Financed Private Loans definition

Financed Private Loans means the collective reference to Financed Guaranteed Private Loans and Financed Unguaranteed Private Loans.
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Financed Private Loans means those Financed Student Loans that are guaranteed as to the payment of principal and interest by TERI ▇▇ HICA and are not reinsured by the Department or any other governmental entity and are listed on Schedule A to the Sale and Servicing Agreement, as such Schedule may be supplemented from time to time.
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Examples of Financed Private Loans in a sentence

  • The second group will consist of (i) Financed Student Loans that are not guaranteed by any party nor reinsured by the Department (collectively "Non-Guaranteed Private Loans,") and (ii) Financed Student Loans that are not reinsured by the Department or any other government agency but are guaranteed by a private guarantor (collectively, "Guaranteed Private Loans" and together with the Non-Guaranteed Private Loans, the "Financed Private Loans").

  • On any date, upon receipt of written notice (or telephonic or facsimile notice followed by written notice) from the Seller (or from the Servicer on behalf of the Seller) by the Eligible Lender Trustee and the Indenture Trustee, the Eligible Lender Trustee will convey to the Seller the Financed Federal Loans and Financed Private Loans identified in such notice, which are to be repaid pursuant to the Consolidation Loans to be made by the Seller.

  • Seller shall purchase all such Financed Private Loans within forty-five (45) days of receipt of written notice from TERI.

  • The Master Servicer shall not impair in any material respect the rights of the Issuer, the Eligible Lender Trustee, the Indenture Trustee, the Certificateholders or the Noteholders in the Financed Student Loans, in any Guaranty Agreement, in the HEAL Insurance Contract or in any agreement relating to the Financed Private Loans.

  • The Notes will be secured by a group of Financed Student Loans reinsured by the United States Department of Education ("Financed Federal Loans") and by a group of Financed Student Loans that are not reinsured by the United States Department of Education ("Financed Private Loans").

  • The rights of Eligible Lender Trustee hereunder may be assigned in whole or in part by Eligible Lender Trustee to any permitted successor or to any purchaser of all or any part of its interest in the Financed Private Loans without TERI's approval; provided, however, that Eligible Lender Trustee's obligations hereunder shall be assumed by any such successor or purchaser in writing.

  • On any date (whether or not during the Funding Period), upon receipt of written notice (or telephonic or facsimile notice followed by written notice) from the Seller (or from the Servicer on behalf of the Seller) by the Eligible Lender Trustee and the Indenture Trustee, the Eligible Lender Trustee will convey to the Seller the Financed Federal Loans and Financed Private Loans identified in such notice, which are to be repaid pursuant to the Consolidation Loans to be made by the Seller.

  • TERI ▇▇▇nowledges that Eligible Lender Trustee will pledge the Financed Private Loans and all its rights hereunder to Indenture Trustee and agrees that in the event Indenture Trustee forecloses upon such collateral, Indenture Trustee may exercise any or all of Eligible Lender Trustee's rights hereunder.

  • All terms and words used in this Lease Regardless of the number or gender in which they are used, shall be deemed to include any other number and any other gender as the context may require.

  • The Certificates will be secured by a group of Financed Student Loans reinsured by the United States Department of Education ("Financed Federal Loans") and by a group of Financed Student Loans that are not reinsured by the United States Department of Education ("Financed Private Loans").