Conduit Lender Eligible Lender Trustee definition

Conduit Lender Eligible Lender Trustee means The Bank of New York Mellon, a New York banking corporation.
Sample 1Sample 2

Examples of Conduit Lender Eligible Lender Trustee in a sentence

  • A Funding Note Purchase Agreement dated January 14, 2010 (amended and restated as of July 1, 2010) was executed by Straight-A Funding, LLC, as Conduit Lender; the State Education Assistance Authority, as Funding Note Issuer, Master Servicer and Sponsor; College Foundation, Inc., as Eligible Lender Trustee; The Bank of New York Mellon, as Conduit Administrator, Securities Intermediary and Conduit Lender Eligible Lender Trustee; and BMO Capital Markets Corp., as Manager.

  • The Eligible Lender Trustee acknowledges that the rights of the Funding Note Issuer, the Conduit Lender, the Conduit Lender Eligible Lender Trustee and any Affected Party with respect to the rights and remedies in connection with any breach of any representation, warranty or covenant made by the Eligible Lender Trustee under this Agreement shall be continuing and shall survive any termination of this Agreement.

  • Further, each of the parties hereto acknowledges and agrees that the Conduit Lender, the Conduit Lender Eligible Lender Trustee and the Affected Parties are express third party beneficiaries of the rights of the Funding Note Issuer and the Eligible Lender Trustee arising hereunder.

  • ORGANIZATION’S NAME THE BANK OF NEW YORK MELLON, as Conduit Lender Eligible Lender Trustee — 12b.

  • The Funding Note Issuer will cause to be taken all action necessary to perfect, protect and more fully evidence the ownership interest of the Funding Note Issuer (or of the Eligible Lender Trustee, acting on behalf of the Funding Note Issuer) and the first priority perfected security interest of the Conduit Lender and the Conduit Lender Eligible Lender Trustee in the Pledged Collateral.

  • Each of the Conduit Lender and the Conduit Lender Eligible Lender Trustee hereby agrees to release its lien on and security interest in any Financed Student Loan for which the Funding Note Issuer has deposited to the Funding Note Issuer Collection Account an amount equal to the Reimbursement Amount and paid all other Reimbursement Event Fees and Expenses payable pursuant to Section 4.03.

  • The Funding Note Issuer may request the Conduit Lender and the Conduit Lender Eligible Lender Trustee to release its security interest in all or a portion of the Financed Student Loans by delivering a Notice of Release to the Conduit Administrator and the Manager, not less than five (5) Business Days before any day on which the Funding Note Issuer may desire that such release occur.

  • By execution of this Agreement, each party hereto expressly acknowledges and agrees that all of the Funding Note Issuer’s (and the Eligible Lender Trustee’s) right, title, and interests in, to, and under this Agreement shall be assigned by the Funding Note Issuer (or the Eligible Lender Trustee on its behalf) for collateral purposes to the Conduit Lender and the Conduit Lender Eligible Lender Trustee pursuant to the Funding Note Purchase Agreement, and such party consents to such assignment.

Related to Conduit Lender Eligible Lender Trustee

  • Interim Eligible Lender Trustee shall also mean each successor Interim Eligible Lender Trustee as of the qualification of such Interim Eligible Lender Trustee under the Interim Trust Agreement.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.

  • Eligible Lender an entity that is a “Bank” (as defined in the 0000 Xxx) and is not otherwise prohibited by Section 17 of the 1940 Act from lending to the Borrower.

  • Conduit Lender any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 2.19, 2.20 or 10.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Eligible lending institution means a financial

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Conduit Purchaser means each commercial paper conduit that is a party to this Agreement, as a purchaser, or that becomes a party to this Agreement, as a purchaser pursuant to an Assumption Agreement, Transfer Supplement or otherwise.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Liquidity Bank means the Person or Persons who provide liquidity support to any Conduit Lender pursuant to a Liquidity Agreement in connection with the issuance by such Conduit Lender of Commercial Paper Notes.

  • Applicable Lender has the meaning assigned to such term in Section 2.06(d).

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Eligible LC Bank means either a U.S. commercial bank, or a foreign bank issuing a Letter of Credit through its U.S. branch; and in each case the issuing U.S. commercial bank or foreign bank must be acceptable to Buyer in its sole discretion and such bank must have a Credit Rating of at least: (a) “A-, with a stable designation” from S&P and “A3, with a stable designation” from Moody’s, if such bank is rated by both S&P and Moody’s; or (b) “A-, with a stable designation” from S&P or “A3, with a stable designation” from Moody’s, if such bank is rated by either S&P or Moody’s, but not both, even if such bank was rated by both S&P and Moody’s as of the date of issuance of the Letter of Credit but ceases to be rated by either, but not both of those ratings agencies.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • L/C Lender a Lender with an L/C Commitment.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • DIP Lender means a lender under the DIP Facility.