Interest Subsidy and Special Allowance Payments. On the date of the Xxxx of Sale, Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans subject to each Xxxx of Sale accruing up to but not including the date of the Xxxx of Sale. The Purchaser and the Eligible Lender Trustee for the benefit of Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the date of the Xxxx of Sale.
Appears in 3 contracts
Samples: Sale Agreement (SLM Funding Corp), Sale Agreement (SLM Funding Corp), Sale Agreement (SLM Funding Corp)
Interest Subsidy and Special Allowance Payments. On the date of the Xxxx of Sale, Seller Xxxxxx Xxx shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans subject to each Xxxx of Sale accruing up to but not including the date of the Xxxx of Sale. The Purchaser and the Interim Eligible Lender Trustee for the benefit on behalf of Purchaser Funding shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the date of the Xxxx of Sale.
Appears in 3 contracts
Samples: Purchase Agreement (SLM Funding Corp), Purchase Agreement (SLM Funding Corp), Purchase Agreement (SLM Funding Corp)
