Special Allocation of Loss Attributable to Note Defaults on XXXX Guaranteed Loans. To the extent of any positive balance in TERI’s Capital Account as an Owner, XXXX shall be specially allocated all Losses for such Fiscal Year resulting from defaults, as determined pursuant to the XXXX Guaranty Agreements, on the XXXX Guaranteed Loans owned by the Trust to the extent that the Trust is not reimbursed for such Losses by XXXX as a guaranty payment pursuant to the XXXX Guaranty Agreements.
Appears in 8 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
Special Allocation of Loss Attributable to Note Defaults on XXXX Guaranteed Loans. To the extent of any positive balance in TERI’s 's Capital Account as an Owner, XXXX shall be specially allocated all Losses for such Fiscal Year resulting from defaults, as determined pursuant to the XXXX Guaranty Agreements, on the XXXX Guaranteed Loans owned by the Trust to the extent that the Trust is not reimbursed for such Losses by XXXX as a guaranty payment pursuant to the XXXX Guaranty Agreements.
Appears in 3 contracts
Samples: Trust Agreement (National Collegiate Student Loan Trust 2004-1), Trust Agreement (National Collegiate Student Loan Trust 2005-1), Trust Agreement (National Collegiate Funding LLC)
Special Allocation of Loss Attributable to Note Defaults on XXXX Guaranteed Loans. To the extent of any positive balance in TERI’s 's Capital Account as an Owner, XXXX shall be specially allocated all Losses for such Fiscal Year resulting from defaults, as determined pursuant to the XXXX Guaranty Agreements, on the XXXX Guaranteed Loans owned by the Trust to the extent that the Trust is not reimbursed for such Losses by XXXX as a guaranty payment pursuant to the XXXX Guaranty Agreements.
Appears in 1 contract
Samples: Trust Agreement (National Collegiate Student Loan Trust 2007-2)
Special Allocation of Loss Attributable to Note Defaults on XXXX Guaranteed Loans. To the extent of any positive balance in TERI’s Capital Account as an Owner, XXXX shall be specially allocated all Losses for such Fiscal Year resulting from defaults, as determined pursuant to the XXXX Guaranty Agreements, on the XXXX Guaranteed Loans owned by the Trust to the extent that the Trust is not reimbursed for such Losses by XXXX as a guaranty payment pursuant to the XXXX Guaranty Agreements.
Appears in 1 contract
Samples: Trust Agreement (National Collegiate Student Loan Trust 2005-2)
