ELIGIBLE LENDER TRUST AGREEMENT between SLC STUDENT LOAN TRUST 2008-1 as Grantor and CITIBANK, N.A. as Eligible Lender Trustee Dated as of March 28, 2008Eligible Lender Trust Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities • New York
THIS ELIGIBLE LENDER TRUST AGREEMENT is made on March 28, 2008, by and between SLC STUDENT LOAN TRUST 2008-1 (the “Grantor”) and CITIBANK, N.A., as eligible lender trustee (the “Eligible Lender Trustee”).
SERVICING AGREEMENT among THE STUDENT LOAN CORPORATION, as Servicer and Administrator, and SLC STUDENT LOAN TRUST 2008-1, as Issuer Dated as of March 28, 2008Servicing Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities • New York
The Student Loan Corporation (“SLC” and, in its capacity as servicer, the “Servicer”), a Delaware corporation, hereby agrees with (i) SLC Student Loan Trust 2008-1 (the “Issuer”), and (ii) SLC, not in its individual capacity but solely in its capacity as administrator (in such capacity, the “Administrator”) under the Administration Agreement, dated as of March 28, 2008 (the “Administration Agreement”), among the Issuer, SLC Student Loan Receivables I, Inc. (the “Depositor”), the Administrator and the Servicer as follows:
SLC STUDENT LOAN TRUST 2008-1 AMENDED AND RESTATED TRUST AGREEMENT Dated as of March 28, 2008 Between SLC STUDENT LOAN RECEIVABLES I, INC. as Depositor andTrust Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities
SLC STUDENT LOAN TRUST 2008-1 ADMINISTRATION AGREEMENT Dated as of March 28, 2008 Among SLC STUDENT LOAN TRUST 2008-1, as Issuer SLC STUDENT LOAN RECEIVABLES I, INC., as Depositor and THE STUDENT LOAN CORPORATION, as Servicer and AdministratorAdministration Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities • New York
MASTER TERMS PURCHASE AGREEMENTMaster Terms Purchase Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities • New York
This Master Terms Purchase Agreement, dated as of March 28, 2008 (“Master Terms Purchase Agreement”), among The Student Loan Corporation (“SLC”), SLC Student Loan Receivables I, Inc. (“SLC Receivables”) and Citibank, N.A., not in its individual capacity but solely as Eligible Lender Trustee (the “Eligible Lender Trustee”) for the benefit of SLC Receivables under the Eligible Lender Trust Agreement, dated as of March 28, 2008, between SLC Receivables and the Eligible Lender Trustee, and as Eligible Lender Trustee for the benefit of SLC under the Trust Agreement, dated as of March 28, 2008, between SLC and the Eligible Lender Trustee, shall be effective upon execution by the parties hereto. References to SLC Receivables herein mean the Eligible Lender Trustee for all purposes involving the holding or transferring of legal title to the Eligible Loans.
UNDERWRITING AGREEMENTUnderwriting Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities • New York
This Agreement, the Master Terms Purchase Agreement, to be dated as of March 28, 2008 (along with the related Purchase Agreement, the “SLC Sale Agreement”), among SLC, SLC Student Loan Receivables I, Inc. (“SLC Receivables”) and the Eligible Lender Trustee, the Master Terms Sale Agreement, to be dated as of March 28, 2008 (along with the related Sale Agreement, the “SLC Receivables Sale Agreement” and, collectively with the SLC Sale Agreement, the “Sale Agreements”), among SLC Receivables, the Company and the Eligible Lender Trustee, the Short-Form Trust Agreement between Wilmington Trust Company, as owner trustee (the “Owner Trustee”), and SLC Receivables, as depositor (in such capacity, the “Depositor”), as amended and restated pursuant to the Amended and Restated Trust Agreement, to be dated as of March 28, 2008 (the “Trust Agreement”), between the Owner Trustee and the Depositor, the Administration Agreement, to be dated as of March 28, 2008 (the “Administration Agreement”), among
SUBSERVICING AGREEMENTSubservicing Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities • New York
This SUBSERVICING AGREEMENT (this “Agreement”) is entered into as of March 28, 2008, by and between Citibank (South Dakota), National Association, a national banking association (the “Subservicer”) and The Student Loan Corporation, a Delaware corporation (the “Servicer”).
MASTER TERMS SALE AGREEMENTMaster Terms Sale Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities • New York
This Master Terms Sale Agreement, dated as of March 28, 2008 (“Master Terms Sale Agreement”), among SLC Student Loan Receivables I, Inc. (in such capacity, the “Seller”), SLC Student Loan Trust 2008-1 (in such capacity, the “Purchaser”) and Citibank, N.A., not in its individual capacity but solely as Eligible Lender Trustee (the “Eligible Lender Trustee”) for the benefit of the Seller under the Eligible Lender Trust Agreement, dated as of March 28, 2008, between the Seller and the Eligible Lender Trustee, and as Eligible Lender Trustee for the benefit of the Purchaser under the Eligible Lender Trust Agreement, dated as of March 28, 2008, between the Purchaser and the Eligible Lender Trustee, shall be effective upon execution by the parties hereto. References to the Seller and the Purchaser herein mean the Eligible Lender Trustee for all purposes involving the holding or transferring of legal title to the Trust Student Loans.
CUSTODY AGREEMENTCustody Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities • New York
This CUSTODY AGREEMENT (this “Agreement”), dated as of March 28, 2008 by and among SLC Student Loan Trust 2008-1 (the “Issuer”), Citibank, N.A., as eligible lender trustee on behalf of the Issuer (the “Eligible Lender Trustee”), U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”), The Student Loan Corporation, as servicer (the “Servicer”) and Citibank (South Dakota), National Association, a national banking association (the “Custodian” and, together with the Issuer, the Eligible Lender Trustee, the Indenture Trustee and the Servicer, the “Parties”).
SUB-ADMINISTRATION AGREEMENTSub-Administration Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • Asset-backed securities
This Sub-Administration Agreement (the “Agreement”) is made as of the 28th day of March 2008 between CitiMortgage, Inc., having a place of business at 1000 Technology Drive, O’Fallon, Missouri 63368-2240 (the “Sub-Administrator”), and The Student Loan Corporation, a Delaware corporation having a place of business at 99 Garnsey Road, Pittsford, New York 14534 (the “Administrator”).
MASTER AGREEMENTIsda Master Agreement • April 3rd, 2008 • SLC Student Loan Trust 2008-1 • 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.
