Common use of Special Programs Clause in Contracts

Special Programs. In consideration of the sale or substitution of the Eligible Loans under these Master Terms and each Purchase Agreement, Funding agrees to cause the Servicer to offer each Borrower of a Trust Student Loan sold or substituted hereunder and to keep in effect all special programs, whether or not in existence as of the date of any related Purchase Agreement, generally offered to the obligors of comparable loans owned by SLM Corporation or any of its Affiliates. Funding is purchasing Loans from Town Center Funding, or permitting the substitution of Loans, subject to any special programs. If required, Town Center Funding shall remit to Funding any amounts necessary to offset any effective yield reductions on related Trust Student Loans as set forth in Section 3.12 of the Servicing Agreement.

Appears in 14 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2012-7), Additional Purchase Agreement (SLM Student Loan Trust 2012-6), Additional Purchase Agreement (SLM Student Loan Trust 2012-5)

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Special Programs. In consideration of the sale or substitution of the Eligible Loans under these Master Terms and each Purchase Agreement, Funding agrees to cause the Servicer to offer each Borrower of a Trust Student Loan sold or substituted hereunder and to keep in effect all special programs, whether or not in existence as of the date of any related Purchase Agreement, generally offered to the obligors of comparable loans owned by SLM Corporation or any of its Affiliates. Funding is purchasing Loans from Town Center Hall Funding, or permitting the substitution of Loans, subject to any special programs. If required, Town Center Hall Funding shall remit to Funding any amounts necessary to offset any effective yield reductions on related Trust Student Loans as set forth in Section 3.12 of the Servicing Agreement.

Appears in 14 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2012-7), Additional Purchase Agreement (SLM Student Loan Trust 2012-6), Additional Purchase Agreement (SLM Student Loan Trust 2012-5)

Special Programs. In consideration of the sale or substitution of the Eligible Loans under these Master Terms and each Purchase Agreement, Funding agrees to cause the Servicer to offer each Borrower of a Trust Student Loan sold or substituted hereunder and to keep in effect all special programs, whether or not in existence as of the date of any related Purchase Agreement, generally offered to the obligors of comparable loans owned by SLM Corporation or any of its Affiliates. Funding is purchasing Loans from Town Center Funding, or permitting the substitution of Loans, subject to any special programs. If required, Town Center Funding shall remit to Funding any amounts necessary to offset any effective yield reductions on related Trust Student Loans as set forth in Section 3.12 of the Servicing Agreement.. Purchase Agreement – Master (TOWN CENTER FUNDING)

Appears in 4 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2008-8), Additional Purchase Agreement (SLM Student Loan Trust 2008-4), Additional Purchase Agreement (SLM Student Loan Trust 2008-5)

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Special Programs. In consideration of the sale or substitution of the Eligible Loans under these Master Terms and each Purchase Agreement, Funding agrees to cause the Servicer to offer each Borrower of a Trust Student Loan sold or substituted hereunder and to keep in effect all special programs, whether or not in existence as of the date of any related Purchase Agreement, generally offered to the obligors of comparable loans owned by SLM Corporation or any of its Affiliates. Funding is purchasing Loans from Town Center Hall Funding, or permitting the substitution of Loans, subject to any special programs. If required, Town Center Hall Funding shall remit to Funding any amounts necessary to offset any effective yield reductions on related Trust Student Loans as set forth in Section 3.12 of the Servicing Agreement.. Purchase Agreement – Master (TOWN HALL FUNDING)

Appears in 4 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2008-5), Additional Purchase Agreement (SLM Student Loan Trust 2008-6), Additional Purchase Agreement (SLM Student Loan Trust 2008-4)

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