Substituted Loans means the Eligible Loans evidenced by a Note or Notes substituted by the Seller, pursuant to the terms of Section 6(B) hereof, from time to time as evidenced by an Additional Sale Agreement and related documentation, together with any guarantees and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments. For all purposes hereunder, except with respect to Purchase Price or as otherwise set forth herein, Substituted Loans shall be treated as Additional Loans.
Substituted Loans means the Eligible Loans evidenced by a Note or Notes substituted by SLM ECFC pursuant to the terms of Section 6(B) hereof from time to time as evidenced by an Additional Purchase Agreement and related documentation, together with any guarantees and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments. For all purposes hereunder, except with respect to Purchase Price or as otherwise set forth herein, Substituted Loans shall be treated as Additional Loans.
Substituted Loans means the Eligible Loans evidenced by a Note or Notes substituted by Bluemont Funding pursuant to the terms of Section 6(B) hereof from time to time as evidenced by an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments. For all purposes hereunder, except with respect to Purchase Price or as otherwise set forth herein, Substituted Loans shall be treated as Additional Loans.
Examples of Substituted Loans in a sentence
During the Supplemental Purchase Period or the Funding Period with respect to the Additional Loans (and thereafter with respect to Substituted Loans), the sale and purchase of Eligible Loans pursuant to an Additional Purchase Agreement shall be consummated upon (i) Funding’s receipt from VG Funding and the VG Funding Eligible Lender Trustee of a fully executed copy of the related Additional Purchase Agreement; and (ii) the payment by Funding to VG Funding of the related Purchase Price.
In addition, at any time, VG Funding may transfer Substituted Loans to Funding in satisfaction of any Loan repurchase obligations hereunder.
The sale and purchase (or substitution) of Additional Loans (or Substituted Loans) pursuant to an Additional Purchase Agreement shall be consummated as set forth in this Section 3.2.
More Definitions of Substituted Loans
Substituted Loans means any Eligible Loans substituted for Purchased Loans in accordance with Section 9 hereof.
Substituted Loans means the Eligible Loans evidenced by a Note or Notes substituted by VG Funding pursuant to the terms of Section 6(B) hereof from time to time as evidenced by an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments. For all purposes hereunder, except with respect to Purchase Price or as otherwise set forth herein, Substituted Loans shall be treated as Additional Loans. Purchase Agreement – Master (VG FUNDING)
Substituted Loans means the Eligible Loans evidenced by a Student Loan Note or Student Loan Notes substituted by Wachovia Bank pursuant to the terms of Section 6(B) hereof from time to time as evidenced by an Subsequent Transfer Agreement and related documentation, together with any guarantees and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.
Substituted Loans means the Eligible Loans evidenced by a Student Loan Note or Student Loan Notes substituted by WEF pursuant to the terms of Section 6(B) hereof from time to time as evidenced by an Subsequent Transfer Agreement and related documentation, together with any guarantees and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.
Substituted Loans means the Eligible Loans evidenced by a Note or Notes substituted by Town Hall Funding pursuant to the terms of Section 6(B) hereof from time to time as evidenced by an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments. For all purposes hereunder, except with respect to Purchase Price or as otherwise set forth herein, Substituted Loans shall be treated as Additional Loans. Purchase Agreement – Master (TOWN HALL FUNDING)
Substituted Loans means the Eligible Loans evidenced by the Student Loan Notes substituted by the Transferor pursuant to the terms of Section 6.2 hereof from time to time as evidenced by a Subsequent Transfer Agreement and related documentation, together with any guarantees and other rights relating thereto, including, without limitation, Interest Subsidy Payments and Special Allowance Payments.
Substituted Loans means the Eligible Loans evidenced by a Note or Notes substituted by Seller from time to time pursuant to an Additional Sale Agreement and related documentation, together with any guarantees and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.