Common use of Realization upon Financed Student Loans Clause in Contracts

Realization upon Financed Student Loans. For the benefit of the Issuer, the Master Servicer shall use reasonable efforts consistent with customary servicing practices and procedures and including all efforts that may be specified under the Higher Education Act or any Guarantee Agreement with respect to the Financed FFELP Loans and under the HEAL Act and the HEAL Insurance Contract with respect to the Financed HEAL Loans in its servicing of any delinquent Financed Student Loans.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (Crestar Bank /Va)

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Realization upon Financed Student Loans. For the benefit of the Issuer, the Master Servicer shall use reasonable efforts consistent with customary servicing practices and procedures and including all efforts that may be specified under the Higher Education Act or any Guarantee Agreement with respect to the Financed FFELP Loans and under the HEAL Act and the HEAL Insurance Contract with respect to the Financed HEAL Loans in its servicing of any delinquent Financed Student Loans.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (PNC Bank National Association/), Transfer and Servicing Agreement (PNC Student Loan Trust I)

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