Financed Student Loans definition

Financed Student Loans means the Student Loans identified as such in each of the pool supplements dated as of the Closing Date between the Trust and a Seller, transferred to the Trust as of the Closing Date and listed on the Schedule of Financed Student Loans on the Closing Date as set forth in Schedule A to the Indenture (which Schedule may be in the form of microfiche or computer disk or tape).

Financed Student Loans means the collective reference to the Initial Financed Student Loans and the Subsequent Student Loans.

Financed Student Loans means, collectively, the student loans identified by the lender identification numbers, portfolio numbers or other identifying numbers described in the applicable Appendix D hereto.

Examples of Financed Student Loans in a sentence

• The Issuer will make an initial deposit on the Closing Date into the Collection Account of cash equal to $842,431,937, of which $784,975,230 amount will be disbursed on the Closing Date by the Indenture Trustee, pursuant to written instructions of the Administrator, to acquire the Financed Student Loans and $57,456,707 will be disbursed on the Closing Date by the Indenture Trustee, pursuant to written instructions of the Administrator, to pay the First Marblehead Corporation a structuring advisory fee.

• The Issuer has given the Indenture Trustee a copy of a written acknowledgment from the applicable custodian that the custodian is holding executed copies of the promissory notes and master promissory notes that constitute or evidence the Financed Student Loans, and that such custodian is holding such notes solely on behalf and for the benefit of the Indenture Trustee.

• The Issuer has not authorized the filing of and is not aware of any financing statements against the Issuer that include a description of collateral covering the Financed Student Loans or any other portion of the Indenture Trust Estate other than any financing statement relating to the security interest granted to the Indenture Trustee hereunder or that has been terminated.

• This Indenture creates a valid and continuing security interest (as defined in the applicable Uniform Commercial Code (“UCC”) in effect in the State of Delaware) in the Financed Student Loans and all other assets constituting part of the Indenture Trust Estate in favor of the Indenture Trustee, which security interest is prior to all other liens, charges, security interests, mortgages or other encumbrances, and is enforceable as such as against creditors of and purchasers from the Issuer.

• Other than the security interest granted to the Indenture Trustee pursuant to this Indenture, the Issuer has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Financed Student Loans or any other portion of the Indenture Trust Estate.

More Definitions of Financed Student Loans

Financed Student Loans means those Student Loans that, as of any date of determination, have been conveyed to the Issuer, consisting of the Initial Financed Student Loans as of the Closing Date and, thereafter, any Prefunded Loans, Serial Loans or New Loans conveyed to the Issuer from the Seller, any Consolidation Loans originated by the Trust as provided in Section 6.07 of the Trust Agreement, any Consolidation Loans the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan as provided in Section 6.07 of the Trust Agreement and any Qualified Substitute Student Loans conveyed to the Issuer as provided in Section 3.02 of the Loan Sale Agreement.

Financed Student Loans means FFELP Loans refinanced with proceeds of the Notes or originated or refinanced by Access Group with moneys in the Revolving Account or the Collection Account, but does not include Student Loans released from the lien of the Indenture and sold to any purchaser.

Financed Student Loans shall include only the Financed Student Loans being transferred to the Eligible Lender Trustee on the Closing Date for the Series 1996-2 Notes and the Financed Student Loans to be transferred to the Eligible Lender Trustee during the Funding Period for the Series 1996-2 Notes. Accordingly, unless otherwise indicated, the term "Financed Student Loan" shall not be deemed to include Financed Student Loans transferred to the Eligible Lender Trustee prior to the Closing Date for the Series 1996-2 Notes.

Financed Student Loans means Student Loans which are Financed and are evidenced solely by promissory notes and applications related thereto.

Financed Student Loans means Student Loans which become subject to this Agreement.

Financed Student Loans means the student loans that are transferred to the Issuer pursuant to Section 2.01 and Section 2.03 of the Sale and Servicing Agreement plus any Substituted Student Loan that is permissibly substituted by the Depositor (or KBNA on its behalf) pursuant to Sections 3.02 or 4.06 of the Sale and Servicing Agreement but shall not include any Purchased Student Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto.

Financed Student Loans means those educational loans which the Issuer is authorized to make or acquire under the Indenture, which are guaranteed under a guarantee program established pursuant to the Act.