Release of Seller and Seller Eligible Lender Trustee. (a) The Seller and the Seller Eligible Lender Trustee hereby acknowledge and agree that, upon Transfer of the Transferred Assets and payment of the Purchase Price, the Depositor will become the successor in interest to the Seller with respect to the Transferred Assets.
Appears in 5 contracts
Samples: Seller Transfer and Sale Agreement (Education Capital I LLC), Seller Transfer and Sale Agreement (Education Capital I LLC), Seller Transfer and Sale Agreement (Education Capital I LLC)