REJECTION OF STUDENT LOANS BY PURCHASER PRIOR TO PURCHASE. (a) If (i) Seller is unable to make or furnish the representations and warranties required to be made or furnished by it pursuant to this Agreement as to such Student Loan, or (ii) Seller is unable to fulfill one or more covenants or conditions of this Agreement as to such Student Loan, or (iii) Purchaser in its reasonable judgment deems that such Student Loan does not comply with the terms and conditions of this Agreement or is not being delivered in compliance with such terms and conditions; or (iv) the conditions of Section 4.2 shall not have been complied with, then Purchaser may, in its sole discretion, refuse to accept and purchase any Student Loan.
Appears in 3 contracts
Samples: Loan Sale and Commitment Agreement (Union Financial Services I Inc), Amended and Restated Agreement (Nelnet Inc), Loan Sale and Commitment Agreement (Union Financial Services I Inc)
REJECTION OF STUDENT LOANS BY PURCHASER PRIOR TO PURCHASE. (a) If (i) Seller is unable to make or furnish the representations and warranties required to be made or furnished by it pursuant to this Agreement as to such a Student Loan, or (ii) Seller is unable to fulfill one or more covenants or conditions of this Agreement as to such a Student Loan, or (iii) Purchaser in its reasonable judgment deems that such Student Loan does not comply with the terms and conditions of this Agreement or is not being delivered in compliance with such terms and conditions; or (iv) the conditions of Section 4.2 shall not have been complied with, then Purchaser may, in its sole discretion, refuse to accept and purchase any such Student Loan.
Appears in 1 contract
Samples: Custodian Agreement (Nelnet Inc)
REJECTION OF STUDENT LOANS BY PURCHASER PRIOR TO PURCHASE. (a) If (i) Seller is unable to make or furnish the representations and warranties required to be made or furnished by it pursuant to this Agreement as to such Student Loan, or (ii) Seller is unable to fulfill one or more covenants or conditions of this Agreement as to such Student Loan, or (iii) Purchaser in its reasonable judgment deems that such Student Loan does not comply with the terms and conditions of this Agreement or is not being delivered in compliance with such terms and conditions; or (iv) the conditions of Section 4.2 4.02 shall not have been complied with, then Purchaser may, in its sole discretion, refuse to accept and purchase any Student Loan.
Appears in 1 contract
Samples: Loan Sale and Commitment Agreement (Union Financial Services I Inc)
