Common use of Education Loan Clause in Contracts

Education Loan. That its shareholders holding more than five percent (5%) of the outstanding shares of the corporation, its officers and directors are not in default as defined in 5 ILCS 385/2, on an educational loan as defined in 5 ILCS 385/1.

Appears in 3 contracts

Sources: Agreement for Vehicle Towing Services, Request for Application Agreement, Request for Application Agreement