Common use of Reserve Fund Compliance Clause in Contracts

Reserve Fund Compliance. (i) Monitor the Reserve Fund Balance and make necessary adjustments to ensure that on each Monthly Calculation Date the Reserve Fund Requirement is met, which is currently the following:

Appears in 2 contracts

Samples: Administration Agreement (Higher Education Funding I), Administration Agreement (Higher Education Funding I)

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Reserve Fund Compliance. (i) Monitor the Specified Reserve Fund Account Balance and make necessary adjustments to ensure that determine whether on each Monthly Calculation Date the Specified Reserve Fund Requirement Account Balance requirement is met, which is currently the following:

Appears in 2 contracts

Samples: Administration Agreement (Consolidation Loan Funding Ii, LLC), Administration Agreement (Consolidation Loan Funding Ii, LLC)

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