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 SLM ECFC, or permitting the substitution of Loans, subject to any special programs. If required, SLM ECFC 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.

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 SLM ECFC, or permitting the substitution of Loans, at all times subject to the terms and conditions of Section 3.12 of the Servicing Agreement. SLM ECFC is selling Loans to Funding without regard to the effect of any special programs. If required, SLM ECFC 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.

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 SLM ECFC, or permitting the substitution of Loans, at all times subject to the terms and conditions of Section 3.12 of the Servicing Agreement. [SLM ECFC or VG Funding] is selling Loans to Funding without regard to the effect of any special programs. If required, [SLM ECFC or VG 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.