Common use of Refinancing Enrolled Loans Clause in Contracts

Refinancing Enrolled Loans. a) In the event that an Enrolled Loan that has not reached its maturity or due date is refinanced and the total amount to be covered under the Program does not exceed the covered amount of such Enrolled Loan, the Enrolled Loan, as refinanced, may continue as an Enrolled Loan and there shall be no additional premium charges payable or transferred into the Reserve Fund.

Refinancing Enrolled Loans. (a) In the event that an Enrolled Loan that has not reached its maturity or due date is refinanced and the total amount to be covered under the Program does not exceed the covered amount of such Enrolled Loanthe loan as previously enrolled, the Enrolled Loanloan, as refinanced, may continue as an Enrolled Loan and there shall be no additional premium charges payable or transferred to IBGC to transfer into the Reserve Fund.

Refinancing Enrolled Loans. (a) In the event that an Enrolled Loan that has not reached its maturity or due date is refinanced and the total amount to be covered under the Program does not exceed the covered amount of such Enrolled Loanthe loan as previously enrolled, the Enrolled Loanloan, as refinanced, may continue as an Enrolled Loan and there shall be no additional premium charges payable or transferred Center transfer into the Reserve Fund.