Cohort Default Rate. Permit the Cohort Default Rate for any School to exceed: (i) the maximum percentage permitted by the DOE for the applicable three consecutive cohort fiscal years in order for such school to participate in Title IV Programs or (ii) the maximum percentage permitted by the DOE for the applicable cohort fiscal year in order for such school to participate in Title IV Programs. For purposes of this Section 7.11(d), a “cohort fiscal year” is a twelve month period commencing on October 1 of a year and ending on September 30 of the following year.
Cohort Default Rate. Section 2.20 of the Company Disclosure Letter sets forth the published and draft cohort default rate for the School, calculated by the DOE and issued to the School pursuant to 30 C.F.R. (S) 668.17 or a predecessor regulation, for the federal fiscal years September 30, 1994 through and including September 30, 1997. Such schedule is materially accurate in all respects. As of the date of this Agreement, neither the Company nor the School has received any notice from DOE or any guaranty agency as to the calculation or issuance of a published or draft cohort default rate for the School for the year ended September 30, 1998. The School has official cohort default rates of 25.0%, 15.6%, 2.8%, 12.5% and 28.57% on Federal Xxxxxxx Loans for award years, 1995, 1996, 1997, 1998 and 1999, respectively.
Cohort Default Rate. Schedule 4.10 attached hereto sets forth the published cohort default rate for each School, calculated in the manner prescribed by the DOE and issued to such School, of all students attending such School receiving assistance pursuant to Title IV programs for the fiscal years June 30, 1992 through June 30, 1995. To the best of Sellers' knowledge, such schedule is materially accurate in all respects. None of the Company, the Subsidiaries, the Schools or any Seller has received any notice as to the calculation or amount of the cohort default rates for the Schools for the year ended June 30, 1996.
Cohort Default Rate. Permit the Cohort Default Rate for any School (i) with respect to any period prior to the release of official cohort default rates in approximately September 2014, to be equal to or greater than twenty-five percent (25%) for three consecutive federal fiscal years, (ii) with respect to the official three-year cohort default rates for federal fiscal year 2009, federal fiscal year 2010 and federal fiscal year 2011 and any three-year cohort default rates published thereafter, to be equal to or greater than thirty percent (30%) for three consecutive federal fiscal years or (iii) to exceed forty percent (40%) for any single federal fiscal year.
Cohort Default Rate. 9 5.8 Title to the Purchased Assets........................... 9 5.9
Cohort Default Rate. Schedule 5.7 attached hereto sets forth the ------------ cohort default rate for the School, calculated in the manner prescribed by USED, of all students attending the School receiving assistance pursuant to Title IV programs for the years ended December 31, 1990 through 1995. To the best knowledge of Seller, such schedule is materially accurate in all respects.
Cohort Default Rate. Permit the Cohort Default Rate for any School (as defined for DOE purposes) to equal or exceed 30% for any two consecutive federal fiscal years or to equal or exceed 40% for any one federal fiscal year, commencing with the Cohort Default Rate for the 2012 federal fiscal year, subject to the completion of a customary appeals process after the federal fiscal year.
Cohort Default Rate. Schedule 4.10 attached hereto sets forth the published and draft ------------- cohort default rate for the School, calculated by the DOE and issued to the School pursuant to 30 C.F.R. (S) 668.17 or a predecessor regulation, for the federal fiscal years September 30, 1994 through and including September 30, 1996. To the Best of Seller's Knowledge, such schedule is materially accurate in all respects. As of the date of this Agreement, none of the Company, the School or Seller has received any notice as to the calculation or issuance of a published or draft cohort default rate for the School for the year ended September 30, 1997.
Cohort Default Rate. Section 6.21(c) of the Company Disclosure Schedule sets forth (i) the official, published cohort default rate (whether final or draft) for Federal Family Education Loan Program loans or Federal Direct Loan Program loans for each Institution, for the federal fiscal years ending December 31, 2001, December 31, 2002, December 31, 2003 and December 31, 2004; and (ii) the official cohort default rates on Federal Pxxxxxx Loans for award years 2001-2003 for each Institution which participates in such loan program. Such schedule is materially accurate in all respects.
Cohort Default Rate. The Company has provided or made ------------------- available to the Parent true and correct copies of the Schools' Official Cohort Default Rate ("OCDR"), as issued by the Department of Education, for the fiscal years 1995 through 1998, and each Schools Pre-Publication Cohort Default Rate, as issued by the Department of Education for fiscal year 1999, when available.
