Expected Interest Collections definition

Expected Interest Collections means, with respect to any Quarterly Interest Period, the sum of (i) the amount of interest accrued, net of accrued Monthly Rebate Fees and other amounts required by the Higher Education Act to be paid to the Department, with respect to the Financed Student Loans for the related Student Loan Rate Accrual Period (whether or not such interest is actually paid), (ii) all Interest Subsidy Payments and Special Allowance Payments estimated to have accrued for such Student Loan Rate Accrual Period whether or not actually received (taking into account any expected deduction therefrom of Federal Origination Fees) and (iii) Investment Earnings for such Student Loan Rate Accrual Period.

Expected Interest Collections means, with respect to any Collection Period, the sum of (i) the amount of interest accrued, net of amounts required by the Higher Education Act to be paid to the Department or to be repaid to borrowers, with respect to the Financed Student Loans for such Collection Period (whether or not such interest is actually paid), (ii) all Interest Subsidy Payments and Special Allowance Payments expected to be received by the Eligible Lender Trustee for such Collection Period (whether or not actually received) with respect to the Financed Student Loans and (iii) Investment Earnings for such Collection Period.

Expected Interest Collections means, with respect to any Collection Period, the sum of (i) the amount of interest accrued, net of amounts required to be paid to the Department or to be repaid to Guarantors or borrowers, with respect to the Financed Eligible Loans for such Collection Period (whether or not such interest is actually paid) and (ii) all Interest Benefit Payments and Special Allowance Payments expected to be received by the Trustee for such Collection Period (whether or not actually received), net of amounts required to be paid to the Department, with respect to the Financed Eligible Loans, to the extent not included in (i) above, and (iii) investment earnings on all Investment Securities held by the Trustee available for deposit in the Collection Fund for such Distribution Date.

Examples of Expected Interest Collections in a sentence

• A Borrower Interest Accrued During Collection Period $ 33,820,540.94BInterest Subsidy Payments Accrued During Collection Period3,103,845.94CSpecial Allowance Payments Accrued During Collection Period2,422,178.02DInvestment Earnings Accrued for Collection Period (TRUST ACCOUNTS)1,421,769.37EInvestment Earnings (ADMINISTRATOR ACCOUNTS)0.00FConsolidation Loan Rebate Fees(6,313,504.87)GNet Expected Interest Collections$ 34,454,829.40 Accrued Int Factor * Pay rates for Current Distribution.

• A Borrower Interest Accrued During Collection Period $ 14,187,516.74BInterest Subsidy Payments Accrued During Collection Period6,907,795.61CSpecial Allowance Payments Accrued During Collection Period0.00DInvestment Earnings Accrued for Collection Period (TRUST ACCOUNTS)416,896.57EInvestment Earnings (ADMINISTRATOR ACCOUNTS)0.00FNet Expected Interest Collections$ 21,512,208.92 Accrued Int Factor * Pay rates for Current Distribution.

• A Borrower Interest Accrued During Collection Period $ 10,255,223.71BInterest Subsidy Payments Accrued During Collection Period4,030,134.41CSpecial Allowance Payments Accrued During Collection Period0.00DInvestment Earnings Accrued for Collection Period (TRUST ACCOUNTS)199,813.49EInvestment Earnings (ADMINISTRATOR ACCOUNTS)0.00FNet Expected Interest Collections$ 14,485,171.61 Accrued Int Factor * Pay rates for Current Distribution.

• A Borrower Interest Accrued During Collection Period $ 7,430,284.51 B Interest Subsidy Payments Accrued During Collection Period 0.00 C SAP Payments Accrued During Collection Period 0.00 D INV Earnings Accrued for Collection Period (RESERVE, COLLECTION) 75,318.04 E Investment Earnings (ADMINISTRATOR ACCOUNTS) 34,478.25 F Net Expected Interest Collections $ 7,540,080.80 VII.

• A Borrower Interest Accrued During Collection Period $ 15,047,887.90BInterest Subsidy Payments Accrued During Collection Period7,001,858.09CSpecial Allowance Payments Accrued During Collection Period0.00DInvestment Earnings Accrued for Collection Period (TRUST ACCOUNTS)845,858.35EInvestment Earnings (ADMINISTRATOR ACCOUNTS)0.00FNet Expected Interest Collections$ 22,895,604.34 Accrued Int Factor * Pay rates for Current Distribution.

More Definitions of Expected Interest Collections

Expected Interest Collections means, with respect to each group of Financed Student Loans and any Collection Period, the sum of (i) the amount of interest accrued (and with respect to the Group I Student Loans, net of amounts required by the Higher Education Act to be paid to the Department or to be repaid to borrowers), for such Collection Period (whether or not such interest is actually paid), (ii) all Interest Subsidy Payments and Special Allowance Payments expected to be received by the Eligible Lender Trustee for such Collection Period (whether or not actually received) with respect to the Group I Student Loans and (iii) Investment Earnings for such Collection Period.

Expected Interest Collections means, with respect to any Collection Period, the sum of (i) the amount of interest accrued, net of amounts required to be paid to the Department of Education or to be repaid to Guarantee Agencies, with respect to the Financed Student Loans in the Trust Estate for such Collection Period (whether or not such interest is actually paid), (ii) all Interest Subsidy Payments and Special Allowance Payments pursuant to claims submitted for such Collection Period (whether or not actually received), net of amounts required to be paid to the Department of Education, with respect to Financed Student Loans in the Trust Estate, to the extent not included in (i) above, (iii) the net of any Counterparty Exchange Payments less any Issuer Exchange Payments to be made on the related Distribution Date, and (iv) Investment Earnings on the amounts on deposit allocable to the Trust Estate with respect to such Collection Period prior to the related Distribution Date.

Expected Interest Collections means, with respect to any Collection Period, the sum of (i) the amount of interest accrued, net of amounts required to be paid to the Department of Education or to be repaid to Guarantee Agencies, with respect to the Financed Student Loans in the Trust Estate for such Collection Period (whether or not such interest is actually paid), (ii) all Interest Subsidy Payments and Special Allowance Payments pursuant to claims submitted for such Collection Period (whether or not actually received), net of amounts required to be paid to the Department of Education, with respect to Financed Student Loans in the Trust Estate, to the extent not included in (i) above, (iii) plus or minus the net of any Counterparty Exchange Payments less any Issuer Exchange Payments to be made on the related Distribution Date, and (iv) Investment Earnings on the amounts on deposit allocable to the Trust Estate with respect to such Collection Period prior to the related Distribution Date.

Expected Interest Collections means, for any calendar month, the sum of (i) the amount of interest due or accrued with respect to the Pledged Student Loans and payable by the related Obligors thereof during such calendar month (whether or not such interest is actually paid), (ii) all Interest Subsidy Payments and Special Allowance Payments estimated to have accrued with respect to Pledged Student Loans during such calendar month whether or not actually received and (iii) Investment Earnings for such calendar month.

Expected Interest Collections means, for any calendar month, the sum of (i) the amount of interest due or accrued with respect to the Pledged Student Loans and payable by the related Obligors thereof during such calendar month (whether or not such interest is actually paid) and (ii) Investment Earnings for such calendar month.

Expected Interest Collections means, with respect to any Collection Period, the sum of (i) the amount of interest accrued, net of amounts required to be paid to the Department or to be repaid to Guarantors or borrowers, with respect to the Trust Student Loans for such Collection Period (whether or not such interest is actually paid), (ii) all Interest Subsidy Payments and Special Allowance Payments expected to be received by the Eligible Lender Trustee for such Collection Period (whether or not actually received), net of amounts required to be paid to the Department, with respect to the Trust Student Loans, to the extent not included in (i) above, and (iii) Investment Earnings for such Collection Period and interest on amounts to be remitted by the Administrator to the Collection Account with respect to such Collection Period prior to the related Distribution Date.

Expected Interest Collections means, with respect to any Collection Period, the sum of (i) the amount of interest accrued, net of any amounts required by the Higher Education Act to be paid to DOE, with respect to the Financed Student Loans during such Collection Period, whether or not such interest is actually paid, (ii) all Subsidy Payments estimated to have accrued for such Collection Period whether or not actually received and (iii) Investment Earnings since the preceding Payment Date.