Common use of No Prior Obligation Clause in Contracts

No Prior Obligation. No Financed Student Loan consists of a Student Loan that was subject to the Seller’s prior obligation to sell such loan to a third party.

Appears in 3 contracts

Samples: Sale and Servicing Agreement, Student Loan Transfer Agreement (KeyCorp Student Loan Trust 2006-A), Sale and Servicing Agreement (KeyCorp Student Loan Trust 2006-A)

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No Prior Obligation. No Initial Financed Student Loan consists of a Student Loan that was subject to the Seller’s prior obligation to sell such loan to a third party.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (KeyCorp Student Loan Trust 2005-A), Sale and Servicing Agreement (Key Consumer Receivables LLC)

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No Prior Obligation. No Financed Initial Student Loan consists of a Student Loan that was subject to the Seller’s prior obligation to sell such loan to a third party.

Appears in 1 contract

Samples: Student Loan Transfer Agreement (KeyCorp Student Loan Trust 2005-A)

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