Common use of Statements to Excess Distribution Certificateholders and Noteholders Clause in Contracts

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each Excess Distribution Certificateholder of record, a statement, setting forth at least the following information as to the Notes and the Excess Distribution Certificate to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the Accumulation Account); (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution Certificate, if any; (d) [Reserved]; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, the Note Pool Factor, and as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each class of Notes (identifying separately any applicable Index); (h) the amount of the Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the Reset Rate Notes: (i) the next Reset Date and Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the Accumulation Account, the Supplemental Interest Account, the Investment Premium Purchase Account, the Investment Reserve Account and Other Currency Account, if applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator; (k) the amount of the aggregate Realized Losses, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (l) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (m) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased by the Depositor or purchased by the Servicer or SLMA from the Issuer in such Collection Period; (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; and (q) the amount on deposit, if any, in the Investment Reserve Account and the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible Investments. Each amount set forth pursuant to clauses (a), (b), (c), (f), (h), (i), (j)(iii), (j)(iv), (k) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. Dollars, or if the Notes are then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Note. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each Excess Distribution Certificateholder of record, a statement, setting forth at least the following information as to the Notes and the Excess Distribution Certificate to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the Accumulation Account); (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution Certificate, if any; (d) [Reserved]; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, the Note Pool Factor, and as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each class of Notes (identifying separately any applicable Index); (h) the amount of the Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the Reset Rate Notes: (i) the next Reset Date and Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the Accumulation Account, the Supplemental Interest Account, the Investment Premium Purchase Account, the Investment Reserve Account, Pounds Sterling Account and Other Currency Account, if applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator; (k) the amount of the aggregate Realized Losses, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (l) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (m) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased by the Depositor or purchased by the Servicer or SLMA Xxxxxx Xxx from the Issuer in such Collection Period; (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; and (q) the amount on deposit, if any, in the Investment Reserve Account and the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible Investments. Each amount set forth pursuant to clauses (a), (b), (c), (f), (h), (i), (j)(iii), (j)(iv), (k) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. Dollars, or if the Notes are then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Note. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each Excess Distribution Certificateholder of record, a statement, setting forth at least the following information as to the Notes and the Excess Distribution Certificate to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the Accumulation Account); (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution Certificate, if any; (d) [Reserved]; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, the Note Pool Factor, and as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each class of Notes (identifying separately any applicable Index); (h) the amount of the Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the Reset Rate Notes: (i) the next Reset Date and Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the Accumulation Account, the Supplemental Interest Account, the Investment Premium Purchase Account, the Investment Reserve Account and Other Currency Account, if applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator; (k) the amount of the aggregate Realized Losses, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (l) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (m) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased by the Depositor or purchased by the Servicer Servicer, SLM ECFC or SLMA VG Funding from the Issuer in such Collection Period; (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; and (q) the amount on deposit, if any, in the Investment Reserve Account and the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible Investments. Each amount set forth pursuant to clauses (a), (b), (c), (f), (h), (i), (j)(iii), (j)(iv), (k) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. Dollars, or if the Notes are then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Note. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each Excess Distribution Certificateholder of record, a statement, setting forth at least the following information as to the Notes and the Excess Distribution Certificate to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the Accumulation Account); (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution Certificate, if any; (d) [Reserved]; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, the Note Pool Factor, and as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each class of Notes (identifying separately any applicable Index); (h) the amount of the Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the Class A-5 Notes: (1) the amount on deposit in the Euro Account with respect to the Class A-5 Notes; (2) the interest rate and amount due to the Class A-5 Swap Counterparty; and (3) any other relevant information as determined by the Administrator; and with respect to the Reset Rate Notes: (i) the next Reset Date and Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the Accumulation Account, the Supplemental Interest Account, the Investment Premium Purchase Account, the Investment Reserve Account and the Euro Account with respect to the Reset Rate Notes or the Other Currency Account, if as applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator; (k) the amount of the aggregate Realized Losses, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (l) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (m) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased by the Depositor or purchased by the Servicer Servicer, SLMA or SLMA SLM ELC from the Issuer in such Collection Period; (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; and (q) the amount on deposit, if any, in the Investment Reserve Account and the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible Investments. Each amount set forth pursuant to clauses (a), (b), (c), (f), (h), (i), (j)(iii), (j)(iv), (k) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. Dollars, or if the Notes are then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Note. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee Trustee, the Paying Agent and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each the Excess Distribution Certificateholder Certificateholders of record, record a statement, setting forth at least the following information as to the Notes and the Excess Distribution Certificate Certificates to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the Accumulation Account)Notes; (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution CertificateCertificates, if any; (d) [Reserved]; (e) the Pool Balance as of the close of business on the first day and the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, Notes and the Note Pool Factor, and Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each class of Notes (identifying separately any applicable Index)Notes; (h) the amount of the Master Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the Reset Rate Notes: (i) the next Reset Date and Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the Accumulation Account, the Supplemental Interest Account, the Investment Premium Purchase Account, the Investment Reserve Account and Other Currency Account, if applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator[Reserved]; (k) the amount of the aggregate Realized Losses, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (l) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (m) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased reacquired by the Depositor or purchased by the Servicer Master Servicer, WEF or SLMA Wachovia Bank from the Issuer in during such Collection Period; (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; (p) [Reserved]; and (q) with respect to the amount on depositDistribution Date immediately following the end of the Consolidation Loan Add-On Period, the aggregate initial principal balance of Add-On Consolidation Loans, plus accrued and unpaid interest, if any, in added during the Investment Reserve Consolidation Loan Add-On Period, and any remaining amounts transferred from the Add-On Consolidation Loan Account and to the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible InvestmentsCollection Account. Each amount set forth pursuant to clauses (a), (b), (c), (f), (h), (i), (j)(iii), (j)(iv), (k) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. Dollars, or if the Notes are then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Note. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or any Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each Excess Distribution Certificateholder of record, a statement, setting forth at least the following information as to the Notes and the Excess Distribution Certificate to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the an Accumulation Account); (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution Certificate, if any; (d) [Reserved]; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, the Note Pool Factor, and as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each class of Notes (identifying separately any applicable Index); (h) the amount of the Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the each class of Reset Rate Notes: (i) the next related Reset Date and the related Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the related Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the related Accumulation Account, the related Supplemental Interest Account, the related Investment Premium Purchase Account, the related Investment Reserve Account and the Pounds Sterling Account or the Other Currency Account, if as applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator; (k) the amount of the aggregate Realized Losses, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (l) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (m) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased by the Depositor or purchased by the Servicer Servicer, SLMA or SLMA SLM ELC from the Issuer in such Collection Period; (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; and (q) the amount on deposit, if any, in the Investment Reserve Account and the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible Investments. Each amount set forth pursuant to clauses (a), (b), (c), (f), (h), (i), (j)(iii), (j)(iv), (k) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. Dollars, or if the any class of Reset Rate Notes are is then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Note. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each the Excess Distribution Certificateholder Certificateholders of record, record a statement, setting forth at least the following information with respect to such Distribution Date as to the Notes and the Excess Distribution Certificate Certificates to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the Accumulation Account)Notes; (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution Certificate, if anyCertificates; (d) [Reserved]the amount of Swap Payments payable by the Issuer to the applicable Swap Counterparty, the amount payable by the Swap Counterparties to the Issuer and the amount of Swap Termination Payments payable by either the Issuer or a Swap Counterparty; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, the Note Pool Factor, and as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each any class of Notes (identifying separately any applicable Index)Notes; (h) the amount of the Primary Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the Reset Rate Notes: (i) the next Reset Date and Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the Accumulation Account, the Supplemental Interest Account, the Investment Premium Purchase Account, the Investment Reserve Account and Other Currency Account, if applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator; (k) the amount of the aggregate Realized Lossesprincipal balances of Trust Student Loans that became Charged-Off Loans, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (lk) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (ml) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased by the Depositor or the Sellers or purchased by the Servicer or SLMA from the Issuer in such Collection Period; (m) whether the Cumulative Realized Loss Test is satisfied on such Distribution Date; and (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, Cash Capitalization Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; and (q) the amount on deposit, if any, in the Investment Reserve Account and the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible Investments. Each amount set forth pursuant to clauses (a), (b), (c), (f), (he), (i), (j)(iii), (j)(iv), (kj) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. DollarsCertificate or Note, or if the Notes are then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Noteapplicable. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or any Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each Excess Distribution Certificateholder of record, record a statement, setting forth at least the following information as to the Notes and the Excess Distribution Certificate to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the any Accumulation AccountAccounts); (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution Certificate, if any; (d) [Reserved]; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, the Note Pool Factor, and as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each class of Notes (identifying separately any applicable Index); (h) the amount of the Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the Reset Rate Notes: (i) the next related Reset Date and Reset PeriodPeriod for each class; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the each Accumulation Account, the each Supplemental Interest Account, the Investment Premium Purchase Account, Account and the Investment Reserve Account and Other Currency Account, if applicable; (iviii) the interest rate and amount due to each any Interest Rate Swap Counterparty, if applicable; (viv) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (viv) any other relevant information as determined by the Administrator; (k) the amount of the aggregate Realized Losses, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (l) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (m) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased by the Depositor or purchased by the Servicer or SLMA Xxxxxx Xxx from the Issuer in such Collection Period; (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Swap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; and (q) the amount on deposit, if any, in the Investment Reserve Account and the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible Investments. Each amount set forth pursuant to clauses (a), (b), (c), (f), (h), (i), (j)(iiij(ii), (j)(ivj(iii), (kk(iv) and (l) l above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. Dollars, or if the Notes are then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Note. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee Trustee, the Paying Agent and the Eligible Lender Trustee Excess Distribution Certificate Paying Agent (with a copy to the Rating Agencies) for the Indenture Trustee Paying Agent to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee Excess Distribution Certificate Paying Agent to forward on such succeeding Distribution Date to each the Excess Distribution Certificateholder Certificateholders of record, record a statement, setting forth at least the following information as to the Notes and the Excess Distribution Certificate Certificates to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the Accumulation Account)Notes; (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution CertificateCertificates, if any; (d) [Reserved]; (e) the Pool Balance as of the close of business on the first day and the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, Notes and the Note Pool Factor, and Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each class of Notes (identifying separately any applicable Index)Notes; (h) the amount of the Servicing Fee and any Carryover Master Servicing Fee paid to the Master Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution DateDate and on the two preceding Monthly Payment Dates; (j) with respect to the Reset Rate Notes: (i) the next Reset Date amount of fees and Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be expenses paid to the Reset Rate NoteholdersIndenture Trustee and the Eligible Lender Trustee, if other than quarterly; (iii) the amount on deposit in the Accumulation Accountrespectively, the Supplemental Interest Account, the Investment Premium Purchase Account, the Investment Reserve Account and Other Currency Account, if applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator; (k) the amount of the aggregate Realized Losses, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (l) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (m) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased reacquired by the Depositor or purchased by the Servicer Master Servicer, WEF or SLMA Wachovia Bank from the Issuer in during such Collection Period; (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; (p) [Reserved]; and (q) with respect to the amount on depositDistribution Date immediately following the end of the Consolidation Loan Add-On Period, the aggregate initial principal balance of Add-On Consolidation Loans, plus accrued and unpaid interest, if any, in added during the Investment Reserve Consolidation Loan Add-On Period, and any remaining amounts transferred from the Add-On Consolidation Loan Account and to the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible InvestmentsCollection Account. Each amount set forth pursuant to clauses (a), (b), (c), (f), (h), (i), (j)(iii), (j)(iv), (k) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. Dollars, or if the Notes are then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Note. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or any Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each the Excess Distribution Certificateholder Certificateholders of record, a statement, statement setting forth at least the following information with respect to such Distribution Date as to the Notes and the Excess Distribution Certificate Certificates to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the Accumulation Account)Notes; (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution Certificate, if anyCertificates; (d) [Reserved]the amount of Swap Payments payable by the Issuer to the applicable Swap Counterparty, the amount payable by the Swap Counterparties to the Issuer and the amount of Swap Termination Payments payable by either the Issuer or the Swap Counterparties; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, the Note Pool Factor, and as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each any class of Notes (identifying separately any applicable Index)Notes; (h) the amount of the Primary Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the Reset Rate Notes: (i) the next Reset Date and Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the Accumulation Account, the Supplemental Interest Account, the Investment Premium Purchase Account, the Investment Reserve Account and Other Currency Account, if applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator; (k) the amount of the aggregate Realized Lossesprincipal balances of Trust Student Loans that became Charged-Off Loans, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (lk) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (ml) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased by the Depositor or the Sellers or purchased by the Servicer or SLMA from the Issuer in such Collection Period; (m) whether the Cumulative Realized Loss Test is satisfied on such Distribution Date; and (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, Cash Capitalization Account on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; and (q) the amount on deposit, if any, in the Investment Reserve Account and the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible Investments. Each amount set forth pursuant to clauses (a), (b), (c), (f), (he), (i), (j)(iii), (j)(iv), (kj) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. DollarsCertificate or Note, or if the Notes are then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Noteapplicable. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or any Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.

Statements to Excess Distribution Certificateholders and Noteholders. On each Determination Date preceding a Distribution Date, the Administrator shall provide to the Indenture Trustee and the Eligible Lender Trustee (with a copy to the Rating Agencies) for the Indenture Trustee to forward on such succeeding Distribution Date to each Noteholder of record and for the Eligible Lender Trustee to forward on such succeeding Distribution Date to each Excess Distribution Certificateholder of record, record a statement, setting forth at least the following information as to the Notes and the Excess Distribution Certificate to the extent applicable: (a) the amount of such distribution allocable to principal of each class of the Notes (including amounts deposited into the Accumulation Account)Notes; (b) the amount of the distribution allocable to interest on each class of the Notes; (c) the amount of the distribution allocable to the Excess Distribution Certificate, if any; (d) [Reserved]; (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (f) the aggregate outstanding principal balance of the Notes, the Note Pool Factor, and as of such Distribution Date, after giving effect to payments allocated to principal reported under clauses (a) and (c) above; (g) the Note Rate for the next period for each any class of Notes (identifying separately any applicable Index)Notes; (h) the amount of the Servicing Fee and any Carryover Servicing Fee paid to the Servicer on such Distribution Date and on the two preceding Monthly Servicing Payment Dates, and the amount, if any, of the Carryover Servicing Fee remaining unpaid after giving effect to any such payments; (i) the amount of the Administration Fee paid to the Administrator on such Distribution Date; (j) with respect to the Reset Rate Notes: (i) the next Reset Date and Reset Period; (ii) if in Foreign Exchange Mode, the next Distribution Date on which interest will be paid to the Reset Rate Noteholders, if other than quarterly; (iii) the amount on deposit in the Accumulation Account, the Supplemental Interest Account, the Investment Premium Purchase Account, the Investment Reserve Account and Other Currency Account, if applicable; (iv) the interest rate and amount due to each Swap Counterparty, if applicable; (v) the amount of fees, if any, paid to the Remarketing Agents on such Distribution Date; and (vi) any other relevant information as determined by the Administrator[Reserved]; (k) the amount of the aggregate Realized Losses, if any, for the related Collection Period and the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of such Collection Period; (l) the amount of any Note Interest Shortfall, if any, in each case as applicable to each class of Notes, and the change in such amounts from the preceding statement; (m) the aggregate Purchase Amounts for Trust Student Loans, if any, that were repurchased by the Depositor or purchased by the Servicer or SLMA from the Issuer in such Collection Period;; and (n) the respective balance of the Reserve Account and the Capitalized Interest Account, if any, on such Distribution Date, after giving effect to changes therein on such Distribution Date; (o) the amount received from and paid to each Swap Counterparty and the Interest Rate Cap Counterparty for such Distribution Date and the amount of any Termination Payment made or received by the Trust during the applicable Collection Period. (p) the balance of Trust Student Loans that are delinquent in each delinquency period as of the end of that Collection Period; and (q) the amount on deposit, if any, in the Investment Reserve Account and the Investment Premium Purchase Account and the aggregate amount of any realized losses on Eligible Investments. Each amount set forth pursuant to clauses (a), (b), (c), (f), (h), (i), (j)(iii), (j)(iv), (k) and (l) above shall be expressed as a dollar amount per $1,000 of original principal balance of a Note denominated in U.S. Dollars, or if the a class of Notes are is then denominated in a currency other than U.S. Dollars, expressed as an amount in the applicable currency per the applicable currency equivalent (approximately) of $1,000 of the original principal balance of that Note. A copy of the statements referred to above may be obtained by any Excess Distribution Certificateholder or Note Owner by a written request to the Eligible Lender Trustee or the Indenture Trustee, respectively, addressed to the respective Corporate Trust Office.