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 NextStudent Conforming Loans and with respect to loan servicing of NextStudent Conforming Loans incurred prior to purchase of a NextStudent Conforming Loan hereunder. FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the NextStudent Conforming Loans and shall be solely responsible for arranging and paying all costs for servicing of the NextStudent Conforming Loans after purchase of such Loans.

Appears in 3 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement, Note Purchase Agreement (National Collegiate Student Loan Trust 2006-2)

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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 NextStudent Start Education Conforming Loans and with respect to loan servicing of NextStudent Start Education Conforming Loans incurred prior to purchase of a NextStudent Start Education Conforming Loan hereunder. FMC shall be solely responsible for and shall pay any obligations it has incurred in connection with the NextStudent Start Education Conforming Loans and shall be solely responsible for arranging and paying all costs for servicing of the NextStudent Start Education Conforming Loans after purchase of such Loans.

Appears in 1 contract

Samples: Note Purchase Agreement (First Marblehead Corp)

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