OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS. (a) The Seller shall promptly remit, or cause to be remitted, to the Purchaser all funds received by the Seller after the applicable Loan Purchase Date which constitute payments of principal or interest (including Interest Subsidy Payments) or Special Allowance Payments accrued after the applicable Loan Purchase Date with respect to any FFELP Loan.
Appears in 27 contracts
Samples: Loan Purchase Agreement (Nelnet Inc), Ffelp Loan Purchase Agreement (College Loan LLC), Loan Purchase Agreement (Nelnet Student Loan Trust 2009-2)
OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS. (a) The Seller shall promptly remit, or cause to be remitted, to the Purchaser Corporation all funds received by the Seller after the applicable Loan Purchase Date which constitute payments of principal or interest (including Interest Subsidy Payments) or Special Allowance Payments accrued after the applicable Loan Purchase Date with respect to any FFELP Loan.
Appears in 5 contracts
Samples: Loan Purchase Agreement (Nelnet Inc), Loan Purchase Agreement (Nelnet Inc), Loan Purchase Agreement (Nelnet Inc)
OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS. (a) The Seller shall promptly remit, or cause to be remitted, to the Purchaser all funds received by the Seller after the applicable Loan Purchase Date which that constitute payments of principal or interest (including Interest Subsidy Payments) or Special Allowance Payments accrued after the applicable Loan Purchase Date with respect to any FFELP Loan.
Appears in 2 contracts
Samples: Master Loan Sale Agreement (Pheaa Student Loan Foundation Inc), Master Loan Sale and Contribution Agreement (Pheaa Student Loan Foundation Inc)
