Document:

Assignment Agreement

 EXHIBIT 10.12 
 ASSIGNMENT AGREEMENT 
 This Assignment Agreement (this “Assignment Agreement”) dated
as of June 7, 2007 is between Higher Education Funding III, LLC (“Seller”), Goal Capital Funding, LLC (“Buyer”), The Bank of New York Trust Company, N.A. (“BONY”), as eligible lender trustee
for the Seller (in such capacity, the “Seller ELT”) and The Bank of New York Trust Company, N.A. (as successor to JPMorgan Chase Bank, N.A.), as eligible lender trustee for the Buyer (in such capacity, the “Buyer
ELT”). 
 Reference is made to (i) that certain Loan Agreement dated as of November 5, 2004 (as amended, supplemented or
otherwise modified through the date hereof and as the same may be amended, supplemented, amended and restated or otherwise modified from time to time, the “Loan Agreement”) among Seller, as Issuer, Goal Financial, LLC
(“Goal”), as Master Servicer, the various Noteholders and Noteholder Agents from time to time party thereto, Barclays Bank PLC, as Administrator, and BONY, as Collateral Trustee and as Seller ELT, and (ii) the Purchase and Sale
Agreement dated as of November 5, 2004 (as amended, supplemented or otherwise modified through the date hereof and as the same may be amended, supplemented and restated or otherwise modified from time to time, the “Purchase and Sale
Agreement”) among Seller, each Originator party thereto and BONY, as eligible lender trustee for each such Originator and as Seller ELT. Unless otherwise defined herein, capitalized terms used herein have the meanings provided in the Loan
Agreement. 
 For purposes of allowing Buyer to enter into a new financing arrangement, Seller desires to sell to Buyer (and, solely in the
case of legal title thereto, to Buyer ELT), and Buyer (and, solely in the case of legal title thereto, Buyer ELT) desires to purchase from Seller, each of the Student Loans currently owned by Seller (and, solely in the case of legal title thereto,
by Seller ELT) that are listed on Schedule A hereto (the “Subject Assets”). Therefore, pursuant to the terms hereof, and upon the evidence satisfactory to the Administrator and each Noteholder Agent of a deposit into the
Collection Account of an amount equal to $611,500,000 (the “Purchase Price”) from Buyer (or the purchaser under the previously mentioned new financing arrangement), the receipt of which by Seller is hereby acknowledged, Seller (and,
solely in the case of legal title thereto, Seller ELT) hereby sells, assigns and transfers unto Buyer and its successors and assigns (and, solely in the case of legal title thereto, to Buyer ELT) all right, title and interest of such Person in and
to: 
  

	 	(a)	each Subject Asset; 

  

	 	(b)	all Related Security with respect to all such Subject Assets; and 

  

	 	(c)	all Collections in respect of, and other proceeds of, any of the foregoing (the property described in the foregoing clauses (a) through (c), collectively, the
“Transferred Property”). 

 The assignment of Seller (and, solely in the case of legal title to the Subject
Assets, of Seller ELT) made hereby is made without recourse, representation or warranty, except that Seller represents and warrants that (a) Seller (and, solely in the case of legal title thereto, Seller ELT), 

 
is the sole owner of the Subject Assets transferred hereby and (b) that Seller is transferring such Subject Assets free and clear of any lien or
encumbrance with respect thereto. It is the intention of Seller and Buyer that the assignment contemplated by this Assignment Agreement shall constitute a sale of the Subject Assets from Seller (and, in the case of legal title thereto, Seller ELT)
to Buyer (and, in the case of legal title thereto, Buyer ELT) and the beneficial interest in and title to the Subject Assets shall not be part of Seller’s estate in the event of the filing of a bankruptcy petition by or against Seller under any
bankruptcy law. 
 In the event (but only to the extent) that the conveyance of any Subject Asset hereunder is characterized by a court,
governmental authority or regulatory body as a loan rather than a sale, Seller shall be deemed to have granted to Buyer (and Seller ELT shall be deemed to have granted to Buyer ELT), and Seller hereby grants to Buyer (and Seller ELT hereby grants to
Buyer ELT), a security interest in all of its right, title and interest in, to and under such Subject Asset and any related Transferred Property. Each of Seller and Seller ELT authorizes Buyer and Buyer ELT to file any and all Uniform Commercial
Code financing statements deemed necessary by Buyer to perfect the security interests granted herein. 
 By signing in the space provided
below (a) each of the parties to the Loan Agreement hereby acknowledges and consents to the transfers contemplated herein and (b) upon the receipt by the Administrator and each Noteholder Agent of counterparts of this Assignment Agreement
signed by each of the parties hereto and evidence satisfactory to the Administrator and each Noteholder Agent of a deposit into the Collection Account of an amount equal to the Purchase Price (i) each Noteholder and the Collateral Trustee
hereby releases all of its right, title and interest in and to the Subject Assets, and hereby authorizes, at the expense of the Buyer, the filing of any applicable UCC partial termination statements necessary, in any applicable jurisdiction, to
effect such release with respect to the Subject Assets and (ii) each of the parties hereto hereby agrees, at the expense of, and upon written request by, the Buyer, to execute and deliver to the Buyer or its assigns such additional documents,
instruments, endorsements or authorizations, if any, that may be necessary in any applicable jurisdiction and/or reasonably requested by the Buyer at such time, in either case, to effect the release and conveyance of the Subject Assets as
contemplated hereby. 
 It being understood that both the Seller and the Buyer are disregarded entities and are wholly-owned by Goal, the
parties understand and acknowledge that the transfer of loans pursuant to this Assignment Agreement shall be of no effect for federal tax purposes. 
 This Assignment Agreement may be executed in any number of counterparts, and by the different parties hereto on the same or separate counterparts, each of which when so executed and delivered shall be deemed to be an original instrument but
all of which together shall constitute one and the same agreement. This Assignment Agreement may not be amended or otherwise modified except in writing executed by each of the parties hereto. 
 THIS ASSIGNMENT AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  

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 ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS ASSIGNMENT AGREEMENT OR ANY
TRANSACTION CONTEMPLATED HEREBY MAY BE INSTITUTED IN ANY FEDERAL OR STATE COURT IN THE COUNTY OF NEW YORK, STATE OF NEW YORK AND EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH
SUIT, ACTION OR PROCEEDING, AND, SOLELY FOR THE PURPOSES OF THIS ASSIGNMENT AGREEMENT, EACH PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING. 
  

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 IN WITNESS WHEREOF, the undersigned has caused this Assignment Agreement to be duly executed and
delivered by its duly authorized officer as of the date first written above. 
  

			
	 HIGHER EDUCATION FUNDING III, LLC,

	 as Seller

		
	By:	 	 /s/ Seamus Garland

	Name:	 	Seamus Garland
	Title:	 	CFO, Secretary & Treasurer

  

					
		 	S-1	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

			
	 GOAL CAPITAL FUNDING, LLC,

	 as Buyer

		
	By:	 	 /s/ Seamus Garland

	Name:	 	 Seamus Garland

	Title:	 	 CFO, Secretary & Head of Securitization

  

					
		 	S-2	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

			
	 THE BANK OF NEW YORK TRUST

	 COMPANY, N.A.,

	as Eligible Lender Trustee for Seller
		
	By:	 	 /s/ Nathan E. Turner

	Name:	 	 Nathan E. Turner

	Title:	 	 Assistant Treasurer

  

					
		 	S-3	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

			
	 THE BANK OF NEW YORK TRUST

	 COMPANY, N.A. (as successor to JPMorgan

	 Chase Bank, N.A.),

	as Eligible Lender Trustee for Buyer
		
	By:	 	 /s/ Nathan E. Turner

	Name:	 	Nathan E. Turner
	Title:	 	Assistant Treasurer

  

					
		 	S-4	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

			
	 GOAL FINANCIAL, LLC,

	 as Master Servicer

		
	By:	 	 /s/ Seamus Garland

	Name:	 	Seamus Garland
	Title:	 	 CFO, Senior Vice President,
Secretary & Treasurer

  

					
		 	S-5	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

			
	 BARCLAYS BANK PLC,

	as Administrator and
	Noteholder Agent for Sheffield Receivables Corporation
		
	By:	 	 /s/ Jeffrey Goldberg

	Name:	 	Jeffrey Goldberg
	Title:	 	Associate Director

  

					
		 	S-6	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

			
	SHEFFIELD RECEIVABLES CORPORATION,
	as Conduit Noteholder and Related Committed Noteholder
		
	By:	 	Barclays Bank PLC, as Attorney-in-Fact
		
	By:	 	 /s/ Janette Lieu

	Name:	 	Janette Lieu
	Title:	 	Director

  

					
		 	S-7	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

			
	NANTUCKET FUNDING CORP., LLC
	as a Conduit Noteholder.
		
	By:	 	 /s/ Lori Gebron

	Name:	 	Lori Gebron
	Title:	 	Vice President

  

					
		 	S-8	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

 DEUTSCHE BANK AG, NEW YORK BRANCH 
 as Related Committed Noteholder with respect to 
 Nantucket Funding Corp. LLC, and as Noteholder Agent.

  

			
	 By:
	 	 /s/ Sumeet Wadhera

	 Name:
	 	Sumeet Wadhera
	 Title:
	 	Director
		
	 By:
	 	 /s/ Peter Kim

	Name:	 	Peter Kim
	Title:	 	Vice President

  

					
		 	S-9	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

			
	THE BANK OF NEW YORK TRUST COMPANY, N.A.,
	as Collateral Trustee
		
	By:	 	 /s/ Nathan E. Turner

	Name:	 	Nathan E. Turner
	Title:	 	Assistant Treasurer

  

					
		 	S-10	 	 HEF III Assignment Agreement
 (Goal Capital Funding Trust 2007-1)

 SCHEDULE A 
 TO ASSIGNMENT AGREEMENT 
 SUBJECT ASSETS 
 A list of the Subject Assets has been provided by Seller to Buyer and such list is incorporated by reference into this Schedule A and forms a part of the Assignment
Agreement.Student Loan Repurchase Agreement

 Exhibit 10.13 
 STUDENT LOAN REPURCHASE AGREEMENT 
 This Student Loan Repurchase Agreement (this “Student Loan
Repurchase Agreement”) is made and entered into as of June 7, 2007, between GOAL FINANCIAL, LLC, a California limited liability company (“Goal”), and GOAL CAPITAL FUNDING TRUST 2007-1, a Delaware statutory trust
(the “Issuer”). 
 WITNESSETH: 
 WHEREAS, the Issuer will purchase student loans (the “Student Loans”) from Goal Capital Funding, LLC, a Delaware limited liability company (the “Depositor”) and an affiliate of Goal, pursuant to
that certain Loan Purchase Agreement dated as of the date hereof (the “Depositor Loan Purchase Agreement”) among the Issuer, the Depositor and the eligible lender trustees party thereto; and 
 WHEREAS, the Depositor may, pursuant to one or more loan purchase agreements (any such agreement, an “Originator Loan Purchase Agreement”)
between the Depositor and one or more affiliates of Goal (and their respective eligible lender trustees), purchase, either directly or indirectly through certain warehouse financing entities, Student Loans that are originated by one or more
affiliates of Goal (any such affiliate, an “Originator”) pursuant to Origination Agreements (as defined below); and 
 WHEREAS, the
Depositor entered into agreements (the “Servicing Agreements”) with Great Lakes Educational Loan Services, Inc. (“Great Lakes”) and ACS Education Services, Inc. (“ACS”, and together with Great Lakes, the
“Servicers”), pursuant to which the Servicers agreed to perform certain services with respect to the Student Loans; and 
 WHEREAS,
Originator may enter into agreements (any such agreement, an “Origination Agreement”) with the Servicers pursuant to which the Servicers agree to provide origination and other services; and 
 WHEREAS, pursuant to the Depositor Loan Purchase Agreement, the Depositor agreed, under certain circumstances, to repurchase Student Loans from the
Issuer, including any Student Loans that lose their applicable guarantee; and 
 WHEREAS, pursuant to an Originator Loan Purchase Agreement,
Originator may agree, under certain circumstances, to repurchase Student Loans from the Depositor, including any Student Loans that lose their guarantee; and 
 WHEREAS, pursuant to the Servicing Agreements, each Servicer agreed to purchase from the Depositor any Student Loans that lose their guarantee due to the misconduct or negligence of such Servicer; and 
 WHEREAS, pursuant to an Origination Agreement, the Servicer party thereto may agree to purchase from the Originator party thereto any Student Loan that
loses its guarantee due to the negligence or misconduct of such Servicer; and 

 WHEREAS, Goal has performed, and will continue to perform, certain marketing services with respect to the
Student Loans; and 
 WHEREAS, in order to induce the Issuer to purchase Student Loans from the Depositor pursuant to the Depositor Loan
Purchase Agreement, Goal desires to enter into this Student Loan Repurchase Agreement, pursuant to which it agrees to purchase from the Issuer any Student Loan that the Depositor and an Originator are required to repurchase and that none of the
Servicers is required to purchase, to the extent the Depositor and the applicable Originator fail to repurchase such Student Loan; 
 NOW,
THEREFORE, in consideration of the foregoing premises and mutual covenants herein contained, the parties agree as follows: 
 ARTICLE I

 REPRESENTATIONS, WARRANTIES AND COVENANTS 
 Section 1.1 Representations, Warranties and Covenants of Goal. Goal hereby represents, covenants, and warrants to the Issuer that: 
 (a) Organization and Authority of Goal. Goal is a duly organized and validly existing California limited liability company in good
standing under the laws of the State of California, and has all necessary statutory power and authority to own its assets and carry on its business as now being conducted; Goal has, and its officers have, all necessary statutory power and authority
to make and perform this Student Loan Repurchase Agreement, and has the power and authority to repurchase Student Loans as required under the terms hereof. 
 (b) Eligible Lender Status. If Goal is required to repurchase a Student Loan pursuant to this Student Loan Repurchase Agreement Goal will either: (i) have the Depositor, through The Bank of New York Trust
Company, N.A.(as successor to JPMorgan Chase Bank, N.A.), as its “eligible lender” under the Higher Education Act of 1965, as amended or supplemented from time to time, and all regulations promulgated thereunder (the “Higher Education
Act”), hold such Student Loan or (ii) engage another “eligible lender” to hold such Student Loan. 
 (c)
Legal and Binding Obligation. The execution, delivery and performance of this Student Loan Repurchase Agreement by Goal have been duly authorized by all necessary action, and do not require any member approval or approval or consent of, or
notice to, any trustee or holders of indebtedness or obligations of Goal; and upon due execution and delivery by the parties hereto, this Student Loan Repurchase Agreement will constitute the legal, valid and binding obligation of Goal, enforceable
against Goal in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditor’s rights generally and by general principles of
equity, regardless of whether enforceability is considered in a proceeding in equity or at law. 
  

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 (d) No Conflicts. Neither the execution, delivery or performance by Goal of this
Student Loan Repurchase Agreement, nor the consummation or performance by Goal of the transactions contemplated hereby, will conflict with, result in a violation of, or constitute a default (or an event which could constitute a default with the
passage of time or notice or both) under, (i) any of the terms of Goal’s organizational documents, or (ii) any indenture, mortgage, contract or other agreement to which Goal is a party or by which it or its properties are bound, or
any law or regulation by which it or its properties are bound, where, in the case of this clause (ii), such conflict, violation or default could have a material adverse effect on Goal’s ability to perform its obligations hereunder.

 (e) No Defaults or Violations. Goal is not in default under any mortgage, deed of trust, indenture or other
instrument or agreement to which Goal is a party or by which it or its properties are bound, or in violation of any law or regulation, which default or violation could have a material adverse effect on Goal’s ability for perform its obligations
hereunder. 
 (f) No Consents. No consent, approval or authorization of any government or governmental body is required
in connection with the execution, delivery and performance of this Student Loan Repurchase Agreement, or the consummation of the transactions contemplated hereby. 
 (g) No Litigation. There are no pending or threatened actions or proceedings by or before any court, administrative agency or
arbitrator, that could if adversely determined, be reasonably expected to materially and adversely affect the ability of Goal to perform its obligations hereunder, and there are no presently existing orders of any court, administrative agency or
arbitrator that could have a material and adverse effect on the ability of Goal to perform its obligations hereunder. 
 (h)
Continuing Obligation of Goal. Goal agrees that it will (i) remain in good standing and qualified to do business under the laws of the State of California and the jurisdictions in which it operates, (ii) conduct its business in
accordance with all applicable state and federal laws, and (iii) continue to be qualified to carry out this Student Loan Repurchase Agreement. 
 Section 1.2 Representations, Warranties and Covenants of the Issuer. The Issuer hereby represents, covenants, and warrants to Goal that: 
 (a) Organization and Authority of the Issuer. The Issuer is a duly organized and validly existing Delaware statutory trust in good
standing under the laws of the State of Delaware; the Issuer has, and the Persons acting on its behalf have, all necessary statutory power and authority to make and perform this Student Loan Repurchase Agreement. 
 (b) Legal and Binding Obligation. The execution, delivery and performance of this Student Loan Repurchase Agreement by the Issuer
have been duly authorized by all necessary action, and do not require any member approval or approval or consent of, or notice to, any trustee or holders of indebtedness or obligations of the Issuer; and upon 

  

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due execution and delivery by the parties hereto, this Student Loan Repurchase Agreement will constitute the legal, valid and binding obligation of the
Issuer, enforceable against the Issuer in accordance with its terms. 
 (c) No Conflict. Neither the execution,
delivery and performance by the Issuer of this Student Loan Repurchase Agreement, nor the consummation or performance by the Issuer of the transactions contemplated hereby, will conflict with, result in a violation of, or constitute a default (or an
event which could constitute a default with the passage of time or notice or both) under, (i) any of the terms of the Issuer’s organizational documents, or (ii) any indenture, mortgage, contract or other agreement to which the Issuer
is a party or by which it or its properties are bound, or any law or regulation by which it or its properties are bound, where, in the case of this clause (ii), such conflict, violation or default could have a material adverse effect on the
Issuer’s ability to perform its obligations hereunder. The Issuer is not a party to or bound by any agreement or instrument or subject to any charter or other corporate restrictions or judgment, order, writ, injunction, decree, law, rule or
regulation which could materially and adversely affect the ability of the Issuer to perform its obligations under this Student Loan Repurchase Agreement. 
 (d) No Defaults or Violations. The Issuer is not in default under any mortgage, deed of trust, indenture or other instrument or agreement to which the Issuer is a party or by which it or its properties are
bound, or in violation of any law or regulation, which default or violation could have a material adverse effect on the Issuer’s ability for perform its obligations hereunder. 
 (e) No Consents. No consent, approval or authorization of any government or governmental body is required in connection with the
execution, delivery and performance of this Student Loan Repurchase Agreement, or the consummation of the transactions contemplated hereby. 
 (f) No Litigation. There are no pending or threatened actions or proceedings by or before any court, administrative agency or arbitrator, that could if adversely determined, materially and adversely affect the
ability of the Issuer to perform its obligations hereunder, and there are no presently existing orders of any court, administrative agency or arbitrator that could have a material and adverse affect on the ability of the Issuer to perform its
obligations hereunder. 
 (g) Continuing Obligation of the Issuer. The Issuer agrees that during the term of this
Student Loan Repurchase Agreement, it will (i) remain in good standing and qualified to do business under the laws of the state of its organization and any other jurisdictions in which it operates, (ii) conduct its business in accordance
with all applicable state and federal laws, and (iii) continue to be qualified to carry out this Student Loan Repurchase Agreement. 
  

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 ARTICLE II 
 REPURCHASE OBLIGATION OF GOAL 
 Section 2.1 Conditions Precedent to Repurchase
Obligation. At the request of the Issuer or its assignee, or the Eligible Lender Trustee, Goal shall repurchase any Student Loan purchased by the Issuer pursuant to the Depositor Loan Purchase Agreement if: 
 (a) The Depositor is required to repurchase such Student Loan pursuant to the terms and provisions of the Depositor Loan Purchase
Agreement and fails to repurchase such Student Loan; 
 (b) The applicable Originator is required to repurchase such Student
Loan pursuant to an Originator Loan Purchase Agreement and fails to repurchase such Student Loan; and 
 (c) None of the
Servicers is required to purchase such Student Loan pursuant to the Servicing Agreements or any applicable Origination Agreements. 
 Section 2.2 Repurchase by Goal. Upon the occurrence of all of the conditions set forth in Section 2.1 hereof and upon the request of the Issuer, Goal shall pay to The Bank of New York Trust Company, N.A., as the
Issuer’s “eligible lender” under the Higher Education Act (the “Eligible Lender Trustee”) and as trustee (the “Trustee”) under the Indenture of Trust dated as of the date hereof (the “Indenture”) among
the Issuer, the Eligible Lender Trustee and the Trustee, for the account of the Issuer, an amount equal to the Repurchase Price (as defined in the Depositor Loan Purchase Agreement) with respect to the related Student Loan. 
 ARTICLE III 
 MISCELLANEOUS

 Section 3.1 Communications and Notices. Unless otherwise expressly provided herein, all notices, requests, demands
or other instruments which may or are required to be given by either party to the other or to the Eligible Lender Trustee, shall be in writing (which shall include those sent by facsimile or other electronic communication capable of providing a
written record), and each shall be deemed to have been properly given when served personally on an officer of the party to whom such notice is to be given, or upon expiration of a period of 48 hours from and after the postmark thereof when mailed
postage prepaid by registered or certified mail, requesting return receipt, or if sent electronically when received, addressed as follows: 
 If to Goal: 
 Goal Financial, LLC 
 Attn: Mr. Seamus Garland, Secretary 
 9477 Waples Street, Suite 100 
 San Diego, CA 92121 
 Facsimile:
(858) 320-6790 
 e-mail: sgarland@goalfinancial.net 
  

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 If to the Issuer: 
 Goal Capital Funding Trust 2007-1 
 c/o Goal Financial, LLC 
 Attn: Mr. Seamus Garland, Secretary 
 9477 Waples Street, Suite 100 
 San Diego, CA 92121 
 Facsimile: (858) 320-6790 
 e-mail: sgarland@goalfinancial.net 
 If to the Trustee: 
 The Bank of New York
Trust Company, N.A. 
 Attn: Corporate Trust Manager 
 10161 Centurion Parkway, 3rd Floor 
 Jacksonville, Florida 32256 
 Facsimile: (904) 645-1931 
 E-mail:
nturner@bankofny.com 
 If to the Eligible Lender Trustee: 
 The Bank of New York Trust Company, N.A. 
 Attn: Corporate Trust Manager 
 10161 Centurion Parkway, 3rd Floor 
 Jacksonville, Florida 32256 
 Facsimile: (904) 645-1931 
 E-mail: nturner@bankofny.com 
 Any party may change the address and name of the addressee to which subsequent notices are to be sent to it, by notice to the others given as aforesaid, but any such notice of change, if sent by mail or electronic
mail, shall not be effective until the 5th day after it is mailed or the 2nd day after it is electronically
transmitted, as applicable. 
 Section 3.2 Forms of Instruments, Proceedings. All instruments relating to the repurchase
of the Student Loans, and all proceedings to be taken in connection with this Student Loan Repurchase Agreement and the transactions contemplated herein, shall be in form and substance mutually satisfactory to Goal and the Issuer and their
respective counsel. 
 Section 3.3 Payment of Expenses. Each party to this Student Loan Repurchase Agreement shall pay its
own expenses incurred in connection with transactions herein contemplated. 
 Section 3.4 Non-Business Days. If the date
for taking any action required hereunder is not a Business Day (as defined in the Indenture), then such action can be taken, without interest or penalty, on the next succeeding Business Day, with the same force and effect as if such action was taken
on the required date. 
  

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 Section 3.5 Amendments, Modifications and Waivers. The provisions of this Student Loan
Repurchase Agreement cannot be amended, waived or modified unless such amendment, waiver or modification be in writing and signed by the parties hereto and a Rating Confirmation (as defined in the Indenture) has occurred. Inaction or failure to
demand strict performance shall not be deemed a waiver. 
 Section 3.6 Severability. If any provision of this Student Loan
Repurchase Agreement shall be held, or deemed to be or shall, in fact, be inoperative or unenforceable as applied in any particular situation, such circumstance shall not have the effect of rendering the provision in question inoperative or
unenforceable in any other situation or of rendering any other provision or provisions herein contained invalid, inoperative or unenforceable to any extent whatsoever. The invalidity of any one or more phrases, sentences, clauses or paragraphs
herein contained shall not affect the remaining portions of this Student Loan Repurchase Agreement or any part hereof. 
 Section 3.7
Remedies. Unless otherwise expressly provided herein, no remedy by the terms of this Student Loan Repurchase Agreement conferred upon or reserved to the Eligible Lender Trustee or the Issuer is intended to be exclusive of any other
remedy, but each and every such remedy shall be cumulative and in addition to every other remedy given under this Student Loan Repurchase Agreement or existing at law or in equity (including, without limitation, the right to such equitable relief by
way of injunction), or statute on or after the date of this Student Loan Repurchase Agreement. 
 Section 3.8 Assignment.
This Student Loan Repurchase Agreement may not be assigned or otherwise transferred, in whole or in part, by one party without the prior written consent of the other parties, which consent shall not unreasonably be withheld. 
 Section 3.9 Binding Effect. All covenants and agreements herein contained shall extend to and be obligatory upon all successors of the
respective parties hereto. 
 Section 3.10 Governing Law. THIS STUDENT LOAN REPURCHASE AGREEMENT SHALL BE CONSTRUED BY AND
INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTION 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW BUT OTHERWISE WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAW, AND THE RIGHTS, OBLIGATIONS AND REMEDIES
OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Section 3.11 Consent to
Jurisdiction. ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS STUDENT LOAN REPURCHASE AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY MAY BE INSTITUTED IN ANY FEDERAL OR STATE COURT IN THE COUNTY OF NEW YORK, STATE OF
NEW YORK AND EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING, AND, SOLELY FOR THE PURPOSES OF THIS STUDENT LOAN REPURCHASE AGREEMENT, EACH PARTY 

  

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HERETO HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING. 
 Section 3.12 Entire Agreement. This Student Loan Repurchase Agreement embodies and constitutes the entire understanding between the
parties with respect to the transactions contemplated by this Student Loan Repurchase Agreement, and all prior or contemporaneous agreements, understandings, representations and statements between the parties, written or oral, are merged into and
superseded by this Student Loan Repurchase Agreement. 
 Section 3.13 Counterparts. This Student Loan Repurchase Agreement
may be simultaneously executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. 
 Section 3.14 No Petition. Goal will not at any time institute against the Issuer any bankruptcy proceeding under any United States federal or State bankruptcy or similar law in connection with any
obligations of the Issuer under this Student Loan Repurchase Agreement. 
 Section 3.15 Limitation of Liability of the
Delaware Trustee. Notwithstanding anything contained herein to the contrary, this instrument has been executed by Wilmington Trust Company, not in its individual capacity but solely in its capacity as Delaware Trustee, and in no event shall
Wilmington Trust Company, in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, as to all of which recourse shall
be had solely to the assets of the Issuer. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Student Loan Repurchase Agreement to be duly executed as
of the day and year first above written. 
  

			
	 GOAL FINANCIAL, LLC

		
	 By:
	 	 /s/ Seamus Garland
  

	 Name:
	 	 Seamus Garland

	 Title:
	 	CFO, Senior Vice President, Secretary & Treasurer

  

					
		 	S-1	 	STUDENT LOAN REPURCHASE AGREEMENT

			
	 GOAL CAPITAL FUNDING TRUST 2007-1

		
	 By:
	 	Wilmington Trust Company, not in its individual capacity but solely as Delaware Trustee
		
	 By:
	 	 /s/ J. Christopher Murphy
  

	 Name:
	 	J. Christopher Murphy
	 Title:
	 	Financial Services Officer

  

					
		 	S-2	 	STUDENT LOAN REPURCHASE AGREEMENT

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