Interest Subsidy and Special Allowance Payments and Rebate Fees Clause Samples
The 'Interest Subsidy and Special Allowance Payments and Rebate Fees' clause governs the financial arrangements between lenders and a government or guarantor regarding interest subsidies, special allowance payments, and any applicable rebate fees. In practice, this clause outlines the conditions under which a lender may receive payments to offset interest costs or special allowances for certain types of loans, as well as the circumstances requiring the lender to pay rebate fees back to the government. Its core function is to ensure that the financial incentives and obligations related to subsidized loans are clearly defined, thereby promoting compliance and proper allocation of funds.
Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related ▇▇▇▇ of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.
Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Initial Loan up to but not including the Initial Cutoff Date, and shall be responsible for the payment of rebate fees, if any, applicable to the Initial Loans accruing up to but not including the Initial Cutoff Date. The Purchaser and the Eligible Lender Trustee, for the benefit of the Purchaser, shall be entitled to all Special Allowance Payments and Interest Subsidy Payments on the Initial Loans accruing from the Initial Cutoff Date, and shall be responsible for the payment of any rebate fees applicable to the Initial Loans accruing from the Initial Cutoff Date.
Interest Subsidy and Special Allowance Payments and Rebate Fees. On the Cutoff Date, Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each ▇▇▇▇ of Sale accruing up to but not including the Closing Date. The Purchaser and the Eligible Lender Trustee for the benefit of Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments and shall be responsible for the payment of any rebate fees accruing from the Cutoff Date in the case of Special Allowance Payments and Interest Subsidy Payments and the Closing Date in the case of any rebate fees.
Interest Subsidy and Special Allowance Payments and Rebate Fees. SLC shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans up to but not including the related Payment Cutoff Date, and shall be responsible for the payment of rebate fees, if any, applicable to Loans accruing up to but not including the related Payment Cutoff Date. SLC Receivables and the Eligible Lender Trustee on behalf of SLC Receivables shall be entitled to all Special Allowance Payments and Interest Subsidy Payments on the Loans accruing from, and including, the related Payment Cutoff Date, and shall be responsible for the payment of any rebate fees applicable to Loans accruing from, and including, the Payment Cutoff Date.
Interest Subsidy and Special Allowance Payments and Rebate Fees. On the date of the ▇▇▇▇ of Sale, Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each ▇▇▇▇ of Sale accruing up to but not including the date of the ▇▇▇▇ of Sale. The Purchaser and the Eligible Lender Trustee for the benefit of Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments and shall be responsible for the payment of any rebate fees accruing from the date of the ▇▇▇▇ of Sale.
Interest Subsidy and Special Allowance Payments and Rebate Fees. On the Closing Date, ▇▇▇▇▇▇ ▇▇▇ shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each ▇▇▇▇ of Sale accruing up to but not including the Closing Date. The Interim Eligible Lender Trustee on behalf of Funding shall be entitled to all Special Allowance Payments and Interest Subsidy Payments and shall be responsible for the payment of any rebate fees accruing from the Closing Date.
Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans up to but not including the related Payment Cutoff Date, and shall be responsible for the payment of rebate fees, if any, applicable to Loans accruing up to but not including the related Payment Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments on the Loans accruing from, and including, the related Payment Cutoff Date, and shall be responsible for the payment of any rebate fees applicable to Loans accruing from, and including, the Payment Cutoff Date.
Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Consolidation Loans up to but not including the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each ▇▇▇▇ of Sale accruing up to but not including the Closing Date. The Purchaser and the Eligible Lender Trustee, for the benefit of Purchaser, shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to any ▇▇▇▇ of Sale accruing from the Closing Date.
Interest Subsidy and Special Allowance Payments and Rebate Fees. Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans accruing up to but not including the Cut-off Date. The Purchaser and the Eligible Lender Trustee, for the benefit of Purchaser, shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from and after the Cutoff Date.
Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller (and the Interim Eligible Lender Trustee for the benefit of the Seller) shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Initial Loan up to but not including the Initial Cutoff Date, and shall be responsible for the payment of rebate fees, if any, applicable to the Initial Loans accruing up to but not including the Initial Cutoff Date. The Purchaser (and the Eligible Lender Trustee, for the benefit of the Purchaser) shall be entitled to all Special Allowance Payments and Interest Subsidy Payments on the Initial Loans accruing from the Initial Cutoff Date, and shall be responsible for the payment of any rebate fees applicable to the Initial Loans accruing from the Initial Cutoff Date.