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. The Federal Government of the Federal Republic of Germany.

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

• 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 Administrative Agent shall have received counterparts hereof duly executed by Holdings, the Borrower, the Federal Guarantor, the Tranche A Lender, the Tranche C Lender and each of the Tranche B Lenders.

• 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 PWC (account number: 0000000, sort code: 300 500 00 with Westdeutsche Landesbank, Girozentrale) by making reference to the State Guarantee number.

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 Financed 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, GLHEC, HESC, MHEAA, NSLP and USAF.

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 the Emergency Steel Guarantee Loan Board, an agency or instrumentality of the United States formed pursuant to the Emergency Steel Loan Guarantee Act of 1999, Pub.

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, PHEAA, ASA, CSAC, ECMC, HESC, NSLP and USAF.