Common use of OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS Clause in Contracts

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by SLMA with respect to amounts accrued after the Date of the ▇▇▇▇ of Sale for any Loan sold to Funding, which payment is not reflected in the Loan Transmittal Summary Form, shall be received by SLMA in trust for the account of Funding and SLMA hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, SLMA shall remit to Funding an amount equal to any such payments along with a listing on a form provided by Funding identifying the Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by SLMA with respect to any Loan subject to this Purchase Agreement shall be transmitted by SLMA to Servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by SLMA with respect to amounts accrued after the Date date of the related ▇▇▇▇ of Sale for any Loan sold to FundingPurchased Loan, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by SLMA in trust for the account of Funding and SLMA hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, SLMA shall remit to Funding an amount equal to any such payments along with a listing on a form provided by Funding identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by SLMA with respect to any Loan subject to this these Master Terms or the related Purchase Agreement shall be transmitted by SLMA to the Servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by SLMA with respect to amounts accrued after the Date of the ▇B▇▇▇ of Sale for any Loan sold to Funding, which payment is not reflected in the Loan Transmittal Summary Form, shall be received by SLMA in trust for the account of Funding and SLMA hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, SLMA shall remit to Funding an amount equal to any such payments along with a listing on a form provided by Funding identifying the Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by SLMA with respect to any Loan subject to this Purchase Agreement shall be transmitted by SLMA to Servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.