Student Loan Note definition

Student Loan Note means a promissory note evidencing the related Student Loan.
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Student Loan Note. The promissory note or other evidence of indebtedness of a Promisor with respect to a Student Loan.
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Student Loan Note means the promissory note or notes of an Obligor and any amendment thereto evidencing such Obligor’s obligation with regard to a Student Loan or the electronic records evidencing the same. “Subservicer” means any subservicer appointed by the Servicer in accordance with the terms of the Servicing Agreement. “UCC” means the Uniform Commercial Code as from time to time in effect in the specified jurisdiction. “United States” means the United States of America.
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Examples of Student Loan Note in a sentence

  • Nevertheless, the Trustee shall retain possession of the original Student Loan Note with respect to each Alternative Loan and may elect to retain such other original documentation as it may, upon the advice of Counsel, consider necessary or advisable to protect its first security interest in the Financed Student Loans.

  • Notwithstanding the foregoing, Wachovia Bank agrees to individually endorse each Student Loan Note in the form provided by the Depositor as the Depositor may from time to time reasonably require or if such individual endorsement is required by the Guarantor of the Student Loan Note.

  • Notwithstanding the foregoing, WEF agrees to individually endorse each Student Loan Note in the form provided by the Depositor as the Depositor may from time to time reasonably require or if such individual endorsement is required by the Guarantor of the Student Loan Note.

  • In connection therewith, the Master Servicer is hereby authorized and empowered (or at the direction of the Master Servicer, the related Sub-Servicer is authorized and empowered) to convey to any Guarantor the Student Loan Note and the related loan documents representing any Pledged Student Loan in connection with submitting a claim to such Guarantor for a Guarantee Payment in accordance with the terms of the applicable Guarantee Agreement.

  • For Student Loan Notes that were executed electronically, the Master Servicer, directly or through subservicers (or, if applicable, third-party sub-custodians), has possession of the electronic records evidencing the Student Loan Note.

  • For Purchased Loans that were executed electronically, the Master Servicer, directly or through sub-servicers (or, if applicable, third-party sub-custodians), has possession of the electronic records evidencing the Student Loan Note.

  • Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of and on behalf of the Transferor agrees to individually endorse each Student Loan Note in the form provided by the Transferee as the Transferee may from time to time reasonably require or if such individual endorsement is required by the Guarantor of the Loan.

  • Notwithstanding the foregoing, the Seller agrees to individually endorse each Student Loan Note in the form provided by the Purchaser as the Purchaser may from time to time reasonably require or if such individual endorsement is required by the Guarantor of the Loan.

  • Each Financed Student Loan, including the related Student Loan Note, is owned by the Issuer or by the Eligible Lender Trustee, on behalf of the Issuer, free and clear of any Lien other than the Lien created hereby.

  • Each of the Master Servicer and the Administrator acknowledges and agrees that it will hold each such Student Loan Note as bailee pursuant to Section 9-313 of the UCC for the Indenture Trustee for the benefit of the Secured Parties.


More Definitions of Student Loan Note

Student Loan Note. The promissory note evidencing each Student Loan.
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Student Loan Note means the promissory note or notes of a Borrower and any amendment thereto evidencing the Borrower's obligation with regard to a loan or the electronic records evidencing the same. "Subserviced Student Loan Files" has the meaning given to such term in Section 3.1. "Subserviced Student Loans" has the meaning given to such term in the Recitals. "Subservicer Default" has the meaning given to such term in Section 6.1. "Subservicing Carryover Fee" means, with respect to each Monthly Servicing Payment Date beginning with the Initial Monthly Servicing Payment Date, the Carryover Servicing Fee received by the Servicer or its designee for the Subserviced Student Loans with respect to such Monthly Servicing Payment Date. "Subservicing Fee" means (1) with respect to each Monthly Servicing Payment Date beginning with the Initial Monthly Servicing Payment Date, the Primary Servicing Fee received by the Servicer or its designee for the Subserviced Student Loans with respect to such Monthly Servicing Payment Date, plus (2) any amounts remitted to the Servicer from the Collection Account pursuant to Section 2.7(d) of the Administration Agreement to reimburse the Subservicer (to the extent of Available Funds) for any net payments made by the Subservicer on behalf of the Issuer to the Department in respect of special allowance payment rebates pursuant to Section 4.8 of this Agreement; provided that in the case of that portion of the Subservicing Fee calculated pursuant to the preceding clause (1) with respect to the Initial Monthly Servicing Payment Date, the Subservicer will be entitled only to a pro rata portion of the Subservicing Fee for the number of days in the preceding calendar month from, and including, the Effective Date to, but excluding, the last day of such month. 3 ARTICLE II
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Related to Student Loan Note

  • student loan means a loan towards a student’s maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student’s bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Loan Note means each Loan Note of the Borrower in the form of Exhibit C attached hereto, payable to the order of a Funding Agent for the benefit of the Lenders in such Funding Agent’s Lender Group, in the aggregate face amount of up to such Lender Group’s portion of the Maximum Facility Amount, evidencing the aggregate indebtedness of the Borrower to the Lenders in such Funding Agent’s Lender Group.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Loan Notes means the promissory notes evidencing the Loans in the aggregate original principal amount of Two Hundred Million Dollars ($200,000,000) executed by Borrower in favor of Lenders, as they may be amended, supplemented, replaced or modified from time to time. The Loan Notes and any replacements thereof shall be substantially in the form of Exhibit C.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Eligible Loan Asset means, at any time, a Loan Asset in respect of which each of the representations and warranties contained in Section 4.02 and Schedule III hereto is true and correct.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

  • Permanent Loan means any permanent loan provided by the Permanent Lender to the Partnership pursuant to the terms of the Permanent Loan Documents.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last, day of a Collection Period, purchased by the Servicer pursuant to Section 3.05 of the Servicing Agreement or repurchased by the Depositor pursuant to Section 6.01 of the Sale Agreement or purchased by the Sellers pursuant to Section 6.01 of the Purchase Agreements.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Original Loan Agreement has the meaning set forth in the recitals hereto.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.