Notification to Student Borrowers. Seller and Purchaser shall cause the Servicers to provide each borrower under the Eligible Loans purchased under this Agreement with notice of the assignment and transfer to Purchaser ELT for the account and on behalf of Purchaser of Seller’s interest in such Eligible Loans as required by the Act.
Appears in 5 contracts
Samples: Loan Purchase Agreement, Loan Purchase Agreement (Consolidation Loan Funding Ii, LLC), Loan Purchase Agreement (Goal Capital Funding, LLC)
Notification to Student Borrowers. Seller and Purchaser shall cause the Servicers to provide each borrower under the Eligible Loans purchased under this Agreement with notice of the assignment and transfer to Purchaser ELT the Eligible Lender Trustee for the account and on behalf of Purchaser of Seller’s interest in such Eligible Loans as required by the Act.
Appears in 4 contracts
Samples: Loan Purchase Agreement (Higher Education Funding I), Loan Purchase Agreement (Higher Education Funding I), Loan Purchase Agreement (Higher Education Funding I)
Notification to Student Borrowers. Seller and Purchaser shall cause the Servicers to provide each borrower under the Eligible Loans purchased under this Agreement with notice of the assignment and transfer to Purchaser ELT for the account and on behalf of Purchaser of Seller’s interest in such Eligible Loans as required by the Higher Education Act.
Appears in 3 contracts
Samples: Loan Purchase Agreement, Loan Purchase Agreement (Goal Capital Funding, LLC), Loan Purchase Agreement (Goal Capital Funding, LLC)
