Relevant Loan definition
Examples of Relevant Loan in a sentence
Each Purchase Agreement shall further require that if a Proposed Pool contains an amount of Loans that is less than the Relevant Loan Portfolio of a particular Servicer then servicing the Loans in such Seller’s Relevant Loan Portfolio, the Seller shall select Loans for sale or pledge from the Relevant Loan Portfolio at random (selected in the manner specified by the related Seller to, and approved by, the Department prior to such selection) within each applicable academic year.
The notice shall also specify that the Class Member’s 24 Relevant Loan Debt will remain in forbearance or stopped collection status 25 pending the effectuation of relief.
Plaintiffs 9 may bring a claim alleging that Defendants have materially breached 10 Paragraph IV.H.1 of the Agreement by collecting on a Relevant Loan after 11 the Effective Date through involuntary collection activity against a Class 12 Member or Post-Class Applicant while his or her application was or is 13 pending or while the Class Member or Post-Class Applicant was or is 14 awaiting the effectuation of relief.
In the event of a sale or disposal of a Vessel, the Borrowers shall, on the date of the sale or disposal, make a prepayment of the Loan in an amount equivalent to the Relevant Loan Amount applicable to that Vessel.
Each Loan B shall bear interest at a rate per annum provided in the Relevant Loan Agreement.