Financed Student Loan definition

Financed Student Loan means the FFELP Loans and HEAL Loans set forth in Schedule A-1 to the Transfer and Servicing Agreement and Schedule A to each Transfer Agreement, as amended or supplemented from time to time by the Master Servicer to accurately reflect the Financed Student Loans then subject to the Lien of the Indenture. The Schedule of Financed Student Loans may be in the form of microfiche or other form of electronic media.

Financed Student Loan means each Student Loan acquired or funded, or purported to be acquired or funded, with the proceeds of Advances.

Financed Student Loan means any law school, medical school, dental school, graduate business school or other graduate school student loan listed on Schedule A of the Sale and Servicing Agreement as such Schedule may be supplemented from time to time.

Examples of Financed Student Loan in a sentence

• Each Financed Student Loan is accruing interest (whether or not such interest is being paid currently, by the borrower or by the Department, or is being capitalized), except as otherwise expressly permitted by the Basic Documents.

• There is only one original executed copy of the promissory note evidencing each Financed Student Loan.

• No right of rescission, setoff, counterclaim or defense has been asserted or threatened or exists with respect to any Financed Student Loan.

• The Issuer shall not permit the release of the obligations of any borrower under any Financed Student Loan and shall at all times, to the extent permitted by law, cause to be defended, enforced, preserved and protected the rights and privileges of the Issuer, the Indenture Trustee and of the Noteholders under or with respect to each Financed Student Loan and agreement in connection therewith.

• The Master Servicer, as custodian, shall be deemed to have received proper instructions with respect to the Financed Student Loan Files upon its receipt of written instructions signed by a Responsible Officer of the Indenture Trustee.

More Definitions of Financed Student Loan

Financed Student Loan means each Student Loan identified from time to time on the Student Loan Schedule and, without duplication but by way of inclusion and emphasis, all Additional Financed Student Loans funded or substituted, or purported to be funded or substituted, with amounts on deposit in the Pre-Funding Account or pursuant to Section 2.02 of the Indenture, respectively and all Student Loans, whether or not funded or substituted as described above, that are subject to the Lien of the Indenture.

Financed Student Loan means the collective reference to the Initial Financed Student Loans and the Additional Student Loans.

Financed Student Loan means a Student Loan sold to the Funding Note Issuer.

Financed Student Loan means (i) any Student Loan identified on a Loan Transmittal Summary Form attached to a Loan Designation Notice or (ii) any Student Loan re-issued in whole or in part in accordance with [Section 7(c) of the [related] Student Loan Purchase Agreement] [Section 6.04 of this Agreement] under the same loan number as a Student Loan previously identified on any Loan Transmittal Summary Form.

Financed Student Loan means any Student Loan that has been (a) purchased, refinanced or originated with moneys in the Acquisition Fund and credited to the Acquisition Fund, (b) received in exchange for other Financed Student Loans upon the sale thereof or substitution therefor in accordance with Section 7.06(e) hereof or the provisions of a Supplemental Indenture and credited to the Acquisition Fund, or (c) otherwise credited to any Fund or Account as part of the Trust Estate, but does not include Student Loans released from the lien of this Indenture and sold or exchanged, as permitted in this Indenture, to any purchaser, including the Corporation.

Financed Student Loan means the Financed FFELP Loans, Financed HEAL Loans and Financed Private Loans, as applicable, with respect to a Series of Notes, as set forth in the applicable Schedules with respect thereto.

Financed Student Loan means any Federal Loan, HEAL Loan or Private Loan which, from time to time, is Granted to the Indenture Trustee to serve as collateral for the Notes or otherwise part of the Trust Estate. The initial Financed Student Loans subject to the Lien of the Indenture shall be listed on the Schedule of Financed Student Loans set forth in Schedule A to the Sale and Servicing Agreement. The Financed Student Loans to be pledged by the Issuer to the Indenture Trustee in connection with the issuance of each additional Series of Notes shall be listed on the Schedule of Financed Student Loans appearing as Schedule A to the related Supplemental Sale and Servicing Agreement. A master Schedule of Financed Student Loans listing all Financed Student Loans then subject to the Lien of the Indenture shall be maintained as a Schedule to the Indenture. Each Schedule of Financed Student Loans shall be amended from time to time by the Issuer to accurately reflect the Financed Student Loans then subject to the Lien of the Indenture. Each Schedule of Financed Student Loans may be in the form of microfiche.