SPECIAL PROVISIONS RELATING TO MPN LOANS. (a) The Seller hereby represents and warrants that the Seller is transferring all of its right title and interest in the MPN Loans to the Purchaser, that it has not assigned any interest in such MPN Loans (other than security interests that have been released or ownership interests that the Seller has reacquired) to any person other than the Purchaser, and that no prior holder of the MPN Loans has assigned any interest in such MPN Loans (other than security interests that have been released or ownership interests that such prior holder has reacquired) to any person other than a predecessor in title to the Seller. The Seller hereby covenants that the Seller shall not attempt to transfer to any other person any interest in any MPN Loan assigned hereunder.
Appears in 14 contracts
Samples: Loan Purchase Agreement (Nelnet Inc), Loan Sale and Contribution Agreement (SLC Student Loan Receivables I Inc), Loan Purchase Agreement (Nelnet Student Loan Corp- 2)
SPECIAL PROVISIONS RELATING TO MPN LOANS. (a) The Seller hereby represents and warrants that the Seller is transferring all of its right title and interest in the MPN Loans to the PurchaserCorporation, that it has not assigned any interest in such MPN Loans (other than security interests that have been released or ownership interests that the Seller has reacquired) to any person other than the PurchaserCorporation, and that no prior holder of the MPN Loans has assigned any interest in such MPN Loans (other than security interests that have been released or ownership interests that such prior holder has reacquired) to any person other than a predecessor in title to the Seller. The Seller hereby covenants that the Seller shall not attempt to transfer to any other person any interest in any MPN Loan assigned hereunder.
Appears in 4 contracts
Samples: Loan Purchase Agreement (Nelnet Inc), Loan Purchase Agreement (Nelnet Inc), Loan Purchase Agreement (Nelnet Education Loan Funding Inc)
SPECIAL PROVISIONS RELATING TO MPN LOANS. (a) The Seller hereby represents and warrants that the Seller is transferring all of its right title and interest in the MPN Loans to the Purchaser in Purchaser's individual capacity and not acting by and through the Purchaser Trustee, that it has not assigned any interest in such MPN Loans (other than security interests that have been released or ownership interests that the Seller has reacquired) to any person other than the Purchaser, and that no prior holder of the MPN Loans has assigned any interest in such MPN Loans (other than security interests that have been released or ownership interests that such prior holder has reacquired) to any person other than a predecessor in title to the Seller. The Seller hereby covenants that the Seller shall not attempt to transfer to any other person any interest in any MPN Loan assigned hereunder.
Appears in 2 contracts
Samples: Sale and Contribution Agreement (SLC Student Loan Receivables I Inc), Loan Sale and Contribution Agreement (SLC Student Loan Receivables I Inc)
SPECIAL PROVISIONS RELATING TO MPN LOANS. (a) The Seller hereby represents and warrants that the Seller is transferring all of its right right, title and interest in the MPN Loans to Eligible Lender Trustee acting on behalf of and for the benefit of the Purchaser, that it has not assigned any interest in such MPN Loans (other than security interests that have been released or ownership interests that the Seller has reacquired) to any person other than the Purchaserperson, and that no prior holder of the MPN Loans has assigned any interest in such MPN Loans (other than security interests that have been released or ownership interests that such prior holder has reacquired) to any person other than a predecessor in title to the Seller. The Seller hereby covenants that the Seller shall not attempt to transfer to any other person any interest in any MPN Loan assigned transferred hereunder.
Appears in 1 contract
Samples: Master Loan Sale and Contribution Agreement (Pheaa Student Loan Foundation Inc)