Common use of Xxxxx Fargo Bank, N Clause in Contracts

Xxxxx Fargo Bank, N. A., not in its individual capacity but solely as Interim Eligible Lender Trustee By: _______________________________ Name: Title: Xxxxx Fargo Bank, N.A., as VL Funding Eligible Lender Trustee for the benefit of VL Funding LLC (“VL Funding”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Additional Xxxx of Sale executed by VL Funding in favor of Xxxxx Fargo Bank, N.A., as the Interim Eligible Lender Trustee for the benefit of Navient Funding, LLC (“Funding”), and Funding. This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Terms referred to in the Additional Purchase Agreement among VL Funding, the VL Funding Eligible Lender Trustee, Funding and the Interim Eligible Lender Trustee which covers the promissory note (the “Additional Purchase Agreement”). This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Notes. Notwithstanding the foregoing, the VL Funding Eligible Lender Trustee for the benefit of VL Funding agrees to individually endorse each Note in the form provided by Funding as Funding may from time to time require or if such individual endorsement is required by the Guarantor of the Note.

Appears in 3 contracts

Samples: Purchase Agreement (Navient Student Loan Trust 2015-3), Purchase Agreement (Navient Student Loan Trust 2015-2), Purchase Agreement (Navient Student Loan Trust 2015-1)

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Xxxxx Fargo Bank, N. A., not in its individual capacity but solely as Interim Eligible Lender Trustee By: _______________________________ Name: Title: Xxxxx Fargo Bank, N.A., as VL Red Wolf Funding Eligible Lender Trustee for the benefit of VL Funding Red Wolf Funding, LLC (“VL Red Wolf Funding”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Additional Xxxx of Sale executed by VL Red Wolf Funding in favor of Xxxxx Fargo Bank, N.A., as the Interim Eligible Lender Trustee for the benefit of Navient Funding, LLC (“Funding”), and Funding. This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Terms referred to in the Additional Purchase Agreement among VL Red Wolf Funding, the VL Red Wolf Funding Eligible Lender Trustee, Funding and the Interim Eligible Lender Trustee which covers the promissory note (the “Additional Purchase Agreement”). This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Notes. Notwithstanding the foregoing, the VL Red Wolf Funding Eligible Lender Trustee for the benefit of VL Red Wolf Funding agrees to individually endorse each Note in the form provided by Funding as Funding may from time to time require or if such individual endorsement is required by the Guarantor of the Note.

Appears in 3 contracts

Samples: Purchase Agreement (Navient Student Loan Trust 2015-3), Purchase Agreement (Navient Student Loan Trust 2015-2), Purchase Agreement (Navient Student Loan Trust 2015-1)

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Xxxxx Fargo Bank, N. A., not in its individual capacity but solely as Interim Eligible Lender Trustee By: _______________________________ Name: Title: Xxxxx Fargo Bank, N.A., as VL Blue Ridge Funding Eligible Lender Trustee for the benefit of VL Blue Ridge Funding LLC (“VL Blue Ridge Funding”), by execution of this instrument, hereby endorses the attached promissory note which is one (1) of the promissory notes (the “Notes”) described in the Additional Xxxx of Sale executed by VL Blue Ridge Funding in favor of Xxxxx Fargo Bank, N.A., as the Interim Eligible Lender Trustee for the benefit of Navient Funding, LLC (“Funding”), and Funding. This endorsement is in blank, unrestricted form and without recourse except as provided in Section 6 of the Master Terms referred to in the Additional Purchase Agreement among VL Blue Ridge Funding, the VL Blue Ridge Funding Eligible Lender Trustee, Funding and the Interim Eligible Lender Trustee which covers the promissory note (the “Additional Purchase Agreement”). This endorsement may be effected by attaching either this instrument or a facsimile hereof to each or any of the Notes. Notwithstanding the foregoing, the VL Blue Ridge Funding Eligible Lender Trustee for the benefit of VL Blue Ridge Funding agrees to individually endorse each Note in the form provided by Funding as Funding may from time to time require or if such individual endorsement is required by the Guarantor of the Note.

Appears in 3 contracts

Samples: Purchase Agreement (Navient Student Loan Trust 2015-3), Purchase Agreement (Navient Student Loan Trust 2015-2), Purchase Agreement (Navient Student Loan Trust 2015-1)

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