Common use of Loan Transfer Statement Clause in Contracts

Loan Transfer Statement. Upon the Purchaser’s request, the Seller shall deliver to the Purchaser one (1) or more Loan Transfer Statements (Department Form OE 1074 or its equivalent) provided by the Purchaser, executed by the Eligible Lender Trustee for the benefit of the Seller and dated the date of the related Xxxx of Sale. The Seller and the Eligible Lender Trustee on behalf of the Seller agree that the Purchaser and the Eligible Lender Trustee on behalf of the Purchaser may use the related Xxxx of Sale, including the Loan Transmittal Summary Form attached to that Xxxx of Sale, in lieu of OE Form 1074, as official notification to the Guarantor of the assignment by the Seller and the Eligible Lender Trustee on behalf of the Seller to the Purchaser and the Eligible Lender Trustee on behalf of the Purchaser of the Loans listed on the related Xxxx of Sale.

Appears in 9 contracts

Samples: Master Terms Sale Agreement (SLC Student Loan Trust 2010-1), Master Terms Sale Agreement (SLC Student Loan Receivables I Inc), Master Terms Sale Agreement (SLC Student Loan Trust 2009-1)

AutoNDA by SimpleDocs

Loan Transfer Statement. Upon the Purchaser’s Purxxxxer's request, the Seller shall deliver to the Purchaser one (1) or more Loan Transfer Statements (Department Form OE 1074 or its equivalent) provided by the Purchaser, executed by the Eligible Lender Trustee for the benefit of the Seller and dated the date of the related Xxxx Bill of Sale. The Seller and the Eligible Lender Trustee on behalf of the ox xxe Seller agree that the Purchaser and the Eligible Lender Trustee on behalf of the Purchaser may use the related Xxxx Bill of Sale, including the Loan Transmittal Summary Form attached to that Xxxx tx xxat Bill of Sale, in lieu of OE Form 1074, as official notification to the Guarantor txx Xuarantor of the assignment by the Seller and the Eligible Lender Trustee on behalf of the Seller to the Purchaser and the Eligible Lender Trustee on behalf of the Purchaser of the Loans listed on the related Xxxx Bill of Sale.

Appears in 2 contracts

Samples: Master Terms Sale Agreement (SLC Student Loan Trust 2004-1), Master Terms Sale Agreement (SLC Student Loan Trust 2005-1)

Loan Transfer Statement. Upon the Purchaser’s Purxxxxer's request, the Seller shall deliver to the Purchaser one (1) or more Loan Transfer Statements (Department Form OE 1074 or its equivalent) provided by the Purchaser, executed by the Eligible Lender Trustee for the benefit of the Seller and dated the date of the related Xxxx Bill of Sale. The Seller and the Eligible Lender Trustee on behalf of the Seller agree that the Purchaser and the Eligible Lender Trustee on behalf of the Purchaser may use the related Xxxx Bill of Sale, including the Loan Transmittal Summary Form attached to that Xxxx tx xxat Bill of Sale, in lieu of OE Form 1074, as official notification to the Guarantor txx Xuarantor of the assignment by the Seller and the Eligible Lender Trustee on behalf of the Seller to the Purchaser and the Eligible Lender Trustee on behalf of the Purchaser of the Loans listed on the related Xxxx Bill of Sale.

Appears in 2 contracts

Samples: Master Terms Sale Agreement (SLC Student Loan Trust 2005-2), Master Terms Sale Agreement (SLC Student Loan Trust 2006-1)

AutoNDA by SimpleDocs

Loan Transfer Statement. Upon the Purchaser’s Purcxxxxr's request, the Seller shall deliver to the Purchaser one (1) or more Loan Transfer Statements (Department Form OE 1074 or its equivalent) provided by the Purchaser, executed by the Eligible Lender Trustee for the benefit of the Seller and dated the date of the related Xxxx Bill of Sale. The Seller and the Eligible Lender Trustee on behalf of the xxx Seller agree that the Purchaser and the Eligible Lender Trustee on behalf of the Purchaser may use the related Xxxx Bill of Sale, including the Loan Transmittal Summary Form attached to that Xxxx xxxt Bill of Sale, in lieu of OE Form 1074, as official notification to the Guarantor thx Xxarantor of the assignment by the Seller and the Eligible Lender Trustee on behalf of the Seller to the Purchaser and the Eligible Lender Trustee on behalf of the Purchaser of the Loans listed on the related Xxxx Bill of Sale.

Appears in 1 contract

Samples: Master Terms Sale Agreement (SLC Student Loan Trust 2005-3)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!