of the Administration Agreement. On the May 2008 Monthly Allocation Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 2 contracts
Samples: Servicing Agreement (SLM Student Loan Trust 2008-5), Servicing Agreement (SLM Student Loan Trust 2008-4)
of the Administration Agreement. On the May 2008 April 2007 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February March from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, Agreement (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d2.10(c) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 2 contracts
Samples: Servicing Agreement (SLM Funding LLC), Servicing Agreement (SLM Student Loan Trust 2007-3)
of the Administration Agreement. On the May 2008 April 2004 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the month of March since the Closing Date. Servicer will be paid a fee (“"Conversion Fee”") for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s 's system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s 's verifiable costs plus 15%. Servicer will be paid a fee (“"Transfer Fee”") for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s 's system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s 's purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“"Removal Fee”") for performing all activities required to remove a Trust Student Loan from the Servicer’s 's system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. ATTACHMENT B Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-00000000 ATTACHMENT C
Appears in 2 contracts
Samples: Servicing Agreement (SLM Funding LLC), Servicing Agreement (SLM Funding LLC)
of the Administration Agreement. On the May 2008 September 2003 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, period from the Closing DateDate up to and including August 31, 2003. Servicer will be paid a fee (“"Conversion Fee”") for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s 's system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s 's verifiable costs plus 15%. Servicer will be paid a fee (“"Transfer Fee”") for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s 's system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s 's purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“"Removal Fee”") for performing all activities required to remove a Trust Student Loan from the Servicer’s 's system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. ATTACHMENT B Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-00000000 ATTACHMENT C
Appears in 2 contracts
Samples: Servicing Agreement (SLM Funding LLC), Servicing Agreement (SLM Funding LLC)
of the Administration Agreement. On the May 2008 Monthly Allocation November 2012 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February September 2012 from, and including, the Closing DateDate and the Primary Servicing Fee for October 2012. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mae, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2012-6)
of the Administration Agreement. On the May 2008 Monthly Allocation March 2014 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, February 28, 2014. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mxx, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2014-1)
of the Administration Agreement. On the May 2008 ________ 20__ Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February ________ from, and including, the Closing Date. [Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 _____ per account or the Servicer’s verifiable costs plus 15____%. .] [Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, Agreement (ii) such Trust Student Loans are being removed pursuant to Section 3.11F 3.11(F) of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(c) of the Administration Agreement or (iv) such Trust Student Loans are being supplemented by Add-On Consolidation Loans pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 ____ per account transaction. .] [Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 ____ per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer.] [______________________] [______________________] [______________________] [(___)__________] [______________________] [______________________] [______________________] [(___)__________] [______________________] [______________________] [______________________] [(___)__________] The assessment of compliance to be delivered by Xxxxx Fargo Bank, N.A., as the Servicer, shall address, at a minimum, the criteria identified below (the “Applicable Servicing Criteria”): 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the Transaction Documents. 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. 1122(d)(1)(iii) Any requirements in the Transaction Documents to maintain a back-up servicer for the trust student loans are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. 1122(d)(2)(i) Payments on trust student loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the Transaction Documents. 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the Transaction Documents. N/A 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the Transaction Documents. 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the Transaction Documents. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the Transaction Documents; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the Transaction Documents. 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the Transaction Documents and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the Transaction Documents; (B) provide information calculated in accordance with the terms specified in the Transaction Documents; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of student loans serviced by the Servicer. 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the Transaction Documents. 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the Transaction Documents. 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. 1122(d)(4)(i) Collateral or security on student loans is maintained as required by the Transaction Documents or related student loan documents. 1122(d)(4)(ii) Student loan and related documents are safeguarded as required by the Transaction Documents 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the Transaction Documents. N/A 1122(d)(4)(iv) Payments on student loans, including any payoffs, made in accordance with the related student loan documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the Transaction Documents, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related student loan documents. 1122(d)(4)(v) The Servicer’s records regarding the student loans agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's student loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the Transaction Documents and related pool asset documents. 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the Transaction Documents. 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a student loan is delinquent in accordance with the Transaction Documents. Such records are maintained on at least a monthly basis, or such other period specified in the Transaction Documents, and describe the entity’s activities in monitoring delinquent student loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). 1122(d)(4)(ix) Adjustments to interest rates or rates of return for student loans with variable rates are computed based on the related student loan documents. 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s student loan documents, on at least an annual basis, or such other period specified in the Transaction Documents; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable student loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related student loans, or such other number of days specified in the Transaction Documents. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the Transaction Documents. N/A 1122(d)(4)(xii) Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. N/A 1122(d)(4)(xiii) Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the Transaction Documents. N/A 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the Transaction Documents. 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the Transaction Documents. Xxxxx Fargo Bank, N.A., as Servicer Date: _________________________ By: ________________________________ Name: Title: Re: The Servicing Agreement dated as of __________, 20__ (the “Agreement”), among Xxxxx Fargo Student Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx XxxxTrust 20__-_, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxxas Issuer, Xxxxx 00000 Fargo Bank, N.A., as Servicer and Administrator, and [INDENTURE TRUSTEE], as Indenture Trustee I, ________________________________, the _______________________ of Xxxxx Fargo Bank, N.A. (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxxthe “Servicer”), Xxxxxx 00000 (000) 000-0000certify to the Administrator, on behalf of the Issuer, and the Depositor and their officers, with the knowledge and intent that they will rely upon this certification, that:
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Student Loans Receivables I LLC)
of the Administration Agreement. On the May 2008 December 2006 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the Closing DateFee. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, Agreement (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d2.10(c) of the Administration Agreement or (iv) such Trust Student Loans are being supplemented by Add-On Consolidation Loans pursuant to Section 2.10(e) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2006-10)
of the Administration Agreement. On the May 2008 Monthly Allocation January 2015 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, December 31, 2014. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Navient Solutions, Inc. 000 Xxxx Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (Navient Student Loan Trust 2014-8)
of the Administration Agreement. On the May 2008 August 2004 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February July from, and including, the Closing Date. Servicer will be paid a fee (“"Conversion Fee”") for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s 's system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s 's verifiable costs plus 15%. Servicer will be paid a fee (“"Transfer Fee”") for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s 's system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s 's purchase/substitution obligation under Section 3.5 of this Agreement, (ii) Agreement or such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“"Removal Fee”") for performing all activities required to remove a Trust Student Loan from the Servicer’s 's system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. ATTACHMENT B LOCATIONS Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-00000000 ATTACHMENT C
Appears in 1 contract
of the Administration Agreement. On the May 2008 December 2003 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the month of October since the Closing DateDate as well as the Primary Servicing Fee for the month of November. Servicer will be paid a fee (“"Conversion Fee”") for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s 's system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s 's verifiable costs plus 15%. Servicer will be paid a fee (“"Transfer Fee”") for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s 's system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s 's purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“"Removal Fee”") for performing all activities required to remove a Trust Student Loan from the Servicer’s 's system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. ATTACHMENT B Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-00000000 ATTACHMENT C
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of the Administration Agreement. On the May 2008 March 2005 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the Closing Date. Servicer will be paid a fee (“"Conversion Fee”") for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s 's system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s 's verifiable costs plus 15%. Servicer will be paid a fee (“"Transfer Fee”") for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s 's system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s 's purchase/substitution obligation under Section 3.5 of this Agreement, Agreement (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d2.10(c) and 8.16 of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“"Removal Fee”") for performing all activities required to remove a Trust Student Loan from the Servicer’s 's system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. ATTACHMENT B LOCATIONS Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-00000000 ATTACHMENT C
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of the Administration Agreement. On the May 2008 Monthly Allocation April 2015 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, March 31, 2015. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Navient Solutions, Inc. 000 Xxxx Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (Navient Student Loan Trust 2015-1)
of the Administration Agreement. On the May 2008 July 2004 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the month of June since the Closing Date. Servicer will be paid a fee (“"Conversion Fee”") for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s 's system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s 's verifiable costs plus 15%. Servicer will be paid a fee (“"Transfer Fee”") for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s 's system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s 's purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F 3.11 F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to in accordance with Section 2.10(d2.10(j) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“"Removal Fee”") for performing all activities required to remove a Trust Student Loan from the Servicer’s 's system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. ATTACHMENT B LOCATIONS Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-00000000 ATTACHMENT C
Appears in 1 contract
of the Administration Agreement. On the May 2008 Monthly Allocation August 2013 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, July 31, 2013. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mxx, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2013-3)
of the Administration Agreement. On the May 2008 Monthly Allocation April 2011 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February March from, and including, the Closing Date. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mae, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx XX 00000 (000) 000300-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2011-1)
of the Administration Agreement. On the May 2008 August 2007 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February July from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or Agreement, (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement or (iv) such Trust Student Loans are being supplemented by Add-On Consolidation Loans pursuant to Section 2.10(e) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2007-5)
of the Administration Agreement. On the May 2008 Monthly Allocation September 2012 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February July 2012 from, and including, the Closing DateDate and the Primary Servicing Fee for August 2012. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Xxxxxx Xxx, Inc. 000 Xxxx Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2012-5)
of the Administration Agreement. On the May 2008 Monthly Allocation September 2010 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February August from, and including, the Closing Date. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2010-2)
of the Administration Agreement. On the May 2008 Monthly Allocation January 2012 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February November from, and including, the Closing DateDate and the Primary Servicing Fee for December 2011. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Servicing Agreement 2 Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Xxxxxx Mae, Inc. 000 Xxxx Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx Xxxxxxxx 00000 (000) 000-0000 Western Regional Center Servicing Agreement 1 The assessment of compliance to be delivered by Xxxxxx Xxx, Inc., as the Servicer, shall address, at a minimum, the criteria identified below (Nevadathe “Applicable Servicing Criteria”): 1122(d)(1)(i) 00000 X. Xxxxxxxxxx XxxxPolicies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the Basic Documents. Xxx Xxxxx1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, Xxxxxx 00000 policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. 1122(d)(1)(iii) Any requirements in the Basic Documents to maintain a back-up servicer for the trust student loans are maintained. 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the Basic Documents. 1122(d)(2)(i) Payments on trust student loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the Basic Documents. 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the Basic Documents. 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (000e.g., with respect to commingling of cash) 000as set forth in the Basic Documents. N/A 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the Basic Documents. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. N/A 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-0000backed securities related bank accounts, including custodial accounts and related bank clearing N/A Servicing Agreement 1
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2011-3)
of the Administration Agreement. On the May 2008 Monthly Allocation December 2012 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, November 30, 2012. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mae, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2012-7)
of the Administration Agreement. On the May 2008 January 2004 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the month of December since the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
of the Administration Agreement. On the May 2008 Monthly Allocation June 2015 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, May 31, 2015. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Navient Solutions, Inc. 000 Xxxx Xxxxx Xxxxx XxxxxxxXxxxxxxx Xxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx XxxxxSuite 300 Wilmington, Xxxxxx 00000 (000) 000-0000Delaware 19801
Appears in 1 contract
Samples: Servicing Agreement (Navient Student Loan Trust 2015-2)
of the Administration Agreement. On the May 2008 2007 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February April from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or Agreement, (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement or (iv) such Trust Student Loans are being supplemented by Add-On Consolidation Loans pursuant to Section 2.10(e) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2007-4)
of the Administration Agreement. On the May 2008 Monthly Allocation August2015 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, July 31, 2015. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Navient Solutions, Inc. 000 Xxxx Xxxxx Xxxxx XxxxxxxXxxxxxxx Xxxxxx Suite 300 Wilmington, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000Delaware 19801
Appears in 1 contract
Samples: Servicing Agreement (Navient Student Loan Trust 2015-3)
of the Administration Agreement. On the May 2008 Monthly Allocation June 2012 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February May from, and including, the Closing Date. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Xxxxxx Xxx, Inc. 000 Xxxx Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2012-3)
of the Administration Agreement. On the May 2008 February 2007 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February January from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, Agreement (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(c) of the Administration Agreement or (iv) such Trust Student Loans are being supplemented by Add-On Consolidation Loans pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2007-1)
of the Administration Agreement. On the May 2008 September 2004 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February the month of August from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) Agreement or such Trust Student Loans are being removed pursuant to Section 3.11F 3.11 F. of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
of the Administration Agreement. On the May 2008 Monthly Allocation September 2013 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, August 31, 2013. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mxx, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2013-4)
of the Administration Agreement. On the May 2008 Monthly Allocation November 2013 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, October 31, 2013. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mxx, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2013-5)
of the Administration Agreement. On the May August 2008 Monthly Allocation Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February July from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2008-7)
of the Administration Agreement. On the May 2008 Monthly Allocation 2013 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, April 30, 2013. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mxx, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2013-2)
of the Administration Agreement. On the May 2008 December 2005 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February November from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or Agreement, (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement or (iv) such Trust Student Loans are being supplemented by Add-On Consolidation Loans pursuant to Section 2.10(e) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. P.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 10000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 700 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 10000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2005-9)
of the Administration Agreement. On the May 2008 October 2004 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February September from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) Agreement or such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
of the Administration Agreement. On the May 2008 Monthly Allocation 2014 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, April 30, 2014. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mae, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2014-2)
of the Administration Agreement. On the May 2008 December 2003 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the month of November since the Closing Date. Servicer will be paid a fee (“"Conversion Fee”") for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s 's system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s 's verifiable costs plus 15%. Servicer will be paid a fee (“"Transfer Fee”") for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s 's system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s 's purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“"Removal Fee”") for performing all activities required to remove a Trust Student Loan from the Servicer’s 's system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. ATTACHMENT B Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-00000000 ATTACHMENT C REPORTS
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of the Administration Agreement. On the May 2008 Monthly Allocation 2010 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February April from, and including, the Closing Date. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. ATTACHMENT B LOCATIONS Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2010-1)
of the Administration Agreement. On the May 2008 Monthly Allocation March 2012 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February January from, and including, the Closing DateDate and the Primary Servicing Fee for February 2012. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Servicing Agreement 2 Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Xxxxxx Xxx, Inc. 000 Xxxx Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx Xxxxxxxx 00000 (000) 000-0000 Western Regional Center Servicing Agreement 1 The assessment of compliance to be delivered by Xxxxxx Mae, Inc., as the Servicer, shall address, at a minimum, the criteria identified below (Nevadathe “Applicable Servicing Criteria”): 1122(d)(1)(i) 00000 X. Xxxxxxxxxx XxxxPolicies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the Basic Documents. Xxx Xxxxx1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, Xxxxxx 00000 policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. 1122(d)(1)(iii) Any requirements in the Basic Documents to maintain a back-up servicer for the trust student loans are maintained. 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the Basic Documents. 1122(d)(2)(i) Payments on trust student loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the Basic Documents. 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the Basic Documents. 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (000e.g., with respect to commingling of cash) 000as set forth in the Basic Documents. N/A 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the Basic Documents. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. N/A 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-0000backed securities related bank accounts, including custodial accounts and related bank clearing N/A Servicing Agreement 1
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2012-1)
of the Administration Agreement. On the May 2008 March 2004 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the months of January since the Closing DateDate together with the Primary Servicing Fee owed for the month of February. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
of the Administration Agreement. On the May 2008 Monthly Allocation [__] 20[__] Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, [__], 20[__]. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 [__] per account or the Servicer’s verifiable costs plus 15[__]%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 [__] per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 [__] per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Navient Solutions, Inc. 000 Xxxx Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx Xxxxxxxx 00000 (000) 000-0000 Western Regional Center Re: The Servicing Agreement dated as of [_________], 20[__] (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxxthe “Agreement”), Xxxxxx 00000 among Navient Student Loan Trust 20[__]-[__], as Issuer, Navient Solutions, Inc., as Servicer, Navient Solutions, Inc., as Administrator, [________], as Eligible Lender Trustee, and [________], as Indenture Trustee I, ________________________________, the _______________________ of Navient Solutions, Inc. (000) 000-0000the “Servicer”), certify to the Administrator, on behalf of the Issuer, and their officers, with the knowledge and intent that they will rely upon this certification, that:
Appears in 1 contract
of the Administration Agreement. On the May 2008 June 2004 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February from, and including, the month of May since the Closing Date. Servicer will be paid a fee (“"Conversion Fee”") for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s 's system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s 's verifiable costs plus 15%. Servicer will be paid a fee (“"Transfer Fee”") for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s 's system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s 's purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. ATTACHMENT B LOCATIONS Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-00000000 ATTACHMENT C
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of the Administration Agreement. On the May 2008 Monthly Allocation March 2013 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, February 28, 2013. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterXxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas Xxxxxx Xxx, Inc. 000 Xxxx Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2013-1)
of the Administration Agreement. On the May 2008 Monthly Allocation January 2014 Distribution Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February period from, and including, the Closing DateDate to, and including, December 31, 2013. The Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. The Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. The Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing CenterCxxxxx/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis Xxxxxxxxxxxx 00000 XXX Xxxxxxx Pxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 200 Xxxxxx Xxxxxx Hanover Industrial Estates XxxxxxWxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Sxxxxx Mxx, Inc. 300 Xxxxxxxxxxx Xxxxx Xxxxx XxxxxxxXxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx Xxxxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2013-6)
of the Administration Agreement. On the May September 2008 Monthly Allocation Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February August from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2008-8)
of the Administration Agreement. On the May 2008 August 2005 Monthly Allocation Servicing Payment Date, the Servicer shall receive a pro rata portion of the Primary Servicing Fee for the number of days in February July from, and including, the Closing Date. Servicer will be paid a fee (“Conversion Fee”) for any Student Loan added to the Trust Estate which Student Loan is not serviced on the Servicer’s system unless such Student Loan is being substituted into the Trust Estate by the Servicer pursuant to Section 3.5 of this Agreement. The Conversion Fee is equal to the greater of $17.00 per account or the Servicer’s verifiable costs plus 15%. Servicer will be paid a fee (“Transfer Fee”) for any Trust Student Loan transferred in or out of the Trust Estate which is at the time of transfer being serviced on the Servicer’s system (regardless of the owner) unless (i) such Trust Student Loans are being removed or added to the Trust in order to comply with the Servicer’s purchase/substitution obligation under Section 3.5 of this Agreement, (ii) such Trust Student Loans are being removed pursuant to Section 3.11F of this Agreement or Agreement, (iii) such Trust Student Loans are being added to the Trust pursuant to Section 2.10(d) of the Administration Agreement or (iv) such Trust Student Loans are being supplemented by Add-On Consolidation Loans pursuant to Section 2.10(m) of the Administration Agreement. The Transfer Fee is equal to $4.00 per account transaction. Servicer will be paid a fee (“Removal Fee”) for performing all activities required to remove a Trust Student Loan from the Servicer’s system to another servicer unless such Trust Student Loan is being removed due to the termination of the Servicer pursuant to Section 5.1 of this Agreement. The Removal Fee is equal to $10.00 per account plus any verifiable direct expenses incurred for shipping such Trust Student Loan to the new servicer. Loan Servicing Center/Florida X.X. Xxx 0000 Xxxxxx Xxxx, Xxxxxxx 00000-0000 (000) 000-0000 Loan Servicing Center/Indianapolis 00000 XXX Xxxxxxx Xxxxxxx, Xxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Pennsylvania 000 Xxxxxx Xxxxxx Hanover Industrial Estates Xxxxxx-Xxxxx, Xxxxxxxxxxxx 00000 (000) 000-0000 Loan Servicing Center/Texas 000 Xxxx Xxxxx Xxxxx Xxxxxxx, Xxxxx 00000 (000) 000-0000 Western Regional Center (Nevada) 00000 X. Xxxxxxxxxx Xxxx. Xxx Xxxxx, Xxxxxx 00000 (000) 000-0000
Appears in 1 contract
Samples: Servicing Agreement (SLM Student Loan Trust 2005-6)