Common use of Remarketing Agents; Swap Agent; Remarketing Fee Account Clause in Contracts

Remarketing Agents; Swap Agent; Remarketing Fee Account. (a) The initial Remarketing Agents, appointed pursuant to the terms of the Remarketing Agreement, are [·]. The terms and conditions of the Remarketing Agreement will govern the duties and obligations of the Remarketing Agents and each Swap Agent. The Administrator, the Trust and the Remarketing Agents will enter into on each (A) Remarketing Terms Determination Date, a Remarketing Agency Agreement, in form and substance substantially the same as Appendix B to the Remarketing Agreement, unless (i) a Failed Remarketing is declared, or (ii) the holder of the Call Option has delivered the Call Option Notice on or prior to such date; and (B) Spread Determination Date, a Supplemental Remarketing Agency Agreement, in form and substance substantially the same as Appendix C to the Remarketing Agreement, unless (i) a Failed Remarketing is declared, (ii) the holder of the Call Option has delivered the Call Option Notice on or prior to such date, or (iii) if applicable, 100% of the Reset Rate Noteholders have timely delivered a Hold Notice and the All Hold Rate will apply for the next Reset Period.

Appears in 2 contracts

Samples: Indenture (SLM Funding LLC), Indenture (SLM Funding LLC)

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Remarketing Agents; Swap Agent; Remarketing Fee Account. (a) The initial Remarketing Agents, appointed pursuant to the terms of the Remarketing Agreement, are [·]Citigroup Global Markets Inc., Credit Suisse First Boston LLC and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated. The terms and conditions of the Remarketing Agreement will govern the duties and obligations of the Remarketing Agents and each Swap Agent. The Administrator, the Trust and the Remarketing Agents will enter into on each (A) Remarketing Terms Determination Date, a Remarketing Agency Agreement, in form and substance substantially the same as Appendix B to the Remarketing Agreement, unless (i) a Failed Remarketing is declared, or (ii) the holder of the Call Option has delivered the Call Option Notice on or prior to such date; and (B) Spread Determination Date, a Supplemental Remarketing Agency Agreement, in form and substance substantially the same as Appendix C to the Remarketing Agreement, unless (i) a Failed Remarketing is declared, (ii) the holder of the Call Option has delivered the Call Option Notice on or prior to such date, or (iii) if applicable, 100% of the Reset Rate Noteholders have timely delivered a Hold Notice and the All Hold Rate will apply for the next Reset Period.

Appears in 1 contract

Samples: Administration Agreement (SLM Funding LLC)

Remarketing Agents; Swap Agent; Remarketing Fee Account. (a) The initial Remarketing Agents, appointed pursuant to the terms of the Remarketing Agreement, are [·]Xxxxxx Brothers Inc. and Xxxxxx Xxxxxxx & Co. Incorporated. The terms and conditions of the Remarketing Agreement will govern the duties and obligations of the Remarketing Agents and each Swap Agent. The Administrator, the Trust and the Remarketing Agents will enter into on each (A) Remarketing Terms Determination Date, a Remarketing Agency Agreement, in form and substance substantially the same as Appendix B to the Remarketing Agreement, unless (i) a Failed Remarketing is declared, or (ii) the holder of the Call Option has delivered the Call Option Notice on or prior to such date; and (B) Spread Determination Date, a Supplemental Remarketing Agency Agreement, in form and substance substantially the same as Appendix C to the Remarketing Agreement, unless (i) a Failed Remarketing is declared, (ii) the holder of the Call Option has delivered the Call Option Notice on or prior to such date, or (iii) if applicable, 100% of the Reset Rate Noteholders have timely delivered a Hold Notice and the All Hold Rate will apply for the next Reset Period.

Appears in 1 contract

Samples: Indenture (SLM Funding LLC)

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Remarketing Agents; Swap Agent; Remarketing Fee Account. (a) The initial Remarketing Agents, appointed pursuant to the terms of the Remarketing Agreement, are [·]X.X. Xxxxxx Securities Inc. and Xxxxxx Xxxxxxx & Co. Incorporated. The terms and conditions of the Remarketing Agreement will govern the duties and obligations of the Remarketing Agents and each Swap Agent. The Administrator, the Trust and the Remarketing Agents will enter into on each (A) Remarketing Terms Determination Date, a Remarketing Agency Agreement, in form and substance substantially the same as Appendix B to the Remarketing Agreement, unless (i) a Failed Remarketing is declared, or (ii) the holder of the Call Option has delivered the Call Option Notice on or prior to such date; and (B) Spread Determination Date, a Supplemental Remarketing Agency Agreement, in form and substance substantially the same as Appendix C to the Remarketing Agreement, unless (i) a Failed Remarketing is declared, (ii) the holder of the Call Option has delivered the Call Option Notice on or prior to such date, or (iii) if applicable, 100% of the Reset Rate Noteholders have timely delivered a Hold Notice and the All Hold Rate will apply for the next Reset Period.

Appears in 1 contract

Samples: Indenture (SLM Funding LLC)

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