Examples of NCSLT Trusts in a sentence
Except as expressly set forth in this Section 4, neither of the FMC Parties nor any other Person makes any representation or warranty, express or implied, at law or in equity, in respect of the Asset Services Agreement, the Advisory Fee payable thereunder, any Structuring Advisory Agreements or any Structuring Advisory Fees payable thereunder, the NCSLT Trusts or any of their respective assets, liabilities or operations, and any such other representations or warranties are hereby expressly disclaimed.
Owner agrees that it will not adopt, and will not cause the NCSLT Trusts to adopt, a privacy policy with respect to Student Loans that would materially restrict FMC’s rights to receive and use Updates, except as otherwise required by law.
Owner, or the administrator of the NCSLT Trusts on Owner’s behalf, shall send to the Update Vendor all monthly reports provided by the servicers of the Student Loans.
Included within the amounts to be repaid, but in no way limiting the same, shall be salary paid to the officer while attending the Academy, the cost of books, tuition (if any is paid), uniforms, other school materials and costs incurred but the Town in collecting such sums (including reasonable attorneys’ fees) from such voluntarily terminating employees.
Except for the statutory conversion of GATE Holdings, Inc., a Delaware corporation, to a statutory trust, (a) there has not been any predecessor legal entity of the Company, NCF or any of the NCSLT Trusts and (b) there has not been any transferor to any of them in a transaction that was wholly or partially a nonrecognition transaction.
The majority of our additional structural advisory fee receivables recorded by our Education Financing segment are due from the NCSLT Trusts, and all of our asset servicing fees due from the third-party owner of the Trust Certificate are dependent upon the performance of such trusts.
In this action, counsel for the NCSLT Trusts initially agreed to enter a Consent Judgment, substantially admitting to the underlying allegations in the Complaint, including the following stipulation of fact:Since at least November 1, 2012, in order to collect on defaulted private student loans, Defendants’ Servicers filed Collections Lawsuits on behalf of Defendants in state courts across the country.
Seller has advised Purchaser that the NCSLT Trusts, the amount and timing of Cash Flows and the value of the Residuals are potentially materially adversely affected by the bankruptcy proceeding involving The Education Resources Institute, Inc.
Under no circumstance will we receive cash for our asset servicing fees until residual cash flows are distributed from the NCSLT Trusts.
In addition, the NCSLT Trusts have been structured to provide recourse only to the assets of that particular securitization trust and not to the assets of FMD, its subsidiaries or any other securitization trust.