Common use of Interest Subsidy and Special Allowance Payments and Rebate Fees Clause in Contracts

Interest Subsidy and Special Allowance Payments and Rebate Fees. On the date of the Xxxx of Sale, Xxxxxx Xxx shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each Xxxx of Sale accruing up to but not including the date of the Xxxx of Sale. The Interim Eligible Lender Trustee on behalf of Funding shall be entitled to all Special Allowance Payments and Interest Subsidy Payments and shall be responsible for the payment of any rebate fees accruing from the date of the Xxxx of Sale.

Appears in 7 contracts

Samples: Purchase Agreement (SLM Funding Corp), Purchase Agreement (SLM Funding Corp), Purchase Agreement (SLM Funding Corp)

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Interest Subsidy and Special Allowance Payments and Rebate Fees. On the date of the Xxxx of Sale, Xxxxxx Xxx Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each Xxxx of Sale accruing up to but not including the date of the Xxxx of Sale. The Interim Purchaser and the Eligible Lender Trustee on behalf for the benefit of Funding Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments and shall be responsible for the payment of any rebate fees accruing from the date of the Xxxx of Sale.

Appears in 7 contracts

Samples: Sale Agreement (SLM Funding Corp), Sale Agreement (SLM Funding Corp), Sale Agreement (SLM Funding Corp)

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