Common use of SLM STUDENT LOAN TRUST Clause in Contracts

SLM STUDENT LOAN TRUST. 2014-1 (Purchaser) By: Deutsche Bank Trust Company Americas, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Interim Eligible Lender Trustee DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President Pursuant to the Master Sale Terms (as defined below), each of Deutsche Bank Trust Company Americas, as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of SLM Funding LLC (the “Seller”) and the Seller hereby offer for sale to each of Deutsche Bank Trust Company Americas, as the Eligible Lender Trustee on behalf of SLM Student Loan Trust 2014-1 (the “Purchaser”) and the Purchaser, the entire right, title and interest of the Seller and the Interim Eligible Lender Trustee in the Loans described in the ▇▇▇▇ of Sale and Loan Transmittal Summary Form incorporated herein and, to the extent indicated below, the Purchaser and the Eligible Lender Trustee on behalf of the Purchaser accepts the Seller’s and the Interim Eligible Lender Trustee’s offer. In order to qualify as Eligible Loans, no payment of principal of or interest on any such Loans shall be more than two hundred and ten (210) days past due as of the Statistical Cutoff Date.

SLM STUDENT LOAN TRUST. 20142006-1 2 (Purchaser) By: Deutsche by Chase Bank Trust Company AmericasUSA, National Association, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ By: Name: Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Title: Vice President CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Interim Eligible Lender Trustee CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee By: By: Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President DEUTSCHE BANK TRUST COMPANY AMERICASTitle: Vice President Sale Agreement Chase Bank USA, not in its individual capacity but solely National Association as Interim Eligible Lender Trustee DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President Pursuant to the Master Sale Terms (as defined below), each of Deutsche Bank Trust Company Americas, as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of SLM Funding LLC (the “Seller”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Initial ▇▇▇▇ of Sale dated the date hereof executed by the Seller and the Interim Eligible Lender Trustee for the benefit of the Seller hereby offer for sale to each in favor of Deutsche Chase Bank Trust Company AmericasUSA, National Association as the Eligible Lender Trustee on behalf of SLM Student Loan Trust 20142006-1 2 (the “Purchaser”) ). This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Sale Terms referred to in the Initial Sale Agreement among the Seller, the Purchaser, the entire rightInterim Eligible Lender Trustee, title and interest the Eligible Lender Trustee which covers this promissory note. This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Seller and Notes. Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of the Seller agrees to individually endorse each Note in the Loans described in the ▇▇▇▇ of Sale and Loan Transmittal Summary Form incorporated herein and, to the extent indicated below, form provided by the Purchaser and as the Eligible Lender Trustee on behalf Purchaser may from time to time require or if such individual endorsement is required by the Guarantor of the Purchaser accepts the Seller’s and the Interim Eligible Lender Trustee’s offerNote. In order to qualify as Eligible Loans, no payment of principal of or interest on any such Loans shall be more than two hundred and ten (210) days past due as of the Statistical Cutoff Date.Sale Agreement

SLM STUDENT LOAN TRUST. 20142005-1 6 (Purchaser) By: Deutsche by Chase Bank Trust Company AmericasUSA, National Association, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇ ▇. ▇▇▇▇ By: Name: ▇▇▇▇ ▇. ▇▇▇▇ Name: Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President DEUTSCHE CHASE BANK TRUST COMPANY AMERICASUSA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Interim Eligible Lender Trustee DEUTSCHE CHASE BANK TRUST COMPANY AMERICASUSA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ By: Name: ▇▇▇▇▇▇▇ H.Y. Voon Name: Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President Pursuant to the Master Sale Terms (as defined below)Chase Bank USA, each of Deutsche Bank Trust Company Americas, National Association as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of SLM Funding LLC (the “Seller”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Initial ▇▇▇▇ of Sale dated the date hereof executed by the Seller and the Interim Eligible Lender Trustee for the benefit of the Seller hereby offer for sale to each in favor of Deutsche Chase Bank Trust Company AmericasUSA, National Association as the Eligible Lender Trustee on behalf of SLM Student Loan Trust 20142005-1 6 (the “Purchaser”) ). This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Sale Terms referred to in the Initial Sale Agreement among the Seller, the Purchaser, the entire rightInterim Eligible Lender Trustee, title and interest the Eligible Lender Trustee which covers this promissory note. This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Seller and Notes. Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of the Seller agrees to individually endorse each Note in the Loans described in the ▇▇▇▇ of Sale and Loan Transmittal Summary Form incorporated herein and, to the extent indicated below, form provided by the Purchaser and as the Eligible Lender Trustee on behalf Purchaser may from time to time require or if such individual endorsement is required by the Guarantor of the Purchaser accepts the Seller’s and the Interim Eligible Lender Trustee’s offer. In order to qualify as Eligible Loans, no payment of principal of or interest on any such Loans shall be more than two hundred and ten (210) days past due as of the Statistical Cutoff DateNote.

SLM STUDENT LOAN TRUST. 20142005-1 5 (Purchaser) By: Deutsche by Chase Bank Trust Company AmericasUSA, National Association, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇ ▇. ▇▇▇▇ By: Name: ▇▇▇▇ ▇. ▇▇▇▇ Name: Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President DEUTSCHE CHASE BANK TRUST COMPANY AMERICASUSA, NATIONAL ASSOCIATION, CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Interim Eligible Lender Trustee DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ By: Name: ▇▇▇▇▇▇▇ H.Y. Voon Name: Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President Pursuant to the Master Sale Terms (as defined below)Chase Bank USA, each of Deutsche Bank Trust Company Americas, National Association as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of SLM Funding LLC (the “Seller”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Initial ▇▇▇▇ of Sale dated the date hereof executed by the Seller and the Interim Eligible Lender Trustee for the benefit of the Seller hereby offer for sale to each in favor of Deutsche Chase Bank Trust Company AmericasUSA, National Association as the Eligible Lender Trustee on behalf of SLM Student Loan Trust 20142005-1 5 (the “Purchaser”) ). This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Sale Terms referred to in the Initial Sale Agreement among the Seller, the Purchaser, the entire rightInterim Eligible Lender Trustee, title and interest the Eligible Lender Trustee which covers this promissory note. This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Seller and Notes. Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of the Seller agrees to individually endorse each Note in the Loans described in the ▇▇▇▇ of Sale and Loan Transmittal Summary Form incorporated herein and, to the extent indicated below, form provided by the Purchaser and as the Eligible Lender Trustee on behalf Purchaser may from time to time require or if such individual endorsement is required by the Guarantor of the Purchaser accepts the Seller’s and the Interim Eligible Lender Trustee’s offer. In order to qualify as Eligible Loans, no payment of principal of or interest on any such Loans shall be more than two hundred and ten (210) days past due as of the Statistical Cutoff DateNote.

SLM STUDENT LOAN TRUST. 20142006-1 7 (Purchaser) By: Deutsche by Chase Bank Trust Company AmericasUSA, National Association, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇. ▇▇▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Vice President DEUTSCHE Title: Vice President CHASE BANK TRUST COMPANY AMERICASUSA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Interim Eligible Lender Trustee DEUTSCHE CHASE BANK TRUST COMPANY AMERICASUSA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇. ▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇. ▇▇▇▇▇▇ Title: Vice President Pursuant to the Master Sale Terms (as defined below)Title: Vice President Chase Bank USA, each of Deutsche Bank Trust Company Americas, National Association as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of SLM Funding LLC (the “Seller”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Initial ▇▇▇▇ of Sale dated the date hereof executed by the Seller and the Interim Eligible Lender Trustee for the benefit of the Seller hereby offer for sale to each in favor of Deutsche Chase Bank Trust Company AmericasUSA, National Association as the Eligible Lender Trustee on behalf of SLM Student Loan Trust 20142006-1 7 (the “Purchaser”) ). This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Sale Terms referred to in the Initial Sale Agreement among the Seller, the Purchaser, the entire rightInterim Eligible Lender Trustee, title and interest the Eligible Lender Trustee which covers this promissory note. This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Seller and Notes. Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of the Seller agrees to individually endorse each Note in the Loans described in the ▇▇▇▇ of Sale and Loan Transmittal Summary Form incorporated herein and, to the extent indicated below, form provided by the Purchaser and as the Eligible Lender Trustee on behalf Purchaser may from time to time require or if such individual endorsement is required by the Guarantor of the Purchaser accepts the Seller’s and the Interim Eligible Lender Trustee’s offerNote. In order to qualify as Eligible Loans, no payment of principal of or interest on any such Loans shall be more than two hundred and ten (210) days past due as of the Statistical Cutoff Date.Sale Agreement -1-

SLM STUDENT LOAN TRUST. 2014-1 (Purchaser) By: by Deutsche Bank Trust Company Americas, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ H.Y. Voon Name: ▇▇▇▇▇▇▇ H.Y. Voon ▇.▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Interim Eligible Lender Trustee DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ H.Y. Voon Name: ▇▇▇▇▇▇▇ H.Y. Voon ▇.▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ H.Y. Voon Name: ▇▇▇▇▇▇▇ H.Y. Voon ▇.▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President Pursuant to the Master Sale Terms (as defined below), each of Deutsche Bank Trust Company Americas, as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of SLM Funding LLC (the “Seller”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Initial ▇▇▇▇ of Sale dated the date hereof executed by the Seller and the Interim Eligible Lender Trustee for the benefit of the Seller hereby offer for sale to each in favor of Deutsche Bank Trust Company Americas, as the Eligible Lender Trustee on behalf of SLM Student Loan Trust 2014-1 (the “Purchaser”) ), and the Purchaser. This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Sale Terms referred to in the Initial Sale Agreement among the Seller, the Purchaser, the entire rightInterim Eligible Lender Trustee, title and interest the Eligible Lender Trustee which covers this promissory note. This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Seller and Notes. Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of the Seller agrees to individually endorse each Note in the Loans described in the ▇▇▇▇ of Sale and Loan Transmittal Summary Form incorporated herein and, to the extent indicated below, form provided by the Purchaser and as the Eligible Lender Trustee on behalf Purchaser may from time to time require or if such individual endorsement is required by the Guarantor of the Purchaser accepts the Seller’s and the Interim Eligible Lender Trustee’s offer. In order to qualify as Eligible Loans, no payment of principal of or interest on any such Loans shall be more than two hundred and ten (210) days past due as of the Statistical Cutoff DateNote.

SLM STUDENT LOAN TRUST. 20142005-1 10 (Purchaser) By: Deutsche by Chase Bank Trust Company AmericasUSA, National Association, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ By: Name: Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Title: Vice President CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Interim Eligible Lender Trustee CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee By: By: Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President DEUTSCHE BANK TRUST COMPANY AMERICASTitle: Vice President Chase Bank USA, not in its individual capacity but solely National Association as Interim Eligible Lender Trustee DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President Pursuant to the Master Sale Terms (as defined below), each of Deutsche Bank Trust Company Americas, as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of SLM Funding LLC (the “Seller”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Initial ▇▇▇▇ of Sale dated the date hereof executed by the Seller and the Interim Eligible Lender Trustee for the benefit of the Seller hereby offer for sale to each in favor of Deutsche Chase Bank Trust Company AmericasUSA, National Association as the Eligible Lender Trustee on behalf of SLM Student Loan Trust 20142005-1 10 (the “Purchaser”) ). This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Sale Terms referred to in the Initial Sale Agreement among the Seller, the Purchaser, the entire rightInterim Eligible Lender Trustee, title and interest the Eligible Lender Trustee which covers this promissory note. This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Seller and Notes. Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of the Seller agrees to individually endorse each Note in the Loans described in the ▇▇▇▇ of Sale and Loan Transmittal Summary Form incorporated herein and, to the extent indicated below, form provided by the Purchaser and as the Eligible Lender Trustee on behalf Purchaser may from time to time require or if such individual endorsement is required by the Guarantor of the Purchaser accepts the Seller’s and the Interim Eligible Lender Trustee’s offer. In order to qualify as Eligible Loans, no payment of principal of or interest on any such Loans shall be more than two hundred and ten (210) days past due as of the Statistical Cutoff DateNote.

SLM STUDENT LOAN TRUST. 20142006-1 5 (Purchaser) By: Deutsche by Chase Bank Trust Company AmericasUSA, National Association, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇ ▇. ▇▇▇▇ By: Name: ▇▇▇▇ ▇. ▇▇▇▇ Name: Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President DEUTSCHE CHASE BANK TRUST COMPANY AMERICASUSA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Interim Eligible Lender Trustee DEUTSCHE CHASE BANK TRUST COMPANY AMERICASUSA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ By: Name: ▇▇▇▇▇▇▇ H.Y. Voon Name: Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ Name: ▇▇▇▇▇▇▇ H.Y. Voon Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President Pursuant to the Master Sale Terms (as defined below)Chase Bank USA, each of Deutsche Bank Trust Company Americas, National Association as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of SLM Funding LLC (the “Seller”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Initial ▇▇▇▇ of Sale dated the date hereof executed by the Seller and the Interim Eligible Lender Trustee for the benefit of the Seller hereby offer for sale to each in favor of Deutsche Chase Bank Trust Company AmericasUSA, National Association as the Eligible Lender Trustee on behalf of SLM Student Loan Trust 20142006-1 5 (the “Purchaser”) ). This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Sale Terms referred to in the Initial Sale Agreement among the Seller, the Purchaser, the entire rightInterim Eligible Lender Trustee, title and interest the Eligible Lender Trustee which covers this promissory note. This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Seller and Notes. Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of the Seller agrees to individually endorse each Note in the Loans described in the ▇▇▇▇ of Sale and Loan Transmittal Summary Form incorporated herein and, to the extent indicated below, form provided by the Purchaser and as the Eligible Lender Trustee on behalf Purchaser may from time to time require or if such individual endorsement is required by the Guarantor of the Purchaser accepts the Seller’s and the Interim Eligible Lender Trustee’s offer. In order to qualify as Eligible Loans, no payment of principal of or interest on any such Loans shall be more than two hundred and ten (210) days past due as of the Statistical Cutoff DateNote.

SLM STUDENT LOAN TRUST. 2014-1 2 (Purchaser) By: by Deutsche Bank Trust Company Americas, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ H.Y. Voon Name: ▇▇▇▇▇▇▇ H.Y. Voon ▇.▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Interim Eligible Lender Trustee DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Eligible Lender Trustee By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ H.Y. Voon Name: ▇▇▇▇▇▇▇ H.Y. Voon ▇.▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇ H.Y. Voon Name: ▇▇▇▇▇▇▇ H.Y. Voon ▇.▇. ▇▇▇▇ Title: Vice President By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Vice President Pursuant to the Master Sale Terms (as defined below), each of Deutsche ▇▇▇▇▇▇▇▇ Bank Trust Company Americas, as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of SLM Funding LLC (the “Seller”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Initial ▇▇▇▇ of Sale dated the date hereof executed by the Seller and the Interim Eligible Lender Trustee for the benefit of the Seller hereby offer for sale to each in favor of Deutsche Bank Trust Company Americas, as the Eligible Lender Trustee on behalf of SLM Student Loan Trust 2014-1 2 (the “Purchaser”) ), and the Purchaser. This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Sale Terms referred to in the Initial Sale Agreement among the Seller, the Purchaser, the entire rightInterim Eligible Lender Trustee, title and interest the Eligible Lender Trustee which covers this promissory note. This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Seller and Notes. Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of the Seller agrees to individually endorse each Note in the Loans described in the ▇▇▇▇ of Sale and Loan Transmittal Summary Form incorporated herein and, to the extent indicated below, form provided by the Purchaser and as the Eligible Lender Trustee on behalf Purchaser may from time to time require or if such individual endorsement is required by the Guarantor of the Purchaser accepts the Seller’s and the Interim Eligible Lender Trustee’s offer. In order to qualify as Eligible Loans, no payment of principal of or interest on any such Loans shall be more than two hundred and ten (210) days past due as of the Statistical Cutoff DateNote.