Common use of Surplus Subaccount Clause in Contracts

Surplus Subaccount. All amounts transferred to the Acquisition Fund, the Administration Fund, the Reserve Fund, the Interest Account, the Principal Account, the Retirement Account and the Surplus Account from any other Fund or Account pursuant to the requirements of the Indenture with respect to the Series 1999-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 1999-1 Acquisition Account, the Series 1999-1 Administration Account, the Series 1999-1 Reserve Account, the Series 1999-1 Interest Subaccount, the Series 1999-1 Principal Subaccount, the Series 1999-1 Retirement Subaccount or the Series 1999-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 21, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 21 to remedy deficiencies for which Balances of the Fund or Account in which such Account or Subaccount is established are subject to use under the Indenture, or (2) the application of Balances of any Account or Subaccount established by this Section 21 for any purpose for which Balances of the Fund or Account in which such Account or Subaccount is established are authorized to be applied by the Indenture. When there shall be no Series 1999-1 Notes Outstanding, the Series 1999-1 Acquisition Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Acquisition Fund. When there shall be no Series 1999-1 Notes Outstanding, the Series 1999-1 Interest Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Interest Account, the Series 1999-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 1999-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 1999-1 Reserve Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund and the Series 1999-1 Surplus Subaccount shall terminate and any Balance thereof at such time shall be used as other Balances of the Surplus Account.

Surplus Subaccount. All amounts transferred to the Acquisition Fund, the Administration Fund, the Reserve Fund, the Interest Account, the Principal Account, the Retirement Account Account, the Alternative Loan Guarantee Fund and the Surplus Account from any other Fund or Account pursuant to the requirements of the Indenture with respect to the Series 19992002-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 19992002-1 Acquisition Account, the Series 19992002-1 Administration Account, the Series 19992002-1 Reserve Account, the Series 19992002-1 Interest Subaccount, the Series 19992002-1 Principal Subaccount, the Series 19992002-1 Retirement Subaccount Subaccount, the Series 2002-1 Alternative Loan Guarantee Account or the Series 19992002-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 2118, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 21 18 to remedy deficiencies for which Balances of the Fund or Account in which such Account or Subaccount is established are subject to use under the Indenture, or (2) the application of Balances of any Account or Subaccount established by this Section 21 18 for any purpose for which Balances of the Fund or Account in which such Account or Subaccount is established are authorized to be applied by the Indenture. When there shall be no Series 19992002-1 Notes Outstanding, the Series 19992002-1 Acquisition Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Acquisition Fund, and the Series 2002-1 Administration Account and the Series 2002-1 Cost of Issuance Account shall each terminate and any Balance thereof at such time shall be used as other Balances of the Administration Fund. When there shall be no Series 19992002-1 Notes Outstanding, the Series 19992002-1 Interest Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Interest Account, the Series 19992002-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 19992002-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 19992002-1 Reserve Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund, the Series 2002-1 Alternative Loan Guarantee Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund and the Series 19992002-1 Surplus Subaccount shall terminate and any Balance thereof at such time shall be used as other Balances of the Surplus Account.

Surplus Subaccount. All amounts transferred to the Acquisition Fund, the Administration Fund, the Reserve Fund, the Interest Account, the Principal Account, the Retirement Account Account, the Alternative Loan Guarantee Fund and the Surplus Account from any other Fund or Account pursuant to the requirements of the Indenture with respect to the Series 19992004-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 19992004-1 Acquisition Account, the Series 19992004-1 Administration Account, the Series 19992004-1 Reserve Account, the Series 19992004-1 Interest Subaccount, the Series 19992004-1 Principal Subaccount, the Series 19992004-1 Retirement Subaccount Subaccount, the Series 2004-1 Alternative Loan Guarantee Account or the Series 19992004-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 2118, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 21 18 to remedy deficiencies for which Balances of the Fund or Account in which such Account or Subaccount is established are subject to use under the Indenture, or (2) the application of Balances of any Account or Subaccount established by this Section 21 18 for any purpose for which Balances of the Fund or Account in which such Account or Subaccount is established are authorized to be applied by the Indenture. When there shall be no Series 19992004-1 Notes Outstanding, the Series 19992004-1 Acquisition Account and the Series 2004-1 Capitalized Interest Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Acquisition Fund, and the Series 2004-1 Administration Account and the Series 2004-1 Cost of Issuance Account shall each terminate and any Balance thereof at such time shall be used as other Balances of the Administration Fund. When there shall be no Series 19992004-1 Notes Outstanding, the Series 19992004-1 Interest Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Interest Account, the Series 19992004-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 19992004-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 19992004-1 Reserve Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund, the Series 2004-1 Alternative Loan Guarantee Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund and the Series 19992004-1 Surplus Subaccount shall terminate and any Balance thereof at such time shall be used as other Balances of the Surplus Account.

Surplus Subaccount. All amounts transferred to the Acquisition Fund, the Administration Fund, the Reserve Fund, the Interest Account, the Principal Account, the Retirement Account Account, the Alternative Loan Guarantee Fund and the Surplus Account from any other Fund or Account pursuant to the requirements of the Indenture with respect to the Series 1999-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 1999-1 Acquisition Account, the Series 1999-1 Administration Account, the Series 1999-1 Reserve Account, the Series 1999-1 Interest Subaccount, the Series 1999-1 Principal Subaccount, the Series 1999-1 Retirement Subaccount Subaccount, the Series 1999-1 Alternative Loan Guarantee Account or the Series 1999-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 2118, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 21 18 to remedy deficiencies for which Balances of the Fund or Account in which such Account or Subaccount is established are subject to use under the Indenture, or (2) the application of Balances of any Account or Subaccount established by this Section 21 18 for any purpose for which Balances of the Fund or Account in which such Account or Subaccount is established are authorized to be applied by the Indenture. When there shall be no Series 1999-1 Notes Outstanding, the Series 1999-1 Acquisition Account and the Series 1999-1 Capitalized Interest Account shall each terminate and any Balance thereof at such time shall be used as other Balances of the Acquisition Fund. When there shall be no Series 1999-1 Notes Outstanding, and the Series 1999-1 Interest Administration Account and the Series 1999-1 Cost of Issuance Account shall each terminate and any Balance thereof at such time shall be used as other Balances of the Interest Account, the Series 1999-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 1999-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 1999-1 Reserve Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund and the Series 1999-1 Surplus Subaccount shall terminate and any Balance thereof at such time shall be used as other Balances of the Surplus Account.the

Surplus Subaccount. All amounts transferred to the Acquisition Fund, the Administration Fund, the Reserve Fund, the Interest Account, the Principal Account, the Retirement Account Account, the Alternative Loan Guarantee Fund and the Surplus Account from any other Fund or Account pursuant to the requirements of the Indenture with respect to the Series 19992001-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 19992001-1 Acquisition Account, the Series 19992001-1 Administration Account, the Series 19992001-1 Reserve Account, the Series 19992001-1 Interest Subaccount, the Series 19992001-1 Principal Subaccount, the Series 19992001-1 Retirement Subaccount Subaccount, the Series 2001-1 Alternative Loan Guarantee Account or the Series 19992001-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 2118, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 21 18 to remedy deficiencies for which Balances of the Fund or Account in which such Account or Subaccount is established are subject to use under the Indenture, or (2) the application of Balances of any Account or Subaccount established by this Section 21 18 for any purpose for which Balances of the Fund or Account in which such Account or Subaccount is established are authorized to be applied by the Indenture. When there shall be no Series 19992001-1 Notes Outstanding, the Series 19992001-1 Acquisition Account and the Series 2001-1 Capitalized Interest Account shall each terminate and any Balance thereof at such time shall be used as other Balances of the Acquisition Fund, and the Series 2001-1 Administration Account and the Series 2001-1 Cost of Issuance Account shall each terminate and any Balance thereof at such time shall be used as other Balances of the Administration Fund. When there shall be no Series 19992001-1 Notes Outstanding, the Series 19992001-1 Interest Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Interest Account, the Series 19992001-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 19992001-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 19992001-1 Reserve Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund, the Series 2001-1 Alternative Loan Guarantee Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund and the Series 19992001-1 Surplus Subaccount shall terminate and any Balance thereof at such time shall be used as other Balances of the Surplus Account.

Surplus Subaccount. All amounts transferred to the Acquisition Fund, the Administration Fund, the Reserve Fund, the Interest Account, the Principal Account, the Retirement Account Account, the Alternative Loan Guarantee Fund and the Surplus Account from any other Fund or Account pursuant to the requirements of the Indenture with respect to the Series 19992000-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 19992000-1 Acquisition Account, the Series 19992000-1 Administration Account, the Series 19992000-1 Reserve Account, the Series 19992000-1 Interest Subaccount, the Series 19992000-1 Principal Subaccount, the Series 19992000-1 Retirement Subaccount Subaccount, the Series 2000-1 Alternative Loan Guarantee Account or the Series 19992000-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 2118, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 21 18 to remedy deficiencies for which Balances of the Fund or Account in which such Account or Subaccount is established are subject to use under the Indenture, or (2) the application of Balances of any Account or Subaccount established by this Section 21 18 for any purpose for which Balances of the Fund or Account in which such Account or Subaccount is established are authorized to be applied by the Indenture. When there shall be no Series 19992000-1 Notes Outstanding, the Series 19992000-1 Acquisition Account and the Series 2000-1 Capitalized Interest Account shall each terminate and any Balance thereof at such time shall be used as other Balances of the Acquisition Fund, and the Series 2000-1 Administration Account and the Series 2000-1 Cost of Issuance Account shall each terminate and any Balance thereof at such time shall be used as other Balances of the Administration Fund. When there shall be no Series 19992000-1 Notes Outstanding, the Series 1999-2000- 1 Interest Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Interest Account, the Series 19992000-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 19992000-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 19992000-1 Reserve Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund, the Series 2000-1 Alternative Loan Guarantee Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund and the Series 19992000-1 Surplus Subaccount shall terminate and any Balance thereof at such time shall be used as other Balances of the Surplus Account.