Common use of Supplements and Amendments to Prospectus Clause in Contracts

Supplements and Amendments to Prospectus. If at any time during the term of this Broker-Dealer Agreement any event or condition known to the Corporation relating to or affecting the Issuer or its properties, the Bonds, the Indenture, or the documents or transactions contemplated thereby, shall occur which, in the reasonable judgment of the Corporation or the Broker-Dealer, might affect the accuracy, correctness or completeness of any statement of a material fact contained in the Prospectus, as it shall have been supplemented or amended from time to time pursuant to this Section or included in any report or notice filed by the Issuer (each, a “Disclosure Statement”) pursuant to the undertaking entered into by the Issuer pursuant to the requirements of Rule 15c2-12 of the Securities and Exchange Commission (the “Continuing Disclosure Undertaking”) which in the reasonable judgment of the Corporation, or BD might result in the Prospectus, as so supplemented or amended, containing any untrue, incorrect or misleading statement of material fact or omitting to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading, then:

Appears in 8 contracts

Samples: Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-3), Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-3), Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-3)

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