Common use of Settlement of the Payment Clause in Contracts

Settlement of the Payment. The Purchaser shall pay the Seller the purchase price set forth in Schedule 1 of each of the Pool Supplements by wire transfer in immediately available funds to the account specified by the Seller.

Appears in 5 contracts

Samples: Deposit and Sale Agreement, Deposit and Sale Agreement (National Collegiate Student Loan Trust 2006-3), Deposit and Sale Agreement (National Collegiate Student Loan Trust 2005-2)

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Settlement of the Payment. The Purchaser shall pay the Seller the purchase price set forth in Schedule 1 of each of the Pool Supplements by wire transfer in immediately available funds to the account specified by the Seller. In addition, the Purchaser will also issue the Class A-5 Notes to the Seller pursuant to the Indenture.

Appears in 2 contracts

Samples: Deposit and Sale Agreement (National Collegiate Student Loan Trust 2005-3), Deposit and Sale Agreement (National Collegiate Student Loan Trust 2004-2)

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Settlement of the Payment. The Purchaser shall pay the Seller the purchase price set forth in Schedule 1 of each of the Pool Supplements by wire transfer in immediately available funds to the account specified by the Seller. In addition, the Purchaser will also issue the Class [___] Notes and the Class [___] Notes to the Seller pursuant to the Indenture.

Appears in 1 contract

Samples: Deposit and Sale Agreement (National Collegiate Funding LLC)

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