Common use of Schedules of KBUSA Financed Student Loans Clause in Contracts

Schedules of KBUSA Financed Student Loans. The information set forth in Schedules A and B to this Agreement and Schedule A to the related KBUSA Subsequent Transfer Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date (with respect to Schedule A to this Agreement) or each applicable Subsequent Cutoff Date (with respect to Schedule B to this Agreement), as applicable, and no selection procedures believed to be adverse to the Eligible Lender Trustee, the Issuer, the holders of Notes, the Securities Insurer (with respect to KBUSA Group II Student Loans only) or the Swap Counterparty were utilized in selecting the KBUSA Initial Student Loans or the KBUSA Additional Student Loans, as applicable. The computer tape regarding the KBUSA Initial Student Loans made available to the Depositor Eligible Lender Trustee, the Purchaser, its assigns, the Eligible Lender Trustee, the Issuer, the Securities Insurer (with respect to the KBUSA Financed Student Loans that are KBUSA Group II Student Loans) and the Swap Counterparty is true and correct in all respects as of the Cutoff Date. There will be no material changes made to Schedule A to this Agreement without the acknowledgement of the Rating Agencies that such material change will not affect the ratings assigned to any Class of the Notes (and with respect to the Group II Notes, without regard to the Group II Notes Guaranty Insurance Policy) and (with respect to the Group II Notes only and provided no Securities Insurer Default has occurred and is continuing), the consent of the Securities Insurer.

Schedules of KBUSA Financed Student Loans. The information set forth in Schedules A and B to this Agreement and Schedule A to the related KBUSA Subsequent Transfer Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date (with respect to Schedule Schedules A and B to this Agreement) or each applicable Subsequent Cutoff Date (with respect to Schedule B to this Agreement)Date, as applicable, and no selection procedures believed to be adverse to the Eligible Lender Trustee, the Issuer, the holders of Notes, the Securities Insurer (with in respect to of the KBUSA Group II Student Loans only) or the Swap Counterparty were utilized in selecting the KBUSA Initial Student Loans or the KBUSA Additional Student Loans, as applicable. The computer tape regarding the KBUSA Initial Student Loans made available to the Depositor Eligible Lender Trustee, the Purchaser, its assigns, the Eligible Lender Trustee, the Issuer, the Securities Insurer (with respect to the KBUSA Financed Student Loans that are KBUSA Group II Student Loans) and the Swap Counterparty is true and correct in all respects as of the Cutoff Date. There will be no material changes made to Schedule A to this Agreement without the acknowledgement of the Rating Agencies that such material change will not affect the ratings assigned to any Class of the Notes (and with respect to the Group II Notes, without regard to the Group II Notes Guaranty Insurance Policy) and (with respect to the Group II Notes only and provided no Securities Insurer Default has occurred and is continuing), the consent of the Securities Insurer.

Schedules of KBUSA Financed Student Loans. The information set forth in Schedules A and B to this Agreement and Schedule A to the related KBUSA Subsequent Transfer Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date (with respect to Schedule A to this Agreement) or each applicable Subsequent Cutoff Date (with respect to Schedule B to this Agreement), as applicable, and no selection procedures believed to be adverse to the Eligible Lender Trustee, the Issuer, the holders of Notes, the Securities Insurer (with respect to KBUSA Group II Student Loans only) or the Swap Counterparty were utilized in selecting the KBUSA Initial Student Loans or the KBUSA Additional Student Loans, as applicable. The computer tape regarding the KBUSA Initial Student Loans made available to the Depositor Eligible Lender Trustee, the Purchaser, its assigns, the Eligible Lender Trustee, the Issuer, the Securities Insurer (with respect to the KBUSA Financed Student Loans that are KBUSA Group II Student Loans) and the Swap Counterparty is true and correct in all respects as of the Cutoff Date. There will be no material changes made to Schedule A to this Agreement without the acknowledgement of the Rating Agencies that such material change will not affect the ratings assigned to any Class of the Notes (and with respect to the Group II Notes, without regard to the Group II Insured Notes Guaranty Insurance Policy) and (with respect to the Group II Insured Notes only and provided no Securities Insurer Default has occurred and is continuing), the consent of the Securities Insurer.