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Common use of Cross Receipt Clause in Contracts

Cross Receipt. The Program Lender hereby acknowledges receipt of the Minimum Purchase Price. The Depositor hereby acknowledges receipt of the Transferred Bank of America Loans.

Appears in 15 contracts

Sources: Note Purchase Agreement, Pool Supplement (National Collegiate Student Loan Trust 2006-2), Note Purchase Agreement (First Marblehead Corp)

Related Clauses

  • Collection Notices
  • Books and Records; Certain Funds Received After the Cut-Off Date
  • Collection Services
  • Mortgage Payments Received After Transfer Date
  • Servicing Agreement General Summary

Parent Clauses

  • Miscellaneous
  • Agreement to Sell and Purchase
  • Actions at the Closing
  • Term and Termination
  • Confidentiality

Sub-Clauses

  • Successors and Assigns
  • Miscellaneous
  • Headings
  • REPRESENTATIONS AND WARRANTIES
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