Examples of Purchaser Trustee in a sentence
The servicing agent on behalf of the Seller shall notify Borrowers under the FFELP Loans as required by the Higher Education Act of the assignment and transfer to the Purchaser Trustee of the Seller's interest in such FFELP Loans and the Seller shall direct each Borrower to make all payments thereon directly to the Purchaser or as it may otherwise designate.
This endorsement may be further manifested by attaching this instrument or a facsimile hereof to each or any of the Promissory Notes and related documentation acquired by the Purchaser Trustee on behalf of the Purchaser from Seller, or by attaching this instrument to the loan ledger schedule, as the Purchaser may require or deem necessary.
All right, title, and interest of Seller in and to the promissory notes and related documentation identified in the attached loan ledger are transferred and assigned to Purchaser Trustee on behalf of the Purchaser.
EXHIBIT C BLANKET ENDORSEMENT OF STUDENT LOAN PROMISSORY NOTES Pursuant to the Loan Sale and Contribution Agreement, dated as of ______ _, 2002 (the "Loan Sale and Contribution Agreement"), the undersigned ("Seller"), by execution of this instrument, hereby endorses all promissory notes purchased by Bankers Trust Company, as eligible lender trustee (the "Purchaser Trustee") for SLC Student Loan Receivables I, Inc.
EXHIBIT C BLANKET ENDORSEMENT OF STUDENT LOAN PROMISSORY NOTES Pursuant to the Loan Sale and Contribution Agreement, dated as of _______ __, 2002 (the "Loan Sale and Contribution Agreement"), the undersigned ("Seller"), by execution of this instrument, hereby endorses all promissory notes purchased by Bankers Trust Company, as eligible lender trustee (the "Purchaser Trustee") for SLC Student Loan Trust-I (the "Purchaser").
Any funds remaining with the Trustee or on deposit in the Pledged Accounts following the repayment in full of the Notes and the other Secured Obligations, the termination of the Commitment, the payment in full of all other amounts owed to the Noteholders and all amounts owed by the Issuer to the Note Purchaser, Trustee and Backup Servicer under the Basic Documents, and the satisfaction and discharge of this Indenture, shall be remitted to the Issuer.
The Seller, acting by and through the Seller Trustee, hereby agrees to sell to the Purchaser acting by and through the Purchaser Trustee, and the Purchaser, acting by and through the Purchaser Trustee under the Eligible Lender Trust Agreement, hereby agrees to purchase from the Seller by and through the Seller Trustee, such portfolios of FFELP Loans that are Eligible Loans, all pursuant to this Loan Sale Agreement and as set forth in the applicable Loan Transfer Addendum.
No failure on the part of Purchaser, Seller, Seller Trustee or Purchaser Trustee, and no delay in exercising, any right hereunder shall operate as a waiver thereof (unless waived in writing); nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right.
Seller shall pay (a) the fees of any counsel representing it in connection with this transaction; (b) one-half (1/2) of the premium for the base ALTA Owner’s Policy of Title Insurance to be issued to Purchaser by the Title Company at Closing; (c) one-half (1/2) of the cost of the Survey; and (d) one-half (1/2) of any escrow fee which may be charged by Title Company.
Seller, by execution of this Certificate, hereby endorses each promissory note purchased by the Purchaser Trustee or Purchaser.