SALE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000Initial Sale Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
These Sale Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”) dated as of August 26, 2010 among SLM Funding LLC (in such capacity, the “Seller”), SLM Student Loan Trust 2010-2 (the “Purchaser” or the “Trust”), and The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of the Seller under the Funding Interim Trust Agreement dated as of August 26, 2010 between the Seller and the Interim Eligible Lender Trustee, and The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Eligible Lender Trustee on behalf of the Purchaser (the “Eligible Lender Trustee”), shall be effective upon execution by the parties hereto. References to the Seller herein mean the Interim Eligible Lender Trustee, and references to the Purchaser mean the Eligible Lender Trustee, for all purposes involving t
ContractAdministration Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
SERVICING AGREEMENT among SALLIE MAE, INC., as Servicer, SALLIE MAE, INC., as Administrator, SLM STUDENT LOAN TRUST 2010-2, THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender...Servicing Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
Sallie Mae, Inc. (in such capacity, the “Servicer”), a Delaware corporation, hereby agrees with (i) SLM Student Loan Trust 2010-2 (the “Issuer”), (ii) The Bank of New York Mellon Trust Company, National Association, a national banking association, not in its individual capacity but solely in its capacity as eligible lender trustee (the “Eligible Lender Trustee”) under a trust agreement dated as of January 15, 2010, among SLM Funding LLC, the Eligible Lender Trustee and BNY Mellon Trust of Delaware, as Delaware trustee (the “Delaware Trustee”), as amended and restated by an amended and restated trust agreement dated as of August 26, 2010 (the “Trust Agreement”), among SLM Funding LLC, the Eligible Lender Trustee, the Delaware Trustee and Deutsche Bank Trust Company Americas, not in its individual capacity but solely in its capacity as the indenture trustee (the “Indenture Trustee”), under an indenture dated as of August 26, 2010 (the “Indenture”), among the Issuer, the Eligible Lender T
ContractTrust Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • Delaware
ContractInterim Trust Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • Delaware
PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000Additional Purchase Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of August 26, 2010 among SLM Education Credit Finance Corporation (“SLM ECFC”), SLM Funding LLC (“Funding”) and The Bank of New York Mellon Trust Company, National Association, 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 August 26, 2010 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.
ContractUnderwriting Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
INTERIM TRUST AGREEMENT between and THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee for the benefit of VL Funding LLC Dated as of August 26, 2010Interim Trust Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • Delaware
INTERIM TRUST AGREEMENT (THE “AGREEMENT”), DATED AS OF AUGUST 26, 2010, BETWEEN VL FUNDING LLC (“VL FUNDING”) AS THE PURCHASER AND SUBSEQUENT SELLER OF CERTAIN LOANS, AND THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, A NATIONAL BANKING ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS ELIGIBLE LENDER TRUSTEE (THE “VL FUNDING ELIGIBLE LENDER TRUSTEE”).
PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000Additional Purchase Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of August 26, 2010 among (i) VL Funding LLC (“VL Funding”), (ii) The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “VL Funding Eligible Lender Trustee”), for the benefit of VL Funding under the VL Funding Interim Trust Agreement dated as of August 26, 2010 between VL Funding and the VL Funding Eligible Lender Trustee, (iii) SLM Funding LLC (“Funding”), (iv) The Bank of New York Mellon Trust Company, National Association, 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 August 26, 2010 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 t
PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000Additional Purchase Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of August 26, 2010 among (i) Town Hall Funding LLC (“Town Hall Funding”), (ii) The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Town Hall Funding Eligible Lender Trustee”), for the benefit of Town Hall Funding under the Town Hall Funding Interim Trust Agreement dated as of August 26, 2010 between Town Hall Funding and the Town Hall Funding Eligible Lender Trustee, (iii) SLM Funding LLC (“Funding”), (iv) The Bank of New York Mellon Trust Company, National Association, 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 August 26, 2010 between Funding and the Interim Eligible Lender Trustee and (v) Sallie Mae, Inc., as servicer (the “Servicer”), shall be effective u
INTERIM TRUST AGREEMENT between TOWN HALL FUNDING LLC and THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee for the benefit of Town Hall Funding LLC Dated as of August...Interim Trust Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • Delaware
INTERIM TRUST AGREEMENT (THE “AGREEMENT”), DATED AS OF AUGUST 26, 2010, BETWEEN TOWN HALL FUNDING LLC (“TOWN HALL FUNDING”) AS THE PURCHASER AND SUBSEQUENT SELLER OF CERTAIN LOANS, AND THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, A NATIONAL BANKING ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS ELIGIBLE LENDER TRUSTEE (THE “TOWN HALL FUNDING ELIGIBLE LENDER TRUSTEE”).
PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000Additional Purchase Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of August 26, 2010 among (i) Town Center Funding LLC (“Town Center Funding”), (ii) The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Town Center Funding Eligible Lender Trustee”), for the benefit of Town Center Funding under the Town Center Funding Interim Trust Agreement dated as of August 26, 2010 between Town Center Funding and the Town Center Funding Eligible Lender Trustee, (iii) SLM Funding LLC (“Funding”), (iv) The Bank of New York Mellon Trust Company, National Association, 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 August 26, 2010 between Funding and the Interim Eligible Lender Trustee and (v) Sallie Mae, Inc., as servicer (the “Servicer”), shall
PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000Additional Purchase Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of August 26, 2010 among (i) Bluemont Funding LLC (“Bluemont Funding”), (ii) The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Bluemont Funding Eligible Lender Trustee”), for the benefit of Bluemont Funding under the Bluemont Funding Interim Trust Agreement dated as of August 26, 2010 between Bluemont Funding and the Bluemont Funding Eligible Lender Trustee, (iii) SLM Funding LLC (“Funding”), (iv) The Bank of New York Mellon Trust Company, National Association, 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 August 26, 2010 between Funding and the Interim Eligible Lender Trustee and (v) Sallie Mae, Inc., as servicer (the “Servicer”), shall be effective upon exe
ContractInterim Trust Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • Delaware
INTERIM TRUST AGREEMENT between BLUEMONT FUNDING LLC and THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, not in its individual capacity but solely as Eligible Lender Trustee for the benefit of Bluemont Funding LLC Dated as of August...Interim Trust Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities • Delaware
INTERIM TRUST AGREEMENT (THE “AGREEMENT”), DATED AS OF AUGUST 26, 2010, BETWEEN BLUEMONT FUNDING LLC (“BLUEMONT FUNDING”) AS THE PURCHASER AND SUBSEQUENT SELLER OF CERTAIN LOANS, AND THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, A NATIONAL BANKING ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS ELIGIBLE LENDER TRUSTEE (THE “BLUEMONT FUNDING ELIGIBLE LENDER TRUSTEE”).
Student Loan-Backed Notes Underwriting AgreementUnderwriting Agreement • March 25th, 2011 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
SLM Education Credit Finance Corporation (“SLM ECFC”), a Delaware corporation, and SLM Funding LLC (the “Company”), a Delaware limited liability company and a wholly-owned subsidiary of SLM ECFC, will cause SLM Investment Corporation (“SLMIC”), a Delaware corporation and affiliate of the Company, to sell pursuant to the terms and conditions stated in this underwriting agreement (this “Agreement”) to the firm or firms named in Schedule I to this Agreement (each firm constituting the “Underwriter” with respect to the Notes (as defined below)) $22,379,000 aggregate principal amount of Floating Rate Class B Student Loan-Backed Notes due December 28, 2043 (the “Notes”) issued by SLM Student Loan Trust 2010-2 (the “Trust”) on August 26, 2010 and retained by the Company and transferred to SLMIC on such date. The Notes are being offered pursuant to and are described more fully in the Supplement, dated March 17, 2011, to the Prospectus Supplement, dated August 18, 2010, and the Base Prospectus,
ContractPricing Agreement • September 1st, 2010 • SLM Student Loan Trust 2010-2 • Asset-backed securities
