Common use of Program Managers Clause in Contracts

Program Managers. (i) Navient shall appoint an individual to act as its program manager (the “Navient Program Manager”), who will have overall responsibility for implementing, coordinating, tracking and managing all activities (including billing and payment activities) under this Agreement and each Ancillary Agreement and have authority to act on behalf of Navient with respect to such matters, for a period of three years following the Effective Time. Navient hereby appoints and designates the individual set forth on Schedule 7.1(a) to act as the initial Navient Program Manager. Navient shall promptly notify SLM BankCo in writing of its removal and replacement of the Navient Program Manager.

Appears in 4 contracts

Samples: Separation and Distribution Agreement, Separation and Distribution Agreement (Navient Corp), Separation and Distribution Agreement (SLM Corp)

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