Common use of Administrator Default Clause in Contracts

Administrator Default. 24 Section 5.02. Appointment of Successor.......................................25 Section 5.03. Notification to Noteholders and Certificateholders.............26 Section 5.04. Waiver of Past Defaults........................................26

Appears in 2 contracts

Sources: Administration Agreement (SLM Education Credit Funding LLC), Administration Agreement (SLM Education Credit Funding LLC)

Administrator Default. 24 22 Section 5.02. 5.2 Appointment of Successor.......................................25 ..................................................................... 23 Section 5.03. 5.3 Notification to Noteholders and Certificateholders.............26 ........................................... 24 Section 5.04. 5.4 Waiver of Past Defaults........................................26...................................................................... 24

Appears in 2 contracts

Sources: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)

Administrator Default. 24 Section 5.02. 5.2 Appointment of Successor............................................................................................ 25 Section 5.03. 5.3 Notification to Noteholders and Certificateholders.............Certificateholder............................ 26 Section 5.04. 5.4 Waiver of Past Defaults........................................26...................................................... 26 ARTICLE VI Section 6.1 Termination.................................................................. 26 ARTICLE VII Section 7.1 Protection of Interests in Trust............................................ 27

Appears in 1 contract

Sources: Administration Agreement (SLM Funding LLC)

Administrator Default. 24 23 Section 5.02. 5.2 Appointment of Successor.......................................25 ..................................................................... 24 Section 5.03. 5.3 Notification to Noteholders and Certificateholders.............26 ........................................... 25 Section 5.04. 5.4 Waiver of Past Defaults.............................................................................................................. 25 ARTICLE VI Section 6.1 Termination.................................................................................. 26

Appears in 1 contract

Sources: Administration Agreement (SLM Funding LLC)

Administrator Default. 24 20 Section 5.02. Appointment of Successor.......................................25 .......................................................... 21 Section 5.03. Notification to Noteholders and Certificateholders.............26 ................................ 22 Section 5.04. Waiver of Past Defaults........................................26........................................................... 22

Appears in 1 contract

Sources: Administration Agreement (SLM Education Credit Funding LLC)

Administrator Default. 24 Section 5.02. Appointment of Successor............................................................................. 25 Section 5.03. Notification to Noteholders and Certificateholders......................... 26 Section 5.04. Waiver of Past Defaults............................................................................... 26

Appears in 1 contract

Sources: Administration Agreement (SLM Education Credit Funding LLC)

Administrator Default. 24 33 Section 5.02. 5.2 Appointment of Successor.......................................25 ..................................................................... 34 Section 5.03. 5.3 Notification to Noteholders and Certificateholders.............26 ........................................... 35 Section 5.04. 5.4 Waiver of Past Defaults........................................26...................................................................... 35 ARTICLE VI Section 6.1 Termination.................................................................................. 36

Appears in 1 contract

Sources: Administration Agreement Supplement (SLM Funding LLC)

Administrator Default. 24 23 Section 5.02. 5.2 Appointment of Successor.......................................25 ......................................24 Section 5.03. 5.3 Notification to Noteholders and Certificateholders.............26 Holder of Trust Certificate..................................................25 Section 5.04. 5.4 Waiver of Past Defaults........................................26.......................................25 ARTICLE VI Section 6.1 Termination...................................................25

Appears in 1 contract

Sources: Administration Agreement (SLC Student Loan Trust 2006-2)

Administrator Default. 24 23 Section 5.02. Appointment of Successor.......................................25 ..........................................................................24 Section 5.03. Notification to Noteholders and Certificateholders.............26 ................................................25 Section 5.04. Waiver of Past Defaults........................................26...........................................................................25

Appears in 1 contract

Sources: Administration Agreement (SLM Education Credit Funding LLC)

Administrator Default. 24 Section 5.02. Appointment of Successor...............................................................................25 Section 5.03. Notification to Noteholders and Certificateholders.............26 Section 5.04. Waiver of Past Defaults......................................................26

Appears in 1 contract

Sources: Administration Agreement (SLM Education Credit Funding LLC)

Administrator Default. 24 22 06.1 Administration Agreement Section 5.02. 5.2 Appointment of Successor.......................................25 .............................................................. 23 Section 5.03. 5.3 Notification to Noteholders and Certificateholders.............26 .................................... 24 Section 5.04. 5.4 Waiver of Past Defaults........................................26............................................................... 24

Appears in 1 contract

Sources: Administration Agreement (SLM Funding LLC)

Administrator Default. 24 30 Section 5.02. 5.2 Appointment of Successor.......................................25 ..................................................................... 31 Section 5.03. 5.3 Notification to Noteholders and Certificateholders.............26 ........................................... 32 Section 5.04. 5.4 Waiver of Past Defaults........................................26...................................................................... 32 ARTICLE VI Section 6.1 Termination.................................................................................. 32

Appears in 1 contract

Sources: Administration Agreement (SLM Funding LLC)