Examples of Serial Loan in a sentence
The Seller shall not convey any New Loan, Serial Loan or Qualified Substitute Student Loan if the eligible lender holding legal title to such loan is other than NBD unless, prior to such conveyance, such other eligible lender shall agree in writing to be bound, in the conveyance of each such loan for which it acts as eligible lender, by the provisions of this Agreement that are applicable to NBD, to the same extent as if it were named separately from NBD in each of such provisions.
The Seller shall not convey any Delayed Delivery Loans, New Loan, Serial Loan or Qualified Substitute Student Loan if the eligible lender holding legal title to such loan is other than NBD unless, prior to such conveyance, such other eligible lender shall agree in writing to be bound, in the conveyance of each such loan for which it acts as eligible lender, by the provisions of this Agreement that are applicable to NBD, to the same extent as if it were named separately from NBD in each of such provisions.
G=Master Promissory Note for Federal Graduate/Professional PLUS LoansM=Master Promissory Note for Federal Stafford Loans (subsidized and unsubsidized)Q=Master Promissory Note for Federal PLUS Loans NOTEIf this field contains G, M or Q, Serial Loan Code (field88) must be used in conjunction with the G, M or Q to determine if a new or serial Master Promissory Note is being processed.
After the Commitment Period, you agree not to sell to any third party any Eligible Loan that (a) we originated or serviced for you (except for your LOMSA Loans) or (b) is a Serial Loan, unless (i) you have offered such Loans for sale to us on the terms set forth in this Agreement, (ii) WE have been given a period of 30 days to review your offer, and (iii) we have elected not to buy such Loans.
Vote: Mr. Flynn moved, and it was seconded, to approve the Reserve Fund Transfer Request of $4,090.26 for the State House Serial Loan Note fees.