Access Loans definition
Examples of Access Loans in a sentence
In addition to the foregoing Record, the parties hereto acknowledge and agree that LAI may obtain from the Master Servicer (or the applicable Sub-Servicers) at the sole cost and expense of LAI such additional information as LAI may reasonably request concerning the Financed Student Loans which are Access Loans, including, but not limited to, information on defaults, average principal balance, and complaints.
No later than the fifteenth day of each month, and for so long as the Eligible Lender Trustee on behalf of the Trust shall own the Financed Student Loans, the Trust shall furnish to LAI or cause to be furnished in an electronic form suitable to LAI, a record of all Financed Student Loans which are Access Loans (the "Record"), as of the last day of the preceding month.
No later than the fifteenth day of each month, and for so long as the Eligible Lender Trustee on behalf of the Trust shall own the legal title to the Financed Student Loans, the Trust shall furnish to AGI or cause to be furnished in an electronic form suitable to AGI, a record of all Financed Student Loans which are Access Loans (the “Record”), as of the last day of the preceding month.
No later than the fifteenth day of each month, and for so long as the Eligible Lender Trustee on behalf of the Trust shall own the Financed Student Loans, the Trust shall furnish to LAI or cause to be furnished in an electronic form suitable to LAI, a record of all Financed Student Loans which are Access Loans (the “Record”), as of the last day of the preceding month.
All principal payments of Periodic Access Loans shall be accompanied by accrued interest on the principal amount being repaid to the date of payment.
Holding and the Subsidiary Borrowers have requested that the Credit Agreement be amended in order to permit (a) Holding to repurchase in an aggregate amount not to exceed $308,000,000 shares of its common stock, whether from ▇▇▇▇▇ ASI Partners L.P. or otherwise and (b) ASI to use the proceeds of the Revolving Loans and Periodic Access Loans to acquire, redeem or repay its 10-7/8% Senior Notes and to refinance such Loans prior to June 30, 1998.
In addition to the foregoing Record, the parties hereto acknowledge and agree that AGI may obtain from the Master Servicer (or the applicable Subservicers) at the sole cost and expense of AGI such additional information as AGI may reasonably request concerning the Financed Student Loans which are Access Loans, including, but not limited to, information on defaults, average principal balance, and complaints.
In addition to the foregoing Record, the parties hereto acknowledge and agree that AGI may obtain from the Master Servicer (or the applicable Sub-Servicers) at the sole cost and expense of AGI such additional information as AGI may reasonably request concerning the Financed Student Loans which are Access Loans, including, but not limited to, information on defaults, average principal balance, and complaints.
For the additional avoidance of doubt, business purpose Loan Accounts and Lending Club Access Loan Accounts are not included in the calculation of whether the Monthly Minimum Amount is reached in a given month, and there is no minimum monthly payment with respect to business purpose Loan Accounts or Lending Club Access Loans.
If Borrower does not agree to the change, Borrower must notify the Bank in writing within 25 days after the effective date of the change, and the Bank may close Borrower's Business Access Line of Credit and may elect to have Borrower pay all amounts due on or before the payment due date or, for Business Access Loans, allow the terms of the Credit Agreement, prior to modification, to continue to govern the Loan.