Common use of Lender’s Responsibilities Clause in Contracts

Lender’s Responsibilities. Lender agrees to promptly notify Great Lakes of any transactions involving the Lender and the borrower and/or changes in status or demographic data on any of its accounts if received from sources other than Great Lakes. Lender specifically agrees to promptly notify Great Lakes of any bankruptcy action taken with respect to any Loan.

Appears in 5 contracts

Samples: Student Loan Servicing Agreement (Higher Education Funding I), Loan Servicing Agreement (Higher Education Funding I), Loan Servicing Agreement (Higher Education Funding I)

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Lender’s Responsibilities. The Lender agrees to promptly notify Great Lakes of any transactions involving the Lender and the borrower and/or changes in status or demographic data on any of its accounts if received from sources other than Great Lakes. The Lender specifically agrees to promptly notify Great Lakes of any bankruptcy action taken with respect to any Loan.

Appears in 4 contracts

Samples: Student Loan Servicing Agreement (Goal Capital Funding, LLC), Student Loan Servicing Agreement (Goal Capital Funding, LLC), Loan Servicing Agreement (Goal Capital Funding, LLC)

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Lender’s Responsibilities. Lender agrees to promptly notify Great Lakes of any transactions involving the Lender and the borrower and/or changes in status or demographic data data, on any of its accounts if received from sources other than Great Lakes. Lender specifically agrees to promptly notify Great Great. Lakes of any bankruptcy action taken with respect to any Loan.

Appears in 1 contract

Samples: Origination and Servicing Agreement (Higher Education Funding I)

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