Purchaser Trustee definition
Examples of Purchaser Trustee in a sentence
In the course of such examinations and audits, Seller will make available to such representatives of any of Purchaser, each Underwriter, each Initial Purchaser, Trustee, Special Servicer and each Rating Agency reasonably adequate facilities, as well as the assistance of a sufficient number of knowledgeable and responsible individuals who are familiar with the Mortgage Loans and the terms of this Agreement, and Seller shall cooperate fully with any such examination and audit in all material respects.
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.
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.
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").
Each and every representation, warranty and covenant herein shall survive and remain continuing, operative and in full force and effect regardless of (x) any investigation made by or on behalf of the Seller, the Seller Trustee, the Purchaser, or the Purchaser Trustee, (y) the observance or performance of any covenant, agreement or obligation hereunder or (z) the conveyance of the FFELP Loans purchased hereunder.
By: ____________________________________ Name: Title: EXHIBIT D FORM OF SUPPLEMENTAL AGREEMENT SUPPLEMENTAL AGREEMENT This Supplemental Agreement (this "Agreement"), is dated and effective as of February 2, 1999, between GMAC Commercial Mortgage Corporation as seller (the "Seller") and Restructured Asset Certificates with Enhanced Returns, Series 1998-ML Trust as purchaser (the "Purchaser"), of which LaSalle National Bank is the trustee (in such capacity, the "Purchaser Trustee").
Each Purchaser, Trustee, Master Servicer and Depositor shall be a third-party beneficiary of this Agreement with respect to the applicable Servicing Arrangement.