Insurance Premium. For such Student Loan Seller has reported or shall report the amount of the insurance premium authorized to be collected, and has paid or shall pay said premium to the Guarantee Agency or the Secretary with all rights therein inuring to Purchaser; and in the event that on or prior to the Scheduled Sale Date for such Student Loan the applicable Student Borrower withdraws within the period specified as qualifying for a cancellation refund by the Guarantee Agency, Seller agrees to pay the amount of the premium to be refunded to Purchaser.
Appears in 5 contracts
Samples: Loan Purchase Agreement, Loan Purchase Agreement (Consolidation Loan Funding Ii, LLC), Loan Purchase Agreement (Consolidation Loan Funding Ii, LLC)
Insurance Premium. For such Student Eligible Loan Seller has reported or shall report the amount of the insurance premium authorized to be collected, and has paid or shall pay said premium to the applicable Guarantee Agency or the Secretary with all rights therein inuring to Purchaser; and in the event that on or prior to the Scheduled Sale Date for such Student Eligible Loan the applicable Student Borrower withdraws within the period specified as qualifying for a cancellation refund by the Guarantee Agency, Seller agrees to pay the amount of the premium to be refunded to Purchaser.
Appears in 2 contracts
Samples: Loan Purchase Agreement, Loan Purchase Agreement (Goal Capital Funding, LLC)
