Educational Lender definition

Educational Lender. An institution that meets the lender eligibility criteria outlined in 23 Ill. Adm. Code 2720.25 for FFELP Loans and 2721.40 for alternative loans.
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Examples of Educational Lender in a sentence

  • If Private Educational Lender is unable to obtain a rejection notification, [rebuttable presumption that lender did not attempt to offer facilitated mediation in good faith].

  • If Borrower and Private Educational Lender cannot reach an agreed mediation date within the period noted in Part 2 and failure was due to— Private Educational Lender Then Private Educational Lender may not attempt to collect on the debt.

  • Borrower Then Private Educational Lender has a presumption of a good faith attempt at mediation.

  • If a Private Educational Lender proves to follow business norms in a reasonable manner by a preponderance of evidence, a breach of good faith and fair dealing requirement cannot be found.

  • The cost of Facilitated Mediation will be based upon the current market rate for mediation services.Borrower and Private Educational Lender must each pay half of the cost of Facilitated Mediation unless the Facilitator determines justice requires an alternative payment.

  • Private Educational Lender shall not exercise any undue influence throughout the entire lending process.

  • If Borrower rejects the opportunity to participate in Facilitated Mediations, the Borrower must notify Private Educational Lender in writing; and Private Educational Lender must retain the rejection notification for its records for a period of [insert legal record keeping statute reference].

Related to Educational Lender

  • Institutional Lender means one or more commercial or savings banks, savings and loan associations, trust companies, credit unions, industrial loan associations, insurance companies, pension funds, or business trusts including but not limited to real estate investment trusts, any other lender regularly engaged in financing the purchase, construction, or improvement of real estate, or any assignee of loans made by such a lender, or any combination of any of the foregoing entities.

  • Educational loan means a loan made by the authority to an institution.

  • Additional Lender has the meaning set forth in Section 2.14(c).

  • Additional Lenders has the meaning assigned to such term in Section 2.18(b).

  • Qualified Institutional Lender means each of the Initial Note Holders and any other U.S. Person that is:

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • Educational facility means a structure available for use as a dormitory or other housing facility, including housing facilities for students, a dining hall, student union, administration building, academic building, library, laboratory, research facility, classroom, athletic facility, health care facility, and maintenance, storage, or utility facility, and other structures or facilities related thereto or required or useful for the instruction of students or the conducting of research or the operation of an institution for higher education, including parking and other facilities or structures essential or convenient for the orderly conduct of the institution for higher education, and shall include lands and interests in lands and landscaping, site preparation, furniture, equipment, machinery, and other similar items necessary or convenient for the operation of a particular facility or structure in the manner for which its use is intended, and any improvements necessary to a particular facility to make the facility more energy efficient. Educational facility does not include items as books, fuel, supplies, or other items the costs of which are customarily deemed to result in a current operating charge and does not include any facility used or to be used for sectarian instruction or as a place of religious worship, nor a facility which is used or to be used primarily in connection with a part of the program of a school or department of divinity for a religious denomination.

  • Postsecondary educational institution means a degree- or certificate-granting public or private college or university, junior college, or community college that is located in this state. The term includes the governing body of the postsecondary educational institution.

  • Educational institution means a University or any educational institution recognized by the State Government, a University or other competent authority;

  • Additional Lender Certificate has the meaning assigned to such term in Section 2.06(c)(ii)(F).

  • Educational institutions means schools and suchlike institutions;

  • Incremental Lender means an Incremental Revolving Lender or an Incremental Term Lender.

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Original Lenders shall have the meaning assigned to such term in the recitals hereto.

  • Participating Financial Institution means a financial institution participating in EMT Services and/or Online Payment Services, as the case may be.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;

  • Eligible educational institution means any of the following:

  • State educational institution means an institution enumerated in Article 12, Section 11 of the constitution of New Mexico;

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • Licensed financial institution means a financial institution issued a license under this act.

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to subparagraph 2(b) of Article 5 of this Agreement or the corresponding provision in an agreement between the United States and a Partner Jurisdiction.