Access Loan definition

Access Loan means the aggregate of the loans and trade debt issued to STI from Access pursuant to the Access Credit Agreement.

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Access Loan means each of the consumer loans that were originated by the Seller, Oportun, LLC or Pathward as “Access Loans” (i) intended to make credit available to select borrowers who do not qualify for credit under the principal loan origination program and

Access Loan program (formerly known as the Seller’s “Starter Loan” program) intended to make credit available to select borrowers who do not qualify for credit under the Seller’s principal loan origination program, (ii) identified on the Seller’s, the Servicer’s or, if applicable, the Nevada Originator’s books as an Access Loan Receivable as of the date of origination, and (iii) identified by the Seller from time to time in writing to the Noteholders on a schedule of Access Loan Receivables, substantially in the form of Exhibit B to the Purchase Agreement.

Examples of Access Loan in a sentence

• KBNA acknowledges that if any Financed Student Loan that is an Access Loan is reacquired by it, such Financed Student Loan shall from the time of such reacquisition become subject to the restrictions and requirements on sale or transfer of loans by KBNA under the applicable Coordination Agreement.

• KBUSA acknowledges that if any Financed Student Loan that is an Access Loan is reacquired by it, such Financed Student Loan shall from the time of such reacquisition become subject to the restrictions and requirements on sale or transfer of loans by KBUSA under the applicable Coordination Agreement.

• Key Bank USA, National Association, acknowledges that if any Financed Student Loan that is an Access Loan is reacquired by it, such Financed Student Loan shall from the time of such reacquisition become subject to the restrictions and requirements on sale or transfer of loans by Key Bank USA, National Association, under the applicable Coordination Agreement.

• The Business Access Line of Credit or the Business Access Loan to Borrower from Lender, as the case may be, the general terms of which are set forth and described in the Confirmed Loan Terms from Lender to Borrower.

• In consideration for the performance of the Mortgage Broker Services, MLCC shall pay the following amounts to Cendant (i) an origination assistance fee of $[* * *] for each Loan (the “Mortgage Broker Origination Assistance Fee”; and (ii) an origination assistance fee of $[* * *] for each Equity Access Loan.

• By Physical Delivery, Laboratory Access, Loan of Materials, Satellite Delivery, or otherwise as Distributor may designate for each item.

• Upon such default, the Bank may close the Business Access Line of Credit or Business Access Loan and declare the entire Outstanding Balance immediately due and payable in full.

• Except as otherwise provided in the Confirmed Loan Terms, the repayment term for the Business Access Loan shall be for a period of up to the longer of (i) sixty (60) months or (ii) the documented useful life of the Collateral securing the Loan, which useful life shall be determined by Bank, in its sole discretion.

• For the additional avoidance of doubt, business purpose Loan Accounts and Lending Club Access Loan Accounts are not included in the calculation of whether the Monthly Minimum Amount is reached in a given month, and there is no minimum monthly payment with respect to business purpose Loan Accounts or Lending Club Access Loans.

• The equipment or goods pledged as collateral security for the repayment of a Business Access Loan.

More Definitions of Access Loan

Access Loan means each of the consumer loans that were originated by the Seller, Oportun, LLC or Pathward as “Access Loans” (i) intended to make credit available to select borrowers who do not qualify for credit under the principal loan origination program and underwriting criteria and (ii) identified on the Seller’s, the Servicer’s or, if applicable, Oportun, LLC’s or Pathward’s records as an “Access Loan Receivable” as of the date of origination.