Common use of Settlement of the Payment Clause in Contracts

Settlement of the Payment. The Purchaser shall pay the Seller the purchase price set forth in Schedule 1 of each of the Pool Supplements by wire transfer in immediately available funds to the account specified by the Seller. In addition, the Purchaser will also issue the Class A-5 Notes to the Seller pursuant to the Indenture.

Appears in 2 contracts

Sources: Deposit and Sale Agreement (National Collegiate Student Loan Trust 2005-3), Deposit and Sale Agreement (National Collegiate Student Loan Trust 2004-2)

Settlement of the Payment. The Purchaser shall pay the Seller the purchase price set forth in Schedule 1 of each of the Pool Supplements by wire transfer in immediately available funds to the account specified by the Seller. In addition, the Purchaser will also issue the Class A-5 [___] Notes and the Class [___] Notes to the Seller pursuant to the Indenture.

Appears in 1 contract

Sources: Deposit and Sale Agreement (National Collegiate Funding LLC)