Common use of Great Lakes’ Duties as Servicer Clause in Contracts

Great Lakes’ Duties as Servicer. (a) Great Lakes, as servicer of the Loans, shall perform all of the Lender’s obligations as holder of the Loans as required by the Act and all regulations issued by the U.S. Department of Education (the “Department”) or by the Guarantor to implement the Act. Great Lakes shall have full power to sign and act on the Lender’s behalf as the Lender’s agent in all transactions with borrowers serviced hereunder. The Lender does hereby authorize, constitute and appoint Great Lakes on its behalf and as its attorney-in-fact to endorse those promissory notes for which a claim has been filed with the Guarantor. Great Lakes will carry out its responsibilities hereunder in a diligent and lawful manner.

Great Lakes’ Duties as Servicer. (a) Great Lakes, Lakes as servicer of the Loans, Loans shall perform all of the Lender’s obligations as holder of the Loans as required by the Act and all regulations issued by the U.S. U. S. Department of Education (the “Department”) or by the Guarantor guarantor to implement the Act. Great Lakes shall have full power to sign and act on the Lender’s behalf as the Lender’s agent in all transactions with borrowers serviced hereunder. The Lender does hereby authorize, constitute constitute, and appoint Great Lakes on its behalf and as its attorney-in-fact attorney in fact, to endorse those promissory notes for which a claim has been filed with the Guarantorguarantor. Great Lakes will carry out its responsibilities hereunder in a diligent and lawful manner.

Great Lakes’ Duties as Servicer. (a) Great Lakes, Lakes as servicer of the Loans, Loans shall perform all of the Lender’s 's obligations as holder of the Loans as required by the Act and all regulations issued by the U.S. Department of Education (the “Department”) or by the Guarantor GLHEGC to implement the Act. Great Lakes shall have full power to sign and act on the Lender’s 's behalf as the Lender’s 's agent in all transactions with borrowers serviced hereunder. The Lender does hereby authorize, constitute and appoint Great Lakes on its behalf and as its attorney-in-fact attorney in fact, to endorse those promissory notes for which a claim has been filed with the Guarantor. Great Lakes will carry out its responsibilities hereunder in a diligent and lawful manner.

Great Lakes’ Duties as Servicer. (a) Great Lakes, Lakes as servicer of the Loans, Loans shall perform all of the Lender’s 's obligations as holder of the Loans as required by the Act and all regulations issued by the U.S. Department of Education (the “Department”) or by the Guarantor guarantor to implement the Act. Great Lakes shall have full power to sign and act on the Lender’s 's behalf as the Lender’s 's agent in all transactions with borrowers serviced hereunder. The Lender does hereby authorize, constitute constitute, and appoint Great Lakes on its behalf and as its attorney-in-fact attorney in fact, to endorse those promissory notes for which a claim has been filed with the Guarantorguarantor. Great Lakes will carry out its responsibilities hereunder in a diligent and lawful manner.

Great Lakes’ Duties as Servicer. (a) Great Lakes, Lakes as servicer of the Loans, Loans shall perform all of the Lender’s obligations as holder of the Loans as required by the Act and all regulations issued by the U.S. Department of Education (the “Department”) or by the Guarantor guarantor to implement the Act. Great Lakes shall have full power to sign and act on the Lender’s behalf as the Lender’s agent in all transactions with borrowers serviced hereunder. The Lender does hereby authorize, constitute constitute, and appoint Great Lakes on its behalf and as its attorney-in-fact attorney in fact, to endorse those promissory notes for which a claim has been filed with the Guarantorguarantor. Great Lakes will carry out its responsibilities hereunder in a diligent and lawful manner.