Alternative Loan definition

Alternative Loan. Any educational loan made or purchased by ISAC other than a loan made pursuant to Title IV of the Higher Education Act of 1965, as amended (20 USC 1071 et seq.), or any other federal statute providing for federal insurance of education loans to borrowers.
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Alternative Loan means a Student Loan which is not made pursuant to the Higher Education Act, but which may be (but is not required to be) guaranteed by a third party.
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Alternative Loan means an obligation acquired or to be acquired by the Corporation with funds made available pursuant to the General Resolution which represents advances of money made to or on behalf of a student evidenced by one or more promissory notes, the payment of principal of and interest on which is not insured by a Guarantee Agency nor reinsured by the Secretary under the Higher Education Act; provided that such Alternative Loans may be made only upon confirmation of ratings on the Bonds by each Rating Agency.
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Examples of Alternative Loan in a sentence

  • Actual results could differ from those estimates.Related Party TransactionsThe Alternative Loan Fund in Residential Housing Finance continues to reflect outstanding advances made in fiscal year 1997 for the purpose of optionally redeeming bonds in Rental Housing.

  • The Customer agrees to use Alternative Loan Application Channels in line with their respective terms of use published occasionally by Home Credit such as Terms of Use regarding the Online Customer Portal.

  • Unless receiving notice of any change, Home Credit will continue to provide Alternative Loan Application Channels and/or EServices via the Customer’s Registered Contact Details until receipt of the notice of changes from Customer.

  • This certificate is one of a duly authorized issue of certificates designated as CMALT (CitiMortgage Alternative Loan Trust), Series 2006-A6 REMIC Pass-Through Certificates, consisting of twelve senior classes, six subordinated classes and two classes of residual certificates.

  • This certificate is one of a duly authorized issue of certificates designated as CMALT (CitiMortgage Alternative Loan Trust), Series 2007-A2 REMIC Pass-Through Certificates, consisting of twenty senior classes, six subordinated classes and three classes of residual certificates.

  • Alternative Loan Trust 2006-6CB, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any federal or state bankruptcy, dissolution or similar law, for a period of one year and one day following indefeasible payment in full of the CWALT, Inc.

  • Alternative Loan Trust 2007-5CB, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any federal or state bankruptcy, dissolution or similar law, for a period of one year and one day following indefeasible payment in full of the CWALT, Inc.

  • Alternative Loan Trust 2006-6CB , Mortgage Pass-Through Certificates, Series 2006-6CB, Class 2-A-6 Certificates (the "Securities").

  • Alternative Loan Trust 2007-5CB , Mortgage Pass-Through Certificates, Series 2007-5CB (the "Securities").

  • The Trustee shall not release custody of any such promissory note except upon the sale thereof or to the Servicer as necessary in connection with the servicing of the related Financed Alternative Loan under the Servicing Agreement.


More Definitions of Alternative Loan

Alternative Loan means Loans at the rate of interest reasonably determined by the Administrative Agent to be the cost of funds of representative participating members in the interbank Eurodollar market.
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Alternative Loan means a Student Loan, the payment of principal of and interest on which is not insured by a Guaranty Agency nor reinsured by the Secretary under the Higher Education Act with such loan being originated in accordance with the terms and provisions of the PAL Program Manual.
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Alternative Loan means a student loan which is not made pursuant to the Higher Education Act, but which may be (but is not required to be) guaranteed by a third party.
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Alternative Loan means a loan made or to be made under a Facility in respect of the Fronted Portion of an Alternative L/C Utilisation or the principal amount outstanding for the time being of that loan.
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Alternative Loan means the Non-Guaranteed Alternative Loans and the Guaranteed Alternative Loans; provided, however, that the definition of "Alternative Loan" may be changed by the Issuer at any time upon satisfaction of the Rating Agency Confirmation Condition.
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Related to Alternative Loan

  • Cooperative Loan Any Mortgage Loan secured by Cooperative Shares and a Proprietary Lease.

  • Cooperative Loans Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund.

  • Defective Loan is any Mortgage Loan as to which there is an unremedied Material Defect.

  • Interest Reserve Loan Each Actual/360 Mortgage Loan.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Wet Loan means a Purchased Loan originated and owned by the Seller immediately prior to being purchased by the Buyers:

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • B/A Equivalent Loan shall have the meaning assigned to such term in Section 2.22(h).

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Initial Loan is defined in Section 2.1.

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.