Purchase Agreement Master Securitization Terms Sample Contracts

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PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Purchase Agreement Master Securitization Terms • April 2nd, 2007 • SLM Private Credit Student Loan Trust 2007-A • Asset-backed securities • New York

These Purchase Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”), dated as of March 29, 2007, among VG Funding, LLC, in its capacity as seller (in such capacity, the “Seller”), SLM Funding LLC, as purchaser (the “Purchaser”), and The Bank of New York Trust Company, N.A., not in its individual capacity but solely as trustee on behalf of the Purchaser (the “Interim Trustee”) for the benefit of Purchaser under the Interim Trust Agreement dated as of March 29, 2007 between Purchaser and Interim Trustee shall be effective upon execution by the parties hereto. References to the Purchaser means the Interim Trustee for all purposes involving the holding or transferring of legal title to the Student Loans.

PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000 among SLM EDUCATION CREDIT FINANCE CORPORATION, as Seller and SLM FUNDING LLC, as Purchaser and THE BANK OF NEW YORK TRUST COMPANY, N.A., as Interim Trustee Dated as of March 29, 2007
Purchase Agreement Master Securitization Terms • April 2nd, 2007 • SLM Private Credit Student Loan Trust 2007-A • Asset-backed securities • New York

These Purchase Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”), dated as of March 29, 2007, among SLM Education Credit Finance Corporation, in its capacity as seller (in such capacity, the “Seller”), SLM Funding LLC, as purchaser (the “Purchaser”), and The Bank of New York Trust Company, N.A., not in its individual capacity but solely as trustee on behalf of the Purchaser (the “Interim Trustee”) for the benefit of Purchaser under the Interim Trust Agreement dated as of March 29, 2007 between Purchaser and Interim Trustee, shall be effective upon execution by the parties hereto. References to Purchaser means the Interim Trustee for all purposes involving the holding or transferring of legal title to the Student Loans.

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