CFLD definition
Examples of CFLD in a sentence
Based upon such review, CFLD will either recommend approval or disapproval of each prospective Loan to the Bank.
CFLD further agrees to reasonably cooperate and assist both the Bank and UFC2 in connection with the underwriting, processing, review, approval or disapproval of loans, the records and documents of CFLD concerning the funding and origination of the Loans, and any proposed changes to the Underwriting Criteria.
Except for the absence of footnote disclosures and as set forth on Schedule 5.9, the Financial Statements have been prepared in accordance with GAAP consistently applied and present fairly in all material respects the financial position and results of operations of CFLD, UFC2 and NSA as at the dates and for the periods indicated therein.
Except for collection of the Underwriting Fee pursuant to this Agreement, CFLD will not look to the Bank for any compensation in connection with this Agreement.
Accordingly, an Event of Default has occurred pursuant to Condition 9(a) (Non-Payment) in respect of the CFLD US$530,000,000 2021 Bonds (the “CFLD US$530,000,000 2021 Bonds Non-Payment Default”).
The Bank hereby engages CFLD to underwrite, review, process, and provide information to the Bank to permit the Bank to approve or disapprove prospective student loans (the "Loans").
As to all prospective Loans which CFLD recommends the Bank to approve, CFLD will prepare and forward to the appropriate student to whom a Loan is made, a Truth-in-Lending Disclosure Statement, generally in the form agreed upon by the Bank and UFC2 and provided to CFLD.
All legal fees and programming costs incurred by the Bank and RLPC for the administration of the CFLD Program will be passed-through and paid by UFC2 at the time the expenses are incurred, so long as any programming costs are reasonable and are pre-approved by UFC2.
The Bank may audit the performance of this Agreement by CFLD at any time at the Bank's expense during normal business hours.
This Agreement shall inure to the benefit of and be legally binding upon the Bank and CFLD, their respective representatives, successors and permitted assigns.