Interest Subsidy Payment definition

Interest Subsidy Payment means an interest payment on Student Loans received pursuant to the Higher Education Act and an agreement with the federal government, or any similar payments.
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Interest Subsidy Payment means, with respect to any Build America Bond, payments provided directly from the Treasury Secretary in an amount equal to 35% of the corresponding interest payable on the related Build America Bond.
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Interest Subsidy Payment means interest payments paid during certain periods by the Secretary of Education with respect to certain FFELP Loans meeting certain requirements.
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Examples of Interest Subsidy Payment in a sentence

  • Such Monthly Advances are recoverable by TMSI from the Guarantee Payment, Interest Subsidy Payment or Special Allowance Payment, as the case may be, for which such Monthly Advance was made.

  • Such Monthly Advances are recoverable by the Master Servicer (i) first, from the Guarantee Payment, Interest Subsidy Payment, Special Allowance Payment or Insurance Payment, as the case may be, for which such Monthly Advance was made and (ii) second, if such amounts have not been received, from collections received generally on or with respect to the Financed Student Loans.

  • Pursuant to Section 5.13, if after a Monthly Advance is made, a Master Servicer receives the Guarantee Payment, Special Allowance Payment or Interest Subsidy Payment for which such Monthly Advance was made, such Master Servicer may reimburse TMSI, immediately upon demand, from such Guarantee Payment, Special Allowance Payment or Interest Subsidy Payment, as the case may be, on deposit in the Collection Account up to the amount of the related Monthly Advance.

  • Pursuant to Section 5.13, if after making a Monthly Advance the Master Servicer receives the Guarantee Payment, Special Allowance Payment or Interest Subsidy Payment for which such Monthly Advance was made, the Master Servicer may reimburse TMSI, immediately upon demand, from such Guarantee Payment, Special Allowance Payment or Interest Subsidy Payment, as the case may be, on deposit in the Collection Account up to the amount of the related Monthly Advance.

  • Such Monthly Advances are recoverable by the TMSI from the Guarantee Payment, Interest Subsidy Payment or Special Allowance Payment, as the case may be, for which such Monthly Advance was made.

  • Data on all approved loans will be transmitted to the Statewide Interest Subsidy Payment Agent using procedures and file formats already in place with the CONSULTANT for other MA PA RCD Programs.

  • Such Monthly Advances are recoverable by the Master Servicer (i) first, from the Guarantee Payment, Interest Subsidy Payment or Special Allowance Payment, as the case may be, for which such Monthly Advance was made and (ii) second, if such amounts have not been received, from collections received generally on or with respect to the Financed Student Loans.

  • STUDENT LOAN NON-CASH INTEREST ACTIVITY 1 Borrower Accruals $0.00 2 Interest Subsidy Payment Accruals $10,223,376.98 3 Special Allowance Payment Accrual Estimate $0.00 4 Capitalized Interest ($1,387,768.83) 5 Other Adjustments ($126,548.98) ------------------------- 6 TOTAL NON-CASH INTEREST ACTIVITY $8,709,059.17 ========================= F.

  • Such Advances are recoverable by the Master Servicer (i) first, from the Guarantee Payment, Interest Subsidy Payment, Special Allowance Payment, Insurance Payment or Private Loan Program payment, as the case may be, for which such Monthly Advance was made and (ii) second, if such amounts have not been received, from collections received generally on or with respect to the Financed Student Loans.

  • Such Monthly Advances are recoverable by the Master Servicer (i) first, from the Guarantee Payment, Interest Subsidy Payment or Special Allowance Payment, as the case may be, for which such Monthly Advance was made and (ii) second, from collections received generally on or with respect to the Financed Student Loans.


More Definitions of Interest Subsidy Payment

Interest Subsidy Payment means the refundable tax credit to be paid to VPSA by the Secretary in an amount equal to the amount of interest payable under the VPSA Bonds on
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Interest Subsidy Payment means any refundable credit, subsidy or other payment received by the University with respect to the Series 2010 Bonds as "Build America Bonds (Direct Payment)" pursuant to Sections 54AA and 6431 and related provisions of the Code. The Interest Subsidy Payment percentage for the Series 2010 Bonds is 35%.
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Related to Interest Subsidy Payment

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Actual/360 Mortgage Loan A Mortgage Loan that accrues interest on an Actual/360 Basis.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or Collateral (as defined in each Indenture).

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Assumed Monthly Payment With respect to (a) any Mortgage Loan that is a Balloon Mortgage Loan delinquent in respect of its Balloon Payment beyond the Determination Date immediately following its scheduled maturity date (as such date may be extended in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower or by reason of a modification, waiver or amendment granted or agreed to by the Master Servicer or the Special Servicer), for that scheduled maturity date and for each subsequent Due Date as of which such Mortgage Loan remains outstanding and part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due with respect to such Mortgage Loan on such Due Date equal to the amount (exclusive of Default Interest and any Post-ARD Additional Interest) that would have been due in respect thereof on such Due Date if such Mortgage Loan had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule (if any), in effect immediately prior to, and without regard to the occurrence of, such maturity date; and (b) any REO Mortgage Loan, for any Due Date as of which the related REO Property (or, in the case of any REO Mortgage Loan that is a successor to any Mortgage Loan in a Loan Combination, any interest in the related REO Property) remains part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Monthly Payment (or, in the case of a Balloon Mortgage Loan described in clause (a) of this definition, the Assumed Monthly Payment) that was due (or deemed due) with respect to the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan.

  • Late Payment Charge means the charge that is applied when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available or received by either Party as of the Bill Due Date, or if either Party does not submit the Remittance Information.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Prepayment Charges Any prepayment premium or charge payable by a Mortgagor in connection with any Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note or Mortgage, as applicable.

  • Simple Interest Mortgage Loan Those simple interest loans as noted on the Mortgage Loan Schedule under the data field designated “DSI.”

  • 60+ Day Delinquent Mortgage Loan (i) Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, two months or more past due (without giving effect to any grace period), including, without limitation, such Mortgage Loans that are subject to bankruptcy proceedings, (ii) each Mortgage Loan in foreclosure and (iii) all REO Property.

  • Day Delinquent Mortgage Loan Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, three months or more past due (without giving effect to any grace period), including each Mortgage Loan in foreclosure, all REO Property and each Mortgage Loan for which the Mortgagor has filed for bankruptcy.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Delinquent Mortgage Loan means any Mortgage Loan as to which any Monthly Payment, or part thereof, remains unpaid for 30 days or more following the original Due Date for such Monthly Payment.

  • Monthly Payments has the meaning set forth in Section 7.2B.