Student Loan Reporting Clause Samples

Student Loan Reporting. (i) As soon as available, and in any event within forty-five (45) days after the end of each of the quarters of each fiscal year of Borrowers, a report on Borrowers' and the Subsidiaries' student loan portfolio, which shall include an identification of each type of student loan outstanding, the performance of each such student loan and the default rates applicable thereto; and (ii) Promptly upon the receipt thereof, and in any event on at least an annual basis, the audited financial statements, the SAS 70 report provided to either Borrower or any Subsidiary by the servicers (who are not a Subsidiary) of the student loans of either Borrower or any Subsidiary and such other information and reports as the Bank may request to determine compliance with Section 7.12; and