Common use of Administration of the Program Clause in Contracts

Administration of the Program. The Authority is an Eligible Lender and will maintain such status to the extent permitted by the Higher Education Act and shall administer, operate and maintain the Program in such manner as to ensure that the Program and the Financed Eligible Loans are in material compliance with and will benefit from the benefits available under the Higher Education Act and the federal program of reimbursement for student loans pursuant to the Higher Education Act and will comply with the material provisions of the Higher Education Act and all other United States and state statutes and regulations which apply to the Program and to the Financed Eligible Loans.