Common use of Repurchase by Depositor Clause in Contracts

Repurchase by Depositor. Upon the occurrence of any of the conditions set forth in Section 5.04 and upon the request of the Trust or any permitted assignee thereof under Section 10.05, the Depositor shall pay, or cause to be paid, to the Trust an amount equal to the same percentage of the then-outstanding Principal Balance of such Financed Student Loan as the Depositor originally paid in the Purchase Price for such Financed Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Financed Student Loan from the applicable Closing Date to and including the date of repurchase, plus any attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by the Trust or the appropriate successors or assigns in connection with such Financed Student Loan and arising out of the reasons for the repurchase. With respect to any Financed Student Loan repurchased by the Depositor pursuant to this Agreement, the Trust Eligible Lender Trustee shall transfer, without recourse, representation or warranty, to the Depositor Eligible Lender Trustee, on behalf of Depositor all of Trust's and the Trust Eligible Lender Trustee's right, title and interest in and to such Financed Student Loan, and all security and documents relating thereto.

Repurchase by Depositor. Upon the occurrence of any of the conditions set forth in Section 5.04 5.03 hereof and upon the request of the Trust or any permitted assignee thereof under Section 10.05Trust, the Depositor shall pay, or cause to be paid, to the Trust an amount equal to the same percentage of the then-outstanding Principal Balance of such Financed Student Loan as the Depositor originally paid in the Purchase Price for such Financed Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Financed Student Loan from the applicable Closing Date to and including the date of repurchase, plus any attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by the Trust or the appropriate successors or assigns in connection with such Financed Student Loan and arising out of the reasons for the repurchase. With respect to any Financed Student Loan repurchased by the Depositor pursuant to this Agreement, the Trust Eligible Lender Trustee shall transferTransfer, without recourse, representation or warranty, to the Depositor Eligible Lender Trustee, on behalf of Depositor all of Trust's and the Trust Co-Owner Eligible Lender Trustee's right, title and interest in and to such Financed Student Loan, and all security and documents relating thereto.,

Repurchase by Depositor. Upon the occurrence of any of the conditions set forth in Section 5.04 and upon the request of the Trust or any permitted assignee thereof under Section 10.05, the Depositor shall pay, or cause to be paid, to the Trust an amount equal to the same percentage of the then-outstanding Principal Balance of such Financed Student Loan as the Depositor originally paid in the Purchase Price for such Financed Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Financed Student Loan from the applicable Closing Date to and including the date of repurchase, plus any attorneys' ’ fees, legal expenses, court costs, servicing fees or other expenses incurred by the Trust or the appropriate successors or assigns in connection with such Financed Student Loan and arising out of the reasons for the repurchase. With respect to any Financed Student Loan repurchased by the Depositor pursuant to this Agreement, the Trust Eligible Lender Trustee shall transfer, without recourse, representation or warranty, to the Depositor Eligible Lender Trustee, on behalf of Depositor all of Trust's ’s and the Trust Eligible Lender Trustee's ’s right, title and interest in and to such Financed Student Loan, and all security and documents relating thereto.

Repurchase by Depositor. Upon the occurrence of any of the conditions set forth in Section 5.04 and upon the request of the Trust or any permitted assignee thereof under Section 10.05, the Depositor shall pay, or cause to be paid, to the Trust an amount equal to the same percentage of the then-outstanding Principal Balance of such Financed Student Loan as the Depositor originally paid in the Purchase Price for such Financed Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Financed Student Loan from the applicable Closing Date to and including the date of repurchase, plus any attorneys' ’ fees, legal expenses, court costs, servicing fees or other expenses incurred by the Trust or the appropriate successors or assigns in connection with such Financed Student Loan and arising out of the reasons for the repurchase. With respect to any Financed Student Loan repurchased by the Depositor pursuant to this Agreement, the Trust Eligible Lender Trustee shall transfer, without recourse, representation or warranty, to the Depositor Eligible Lender Trustee, on behalf of Depositor all of Trust's ’s and the Trust Eligible Lender Trustee's ’s right, title and interest in and to such Financed Student Loan, and all security and documents relating thereto.

Repurchase by Depositor. Upon the occurrence of any of the conditions set forth in Section 5.04 5.03 hereof and upon the request of the Trust or any permitted assignee thereof under Section 10.05Trust, the Depositor shall pay, or cause to be paid, to the Trust an amount equal to the same percentage of the then-outstanding Principal Balance of such Financed Student Loan as the Depositor originally paid in the Purchase Price (as defined in the Purchase Agreement) for such Financed Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Financed Student Loan from the applicable Closing Date to and including the date of repurchase, plus any attorneys' fees, legal expenses, court costs, servicing fees or other expenses incurred by the Trust or the appropriate successors or assigns in connection with such Financed Student Loan and arising out of the reasons for the repurchase. With respect to any Financed Student Loan repurchased by the Depositor pursuant to this Agreement, the Trust Eligible Lender Trustee shall transferTransfer, without recourse, representation or warranty, to the Depositor Eligible Lender Trustee, Trustee on behalf of Depositor all of Trust's and the Trust Eligible Lender Trustee's right, title and interest in and to such Financed Student Loan, and all security and documents relating thereto.