Loan Transfer Statement. Upon Funding's request, SLM ECFC shall deliver to Funding one (1) or more Loan Transfer Statements (Department of Education Form OE 1074 or its equivalent) provided by Funding, executed by SLM ECFC and dated the date of the related Xxxx of Sale. SLM ECFC agrees that Funding and the Interim Eligible Lender Trustee 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 SLM ECFC to the Interim Eligible Lender Trustee on behalf of Funding of the Loans listed on the related Xxxx of Sale.
Appears in 3 contracts
Samples: Purchase Agreement (SLM Funding LLC), Additional Purchase Agreement (SLM Funding LLC), Purchase Agreement (SLM Funding LLC)
Loan Transfer Statement. Upon Funding's request, SLM ECFC ELC shall deliver to Funding one (1) or more Loan Transfer Statements (Department of Education Form OE 1074 or its equivalent) provided by Funding, executed by SLM ECFC ELC and dated the date of the related Xxxx of Sale. SLM ECFC ELC agrees that Funding and the Interim Eligible Lender Trustee may use the related Xxxx of Sale, including the Loan Transmittal Summary Form attached to that the Xxxx of Sale, in lieu of OE Form 1074, as official notification to the Guarantor of the assignment by SLM ECFC ELC to the Interim Eligible Lender Trustee on behalf of Funding of the Loans listed on the related Xxxx of Sale.
Appears in 2 contracts
Samples: Purchase Agreement (SLM Funding LLC), Purchase Agreement (SLM Funding LLC)
Loan Transfer Statement. Upon Funding's request, SLM ECFC ELC shall deliver to Funding one (1) or more Loan Transfer Statements (Department of Education Form OE 1074 or its equivalent) provided by Funding, executed by SLM ECFC ELC and dated the date of the related Xxxx of Sale. SLM ECFC ELC agrees that Funding and the Interim Eligible Lender Trustee may use the related Xxxx of Sale, including the related 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 SLM ECFC ELC to the Interim Eligible Lender Trustee on behalf of Funding of the Loans listed on the related Xxxx of Sale.
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