Student Loans Clause Samples

Student Loans. Student loans pro- vided they are purchased from a ▇▇▇▇▇- ally insured credit union only;

Student Loans. A Labor/Management Committee on Student Loans comprised of one (1) representative for each participating bargaining unit appointed by the respective bargaining agent and an equal number of management members appointed by the Governor shall be established to make recommendations to the parties on options for assisting employees with student loan repayment for consideration in bargaining for the next successor agreement. Committee members may participate in the work of the committee during working hours without loss of pay or benefits.

Student Loans. Scholarships may be utilized to cover outstanding student loan obligations, provided the candidate has satisfactorily completed the coursework for which the loan was obtained. In all cases, requests must include a current bill from a bona fide third-party lending institution as recognized by the US Department of Education, which must include: (1) a repayment address,

Student Loans. (a) For the avoidance of doubt, any student loan funding made by the Reinsurer or any Affiliate thereof, directly or indirectly through the arrangements with Richland State Bank under which such funding was effectuated as of the date of the Master Agreement or some other successor arrangement, shall be deemed to constitute performance pro tanto of the Reinsurer’s student loan funding obligations hereunder. The parties further acknowledge and agree that the Reinsurer’s obligation to fund student loans hereunder is limited to the amount that would not cause the aggregate par value of such loans made by or on behalf of the Ceding Company and [Mid-West; MEGA Life] following the Coinsurance Effective Date to exceed $10 million. (b) If the Student Loan Purchase Agreement (as defined in the Master Agreement) is terminated: (i) The Reinsurer’s funding obligation with respect to student loans will be performed through periodic settlements under the terms of this Agreement and the Coinsurance Agreement between the Reinsurer and [Mid-West; MEGA Life] and, in connection with such settlements, the Reinsurer will receive the full economic benefit of all interest, earnings, payments, fees and other considerations received by the Ceding Company and any of its Affiliates or designees in respect of any such loans as are so funded by the Reinsurer. Student loan-related settlements shall be effected on a monthly basis and otherwise in accordance with the information and other requirements set forth on Schedule 4.11 with respect thereto. (ii) The Ceding Company or any of its Affiliates shall retain all responsibility for servicing student loans funded by Reinsurer hereunder on terms (including pricing and service standards) substantially identical to the terms under which the other student loans owned by the Ceding Company or any of its Affiliates are serviced, and the Reinsurer or an Affiliate of the Reinsurer will reimburse the Ceding Company for the incremental servicing cost directly attributable to such student loans funded by the Reinsurer or any Affiliate of the Reinsurer (without any allocation of corporate overhead). [Note to draft: This section will only will appear in the MEGA and Mid-West coinsurance agreements, not the Chesapeake coinsurance agreement.]

Student Loans. Scholarships may be used for outstanding student loan obligations provided the contestant has satisfactorily completed the coursework for which the loan was obtained. In all cases, requests must include a current ▇▇▇▇ from the lender showing a current address, a copy of the promissory note showing that the contestant is either the primary or secondary payer of the obligation, and an official transcript showing completion of the coursework.

Student Loans. Each Student Loan to be financed with the proceeds of the Revolving Loans constitutes a FFELP Loan or Private Loan that satisfies the eligibility requirements determined by Lender in its discretion to be applicable in a "Aaa" securitization transaction for FFELP Loans or Private Loans in accordance with then-applicable M▇▇▇▇'▇ rating criteria, and each such Student Loan was made and is held in compliance with all Requirements of Law. Lender's determination of what M▇▇▇▇'▇ rating criteria apply for such purpose shall be conclusive for all purposes under this Agreement.

Student Loans. ‌ When a monthly student loan payment is provided on the credit report, that amount may be used for qualifying purposes. If the credit report does not reflect the correct monthly payment, the monthly payment that is on the student loan documentation (the most recent student loan statement) may be used to qualify the Borrower. If the credit report does not provide a monthly payment, it must be determined using one of the options below: • If the Borrower is on an income-driven payment plan, student loan documentation may be obtained to verify the actual monthly payment is $0 - The Borrower may then qualify with a $0 payment • For deferred loans or loans in forbearance, the following must be calculated:  A payment equal to 1% of the outstanding student loan balance (even if this amount is lower than the actual fully amortizing payment)  Fully amortizing payment using the documented loan repayment terms PROPERTY APPRAISAL REQUIREMENTS‌ 12.1 Number of Appraisals and Special Requirements‌‌ The number of appraisals required are as follows: (6) months > $1,500,000 – One (1) full appraisal with at least three (3) comps sold within past six (6) months and field review or Clear Capital CDA. If tolerance is greater than 10%, a second full appraisal is required. All transactions require a new appraisal. For properties purchased or refinanced within the past six

Student Loans. None of the Vendors have any dealing with any matter pertaining to student loans, whether or not funded or guaranteed by government and have no liability for same.

Student Loans. If a student obtains a loan, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund. If the student properly cancels the Enrollment Agreement and the student receives funding from a third-party source, the student is entitled to a refund of the money not paid from the third-party source. In the case of third-party source refunds, the refunds will go directly to the third-party source. If the student has received federal student financial aid funds, the student is entitled to a refund of the money not paid from federal student financial aid program funds.