NOTIFICATION TO BORROWERS. The servicing agent on behalf of the Seller shall notify Borrowers under the FFELP Loans as required by the Higher Education Act of the assignment and transfer to the Trustee of the Seller's interest in such FFELP Loans and the Seller shall direct each Borrower to make all payments thereon directly to the Purchaser or as it may otherwise designate.
NOTIFICATION TO BORROWERS. 3.1 Prior to the occurrence of an Assignment Notification Event (as set out in Clause 3.2 below), neither the CBC nor the Security Trustee will give or require notification (i) to any Borrower of the assignment of the Mortgage Receivables to the CBC or (ii) to any Life Insurance Company of the assignment of the Beneficiary Rights to the CBC.
NOTIFICATION TO BORROWERS. The parties hereto acknowledge and agree that each Student Loan Purchase Agreement provides that the Lender (in the case of FFELP Loans) or SLFC (in the case of Alternative Loans), as the case may be, which is a party thereto, and that each Transfer Agreement provides that GOAL Funding, shall, to the extent required by the Higher Education Act and the Guarantee Program regulations or the Alternative Loan Program, as appropriate, notify, or cause to be notified, each Borrower under each Financed Student Loan of the assignment and transfer to the Trustee (but for the account and on behalf of the Issuer) of the Lender's, SLFC's or GOAL Funding's interest in such Financed Student Loan and shall direct the Borrower to make all payments thereon directly to the Servicer until otherwise notified by the Trustee. To the extent permitted by the Higher Education Act and the Guarantee Program regulations or the Alternative Loan Program, as appropriate, the Servicer may, on behalf of the Issuer, waive this requirement of any Lender (in the case of FFELP Loans), SLFC (in the case of Alternative Loans) or GOAL Funding (in the case of Financed GOAL Funding Student Loans) if the notice is sent by the Servicer on behalf of such Lender, SLFC or GOAL Funding.
NOTIFICATION TO BORROWERS. The Lender and the Corporation agree that the Servicer and the Lender shall either jointly or separately notify each borrower under the Financed Eligible Loans of the assignment and transfer to the Trustee (but for the account and on behalf of the Corporation) of the Lender's interest in such Financed Eligible Loans and direct each borrower to make all payments thereon directly to the Servicer until otherwise notified by the Trustee. Such notice shall be in compliance with Section 428(b)(2)(F) of the Higher Education Act.
NOTIFICATION TO BORROWERS. The Administrator shall take all steps necessary pursuant to the relevant Mortgage Conditions or applicable law to bring each change in the Standard Variable Rate and any other discretionary rate or margin applicable to the Mortgage Loans and any consequent changes in Monthly Payments to the attention of the relevant Borrowers and shall, as soon as reasonably practicable after any change in such rates, provide details of such changes to each of the Mortgages Trustee, the Security Trustee and the Beneficiaries, and shall, upon receipt of a request from any of such parties, notify such requesting party of any changes in the Monthly Payments in relation to the Mortgage Loans.
NOTIFICATION TO BORROWERS. 10 Section 8. Obligations To Forward Payments and Communications..........10 Section 9. Payment of Expenses and Taxes...............................11 Section 10. Indemnification.............................................11 Section 11. Special Provisions Relating to MPN Loans....................11 Section 12.
NOTIFICATION TO BORROWERS. The parties hereto acknowledge and agree that each Student Loan Purchase Agreement provides that the Lender which is a party thereto shall notify each Borrower under each Financed Student Loan of the assignment and transfer to the Trustee (but for the account and on behalf of the Issuer) of the Lender's interest in such Financed Student Loan and shall direct the Borrower to make all payments thereon directly to the Servicer until otherwise notified by the Trustee. To the extent permitted by the Higher Education Act and the Guarantee Program regulations, the Servicer may, on behalf of the Issuer, waive this requirement of any Lender if the notice is sent by the Servicer on behalf of such Lender.
NOTIFICATION TO BORROWERS. The Administrator shall take all steps necessary pursuant to the relevant Mortgage Conditions or applicable law to bring each change in the Standard Variable Rate and any consequent changes in Monthly Payments to the attention of the relevant Borrowers and shall, as soon as reasonably practicable after any change in the Standard Variable Rate, provide details of such change to each of the Mortgages Trustee, the Security Trustee and the Beneficiaries, and shall, upon receipt of a request from any of such parties, notify such requesting party of any changes in the Monthly Payments in relation to the Mortgage Loans.
NOTIFICATION TO BORROWERS. 3.1 Prior to the occurrence of an Assignment Notification Event (as set out in Clause 3.2 below) or, in case of Achmea Hypotheken Mortgage Receivables, both an Assignment Notification Event and an Achmea Hypotheken Assignment Notification Event (as set out in Clause 3.3 below), neither the CBC nor the Security Trustee will give or require notification (i) to any Borrower of the assignment of the relevant Mortgage Receivable to the CBC or (ii) to each of the Insurance Companies of the assignment of the Beneficiary Rights to the CBC.
NOTIFICATION TO BORROWERS. The Seller and the Corporation agree that the Servicer and the Seller shall either jointly or separately notify each borrower under the Financed Eligible Loans of the assignment and transfer to the Trustee (but for the account and on behalf of the Corporation) of the Seller's interest in such Financed Eligible Loans and direct each borrower to make all payments thereon directly to the Servicer until otherwise notified by the Trustee.
