Common use of Administrator’s Certificate; Servicer’s Report Clause in Contracts

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller a Servicer's Report with respect to the preceding calendar month containing all information necessary for the preparation of the applicable Transfer Agreement (including Schedule A), and (ii) the Closing Date or the fifteenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Transfer Date, the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's Report with respect to the preceding calendar month containing all information necessary for the Administrator's preparation of the Administrator's Officer's Certificate and the Administrator's Certificate covering such calendar month referred to in paragraphs (b) and (c) below. (b) On each Determination Date prior to a Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and (if the Seller is not the Administrator) the Seller, an Officer's Certificate of the Administrator containing all information necessary to pay the Master Servicer the Master Servicing Fee due on such Monthly Servicing Payment Date pursuant to Sections 5.05(b) and 5.06. In addition, on the Business Day preceding each Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee, and (if the Seller is not the Administrator) the Seller, an Officer's Certificate of the Administrator containing all information necessary to make the transfers from the Escrow Account and the Pre-Funding Account on such Transfer Date pursuant to Section 5.08. (c) On each Determination Date prior to a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and (if the Seller is not the Administrator) the Seller, with a copy to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 and 5.08(c)(i) and (ii), if applicable, for the Collection Period preceding the date of such Administrator's Certificate. Financed Student Loans to be repurchased by the Seller (whether pursuant to Section 2.03 or 3.02), purchased by the Master Servicer (or a Sub-Servicer on its behalf) or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule A).

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh tenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller Administrator a Servicer's ’s Report with respect to the preceding calendar month containing all information necessary for the Administrator to receive in connection with the preparation of the applicable Transfer Agreement (including Schedule A), and (iiAdministrator’s Officers’ Certificate covering such calendar month referred to in Section 3.1(b) below. On or before the Closing Date or the fifteenth tenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Transfer Date), preceding each Distribution Date the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's ’s Report with respect to the preceding calendar month Collection Period containing all information necessary for the Administrator's Administrator to receive in connection with the preparation of the Administrator's Officer's Certificate and the Administrator's ’s Certificate covering such calendar month Collection Period referred to in paragraphs (b) and (cSection 3.1(c) below. (b) On each Determination Date the second Business Day prior to a each Monthly Servicing Payment Allocation Date that is not a Quarterly Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee and the Indenture Trustee, the Indenture Trustee and (if the Seller is not the an Administrator) the Seller, an Officer's ’s Officers’ Certificate of the Administrator containing all information necessary to pay the Master Servicer the Master Primary Servicing Fee due on such Monthly Servicing Payment Date pursuant to Sections 5.05(b) and 5.06. In addition, on the Business Day preceding each Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee, and (if the Seller is not the Administrator) the Seller, an Officer's Certificate of the Administrator containing all information necessary to make the transfers from the Escrow Account and the Pre-Funding Account on such Transfer Allocation Date pursuant to Section 5.082.7(b) above and to make all other required allocations to the Future Distribution Account set forth in Section 2.8A above. (c) On each Determination Date prior to a Quarterly Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, Trustee and the Indenture Trustee and (if the Seller is not the Administrator) the SellerTrustee, with a copy to the Rating Agencies, an Administrator's ’s Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 2.7 and 5.08(c)(i) and (ii)2.8 above, if applicable, for the Collection Period preceding the date of such Administrator's ’s Certificate. Financed Student Loans Prior to each Determination Date, the Administrator shall determine the Note Rates that will be repurchased by applicable to the Seller (whether Quarterly Distribution Date following such Determination Date, in compliance with its obligation to prepare and deliver an Administrator’s Certificate on such Determination Date pursuant to this Section 2.03 or 3.02)3.1. In connection therewith, purchased by the Master Servicer (or a Sub-Servicer on its behalf) or acquired by any Guarantor shall be identified by the Administrator by type of loan shall calculate on each LIBOR Determination Date during such Accrual Period, the Two-Month LIBOR or Three-Month LIBOR, as applicable, for the first Accrual Period, and borrower social security number with respect for each subsequent Accrual Period shall calculate, as applicable, on each LIBOR Determination Date during such Accrual Period, Three-Month LIBOR. (d) The Administrator shall furnish to the Issuer from time to time such Financed Student Loan (information regarding the Collateral as specified in Schedule A)the Issuer shall reasonably request.

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller a Servicer's Report with respect to the preceding calendar month containing all information necessary for the preparation of the applicable Transfer Agreement (including Schedule A), and (ii) the Closing Date or the fifteenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Transfer Date, the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's Report with respect to the preceding calendar month containing all information necessary for the Administrator's preparation of the Administrator's Officer's Certificate and the Administrator's Certificate covering such calendar month referred to in paragraphs (b) and (c) below. (b) On each Determination Date prior to a Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee Trustee, the Securities Insurer, the Swap Counterparty and (if the Seller is not the Administrator) the Seller, an Officer's ’s Certificate of the Administrator containing all information necessary to pay the Master Servicer the Master Servicing Fee due on such Monthly Servicing Payment Date pursuant to Sections 5.05(b) and 5.06. In addition, on the Business Day preceding each Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee, the Securities Insurer and (if the Seller is not the Administrator) the Seller, an Officer's ’s Certificate of the Administrator containing all information necessary to make the transfers from the Escrow Account and the Pre-Funding Account on such Transfer Date pursuant to Section 5.08. (c) On each Determination Date prior to a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee Trustee, the Securities Insurer, the Swap Counterparty and (if the Seller is not the Administrator) the Seller, with a copy to the Rating Agencies, an Administrator's ’s Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 and 5.08(c)(i5.08(c) and (iid), if applicable, for the Collection Period preceding the date of such Administrator's ’s Certificate, as well as (x) the amount of the Net Trust Swap Payment or the Net Trust Swap Receipt (and the related Net Payment or Net Receipt, as applicable), (y) the amount of any Class A-1 Cap Payment and Class A-2 Cap Payment for such Distribution Date, and (z) the amount of any Deficiency Amount and any Preference Amounts, as applicable. In addition, the Administrator shall prepare and deliver to the Indenture Trustee any required Securities Guaranty Insurance Policy Notice to permit the Indenture Trustee to make a claim for an Insured Payment with respect to such Distribution Date under the Securities Guaranty Insurance Policy. Financed Student Loans to be repurchased by the Seller (whether pursuant to Section 2.03 or 3.02), purchased by the Master Servicer (or a Sub-Servicer on its behalf) or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule A).

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller Depositor, the Administrator and KBUSA a Servicer's Report with respect to the preceding calendar month containing all information necessary for the preparation of the applicable Subsequent Transfer Agreement (including Schedule AA thereto), and (ii) the Closing Date or the fifteenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Subsequent Transfer Date, the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's Report with respect to the preceding calendar month containing all information necessary for the Administrator's preparation of the Administrator's Officer's Certificate and the Administrator's Certificate covering such calendar month referred to in paragraphs (b) and (c) below. (b) On each Determination Date prior to a Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee Trustee, the Securities Insurer, the Depositor, the Swap Counterparty and (if the Seller KBUSA is not the Administrator) the SellerKBUSA, an Officer's Certificate of the Administrator containing all information necessary to pay the Master Servicer the related Master Servicing Fee for each group of Financed Student Loans due on such Monthly Servicing Payment Date pursuant to Sections 5.05(b) and 5.06. In addition, on the Business Day preceding each Subsequent Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee, the Securities Insurer, the Depositor and (if the Seller KBUSA is not the Administrator) the SellerKBUSA, an Officer's Certificate of the Administrator containing all information necessary to make the transfers from the Group I and Group II Escrow Account Account, as applicable, and the Group I and Group II Pre-Funding Account Account, as applicable, on such Subsequent Transfer Date pursuant to Section 5.08. (c) On each Determination Date prior to a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee Trustee, the Securities Insurer, the Swap Counterparty, the Cap Counterparty, the Cap Provider, the Depositor and (if the Seller KBUSA is not the Administrator) the Sellerto KBUSA, with a copy to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 and 5.08(c)(i5.08(c) and (iid), if applicable, for the Collection Period preceding the date of such Administrator's Certificate, as well as (w) with respect to the Group II Cap Agreement, the amount of any Group II Cap Agreement Payment for such Distribution Date, (x) with respect to the Group I Swap Agreement, the amount of the Net Trust Swap Payment or the Net Trust Swap Receipt (and the related Net Payment or Net Receipt, as applicable), (y) (i) with respect to the Group I Basis Risk Cap Agreement, the amount of any Class I-[ ] Basis Risk Cap Payment, Class I-[ ] Basis Risk Cap Payment and Class I-[ ] Basis Risk Cap Payment, as the case may be, and (ii) with respect to the Group II Basis Risk Cap Agreement, the amount of any Class II-[ ] Basis Risk Cap Payment, Class II-[ ] Basis Risk Cap Payment, Class II-[ ] Basis Risk Cap Payment and Class II-[ ] Basis Risk Cap Payment for such Distribution Date, as the case may be, and (z) with respect to the Group II Insured Notes, the amount of any Deficiency Amount and any Preference Amounts, as applicable. Financed In addition, the Administrator shall prepare and deliver to the Indenture Trustee any required Group II Insured Notes Guaranty Insurance Policy Notice to permit the Indenture Trustee to make a claim for an Insured Payment with respect to such Distribution Date under the Group II Insured Notes Guaranty Insurance Policy. All Group I and/or Group II Student Loans to be repurchased by the Seller Depositor (whether pursuant to Section 2.03 or 3.02), KBUSA on its behalf) or purchased by the Master Servicer (or a Sub-Servicer on its behalf) or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Group I or Group II Student Loan (as specified in Schedule A▇-▇, ▇-▇, ▇-▇-▇, ▇-▇-▇, ▇-▇-▇ or B-2-B, as the case may be).

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller Depositor, the Administrator and KBUSA a Servicer's Report with respect to the preceding calendar month containing all information necessary for the preparation of the applicable Subsequent Transfer Agreement (including Schedule AA thereto), and (ii) the Closing Date or the fifteenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Subsequent Transfer Date, the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's Report with respect to the preceding calendar month containing all information necessary for the Administrator's preparation of the Administrator's Officer's Certificate and the Administrator's Certificate covering such calendar month referred to in paragraphs (b) and (c) below. (b) On each Determination Date prior to a Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee Trustee, the Securities Insurer, the Depositor, the Swap Counterparty and (if the Seller KBUSA is not the Administrator) the SellerKBUSA, an Officer's Certificate of the Administrator containing all information necessary to pay the Master Servicer the related Master Servicing Fee for each group of Financed Student Loans due on such Monthly Servicing Payment Date pursuant to Sections 5.05(b) and 5.06. In addition, on the Business Day preceding each Subsequent Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee, the Securities Insurer, the Depositor and (if the Seller KBUSA is not the Administrator) the SellerKBUSA, an Officer's Certificate of the Administrator containing all information necessary to make the transfers from the Group I and Group II Escrow Account Account, as applicable, and the Group I and Group II Pre-Funding Account Account, as applicable, on such Subsequent Transfer Date pursuant to Section 5.08. (c) On each Determination Date prior to a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee Trustee, the Securities Insurer, the Swap Counterparty, the Depositor and (if the Seller KBUSA is not the Administrator) the SellerKBUSA, with a copy to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 and 5.08(c)(i5.08(c) and (iid), if applicable, for the Collection Period preceding the date of such Administrator's Certificate, as well as (x) with respect to each of the Interest Rate Swaps, the amount of the related Net Trust Swap Payment or the related Net Trust Swap Receipt (and the related Net Payment or Net Receipt, as applicable), (y) (i) with respect to the Group I Cap Agreement, the amount of any Class I-A-1 Cap Payment, Class I-A-2 Cap Payment and Class I-B Cap Payment, as the case may be, and (ii) with respect to the Group II Cap Agreement, the amount of any Class II-A-1 Cap Payment and Class II-A-2 Cap Payment for such Distribution Date, as the case may be, and (z) with respect to the Group II Notes, the amount of any Deficiency Amount and any Preference Amounts, as applicable. Financed In addition, the Administrator shall prepare and deliver to the Indenture Trustee any required Group II Notes Guaranty Insurance Policy Notice to permit the Indenture Trustee to make a claim for an Insured Payment with respect to such Distribution Date under the Group II Notes Guaranty Insurance Policy. All Group I and/or Group II Student Loans to be repurchased by the Seller Depositor (whether pursuant to Section 2.03 or 3.02), KBUSA on its behalf) or purchased by the Master Servicer (or a Sub-Servicer on its behalf) or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Group I Student Loan (as specified in Schedule AA-1, A-2, B-1 or B-2, as the case may be).

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller a Servicer's ’s Report with respect to the preceding calendar month containing all information necessary for the preparation of the applicable Transfer Agreement (including Schedule A), and (ii) the Closing Date or the fifteenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Transfer Date, the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's ’s Report with respect to the preceding calendar month containing all information necessary for the Administrator's ’s preparation of the Administrator's ’s Officer's ’s Certificate and the Administrator's ’s Certificate covering such calendar month referred to in paragraphs (b) and (c) below. (b) On each Determination Date prior to a Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee Trustee, the Securities Insurer, the Swap Counterparty and (if the Seller is not the Administrator) the Seller, an Officer's ’s Certificate of the Administrator containing all information necessary to pay the Master Servicer the Master Servicing Fee due on such Monthly Servicing Payment Date pursuant to Sections 5.05(b) and 5.06. In addition, on the Business Day preceding each Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee, the Securities Insurer and (if the Seller is not the Administrator) the Seller, an Officer's ’s Certificate of the Administrator containing all information necessary to make the transfers from the Escrow Account and the Pre-Funding Account on such Transfer Date pursuant to Section 5.08. (c) On each Determination Date prior to a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee Trustee, the Securities Insurer, the Swap Counterparty and (if the Seller is not the Administrator) the Seller, with a copy to the Rating Agencies, an Administrator's ’s Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 and 5.08(c)(i5.08(c) and (iid), if applicable, for the Collection Period preceding the date of such Administrator's ’s Certificate, as well as (x) the amount of the Net Trust Swap Payment or the Net Trust Swap Receipt (and the related Net Payment or Net Receipt, as applicable), (y) the amount of any Class A-1 Cap Payment and Class A-2 Cap Payment for such Distribution Date, and (z) the amount of any Deficiency Amount and any Preference Amounts, as applicable. In addition, the Administrator shall prepare and deliver to the Indenture Trustee any required Securities Guaranty Insurance Policy Notice to permit the Indenture Trustee to make a claim for an Insured Payment with respect to such Distribution Date under the Securities Guaranty Insurance Policy. Financed Student Loans to be repurchased by the Seller (whether pursuant to Section 2.03 or 3.02), purchased by the Master Servicer (or a Sub-Servicer on its behalf) or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule A).

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller a Servicer's Report with respect to the preceding calendar month containing all information necessary for the preparation of the applicable Transfer Agreement (including Schedule A), and (ii) the Closing Date or the fifteenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Transfer Date, the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's Report with respect to the preceding calendar month containing all information necessary for the Administrator's preparation of the Administrator's Officer's Certificate and the Administrator's Certificate covering such calendar month referred to in paragraphs (b) and (c) below. (b) On each Determination Date prior to a Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and (if the Seller is not the Administrator) the Seller, an Officer's Certificate of the Administrator containing all information necessary to pay the Master Servicer the Master Servicing Fee due on such Monthly Servicing Payment Date pursuant to Sections 5.05(b) and 5.06. In addition, on the Business Day preceding each Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee, and (if the Seller is not the Administrator) the Seller, an Officer's Certificate of the Administrator containing all information necessary to make the transfers from the Escrow Account and the Pre-Funding Account on such Transfer Date pursuant to Section 5.08. (c) On each Determination Date prior to a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and (if the Seller is not the Administrator) the Seller, with a copy to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 and 5.08(c)(i) and (ii), if applicable, for the Collection Period preceding the date of such Administrator's Certificate. Financed Student Loans to be repurchased by the Seller (whether pursuant to Section 2.03 or 3.02), purchased by the Master Servicer (or a Sub-Servicer on its behalf) or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule A).

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller Depositor, the Administrator and KBNA a Servicer's ’s Report with respect to the preceding calendar month containing all information necessary for the preparation of the applicable Subsequent Transfer Agreement (including Schedule AA thereto), and (ii) the Closing Date or the fifteenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Subsequent Transfer Date, the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's ’s Report with respect to the preceding calendar month containing all information necessary for the Administrator's ’s preparation of the Administrator's ’s Officer's ’s Certificate and the Administrator's ’s Certificate covering such calendar month referred to in paragraphs (b) and (c) below. (b) On each Determination Date prior to a Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall deliver to the Eligible Lender Owner Trustee, the Indenture Trustee Trustee, the Depositor and (if the Seller KBNA is not the Administrator) the SellerKBNA, an Officer's ’s Certificate of the Administrator containing all information necessary to pay the Master Servicer the related Master Servicing Fee for each group of Financed Student Loans due on such Monthly Servicing Payment Date pursuant to Sections 5.05(b) and 5.06, as well as any Campus Door Fees payable to the Master Servicer on such Monthly Servicing Payment Date. In addition, on the Business Day preceding each Subsequent Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Owner Trustee, the Indenture Trustee, the Depositor and (if the Seller KBNA is not the Administrator) the SellerKBNA, an Officer's ’s Certificate of the Administrator containing all information necessary to make the transfers from the [Group I] and [Group II] Escrow Account Account, as applicable, and the [Group I] and [Group II] Pre-Funding Account Account, as applicable, on such Subsequent Transfer Date pursuant to Section 5.08. (c) On each Determination Date prior to a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Owner Trustee, the Indenture Trustee Trustee, the Paying Agent, the Depositor and (if the Seller KBNA is not the Administrator) the Sellerto KBNA, with a copy to the Rating Agencies, an Administrator's ’s Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 and 5.08(c)(i5.08(c) and (iid), if applicable, for the Collection Period preceding the date of such Administrator's ’s Certificate. Financed All [Group I] and/or [Group II] Student Loans to be repurchased by the Seller Depositor (whether pursuant to Section 2.03 or 3.02), KBNA on its behalf) or purchased by the Master Servicer (or a Sub-Servicer on its behalf) or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security unique loan identification number with respect to such Financed [Group I] or [Group II] Student Loan (as specified in Schedule A▇-▇, ▇-▇, ▇-▇-▇, ▇-▇-▇, ▇-▇-▇ or B-2-B, as the case may be).

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller Depositor, the Administrator and KBNA a Servicer's ’s Report with respect to the preceding calendar month containing all information necessary for the preparation of the applicable Subsequent Transfer Agreement (including Schedule AA thereto), and (ii) the Closing Date or the fifteenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Subsequent Transfer Date, the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's ’s Report with respect to the preceding calendar month containing all information necessary for the Administrator's ’s preparation of the Administrator's ’s Officer's ’s Certificate and the Administrator's ’s Certificate covering such calendar month referred to in paragraphs (b) and (c) below. (b) On each Determination Date prior to a Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall deliver to the Eligible Lender Owner Trustee, the Indenture Trustee Trustee, the Depositor and (if the Seller KBNA is not the Administrator) the SellerKBNA, an Officer's ’s Certificate of the Administrator containing all information necessary to pay the Master Servicer the related Master Servicing Fee for each group of Financed Student Loans due on such Monthly Servicing Payment Date pursuant to Sections 5.05(b) and 5.06, as well as any Campus Door Fees payable to the Master Servicer on such Monthly Servicing Payment Date. In addition, on the Business Day preceding each Subsequent Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Owner Trustee, the Indenture Trustee, the Depositor and (if the Seller KBNA is not the Administrator) the SellerKBNA, an Officer's ’s Certificate of the Administrator containing all information necessary to make the transfers from the Group I and Group II Escrow Account Account, as applicable, and the Group I and Group II Pre-Funding Account Account, as applicable, on such Subsequent Transfer Date pursuant to Section 5.08. (c) On each Determination Date prior to a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee, the Owner Trustee, the Indenture Trustee Trustee, the Paying Agent, the Depositor and (if the Seller KBNA is not the Administrator) the Sellerto KBNA, with a copy to the Rating Agencies, an Administrator's ’s Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 and 5.08(c)(i5.08(c) and (iid), if applicable, for the Collection Period preceding the date of such Administrator's ’s Certificate. Financed All Group I and/or Group II Student Loans to be repurchased by the Seller Depositor (whether pursuant to Section 2.03 or 3.02), KBNA on its behalf) or purchased by the Master Servicer (or a Sub-Servicer on its behalf) or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security unique loan identification number with respect to such Financed Group I or Group II Student Loan (as specified in Schedule A▇-▇, ▇-▇, ▇-▇-▇, ▇-▇-▇, ▇-▇-▇ or B-2-B, as the case may be).

Administrator’s Certificate; Servicer’s Report. (a) On or before (i) the seventh tenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Seller Administrator a Servicer's Report with respect to the preceding calendar month containing all information necessary for the Administrator to receive in connection with the preparation of the applicable Transfer Agreement (including Schedule A), and (iiAdministrator's Officers' Certificate covering such calendar month referred to in Section 3.1(b) below. On or before the Closing Date or the fifteenth tenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day) or any other Transfer Date), preceding each Distribution Date the Master Servicer shall (or shall cause each Sub-Servicer to) deliver to the Administrator a Servicer's Report with respect to the preceding calendar month Collection Period containing all information necessary for the Administrator's Administrator to receive in connection with the preparation of the Administrator's Officer's Certificate and the Administrator's Certificate covering such calendar month Collection Period referred to in paragraphs (b) and (cSection 3.1(c) below. (b) On each Determination Date the second Business Day prior to a each Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall deliver to the Eligible Lender Trustee and the Indenture Trustee, the Indenture Trustee and (if the Seller is not the an Administrator) the Seller, an Officer's Officers' Certificate of the Administrator containing all information necessary to pay the Master Servicer the Master Primary Servicing Fee due on such Monthly Servicing Payment Date pursuant to Sections 5.05(bSection 2.7(b) and 5.06. In addition, on the Business Day preceding each Transfer Date during the Funding Period, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee, and (if the Seller is not the Administrator) the Seller, an Officer's Certificate of the Administrator containing all information necessary to make the transfers from the Escrow Account and the Pre-Funding Account on such Transfer Date pursuant to Section 5.08above. (c) On each Determination Date prior to a Distribution DateDate or earlier to the extent required for the Indenture Trustee to make distributions to any Swap Counterparty, the Administrator shall deliver to the Eligible Lender Trustee, Trustee and the Indenture Trustee and (if the Seller is not the Administrator) the SellerTrustee, with a copy to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.05, 5.06 2.7 and 5.08(c)(i) and (ii)2.8 above, if applicable, for the Collection Period preceding the date of such Administrator's Certificate. Financed Student Loans . (d) Prior to each Determination Date, the Administrator shall determine the Note Rates and that will be repurchased by applicable to the Seller (whether Distribution Date following such Determination Date, in compliance with its obligation to prepare and deliver an Administrator's Certificate on such Determination Date pursuant to this Section 2.03 3. 1. In connection therewith, the Administrator shall calculate Five-Month LIBOR or 3.02)Four-Month LIBOR, purchased by as applicable, and Five-Month EURIBOR or Four-Month EURIBOR, as applicable, for the Master Servicer first Accrual Period, and for each subsequent Accrual Period shall calculate, as applicable, on each Interest Rate Determination Date during such Accrual Period, Three-Month LIBOR, Three-Month EURIBOR, GBP-LIBOR, the Commercial Paper Rate, the CMT Rate, the Federal Funds Rate, the 91-day Treasury ▇▇▇▇ Rate, the Prime Rate (or a Sub-Servicer on its behalfin each case only if applicable to any class of Reset Rate Notes during such Accrual Period) or acquired by any Guarantor shall be identified by other rate or index relevant to the payment of interest of any Note, in accordance with the definitions of each such Index. In addition, the Administrator by type hereby accepts the delegation to it of loan and borrower social security number with respect the obligations of the "Calculation Agent" under any Swap Agreement, as applicable, to which the Issuer is a party. (e) The Administrator hereby accepts the delegation to it of the obligations of the "Calculation Agent" under the Interest Rate Cap Agreement to which the Issuer is a party, as applicable. (f) The Administrator shall furnish to the Issuer from time to time such Financed Student Loan (information regarding the Collateral as specified in Schedule A)the Issuer shall reasonably request.