Federal Guarantor definition

Federal Guarantor means a state or private non-profit guarantor that guarantees the payment of principal of and interest on any of the Financed Student Loans, which agency is reinsured by the Department under the Higher Education Act for between (x) 80% and 100% of the amount of default claims paid by such Federal Guarantor for a given federal fiscal year for loans disbursed prior to October 1, 1993, for 78% to 98% of default claims paid for loans disbursed on or after October 1, 1993 but prior to October 1, 1998 any (y) 75% to 95% of the amount of default claims paid to by such Federal Guarantor for a given federal fiscal year for loans disbursed on or after October 1, 1998 and for 100% of death, disability, bankruptcy, closed school and false certification claims paid.
Federal Guarantor means PHEAA, ASA, ECMC and NSLP.

Examples of Federal Guarantor in a sentence

  • An amount of 0.25 % of the maximum guaranteed amount is due and payable by the Borrower in accordance with the grading granted by the Federal Guarantor.

  • The guarantee fee will be calculated for each half year starting at these dates at a per annum rate of 0.25 % of the amount guaranteed by the Federal Guarantor at those dates and is payable to C&L Deutsche Revision AG, Düsseldorf, Anderkonto Bundesminister der Finanzen, account 301 51 12 with Westdeutsche Landesbank Girozentrale, by making reference to the State Guarantee number.

  • The Borrower will pay to the Federal Guarantor a guarantee fee on each 1 April and 1 October.


More Definitions of Federal Guarantor

Federal Guarantor means a state or private non-profit guarantor that guarantees the payment of principal of and interest on any of the Financed Student Loans, which agency is reinsured by the Department under the Higher Education Act for between: (x) 80% and 100% of the amount of default claims paid by such Federal Guarantor for a given federal fiscal year for loans disbursed prior to [ ], for 78% to 98% of default claims paid for loans disbursed on or after [ ] but prior to [ ] any (y) 75% to 95% of the amount of default claims paid to by such Federal Guarantor for a given federal fiscal year for loans disbursed on or after [ ] and for 100% of death, disability, bankruptcy, closed school and false certification claims paid.
Federal Guarantor means a state or private non-profit guarantor that guarantees the payment of principal of and interest on any of the FFELP Student Loans, which agency is reinsured by the Department under the Higher Education Act for between 80% and 100% of the amount of default claims paid by such Federal Guarantor for a given federal fiscal year for loans disbursed prior to October 1, 1993, for 78% to 98% of default claims paid for loans disbursed on or after October 1, 1993 and for 100% of death, disability, bankruptcy, closed school and false certification claims paid.
Federal Guarantor means, collectively, PHEAA, ASA, CSAC, ECMC, HESC, NSLP and USAF.
Federal Guarantor means each guarantor with whom the Eligible Lender Trustee has entered into a separate Guaranty Agreement. "Federal Reserve Board" means the Board of Governors of the Federal Reserve System, or any successor thereto or to the functions thereof.
Federal Guarantor means, collectively, __________, __________ and __________.
Federal Guarantor means a state or private non-profit guarantor that guarantees the payment of principal of and interest on any of the Trust Loans, which agency, as of the Closing Date, is reinsured by the Department under the Higher Education Act for between 80% and 100% of the amount of default claims paid by such Federal Guarantor for a given federal fiscal year for loans disbursed prior to October 1, 1993, for 78% to 98% of default claims paid for loans disbursed on or after October 1, 1993 but before October 1, 1998, for 75% to 95% of default claims paid for loans disbursed on or after October 1, 1998 and for 100% of death, disability, bankruptcy, closed school and false certification claims paid.
Federal Guarantor means, collectively, PHEAA, ASA, CSAC, ECMC, GLHEC, HESC, MHEAA, NSLP and USAF.