Common use of Servicing and Origination Costs Clause in Contracts

Servicing and Origination Costs. Program Lender shall be solely responsible for and shall pay all costs due to any third party from Program Lender (including, without limitation, amounts due to XXXX or Servicer) with respect to origination of Bank of America DTC Loans and with respect to loan servicing of Bank of America DTC Loans incurred prior to purchase of a Bank of America DTC Loan hereunder. FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the Bank of America DTC Loans and shall be solely responsible for arranging and paying all costs for servicing of the Bank of America DTC Loans after purchase of such Loans.

Appears in 4 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement, Note Purchase Agreement (National Collegiate Student Loan Trust 2007-1)

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Servicing and Origination Costs. Program Lender shall be solely responsible for and shall pay all costs due to any third party from Program Lender (including, without limitation, amounts due to XXXX TXXX or Servicer) with respect to origination of Bank of America DTC Loans and with respect to loan servicing of Bank of America DTC Loans incurred prior to purchase of a Bank of America DTC Loan hereunder. FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the Bank of America DTC Loans and shall be solely responsible for arranging and paying all costs for servicing of the Bank of America DTC Loans after purchase of such Loans.

Appears in 2 contracts

Samples: Note Purchase Agreement (National Collegiate Funding LLC), Note Purchase Agreement (National Collegiate Student Loan Trust 2006-4)

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Servicing and Origination Costs. Program Lender shall be solely responsible for and shall pay all costs due to any third party from Program Lender (including, without limitation, amounts due to XXXX or Servicer) with respect to origination of Bank of America DTC Loans and with respect to loan servicing of Bank of America DTC Loans incurred prior to purchase of a Bank of America DTC Loan hereunder. FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the Bank of America DTC Loans and shall be solely responsible for arranging and paying all costs for servicing of the Bank of America DTC Loans after purchase of such Loans. 3.09.

Appears in 1 contract

Samples: Note Purchase Agreement

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