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, 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 2000-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 2000-1 Acquisition Account, the Series 2000-1 Administration Account, the Series 2000-1 Reserve Account, the Series 2000-1 Interest Subaccount, the Series 2000-1 Principal Subaccount, the Series 2000-1 Retirement Subaccount, the Series 2000-1 Alternative Loan Guarantee Account or the Series 2000-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 18, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 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 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 2000-1 Notes Outstanding, the Series 2000-1 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 2000-1 Notes Outstanding, the Series 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 2000-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 2000-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 2000-1 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 2000-1 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, 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 20002001-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 20002001-1 Acquisition Account, the Series 20002001-1 Administration Account, the Series 20002001-1 Reserve Account, the Series 20002001-1 Interest Subaccount, the Series 20002001-1 Principal Subaccount, the Series 20002001-1 Retirement Subaccount, the Series 20002001-1 Alternative Loan Guarantee Account or the Series 20002001-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 18, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 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 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 20002001-1 Notes Outstanding, the Series 20002001-1 Acquisition Account and the Series 20002001-1 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 20002001-1 Administration Account and the Series 20002001-1 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 20002001-1 Notes Outstanding, the Series 2000- 2001-1 Interest Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Interest Account, the Series 20002001-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 20002001-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 20002001-1 Reserve Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund, the Series 20002001-1 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 20002001-1 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, 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 20002002-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 20002002-1 Acquisition Account, the Series 20002002-1 Administration Account, the Series 20002002-1 Reserve Account, the Series 20002002-1 Interest Subaccount, the Series 20002002-1 Principal Subaccount, the Series 20002002-1 Retirement Subaccount, the Series 20002002-1 Alternative Loan Guarantee Account or the Series 20002002-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 18, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 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 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 20002002-1 Notes Outstanding, the Series 20002002-1 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 20002002-1 Administration Account and the Series 20002002-1 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 20002002-1 Notes Outstanding, the Series 2000- 2002-1 Interest Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Interest Account, the Series 20002002-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 20002002-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 20002002-1 Reserve Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund, the Series 20002002-1 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 20002002-1 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, 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 20002004-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 20002004-1 Acquisition Account, the Series 20002004-1 Administration Account, the Series 20002004-1 Reserve Account, the Series 20002004-1 Interest Subaccount, the Series 20002004-1 Principal Subaccount, the Series 20002004-1 Retirement Subaccount, the Series 20002004-1 Alternative Loan Guarantee Account or the Series 20002004-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 18, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 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 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 20002004-1 Notes Outstanding, the Series 20002004-1 Acquisition Account and the Series 20002004-1 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 20002004-1 Administration Account and the Series 20002004-1 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 20002004-1 Notes Outstanding, the Series 2000- 2004-1 Interest Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Interest Account, the Series 20002004-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 20002004-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 20002004-1 Reserve Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Reserve Fund, the Series 20002004-1 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 20002004-1 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, 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 20001999-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 20001999-1 Acquisition Account, the Series 20001999-1 Administration Account, the Series 20001999-1 Reserve Account, the Series 20001999-1 Interest Subaccount, the Series 20001999-1 Principal Subaccount, the Series 20001999-1 Retirement Subaccount, the Series 20001999-1 Alternative Loan Guarantee Account or the Series 20001999-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 18, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 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 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 20001999-1 Notes Outstanding, the Series 20001999-1 Acquisition Account and the Series 20001999-1 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 20001999-1 Administration Account and the Series 20001999-1 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 2000-1 Notes Outstanding, the Series 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 2000-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 2000-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 2000-1 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 2000-1 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, the Alternative Loan Guarantee Fund Account and the Surplus Account from any other Fund or Account pursuant to the requirements of the Indenture with respect to the Series 20001999-1 Notes or the Student Loans Financed with the proceeds thereof shall be deposited to the credit of the Series 20001999-1 Acquisition Account, the Series 20001999-1 Administration Account, the Series 20001999-1 Reserve Account, the Series 20001999-1 Interest Subaccount, the Series 20001999-1 Principal Subaccount, the Series 20001999-1 Retirement Subaccount, the Series 2000-1 Alternative Loan Guarantee Account Subaccount or the Series 20001999-1 Surplus Subaccount, respectively, and as appropriate. Except as heretofore provided in this Section 1821, nothing herein shall be deemed to prohibit (1) the Trustee from using Balances of any Account or Subaccount established by this Section 18 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 18 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 20001999-1 Notes Outstanding, the Series 20001999-1 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 20001999-1 Notes Outstanding, the Series 2000- 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 20001999-1 Principal Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Principal Account, the Series 20001999-1 Retirement Account shall terminate and any Balance thereof at such time shall be used as other Balances of the Retirement Account, the Series 20001999-1 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 20001999-1 Surplus Subaccount shall terminate and any Balance thereof at such time shall be used as other Balances of the Surplus Account.