WITNESSETH:Loan Sale and Commitment Agreement • May 17th, 2004 • Nelnet Inc • Asset-backed securities • Nebraska
WITNESSETH:Loan Sale and Commitment Agreement • March 28th, 1997 • Union Financial Services I Inc • Patent owners & lessors • Nebraska
Please indicate your agreement with the terms of this letter by signing in the space provided below. Sincerely, /s/ Terry J. Heimes Terry J. Heimes, CFO National Education Loan Network, Inc.Loan Sale and Commitment Agreement • May 17th, 2004 • Nelnet Inc • Asset-backed securities
This letter will confirm the termination, effective as of April 19, 2004, of the First Amendment of Loan Sale and Commitment Agreement dated as of December 13, 2002 (the "Amendment") between Student Loan Acquisition Authority of Arizona, LLC, as successor in interest to Student Loan Acquisition Authority of Arizona ("SLAAA") and Union Bank and Trust Company, in its own right and in its capacity as trustee ("Union Bank"). SLAAA was willing to enter into the Amendment due to the willingness of Nelnet, Inc. to reduce its servicing fees on SLAAA's student loans. SLAAA and Union Bank acknowledge that the Amendment no longer serves any purpose since National Education Loan Network, Inc. ("NELN") acquired SLAAA and is entitled to purchase any such loans at a 1.5% premium pursuant to the Guaranteed Purchase Agreement dated March 19, 2001, as amended (the "Guaranteed Purchase Agreement"), between NELN and Union Bank; thus NELN is entitled to any premium in excess of the 1.5% premium to which Un
