ContractUmbrella Agreement • May 5th, 2020 • California
Contract Type FiledMay 5th, 2020 Jurisdiction<DOCUMENT> <TYPE>EX-10.13 <SEQUENCE>17 <FILENAME>a2117909zex-10_13.txt <DESCRIPTION>EXHIBIT 10.13 <TEXT> <Page> EXHIBIT 10.13 BANK OF AMERICA DIRECT TO CONSUMER LOAN PROGRAM: UMBRELLA AGREEMENT THIS UMBRELLA AGREEMENT (the "Agreement") is made and dated as of the 30th day of June, 2003, by and between THE FIRST MARBLEHEAD CORPORATION, a Delaware corporation ("FMC"), and BANK OF AMERICA, N.A., a national banking association having its principal office located in the State of California (the "Program Lender"). RECITALS A. FMC and the Program Lender have established its Bank of America Direct to Consumer Loan Program (the "Bank of America DTC Program") to assist students and parents in financing education at private elementary and secondary schools and at various institutions of higher education. Loans made under the Bank of America DTC Program are guaranteed by TERI pursuant to a Guaranty Agreement between Program Lender and The Education Resources Institute, Inc., a Massachusetts-based