Common use of Servicing and Origination Costs Clause in Contracts

Servicing and Origination Costs. Except as expressly set forth in the definition of “Minimum Purchase Price,” 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 Servicer) with respect to origination of Bank of America GATE Conforming Loans and with respect to loan servicing of Bank of America GATE Conforming Loans incurred prior to purchase of a Bank of America GATE Conforming Loan hereunder. FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the Bank of America GATE Conforming Loans.

Appears in 3 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement (National Collegiate Funding LLC), Note Purchase Agreement (National Collegiate Funding LLC)

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Servicing and Origination Costs. Except as expressly set forth in the definition of "Minimum Purchase Price," 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 Servicer) with respect to origination of Bank of America GATE Conforming Loans and with respect to loan servicing of Bank of America GATE Conforming Loans incurred prior to purchase of a Bank of America GATE Conforming Loan hereunder. FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the Bank of America GATE Conforming Loans.

Appears in 1 contract

Samples: Note Purchase Agreement (First Marblehead Corp)

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