Eligible Loan Acquisition Certificate definition
Examples of Eligible Loan Acquisition Certificate in a sentence
Exhibit A (Form of Eligible Loan Acquisition Certificate) and Exhibit B (Form of Student Loan Purchase Agreement) are attached to and by reference made a part of this Indenture.
The Trustee shall make payments from the Acquisition Fund to Lenders for the acquisition of Eligible Loans, including all related Premiums, if any, in connection therewith, and any related Add-On Loan, upon receipt by the Trustee of an Eligible Loan Acquisition Certificate and all documents and certificates required thereby.
Within three (3) Business Days after the disbursement of moneys from the Acquisition Fund for the purchase of Eligible Loans pursuant to an Eligible Loan Acquisition Certificate, the Corporation shall forward to the Trustee an updating Corporation Certificate substantially in the form of Exhibit D hereto with respect to such Eligible Loans.
The Trustee shall make payments from the Add-On Consolidation Loan Account to Lenders for the acquisition of Add-On Loans that are Eligible Loans, including all related Premiums, if any, in connection therewith, upon receipt by the Trustee of an Eligible Loan Acquisition Certificate and all documents and certificates required thereby.
The Trustee shall make payments from the Prefunding Account to Lenders for the acquisition of Consolidation Loans that are Eligible Loans, including all related Premiums, if any, in connection therewith, upon receipt by the Trustee of an Eligible Loan Acquisition Certificate and all documents and certificates required thereby.
Any such Issuer Order or Eligible Loan Acquisition Certificate shall state that such proposed use of moneys in the Acquisition Fund is in compliance with the provisions of this Indenture.
The Trustee shall make payments from the Acquisition Fund to Lenders for the acquisition of Eligible Loans, including all related Premiums and origination and guarantee fees, if any, in connection therewith, and any related Add-On Loan, upon receipt by the Trustee of an Eligible Loan Acquisition Certificate and all documents and certificates required thereby.
An amount identified in the Eligible Loan Acquisition Certificate equal to 1% of the original principal amount of each Consolidation Loan with an interest rate of 5.00% or greater purchased with proceeds from the sale of Notes shall be transferred from the Acquisition Fund to the Borrower Benefits Fund on the purchase date.
Moneys on deposit in the Add-On Consolidation Loan Account of the Acquisition Fund shall be used, upon receipt by the Trustee of an Eligible Loan Acquisition Certificate, to acquire any Add-On Consolidation Loans at a price not in excess of 100% of the outstanding principal balance of such Eligible Loans, plus accrued interest.
CONSOLIDATION LOAN FUNDING LLC By: CLF MANAGEMENT CORP., as Manager By Name: Title: This Eligible Loan Acquisition Certificate is submitted pursuant to the provisions of Section 4.02 of the Indenture of Trust, dated as of March 1, 2002 (as amended and supplemented from time to time in accordance with its terms, the “Indenture”), from Student Loan Consolidation Center Student Loan Trust I (the “Issuer”) and The Bank of New York, as eligible lender trustee, to The Bank of New York, as indenture trustee.