Examples of Loan Participation in a sentence
The Company shall be, and hereby is, authorized to deal with all Persons with respect to the Loans, including Borrowers, Guarantors, parties to intercreditor agreements, and parties to Loan Participation Agreements.
If the Undersigned participates in the Loan Participation Purchase Program, it will sell, from time to time, participation interests in FFELP loans to the Department of Education with an aggregate unpaid principal balance of not less than $50,000,000 in loans either held by such eligible lender or aggregated with other FFELP loans held by one or more eligible lenders.
Separately, the Department is offering a Loan Participation Purchase Program (as referred to in the Notice of Intent to Participate) for eligible FFELP loans.
The Company shall be, and hereby is, authorized to deal with all Persons with respect to the Loans, including Borrowers, Guarantors, and parties to intercreditor agreements, and parties to Loan Participation agreements.
CHECK THE APPLICABLE BOX(ES): □ Loan Purchase Commitment Program □ Loan Participation Purchase Program and the Loan Purchase Commitment Program By signifying its intent to participate in such program(s), the Undersigned hereby certifies and agrees that: If the Undersigned participates in either of the programs, it will continue to originate or acquire FFELP loans made to students and parents.