SLM Student Loan Trust 2007-7 Sample Contracts

PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Purchase Agreement • November 13th, 2007 • SLM Student Loan Trust 2007-7 • Asset-backed securities • New York

These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of November 8, 2007 among SLM Education Credit Finance Corporation (“SLM ECFC”), SLM Funding LLC (“Funding”) and The Bank of New York Trust Company, N.A., not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of Funding under the Interim Trust Agreement dated as of November 8, 2007 between Funding and the Interim Eligible Lender Trustee, shall be effective upon execution by the parties hereto. References to Funding herein mean the Interim Eligible Lender Trustee for all purposes involving the holding or transferring of legal title to the Eligible Loans.

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AMENDED AND RESTATED TRUST AGREEMENT among SLM FUNDING LLC, as Depositor THE BANK OF NEW YORK TRUST COMPANY, N.A., not in its individual capacity but solely as Eligible Lender Trustee, THE BANK OF NEW YORK (DELAWARE), not in its individual capacity...
Trust Agreement • November 13th, 2007 • SLM Student Loan Trust 2007-7 • Asset-backed securities • Delaware

AMENDED AND RESTATED TRUST AGREEMENT dated as of November 8, 2007, among SLM FUNDING LLC, a Delaware limited liability company, as the Depositor, THE BANK OF NEW YORK TRUST COMPANY, N.A., a national banking association, not in its individual capacity but solely as the Eligible Lender Trustee, THE BANK OF NEW YORK (DELAWARE), a Delaware banking corporation, not in its individual capacity but solely as the Delaware Trustee, and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, not in its individual capacity but solely as the Indenture Trustee, acting as the Excess Distribution Certificate Paying Agent hereunder.

PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Purchase Agreement • November 13th, 2007 • SLM Student Loan Trust 2007-7 • Asset-backed securities • New York

These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of November 8, 2007 among (i) VG Funding, LLC (“VG Funding”), (ii) The Bank of New York Trust Company, N.A., not in its individual capacity but solely as Interim Eligible Lender Trustee (the “VG Funding Eligible Lender Trustee”), for the benefit of VG Funding under the VG Funding Interim Trust Agreement dated as of November 8, 2007 between VG Funding and the VG Funding Eligible Lender Trustee, (iii) SLM Funding LLC (“Funding”), (iv) The Bank of New York Trust Company, N.A., not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of Funding under the Interim Trust Agreement dated as of November 8, 2007 between Funding and the Interim Eligible Lender Trustee and (v) Sallie Mae, Inc., as servicer (the “Servicer”), shall be effective upon execution by the parties hereto. References to VG Funding herein mean the VG Funding El

INTERIM TRUST AGREEMENT between VG FUNDING, LLC, as the Seller and THE BANK OF NEW YORK TRUST COMPANY, N.A., not in its individual capacity but solely as Eligible Lender Trustee for the benefit of VG Funding, LLC Dated as of November 8, 2007
Interim Trust Agreement • November 13th, 2007 • SLM Student Loan Trust 2007-7 • Asset-backed securities • Delaware

INTERIM TRUST AGREEMENT (the “Agreement”), dated as of November 8, 2007, between VG Funding, LLC (“VG Funding”) as the Purchaser and subsequent Seller of certain Loans, and THE BANK OF NEW YORK TRUST COMPANY, N.A., a national banking association, not in its individual capacity but solely as Eligible Lender Trustee (the “VG Funding Eligible Lender Trustee”).

Pricing Agreement
Pricing Agreement • November 13th, 2007 • SLM Student Loan Trust 2007-7 • Asset-backed securities
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