Deferment Status definition

Deferment Status means a status with respect to any Student Loan permitted by the Higher Education Act and the policies of the applicable Student Loan Guarantor during which the related obligor may postpone or reduce the amount of the obligor's scheduled payment of principal and interest.
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Deferment Status. Eligible Alternative Loan"; "Eligible Student Loan"; "Forbearance Status"; "Initial Financed Student Loans"; "Realized Losses"; and "Student Loan."
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Deferment Status means a status with respect to (i) any Student Loan permitted by the Higher Education Act and the policies of the applicable Student Loan Guarantor during which the related Borrower may postpone or reduce the amount of the Borrower's scheduled payment of principal and interest, or (ii) any Alternative Loan permitted by the TuitionGard Program or the AMS Non-Guaranteed Alternative Loan Program and the policies of the applicable Alternative Loan Guarantor during which the related Borrower may postpone or reduce the amount of the obligor's scheduled payment of principal and interest; provided, however, that the definition of "Deferment Status" may be changed by the Issuer at any time upon satisfaction of the Rating Agency Confirmation Condition.
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Related to Deferment Status

  • Permanent status means the state an employee attains after satisfactorily completing an

  • Outpatient status means, with respect to a covered servicemember who is a current member of the Armed Forces, the status of a member of the Armed Forces assigned to:

  • B-BBEE status level of contributor” means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad- Based Black Economic Empowerment Act;

  • Toll Billing Exception Service (TBE) means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Active status means (i) for employees, the absence of any interruption or termination of service as an employee, (ii) for Directors, that the Director has not been removed from the Board for cause (as determined by the Company’s shareholders), and (iii) for Consultants, the absence of any interruption, expiration, or termination of such person’s consulting or advisory relationship with the Company or any Subsidiary or the occurrence of any termination event as set forth in such person’s Award Agreement. Active Status shall not be considered interrupted (A) for an employee in the case of sick leave, maternity leave, infant care leave, medical emergency leave, military leave, or any other leave of absence properly taken in accordance with the policies of the Company or any applicable Subsidiary as may be in effect from time to time, and (B) for a Consultant, in the case of any temporary interruption in such person’s availability to provide services to the Company or any Subsidiary which has been granted in writing by an authorized officer of the Company. Whenever a mandatory severance period applies under applicable law with respect to a termination of service as an employee, Active Status shall be considered terminated upon such Employee’s receipt of notice of termination in whatever form prescribed by applicable law.