Common use of Schedule of Financed Student Loans Clause in Contracts

Schedule of Financed Student Loans. The information set forth in Schedule A to this Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date with respect to the Initial Financial Student Loans and the Subsequent Cutoff Date, with respect to the Prefunded Loans. With respect to any Consolidation Loan originated by the Issuer or any Prefunded Loan, New Loan, Serial Loan or Qualified Substitute Student Loan conveyed to the Issuer after the Closing Date, information for each category set forth in Schedule A has been provided with respect to such loan and such information is true and correct in all material respects, as of the date of origination, in the case of such Consolidation Loan, and as of the opening of business on the applicable Subsequent Cutoff Date in the case of a Prefunded Loan, New Loan, Serial Loan or Qualified Substitute Student Loan. With respect to any Consolidation Loan, the principal balance of which has been increased by the principal balance of any related Add-on Consolidation Loan, information for each category set forth in Schedule A has been provided with respect to such Add-on Consolidation Loan and such information is true and correct in all material respects as of the related Add-on Consolidation Loan Funding Date. No selection procedures believed to be adverse to the Noteholders were utilized in selecting any Financed Student Loan. The computer tape regarding the Initial Financed Student Loans made available to the Issuer and its assigns is true and correct in all respects as of the Cutoff Date, and, after the Closing Date, any computer tape regarding any Consolidation Loan, Prefunded Loan, New Loan, Serial Loan or Qualified Substitute Student Loan made available to the Issuer and its assigns is true and correct in all respects as of the date of origination, in the case of a Consolidation Loan originated by the Trust, as of the applicable Add-on Consolidation Loan Funding Date, in the case of a Consolidation Loan the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan, and as of the applicable Subsequent Cutoff Date, in the case of a Prefunded Loan, New Loan, Serial Loan or a Qualified Substitute Student Loan.

Appears in 3 contracts

Samples: Loan Sale Agreement (SMS Student Loan Trust 2000-A), Loan Sale Agreement (Asset Backed Securities Corp), Loan Sale Agreement (SMS Student Loan Trust 2000-B)

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Schedule of Financed Student Loans. The information set forth in Schedule A to this Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date with respect to the Initial Financial Student Loans and the Subsequent Cutoff Date, with respect to the Prefunded Loans. With respect to any Consolidation Loan originated by the Issuer or any Prefunded Delayed Delivery Loan, New Loan, Serial Loan or Qualified Substitute Student Loan conveyed to the Issuer after the Closing Date, information for each category set forth in Schedule A has been provided with respect to such loan and such information is true and correct in all material respects, as of the date of origination, in the case of such Consolidation Loan, and as of the opening of business on the applicable Subsequent Cutoff Date in the case of a Prefunded Delayed Delivery Loan, New Loan, Serial Loan or Qualified Substitute Student Loan. With respect to any Consolidation Loan, the principal balance of which has been increased by the principal balance of any related Add-on Consolidation Loan, information for each category set forth in Schedule A has been provided with respect to such Add-on Consolidation Loan and such information is true and correct in all material respects as of the related Add-on Consolidation Loan Funding Date. No selection procedures believed to be adverse to the Noteholders were utilized in selecting any Financed Student Loan. The computer tape regarding the Initial Financed Student Loans made available to the Issuer and its assigns is true and correct in all respects as of the Cutoff Date, and, after the Closing Date, any computer tape regarding any Consolidation Loan, Prefunded Delayed Delivery Loan, New Loan, Serial Loan or Qualified Substitute Student Loan made available to the Issuer and its assigns is true and correct in all respects as of the date of origination, in the case of a Consolidation Loan originated by the Trust, as of the applicable Add-on Consolidation Loan Funding Date, in the case of a Consolidation Loan the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan, and as of the applicable Subsequent Cutoff Date, in the case of a Prefunded Delayed Delivery Loan, New Loan, Serial Loan or a Qualified Substitute Student Loan.

Appears in 2 contracts

Samples: Loan Sale Agreement (Usa Group Secondary Market Services Inc), Loan Sale Agreement (Usa Group Secondary Market Services Inc)

Schedule of Financed Student Loans. The information set forth in Schedule A to this Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date with respect to the Initial Financial Student Loans and the Subsequent Cutoff Date, with respect to the Prefunded Loans. With respect to any Consolidation Loan originated by the Issuer or any Prefunded Loan, New Loan, Serial Loan or Qualified Substitute Student Loan conveyed to the Issuer after the Closing Date, information for each category set forth in Schedule A has been provided with respect to such loan and such information is true and correct in all material respects, as of the date of origination, in the case of such Consolidation Loan, and as of the opening of business on the applicable Subsequent Cutoff Date in the case of a Prefunded Loan, New Loan, Serial Loan or Qualified Substitute Student Loan. With respect to any Consolidation Loan, the principal balance of which has been increased by the principal balance of any related Add-on Consolidation Loan, information for each category set forth in Schedule A has been provided with respect to such Add-on Consolidation Loan and such information is true and correct in all material respects as of the related Add-on Consolidation Loan Funding Date. No selection procedures believed to be adverse to the Noteholders were utilized in selecting any Financed Student Loan. The computer tape regarding the Initial Financed Student Loans made available to the Issuer and its assigns is true and correct in all respects as of the Cutoff Date, and, after the Closing Date, any computer tape regarding any Consolidation Loan, Prefunded Loan, New Loan, Serial Loan or Qualified Substitute Student Loan made available to the Issuer and its assigns is true and correct in all respects as of the date of origination, in the case of a Consolidation Loan originated by the Trust, as of the applicable Add-on Consolidation Loan Funding Date, in the case of a Consolidation Loan the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan, and as of the applicable Subsequent Cutoff Date, in the case of a Prefunded Loan, New Loan, Serial Loan or a Qualified Substitute Student Loan.

Appears in 1 contract

Samples: Loan Sale Agreement (Usa Group Secondary Market Services Inc)

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Schedule of Financed Student Loans. The information set forth in Schedule A to this Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date with respect to the Initial Financial Student Loans and the Subsequent Cutoff Date, with respect to the Prefunded Loans and Serial Loans. With respect to any Consolidation Loan originated by the Issuer or any Prefunded Loan, New Loan, Serial Loan or Qualified Substitute Student Loan conveyed to the Issuer after the Closing Date, information for each category set forth in Schedule A has been provided with respect to such loan and such information is true and correct in all material respects, as of the date of origination, in the case of such Consolidation Loan, and as of the opening of business on the applicable Subsequent Cutoff Date in the case of a Prefunded Loan, New Loan, Serial Loan or Qualified Substitute Student Loan. With respect to any Consolidation Loan, the principal balance of which has been increased by the principal balance of any related Add-on Consolidation Loan, information for each category set forth in Schedule A has been provided with respect to such Add-on Consolidation Loan and such information is true and correct in all material respects as of the related Add-on Consolidation Loan Funding Date. No selection procedures believed to be adverse to the Noteholders were utilized in selecting any Financed Student Loan. The computer tape regarding the Initial Financed Student Loans made available to the Issuer and its assigns is true and correct in all respects as of the Cutoff Date, and, after the Closing Date, any computer tape regarding any Consolidation Loan, Prefunded Loan, New Loan, Serial Loan or Qualified Substitute Student Loan made available to the Issuer and its assigns is true and correct in all respects as of the date of origination, in the case of a Consolidation Loan originated by the TrustIssuer, as of the applicable Add-on Consolidation Loan Funding Date, in the case of a Consolidation Loan the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan, and as of the applicable Subsequent Cutoff Date, in the case of a Prefunded Loan, New Loan, Serial Loan or a Qualified Substitute Student Loan.

Appears in 1 contract

Samples: Loan Sale Agreement (Wells Fargo Student Loans Receivables I LLC)

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