Approved Undisbursed Loans definition
Approved Undisbursed Loans means those Eligible Loans for which the acquisition of such Eligible Loans has been approved, but such Eligible Loans have not been fully disbursed by the Seller prior to the end of the Recycling Period or Acquisition Period with respect to a Series of Bonds, as applicable, and for which amounts are available in the corresponding Account or Subaccount of the Student Loan Fund to acquire such Eligible Loan.
Approved Undisbursed Loans means, with respect to the Series 2018 Bonds, those Eligible Loans for which funding has been approved, but not disbursed, by the Corporation prior to the end of the Recycling Period or Origination Period for the Series 2018 Bonds, as applicable, and for which amounts are available in the 2018 Subaccount of the Student Loan Fund, all as further described in Section 4.01 hereof and the definition of “Origination Period” herein.