Common use of Limits on Fees Clause in Contracts

Limits on Fees. (i) Verify that the Fees paid do not exceed or are in compliance with the following: (a) The annual fees of the Trustee, Delaware Trustee, the Eligible Lender Trustee and the Market Agent authorized by the Supplemental Indenture then in effect; (b) The Broker-Dealer Fee payable is at the Broker-Dealer Fee rate authorized by the Supplemental Indenture then in effect; (c) The Auction Agent fee payable is at the Auction Agent Fee rate authorized by the Supplemental Indenture then in effect; (d) There will be no other additional payments on the above Note Fees unless prior Rating Agency Confirmation is obtained; (e) The Administration Fees are equal to 1/12 of 0.05% of the ending Principal Balance of the Student Loans, plus accrued interest thereon during the previous month; (f) Servicing fees do not exceed the amounts established in the Servicing Agreements; and (g) The aggregate amount of Servicing Fees, Administration Fees and Note Fees paid from the Administration Fund does not exceed the amount as provided for by the Supplemental Indenture then in effect. (ii) Verify that all Issuer Orders directing the payment of Fees from the Administration Fund have attached to it the appropriate invoice from the payee.

Limits on Fees. (i) Verify that the Fees paid do not exceed or are in compliance with the following: (a) The annual fees of the Trustee, Delaware Trustee, the Eligible Lender Trustee and the Market Agent authorized by the each applicable Supplemental Indenture then in effect; (b) The Broker-Dealer Fee payable is at the Broker-Dealer Fee rate Rate authorized by the each applicable Supplemental Indenture then in effect; (c) The Auction Agent fee payable is at the Auction Agent Fee rate Rate authorized by the each applicable Supplemental Indenture then in effect; (d) There will be no other additional payments on The amount paid, or reimbursed to the above Note Fees Issuer, from the Administration Fund, does not in any year exceed the aggregate amount of the fees described in clauses (a), (b) and (c) of this subsection (i) unless prior the Issuer delivers to the Trustee a Rating Agency Confirmation is obtainedwith respect to any such excess amount; (e) The Administration Fees are equal to 1/12 do not exceed the amounts contemplated by the definition of 0.05% of Administration Fee in the ending Principal Balance of the Student Loans, plus accrued interest thereon during the previous monthapplicable Supplemental Indenture; (f) Servicing fees do not exceed the amounts established in the Servicing Agreements; and (g) The aggregate amount of Servicing Fees, Administration Fees and Note Fees paid from the Administration Fund does not exceed the amount as provided for by the Supplemental Indenture Indentures then in effect, unless a Rating Agency Confirmation is obtained with respect to any such excess amount. (ii) Verify that all Issuer Orders directing the payment of Fees from the Administration Fund have attached to it the appropriate invoice from the payee.

Limits on Fees. (i) Verify that the Fees paid do not exceed or are in compliance with the following: (a) The annual fees of the Trustee, Delaware Trustee, the Eligible Lender Trustee and the Market Agent authorized by the each applicable Supplemental Indenture then in effect; (b) The Broker-Dealer Fee payable is at the Broker-Dealer Fee rate Rate authorized by the each applicable Supplemental Indenture then in effect; 8 A/ R ADMINISTRATION AGREEMENT (c) The Auction Agent fee payable is at the Auction Agent Fee rate Rate authorized by the each applicable Supplemental Indenture then in effect; (d) There will be no other additional payments on the above Note Fees unless prior Rating Agency Confirmation is obtained; (e) The Administration Fees are equal to 1/12 do not exceed the amounts contemplated by the definition of 0.05% of Administration Fee in the ending Principal Balance of the Student Loans, plus accrued interest thereon during the previous monthapplicable Supplemental Indenture; (f) Servicing fees do not exceed the amounts established in the Servicing Agreements; and (g) The aggregate amount of Servicing Fees, Administration Fees and Note Fees paid from the Administration Fund does not exceed the amount as provided for by the Supplemental Indenture Indentures then in effect. (ii) Verify that all Issuer Orders directing the payment of Fees from the Administration Fund have attached to it the appropriate invoice from the payee.

Limits on Fees. (i) Verify that the Fees paid do not exceed or are in compliance with the following: (a) The annual fees of the Trustee, Delaware Trustee, the Eligible Lender Trustee and the Market Agent authorized by the each applicable Supplemental Indenture then in effect; (b) The Broker-Dealer Fee payable is at the Broker-Dealer Fee rate Rate authorized by the each applicable Supplemental Indenture then in effect; (c) The Auction Agent fee payable is at the Auction Agent Fee rate Rate authorized by the each applicable Supplemental Indenture then in effect; (d) There will be no other additional payments on the above Note Fees unless prior Rating Agency Confirmation is obtained; (e) The Administration Fees are equal to 1/12 do not exceed the amounts contemplated by the definition of 0.05% of Administration Fee in the ending Principal Balance of the Student Loans, plus accrued interest thereon during the previous monthapplicable Supplemental Indenture; (f) Servicing fees do not exceed the amounts established in the Servicing Agreements; and (g) The aggregate amount of Servicing Fees, Administration Fees and Note Fees paid from the Administration Fund does not exceed the amount as provided for by the Supplemental Indenture Indentures then in effect. (ii) Verify that all Issuer Orders directing the payment of Fees from the Administration Fund have attached to it the appropriate invoice from the payee.