Investment Premium Purchase Account. (i) From time to time, the Administrator shall instruct the Indenture Trustee in writing to withdraw amounts from an Investment Premium Purchase Account, and utilize such amounts to pay for the purchase price in excess of par of any Eligible Investments in connection with the related Accumulation Account. (ii) On each Distribution Date, the Administrator, with respect to any Investment Premium Purchase Account, will instruct the Indenture Trustee in writing to (1) withdraw the Investment Premium Purchase Account Release Amount (including any Investment Earnings in such Investment Premium Purchase Account), (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.
Appears in 2 contracts
Samples: Administration Agreement (SLM Student Loan Trust 2006-5), Administration Agreement (SLM Student Loan Trust 2005-9)
Investment Premium Purchase Account. (i) From time to time, the Administrator shall will instruct the Indenture Trustee in writing to withdraw amounts from an Investment Premium Purchase Account, and utilize such amounts to pay for the purchase price in excess of par of any Eligible Investments in connection with the related Accumulation Account.
(ii) On each Distribution Date, the Administrator, with respect to any Investment Premium Purchase Account, will instruct the Indenture Trustee in writing to (1) withdraw the Investment Premium Purchase Account Release Amount (including any Investment Earnings in such Investment Premium Purchase Account), (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.
Appears in 2 contracts
Samples: Administration Agreement (SLM Student Loan Trust 2005-5), Administration Agreement (SLM Student Loan Trust 2005-6)
Investment Premium Purchase Account. (i) From time to time, the Administrator shall instruct the Indenture Trustee in writing to withdraw amounts from an Investment Premium Purchase Account, and utilize such amounts to pay for the purchase price in excess of par of any Eligible Investments in connection with the related Accumulation Account.
(ii) On each Distribution Date, the Administrator, with respect to any Investment Premium Purchase Account, will instruct the Indenture Trustee in writing to (1) withdraw the Investment Premium Purchase Account Release Amount (including any Investment Earnings in such Investment Premium Purchase Account), (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2005-8)
Investment Premium Purchase Account. (i) From time to time, the Administrator shall instruct the Indenture Trustee in writing to withdraw amounts from an Investment Premium Purchase Account, and utilize such amounts to pay for the purchase price in excess of par of any Eligible Investments in connection with the related Accumulation Account.
(ii) On each Distribution Date, the Administrator, with respect to any Investment Premium Purchase Account, will instruct the Indenture Trustee in writing to to
(1) withdraw the Investment Premium Purchase Account Release Amount (including any Investment Earnings in such Investment Premium Purchase Account), (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2005-7)
