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 xx 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 Financed Private Loans are subject to the terms and conditions of the Surety Bonds and the Endorsement under which they have been insured.

  • 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").

  • With respect to each Financed Student Loan, all collections (including all Guarantee Payments, all Insurance Payments and Private Loan Program payments) with respect thereto shall be applied in accordance with regulations of the Department of Education and the applicable Guarantee Agency in the case of Financed FFELP Loans, (ii) the Department of HHS in the case of Financed HEAL Loans and (iii) Private Loan Program in the case of Financed Private Loans.

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

  • 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 xxxnowledges 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.

  • 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.

  • 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.

  • Delinquency Servicing" With respect to "Due Diligence in Servicing a Loan" under federal regulation 34 CFR 682.208, parts (a), (b)(iii), and (b)(iv) for Financed Federal Loans, and Delinquency Servicing" under Section 4.08 of the Agreement for Financed Private Loans as noted above, the Servicier provided reporting to credit bureaus during the period.

  • 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").

Related to Financed Private Loans

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.