Common use of PURCHASE OF FFELP LOANS Clause in Contracts

PURCHASE OF FFELP LOANS. Subject to the terms and conditions of the Loan Purchase Agreement and in reliance upon the representations, warranties and covenants as set forth in the Loan Purchase Agreement, the Seller hereby sells, transfers, assigns, sets over and otherwise conveys to the Purchaser, acting by and through the Trustee, without recourse, all of its right, title and interest in and to the, a portfolio of FFELP Loans identified in the Loan Transfer Schedule attached hereto, having an aggregate outstanding principal balance of approximately $______ and all other Conveyed Property related to the FFELP Loans (the "Current Purchase Portfolio").

Appears in 3 contracts

Samples: Loan Purchase Agreement (Nelnet Student Loan Trust 2008-3), Loan Purchase Agreement (Nelnet Student Loan Trust 2008-4), Loan Purchase Agreement (Nelnet Student Loan Trust 2008-2)

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PURCHASE OF FFELP LOANS. Subject to the terms and conditions of the Loan Purchase Agreement and in reliance upon the representations, warranties and covenants as set forth in the Loan Purchase Agreement, the Seller hereby sells, transfers, assigns, sets over and otherwise conveys to the Purchaser, acting by and through the Trustee, without recourse, all of its right, title and interest in and to the, a portfolio of FFELP Loans identified in the Loan Transfer Schedule attached hereto, having an aggregate outstanding principal balance of approximately $______ billion and all other Conveyed Property related to the FFELP Loans (the "Current Purchase Portfolio").

Appears in 1 contract

Samples: Loan Purchase Agreement (Nelnet Student Loan Trust 2007-1)

PURCHASE OF FFELP LOANS. Subject to the terms and conditions of the Loan Purchase Agreement and in reliance upon the representations, warranties and covenants as set forth in the Loan Purchase Agreement, the Seller hereby sells, transfers, assigns, sets over and otherwise conveys to the Purchaser, acting by and through the Trustee, without recourse, all of its right, title and interest in and to the, a portfolio of FFELP Loans identified in the Loan Transfer Schedule attached hereto, having an aggregate outstanding principal balance of approximately $______ and all other Conveyed Property related to the FFELP Loans (the "(Current Purchase Portfolio"”).

Appears in 1 contract

Samples: Loan Purchase Agreement (Nelnet Student Loan Trust 2009-2)

PURCHASE OF FFELP LOANS. Subject to the terms and conditions of the Loan Purchase Agreement and in reliance upon the representations, warranties and covenants as set forth in the Loan Purchase Agreement, the Seller hereby sells, transfers, assigns, sets over and otherwise conveys to the Purchaser, acting by and through the Trustee, without recourse, all of its right, title and interest in and to the, a portfolio of FFELP Loans identified in the Loan Transfer Schedule attached hereto, having an aggregate outstanding principal balance of approximately $______ 2.213 billion and all other Conveyed Property related to the FFELP Loans (the "Current Purchase Portfolio").

Appears in 1 contract

Samples: Loan Purchase Agreement (Nelnet Student Loan Trust 2006-3)

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PURCHASE OF FFELP LOANS. Subject to the terms and conditions of the Loan Purchase Agreement and in reliance upon the representations, warranties and covenants as set forth in the Loan Purchase Agreement, the Seller hereby sells, transfers, assigns, sets over and otherwise conveys to the Purchaser, acting by and through the Trustee, without recourse, all of its right, title and interest in and to the, a portfolio of FFELP Loans identified in the Loan Transfer Schedule attached hereto, having an aggregate outstanding principal balance of approximately $______ billion and all other Conveyed Property related to the FFELP Loans (the "Current Purchase Portfolio").

Appears in 1 contract

Samples: Loan Purchase Agreement (Nelnet Student Loan Trust 2008-1)

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