SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-C ADMINISTRATION AGREEMENT among SLM FUNDING LLC, as Depositor SALLIE MAE, INC., as Servicer and Administrator THE BANK OF NEW YORK, as Indenture Trustee CHASE BANK USA, NATIONAL ASSOCIATION, as Trustee and...Administration Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • New York
This ADMINISTRATION AGREEMENT, dated as of September 28, 2006, is among SALLIE MAE, INC., in its capacities as servicer (in such capacity, the “Servicer”) and as administrator (in such capacity, the “Administrator”), SLM FUNDING LLC, as depositor (the “Depositor”), THE BANK OF NEW YORK, a New York banking corporation, not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”), CHASE BANK USA, NATIONAL ASSOCIATION, as Trustee (the “Trustee”) and SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-C, as issuer (the “Issuer”).
PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000 between SLM EDUCATION CREDIT FINANCE CORPORATION, as Seller and SLM FUNDING LLC, as Purchaser and CHASE BANK USA, NATIONAL ASSOCIATION as Interim Trustee Dated as of September 28, 2006Purchase Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • New York
These Purchase Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”), dated as of September 28, 2006, between SLM Education Credit Finance Corporation, in its capacity as seller (in such capacity, the “Seller”), SLM Funding LLC, as purchaser (the “Purchaser”), and Chase Bank USA, National Association, not in its individual capacity but solely as trustee on behalf of the Purchaser (the “Interim Trustee”) for the benefit of Purchaser under the Interim Trust Agreement dated as of September 28, 2006 between Purchaser and Interim Trustee, shall be effective upon execution by the parties hereto. References to Purchaser means the Interim Trustee for all purposes involving the holding or transferring of legal title to the Student Loans.
INTERIM TRUST AGREEMENT between SLM FUNDING LLC, as the Depositor and CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as the Interim Trustee Dated as of September 28, 2006Interim Trust Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • Delaware
INTERIM TRUST AGREEMENT (the “Agreement”), dated as of September 28, 2006, between SLM FUNDING LLC, a Delaware limited liability company (the “Depositor”), and CHASE BANK USA, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Interim Trustee (the “Interim Trustee”).
INTERIM TRUST AGREEMENT between VG FUNDING, LLC, as the Seller and CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Interim Trustee for the benefit of VG Funding, LLC Dated as of September 28, 2006Interim Trust Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • Delaware
INTERIM TRUST AGREEMENT (the “Agreement”), dated as of September 28, 2006, between VG Funding, LLC (“VG Funding”) as the Purchaser and subsequent Seller of certain Loans, and CHASE BANK USA, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Interim Trustee (the “VG Funding Trustee”).
AMENDED AND RESTATED TRUST AGREEMENT among SLM FUNDING LLC, as Depositor CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely, as Trustee, and THE BANK OF NEW YORK not in its individual capacity but solely as the Indenture...Trust Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • Delaware
This AMENDED AND RESTATED TRUST AGREEMENT, dated as of September 28, 2006 (the “Agreement”), is among SLM FUNDING LLC, a Delaware limited liability company, as depositor (the “Depositor”), CHASE BANK USA, NATIONAL ASSOCIATION (formerly known as Chase Manhattan Bank USA, National Association), a national banking association, not in its individual capacity but solely as the Trustee (the “Trustee”), and THE BANK OF NEW YORK, a New York banking corporation, not in its individual capacity but solely as the Indenture Trustee, acting as the Excess Distribution Certificate Paying Agent (the “Indenture Trustee”).
SALE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000 between SLM FUNDING LLC, as Seller and SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-C, as Purchaser Dated as of September 28, 2006Sale Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • New York
These Sale Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”), dated as of September 28, 2006, between SLM Funding LLC, in its capacity as seller (in such capacity, the “Seller”), SLM Private Credit Student Loan Trust 2006-C, as purchaser (the “Purchaser”), and Chase Bank USA, National Association, not in its individual capacity but solely as Interim Trustee (the “Interim Trustee”) for the benefit of the Seller under the Funding Interim Trust Agreement dated as of September 28, 2006, between the Seller and the Interim Trustee and Chase Bank USA, National Association, not in its individual capacity but solely as Trustee on behalf of SLM Private Credit Student Loan Trust 2006-C (The “Trustee”) shall be effective upon execution by the parties hereto. References to the Seller herein mean the Interim Trustee, and references to the Purchaser mean the Trustee for all purposes involving the holding or transferring of legal title to the Student Loans.
SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-C INDENTURE between SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-C, as Issuer CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee and THE BANK OF NEW YORK, not in its...Indenture • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • New York
This INDENTURE, dated as of September 1, 2006, is between SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-C, a Delaware statutory trust (the “Issuer”), and CHASE BANK USA, NATIONAL ASSOCIATION, a national banking association, as trustee and not in its individual capacity but solely as trustee (the “Trustee”) and THE BANK OF NEW YORK, a New York banking corporation, as trustee and not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”).
Pricing AgreementPricing Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities
SLM Funding LLC, a Delaware limited liability company (the “Company”), and SLM Education Credit Finance Corporation, a Delaware corporation (“SLM ECFC”), propose, subject to the terms and conditions stated herein and in the Underwriting Agreement, dated September 20, 2006 (the “Underwriting Agreement”), between the Company, SLM ECFC and SLM Corporation, on the one hand, and Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. Incorporated (the “Underwriters”), on the other hand, that the Company (i) having caused the formation of the trust (the “Trust”) pursuant to a trust agreement, dated as of June 23, 2006 (the “Initial Trust Agreement”), between the Company and Chase Bank USA, National Association, as eligible lender trustee (the “Eligible Lender Trustee”), will cause the Initial Trust Agreement to be amended and restated by an Amended and Restated Trust Agreement, dated as of the Time of Delivery, among the Company, the Eligibl
MASTER AGREEMENTMaster Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • New York
have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.
SLM Funding LLC Student Loan-Backed Notes Underwriting AgreementUnderwriting Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • New York
The undersigned hereby agrees to purchase from SLM Funding LLC (hereinafter called the “Company”), and the Company agrees to sell to the undersigned,
SERVICING AGREEMENT among SALLIE MAE, INC., in its capacity as Servicer SALLIE MAE, INC., in its capacity as Administrator SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-C, as Issuer CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but...Servicing Agreement • October 2nd, 2006 • SLM Private Credit Student Loan Trust 2006-C • Asset-backed securities • New York
This SERVICING AGREEMENT, dated September 28, 2006, is among SALLIE MAE, INC., a Delaware corporation (in such capacity, the “Servicer”), SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-C (the “Issuer”), CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely in its capacity as trustee of the Issuer (the “Trustee”), SALLIE MAE, INC., as administrator (the “Administrator”), and THE BANK OF NEW YORK, a New York banking corporation, not in its individual capacity but solely in its capacity as Indenture Trustee (the “Indenture Trustee”).
