Examples of Borrower Benefits in a sentence
Prior to the sale of any Putable Loan to the Department, the Conduit or its agent shall apply funds in the Excluded Borrower Benefit Account (as defined below) to pay any Excluded Borrower Benefits to the Person entitled (or potentially entitled) to such benefit.
Submit requests to the City Clerk for records management policy or retention schedule amendments.The records of the City as set forth in the approved departmental Records Retention Schedules are authorized to be destroyed and said destruction shall be witnessed by the City Clerk or a designated representative.
Pending application of moneys in the Borrower Benefits Fund, such moneys shall be invested in Investment Securities as provided in Section 4.11 hereof, and any earnings on or income from such investments shall be deposited in the Collection Fund as provided in Section 4.05 hereof.
Amounts on deposit in the Borrower Benefits Fund, unless released to the Collection Fund as provided in this Section, shall be used solely for the payment of the Borrower Benefit on such Consolidation Loans described in clause (a)(i) of the definition of “Borrower Benefits” contained in Section 1 of the applicable Supplemental Indenture.
Any amounts on deposit in the Borrower Benefits Fund which relate to Consolidation Loans for which the borrower under such Consolidation Loans has failed to qualify for the Borrower Benefit on such Consolidation Loans described in clause (a)(i) of the definition of “Borrower Benefits” contained in Section 1 of the applicable Supplemental Indenture shall, upon Issuer Order, be transferred to the Collection Fund.