Common use of Requirements Upon Termination Clause in Contracts

Requirements Upon Termination. As of the effective date of termination of this Agreement, FMER shall (i) cease accepting new applications for Loans and (ii) unless otherwise agreed by the Parties in writing, process all Applications received prior to the effective date of termination through disbursement or denial. In addition, upon the termination of this Agreement for any reason:

Appears in 2 contracts

Samples: Loan Program Agreement (First Marblehead Corp), Loan Program Agreement (First Marblehead Corp)

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Requirements Upon Termination. As of the effective date of termination of this Agreement, FMER shall (i) cease accepting new applications Applications for Loans and (ii) unless otherwise agreed by the Parties in writing, process all Applications received prior to the effective date of termination through disbursement or denial. In addition, upon the termination of this Agreement for any reason:

Appears in 1 contract

Samples: Loan Program Agreement (First Marblehead Corp)

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Requirements Upon Termination. As of the effective date of termination of this Agreement, FMER shall (i) cease accepting new applications for Loans and (ii) unless otherwise agreed by the Parties in writing, process all Applications received prior to the effective date of termination through disbursement or denial. In addition, upon the termination of this Agreement for any reason:.

Appears in 1 contract

Samples: Loan Program Agreement (First Marblehead Corp)

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