Common use of Representations of the Administrator Clause in Contracts

Representations of the Administrator. The Administrator makes the following representations on which the Issuer is deemed to have relied in acquiring (through the Eligible Lender Trustee) the Financed Student Loans being conveyed pursuant to this Agreement. The representations speak as of the execution and delivery of this Agreement in the case of the Initial Financed Student Loans, and as of the applicable Transfer Date, in the case of the Additional Financed Student Loans, but shall survive the sale, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Classnotes Trust 1995-1 Asset Backed Ser 1996-2), Sale and Servicing Agreement (Classnotes Inc), Second Supplemental Sale and Servicing Agreement (Classnotes Inc)

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Representations of the Administrator. The Administrator makes the following representations on which the Issuer is deemed to have relied in acquiring (through the Eligible Lender Trustee) the Financed Student Loans being conveyed pursuant to this Agreement. The representations speak as of the execution and delivery of this Agreement Closing Date, in the case of the Initial Financed Student Loans, and as of the applicable Transfer Subsequent Finance Date, in the case of the Additional Subsequent Financed Student LoansLoans being transferred on such Subsequent Finance Date, but shall survive the salecontribution, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

Appears in 2 contracts

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

Representations of the Administrator. The Administrator makes the following representations on which the Issuer is deemed to have relied in acquiring (through the Eligible Lender Trustee) the Financed Student Loans being conveyed pursuant to this Agreement. The representations speak as of the execution and delivery of this Agreement Closing Date, in the case of the Initial Financed Student Loans, and as of the applicable Transfer Exchange Date, in the case of the Additional Financed Exchanged Student LoansLoans being transferred on such Exchange Date, but shall survive the salecontribution, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

Appears in 2 contracts

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

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Representations of the Administrator. The Administrator makes the following representations on which the Issuer is deemed to have relied in acquiring (through the Eligible Lender Trustee) the Financed Student Loans being conveyed pursuant to this Agreement. The representations speak as of the execution and delivery of this Agreement Closing Date, in the case of the Initial Financed Student Loans, and as of the applicable Transfer Exchange Date, in the case of the Additional Financed Exchanged Student Loans, but shall survive the salecontribution, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (PNC Bank National Association/)

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