Full Amount Owed. On the Purchase Date, the full amount of the unpaid Principal Balance of each Loan to be purchased will be owed by the Eligible Borrower(s) of such Loan.
Appears in 3 contracts
Samples: Loan Purchase and Sale Agreement, Loan Purchase and Sale Agreement (First Marblehead Corp), Loan Purchase and Sale Agreement (First Marblehead Corp)
Full Amount Owed. On the Purchase Date, the full amount of the unpaid Principal Balance of each Loan to be purchased will be owed by the Eligible Borrower(s) borrower and cosigner, if any, of such Loan.
Appears in 1 contract
Samples: Loan Purchase and Sale Agreement (First Marblehead Corp)
