0000929638-13-000517 Sample Contracts

Contract
Initial Sale Agreement • August 30th, 2013 • SLM Education Credit Funding LLC • Asset-backed securities • New York
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FORM OF] SERVICING AGREEMENT among SALLIE MAE, INC., as Servicer, SALLIE MAE, INC., as Administrator, SLM STUDENT LOAN TRUST 20[__]-[__], not in its individual capacity but solely as Eligible Lender Trustee and not in its individual capacity but...
Servicing Agreement • August 30th, 2013 • SLM Education Credit Funding LLC • Asset-backed securities • New York

Sallie Mae, Inc. (in such capacity, the “Servicer”), a Delaware corporation, hereby agrees with (i) SLM Student Loan Trust 20[__]-[__] (the “Issuer”), (ii) [_________], 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 [______], 20[__], among SLM Funding LLC, the Eligible Lender Trustee and [_________], as Delaware trustee (the “Delaware Trustee”), as amended and restated by an amended and restated trust agreement, dated as of [______], 20[__] (the “Trust Agreement”), among SLM Funding LLC, the Eligible Lender Trustee, the Delaware Trustee and [_________], not in its individual capacity but solely in its capacity as the indenture trustee (the “Indenture Trustee”), under an indenture, dated as of [______], 20[__] (the “Indenture”), among the Issuer, the Eligible Lender Trustee and the Indenture Trustee, (iii) the Indenture Trustee and (iv) Sallie Mae, In

FORM OF] INTERIM TRUST AGREEMENT between SLM FUNDING LLC, as the Depositor and not in its individual capacity but solely as the Interim Eligible Lender Trustee Dated as of [_____], 20[__]
Interim Trust Agreement • August 30th, 2013 • SLM Education Credit Funding LLC • Asset-backed securities • Delaware

INTERIM TRUST AGREEMENT (the “Agreement”), dated as of [_____], 20[__], between SLM FUNDING LLC, a Delaware limited liability company (the “Depositor”), and [______________], not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”).

LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF SLM FUNDING LLC
Limited Liability Company Operating Agreement • August 30th, 2013 • SLM Education Credit Funding LLC • Asset-backed securities • Delaware

LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF SLM FUNDING LLC, a limited liability company organized pursuant to and in accordance with the Delaware Limited Liability Company Act (6 Del.C. Section 18-101, et seq.) (the “Act”), is dated as of January 1, 2003 and is entered into by the Student Loan Marketing Association, a corporation chartered by an act of the United States Congress, as the sole equity member, Domenic A. Borriello (“Springing Member 1”) and Kim E. Luthans (“Springing Member 2”).

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