Supplemental Interest Account. (i) On each Distribution Date when amounts are on deposit in the Accumulation Account, the Indenture Trustee, subject to sufficient Available Funds therefor, will deposit into the related Supplemental Interest Account, the related Supplemental Interest Account Deposit Amount for such Distribution Date, pursuant to Section 2.8(g) above. (ii) The Administrator will instruct the Indenture Trustee to withdraw all amounts (including any Investment Earnings) on deposit in the Supplemental Interest Account on each Distribution Date, deposit such amounts into the Collection Account, and include such sums as Available Funds for that Distribution Date.
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Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)
Supplemental Interest Account. (i) On each Distribution Date when amounts are on deposit in the an Accumulation Account, the Indenture Trustee, subject to sufficient Available Funds therefor, will shall deposit into the related Supplemental Interest Account, the related Supplemental Interest Account Deposit Amount for such Distribution Date, pursuant to Section 2.8(g) above.
(ii) The Administrator will shall instruct the Indenture Trustee to withdraw all amounts (including any Investment Earnings) on deposit in the any Supplemental Interest Account on each Distribution Date, deposit such amounts into the Collection Account, and include such sums to be included as Available Funds for that on the next Distribution Date.
Appears in 3 contracts
Samples: Administration Agreement (SLM Student Loan Trust 2005-9), Administration Agreement (SLM Student Loan Trust 2005-7), Administration Agreement (SLM Student Loan Trust 2005-8)
Supplemental Interest Account. (i) On each Distribution Date when amounts are on deposit in the an Accumulation Account, the Indenture Trustee, subject to sufficient Available Funds therefor, will deposit into the related Supplemental Interest Account, the related Supplemental Interest Account Deposit Amount for such Distribution Date, pursuant to Section 2.8(g) above.
(ii) The Administrator will instruct the Indenture Trustee to withdraw all amounts (including any Investment Earnings) on deposit in the any Supplemental Interest Account on each Distribution Date, deposit such amounts into the Collection Account, and include such sums to be included as Available Funds for that on the next Distribution Date.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2005-6)
Supplemental Interest Account. (i) On each Distribution Date when amounts are on deposit in the an Accumulation Account, the Indenture Trustee, subject to sufficient Available Funds therefor, will deposit into the related Supplemental Interest Account, the related Supplemental Interest Account Deposit Amount for such Distribution Date, pursuant to Section 2.8(g) above.
(ii) The Administrator will instruct the Indenture Trustee to withdraw all amounts (including any Investment Earnings) on deposit in the any Supplemental Interest Account on each Distribution Date, deposit such amounts into the Collection Account, and include such sums as Available Funds for that Distribution Date.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2005-5)
Supplemental Interest Account. (i) On each Distribution Date when amounts are on deposit in the an Accumulation Account, the Indenture Trustee, subject to sufficient Available Funds therefor, will deposit into the related Supplemental Interest Account, the related Supplemental Interest Account Deposit Amount for such Distribution Date, pursuant to Section 2.8(g) above.
(ii) The Administrator will instruct the Indenture Trustee to withdraw all amounts (including any Investment Earnings) on deposit in the each Supplemental Interest Account on each Distribution Date, deposit such amounts into the Collection Account, and include such sums as Available Funds for that Distribution Date.
Appears in 1 contract
