Common use of Delivery of the Notes and Payment Therefor Clause in Contracts

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office of Kutak Rock LLP, Denver, Colorado, at 11:00 a.m., Denver time, on Mar▇▇ ▇▇, ▇▇▇2 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters and the Company. The Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the Underwriters, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company and the Underwriters, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters Underwriter of and payment for the Notes shall be made at the office of Kutak Rock LLP____________, DenverNew York, ColoradoNew York, at 11:00 a.m., Denver New York time, on Mar▇▇ ▇▇________, ▇▇▇2 20__ (the "“Closing Date"”). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Underwriter and MRU Holdings. On the Company. The Closing Date, the Notes will be delivered to the Underwriters Underwriter against payment of the purchase price therefor to the Company Trust in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersUnderwriter, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company MRU Holdings and the UnderwritersUnderwriter, each Class class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("“DTC"”), and in the other cases, in such names and in such denominations as the Underwriters Underwriter shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters Underwriter shall be made available to the Underwriters Underwriter in DenverNew York, ColoradoNew York, for inspection and packaging not later than 9:30 a.m., Denver New York time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office offices of Kutak Rock LLP, ▇▇▇▇▇ ▇▇▇▇ LLP in Denver, Colorado, at 11:00 a.m., Denver timeMST, on Mar▇▇ ▇▇April 3, ▇▇▇2 2008 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Representatives and Nelnet Funding. On the Company. The Closing Date, the Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company Trust in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersRepresentatives, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the UnderwritersRepresentatives, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC DTC, and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next immediately preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office of Kutak Rock LLP, Denver, Colorado, at 11:00 a.m., Denver time, on MarOcto▇▇▇ ▇▇, ▇▇▇2 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Representatives and the CompanyNelnet Funding. The Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersRepresentatives, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the UnderwritersRepresentatives, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office offices of Kutak Rock LLP, LLP in Denver, Colorado, at 11:00 a.m., Denver timeMST, on MarMay 20, 20▇▇ (▇▇, ▇ "▇▇▇2 (the "Closing losing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Representatives and Nelnet Funding. On the Company. The Closing Date, the Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company Trust in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersRepresentatives, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the UnderwritersRepresentatives, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC DTC, and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next immediately preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Series 2004-1 Notes shall be made at the office of Kutak Rock LLP, Denver, Colorado, at 11:00 a.m., Denver time, on Mar▇▇ ▇▇, Stroock & Stroock & ▇▇▇2 ▇▇ LLP, at 10:00 a.m., Eastern Time, on May 20, 2004 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters and the Company. The Series 2004-1 Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the Underwriters, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company and the Underwriters, each Class Series of Series 2004-1 Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes Series of Series 2004-1 Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("“DTC"”), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Series 2004-1 Notes to be delivered to the Underwriters shall be made available to the Underwriters in DenverNew York, ColoradoNew York, for inspection and packaging not later than 9:30 a.m., Denver New York City time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Series 2005-1 Notes shall be made at the office of Kutak Rock LLP, Denver, Colorado, at 11:00 a.m., Denver time, on Mar▇▇ ▇▇, Stroock & Stroock & ▇▇▇2 ▇▇ LLP, at 10:00 a.m., Eastern Time, on January 31, 2005 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters and the Company. The Series 2005-1 Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the Underwriters, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company and the Underwriters, each Class Series of Series 2005-1 Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes Series of Series 2005-1 Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Series 2005-1 Notes to be delivered to the Underwriters shall be made available to the Underwriters in DenverNew York, ColoradoNew York, for inspection and packaging not later than 9:30 a.m., Denver New York City time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office of Kutak Rock Stroock & Stroock & ▇▇▇▇▇ LLP, DenverNew York, ColoradoNew York, at 11:00 a.m.1:00 p.m., Denver New York City time, on Mar▇▇ ▇▇July 29, ▇▇▇2 2003 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Representatives and the CompanyNelnet Funding. The Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersRepresentatives, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the UnderwritersRepresentatives, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office of Kutak Rock LLP, Denver, Colorado, at 11:00 a.m., Denver time, on Mar▇▇ May ▇▇, ▇▇▇2 ▇ (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Representatives and the CompanyNelnet Funding. The Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersRepresentatives, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the UnderwritersRepresentatives, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office offices of Kutak Rock LLP, LLP in Denver, Colorado, at 11:00 a.m., Denver timeMST, on Mar▇▇ ▇November 1▇, ▇▇▇2 ▇ (the ▇he "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Representatives and Nelnet Funding. On the Company. The Closing Date, the Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company Trust in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersRepresentatives, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the UnderwritersRepresentatives, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next immediately preceding the Closing Date.

Delivery of the Notes and Payment Therefor. (a) Delivery to the Underwriters Initial Purchasers of and payment for the Notes shall be made at the office of Kutak Rock Akin Gump ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇ LLP, Denver, Colorado, at 11:00 a.m., Denver time, on Mar▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇2 (▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, at 9:00 A.M., Texas time, on the "Closing Date"). The place of such closing for the Notes and the Closing Date may be varied by agreement between the Underwriters ▇▇▇▇▇▇ Brothers Inc. and the Company. . (b) The Notes will be delivered to the Underwriters Initial Purchasers, or the Trustee as custodian for The Depository Trust Company ("DTC"), against payment by or on behalf of the Initial Purchasers of the purchase price therefor to the Company in Federal Funds, by wire transfer in immediately available funds, by causing DTC to an account at a bank acceptable credit the Notes to the Underwriters, or such other form account of payment as to which the parties may agreeInitial Purchasers at DTC. Unless otherwise agreed to by the Company and the Underwriters, each Class of The Notes will be evidenced by a single one or more global security securities in definitive form deposited with (the Trustee as custodian for DTC and/or "Global Note") or by additional definitive securities, and will be registered, in the case of the global Classes of NotesGlobal Note, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters Initial Purchasers shall request prior to 1:00 p.m.9:30 A.M., New York City time, no later than on the second business day preceding the Closing Date. The Notes to be delivered to the Underwriters Initial Purchasers shall be made available to the Underwriters Initial Purchasers in Denver, Colorado, New York City for inspection and packaging not later than 9:30 a.m.A.M., Denver New York City time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office of Kutak Rock ▇▇▇▇▇ ▇▇▇▇ LLP, Denver, Colorado, at 11:00 a.m., Denver time, on Mar▇▇ ▇▇March 27, ▇▇▇2 2002 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters and the Company. The Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the Underwriters, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company and the Underwriters, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Offered Notes shall be made at the office of Kutak Rock LLP, Denver, Colorado, at 11:00 a.m., Denver time, on Mar▇▇▇▇▇▇▇ ▇▇, ▇▇▇2 ▇▇▇ & ▇▇▇▇ LLP, Two World Financial Center, New York, NY 10281 at 10:00 a.m, on June 10, 2004 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters and the CompanyIssuer. The Offered Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company Issuer in Federal Funds, by wire transfer to an account at a bank acceptable to the Underwriters, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company National Collegiate Funding and the Underwriters, each Class of Offered Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes classes of Offered Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day Business Day preceding the Closing Date. The Offered Notes to be delivered to the Underwriters shall be made available to the Underwriters in DenverNew York, ColoradoNew York, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day Business Day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office of Kutak Rock Stroock & Stroock & ▇▇▇▇▇ LLP, DenverNew York, ColoradoNew York, at 11:00 a.m.1:00 p.m., Denver New York City time, on Mar▇▇ ▇▇September 29, ▇▇▇2 2004 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters and Nelnet Funding. On the Company. The Closing Date, the Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company Trust in Federal Funds, by wire transfer to an account at a bank acceptable to the Underwriters, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the Underwriters, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next immediately preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office of Kutak Rock Stroock & Stroock & Lavan LLP, DenverNew York, ColoradoNew York, at 11:00 a.m.1:00 p.m., Denver New York City time, on Mar▇▇ ▇▇, ▇▇▇2 ▇ 29, 2003 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Representatives and the CompanyNelnet Funding. The Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersRepresentatives, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the UnderwritersRepresentatives, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters Underwriter of and payment for the Notes shall be made at the office of Kutak Rock LLPCadwalader Wickersham & Taft, DenverNew York, ColoradoNew York, at 11:00 a.m.1:00 p.m., Denver New York time, on Mar▇o▇ ▇▇, ▇▇▇ __, 2▇2 ▇▇ (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Underwriter and the Company. The Notes will be delivered to the Underwriters Underwriter against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersUnderwriter, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company and the UnderwritersUnderwriter, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters Underwriter shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters Underwriter shall be made available to the Underwriters Underwriter in DenverNew York, ColoradoNew York, for inspection and packaging not later than 9:30 11:30 a.m., Denver New York City time, on the business day next preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office offices of Kutak Rock LLP, ▇▇▇▇▇ ▇▇▇▇ LLP in Denver, Colorado, at 11:00 a.m., Denver timeMST, on Mar▇▇ ▇▇May 22, ▇▇▇2 2007 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Representatives and Nelnet Funding. On the Company. The Closing Date, the Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company Trust in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersRepresentatives, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the UnderwritersRepresentatives, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC DTC, and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next immediately preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office offices of Kutak Rock LLP, ▇▇▇▇▇ ▇▇▇▇ LLP in Denver, Colorado, at 11:00 a.m., Denver timeMST, on Mar▇▇ ▇▇March 10, ▇▇▇2 2008 (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters Representatives and Nelnet Funding. On the Company. The Closing Date, the Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company Trust in Federal Funds, by wire transfer to an account at a bank acceptable to the UnderwritersRepresentatives, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the UnderwritersRepresentatives, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC DTC, and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next immediately preceding the Closing Date.

Delivery of the Notes and Payment Therefor. Delivery to the Underwriters of and payment for the Notes shall be made at the office of Kutak Rock ▇▇▇▇▇ ▇▇▇▇ LLP, Denver, Colorado, at 11:00 a.m., Denver time, on Mar▇▇ ▇▇_______ __, ▇▇▇2 200_ (the "Closing Date"). The place of such closing and the Closing Date may be varied by agreement between the Underwriters and the CompanyNelnet Funding. The Notes will be delivered to the Underwriters against payment of the purchase price therefor to the Company in Federal Funds, by wire transfer to an account at a bank acceptable to the Underwriters, or such other form of payment as to which the parties may agree. Unless otherwise agreed to by the Company Nelnet Funding and the Underwriters, each Class of Notes will be evidenced by a single global security in definitive form deposited with the Trustee as custodian for DTC and/or by additional definitive securities, and will be registered, in the case of the global Classes of Notes, in the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), and in the other cases, in such names and in such denominations as the Underwriters shall request prior to 1:00 p.m., New York City time, no later than the business day preceding the Closing Date. The Notes to be delivered to the Underwriters shall be made available to the Underwriters in Denver, Colorado, for inspection and packaging not later than 9:30 a.m., Denver time, on the business day next preceding the Closing Date.