{"component": "definition", "props": {"groups": [{"snippet": "means a Loan offered for sale or substituted by SLM ECFC under a Purchase Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Purchase Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related \u2587\u2587\u2587\u2587 of Sale, in the case of any Additional Loan or Substituted Loan:\n(i) is a Consolidation Loan;\n(ii) is owned by SLM ECFC and is fully disbursed;\n(iii) is guaranteed as to principal and interest by the applicable Guarantor to the maximum extent permitted by the Higher Education Act for such Loan;\n(iv) bears interest at a stated rate of not less than the maximum rate permitted under the Higher Education Act for such Loan;\n(v) is eligible for the payment of the quarterly special allowance at the full and undiminished rate established under the formula set forth in the Higher Education Act for such Loan;\n(vi) if not yet in repayment status, is eligible for the payment of interest benefits by the Secretary or, if not so eligible, is a Loan for which interest either is billed quarterly to Borrower or deferred until commencement of the repayment period, in which case such accrued interest is subject to capitalization to the full extent permitted by the applicable Guarantor;\n(vii) is current or no payment of principal or interest shall be more than 210 days past due as of the Statistical Cutoff Date, in the case of the Initial Loans, or in relation to any Additional Loan or Substituted Loan, the related Subsequent Cutoff Date;\n(viii) the last disbursement was before the Statistical Cutoff Date, in the case of the Initial Loans, or before the Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan;\n(ix) is supported by the following documentation:\n1. loan application, and any supplement thereto,\n2. original promissory note and any addendum thereto (or a certified copy thereof if more than one loan is represented by a single promissory note and all loans so represented are not being sold) or the electronic records evidencing the same,\n3. evidence of guarantee,\n4. any other document and/or record which Funding may be required to retain pursuant to the Higher Education Act,\n5. if applicable, payment history (or similar document) including (i) an indication of the Principal Balance and the date through which interest has been paid, each as of the Statistical Cutoff Date, in the case of the Initial Loans, or the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, and (ii) an accounting of the allocation of all payments by the Borrower or on the Borrower\u2019s behalf to principal and interest on the Loan,\n6. if applicable, documentation which supports periods of current or past deferment or past forbearance,\n7. if applicable, a collection history, if the Loan was ever in a delinquent status, including detailed summaries of contacts and including the addresses or telephone numbers used in contacting or attempting to contact Borrower and any endorser and, if required by the Guarantor, copies of all letters and other correspondence relating to due diligence processing,\n8. if applicable, evidence of all requests for skip-tracing assistance and current address of Borrower, if located,\n9. if applicable, evidence of requests for pre-claims assistance, and evidence that the Borrower\u2019s school(s) have been notified, and\n10. if applicable, a record of any event resulting in a change to or confirmation of any data in the Loan file.", "size": 362, "samples": [{"hash": "kCuZq9sqmMA", "uri": "/contracts/kCuZq9sqmMA#eligible-loan", "label": "Purchase Agreement (SLM Student Loan Trust 2007-1)", "score": 21.0, "published": true}, {"hash": "iYYqSXjZPTs", "uri": "/contracts/iYYqSXjZPTs#eligible-loan", "label": "Purchase Agreement (SLM Student Loan Trust 2007-4)", "score": 21.0, "published": true}, {"hash": "i9p4WI1k0ij", "uri": "/contracts/i9p4WI1k0ij#eligible-loan", "label": "Purchase Agreement (SLM Student Loan Trust 2006-8)", "score": 21.0, "published": true}], "snippet_links": [{"key": "a-loan", "type": "definition", "offset": [6, 12]}, {"key": "offered-for-sale", "type": "definition", "offset": [13, 29]}, {"key": "slm-ecfc", "type": "definition", "offset": [48, 56]}, {"key": "purchase-agreement", "type": "definition", "offset": [65, 83]}, {"key": "statistical-cutoff-date", "type": "definition", "offset": [100, 123]}, {"key": "in-the-case", "type": "clause", "offset": [125, 136]}, {"key": "the-initial-loans", "type": "clause", "offset": [140, 157]}, {"key": "subsequent-cutoff-date", "type": "definition", "offset": [180, 202]}, {"key": "additional-loan", "type": "clause", "offset": [223, 238]}, {"key": "substituted-loan", "type": "definition", "offset": [242, 258]}, {"key": "payment-of-principal-or-interest", "type": "clause", "offset": [340, 372]}, {"key": "effective-date-of-the", "type": "clause", "offset": [494, 515]}, {"key": "consolidation-loan", "type": "definition", "offset": [603, 621]}, {"key": "owned-by", "type": "definition", "offset": [631, 639]}, {"key": "principal-and-interest", "type": "definition", "offset": [699, 721]}, {"key": "applicable-guarantor", "type": "definition", "offset": [729, 749]}, {"key": "higher-education-act", "type": "clause", "offset": [789, 809]}, {"key": "rate-of", "type": "clause", "offset": [857, 864]}, {"key": "maximum-rate", "type": "clause", "offset": [883, 895]}, {"key": "payment-of-the", "type": "clause", "offset": [976, 990]}, {"key": "special-allowance", "type": "clause", "offset": [1001, 1018]}, {"key": "payment-of-interest", "type": "clause", "offset": [1193, 1212]}, {"key": "the-secretary", "type": "clause", "offset": [1225, 1238]}, {"key": "to-borrower", "type": "definition", "offset": [1319, 1330]}, {"key": "commencement-of-the", "type": "clause", "offset": [1349, 1368]}, {"key": "repayment-period", "type": "clause", "offset": [1369, 1385]}, {"key": "accrued-interest", "type": "clause", "offset": [1406, 1422]}, {"key": "subject-to", "type": "clause", "offset": [1426, 1436]}, {"key": "no-payment", "type": "clause", "offset": [1530, 1540]}, {"key": "days-past-due", "type": "clause", "offset": [1589, 1602]}, {"key": "in-relation-to", "type": "clause", "offset": [1675, 1689]}, {"key": "loan-application", "type": "clause", "offset": [2017, 2033]}, {"key": "original-promissory-note", "type": "definition", "offset": [2066, 2090]}, {"key": "certified-copy", "type": "clause", "offset": [2122, 2136]}, {"key": "one-loan", "type": "clause", "offset": [2158, 2166]}, {"key": "represented-by", "type": "definition", "offset": [2170, 2184]}, {"key": "all-loans", "type": "clause", "offset": [2214, 2223]}, {"key": "electronic-records", "type": "clause", "offset": [2266, 2284]}, {"key": "evidence-of-guarantee", "type": "clause", "offset": [2309, 2330]}, {"key": "other-document", "type": "clause", "offset": [2339, 2353]}, {"key": "pursuant-to-the", "type": "definition", "offset": [2408, 2423]}, {"key": "if-applicable", "type": "definition", "offset": [2449, 2462]}, {"key": "payment-history", "type": "definition", "offset": [2464, 2479]}, {"key": "principal-balance", "type": "definition", "offset": [2537, 2554]}, {"key": "payments-by-the-borrower", "type": "clause", "offset": [2823, 2847]}, {"key": "interest-on-the-loan", "type": "definition", "offset": [2893, 2913]}, {"key": "periods-of", "type": "clause", "offset": [2962, 2972]}, {"key": "delinquent-status", "type": "definition", "offset": [3086, 3103]}, {"key": "telephone-numbers", "type": "clause", "offset": [3177, 3194]}, {"key": "by-the-guarantor", "type": "clause", "offset": [3282, 3298]}, {"key": "copies-of-all", "type": "definition", "offset": [3300, 3313]}, {"key": "other-correspondence", "type": "clause", "offset": [3326, 3346]}, {"key": "relating-to", "type": "definition", "offset": [3347, 3358]}, {"key": "due-diligence", "type": "definition", "offset": [3359, 3372]}, {"key": "requests-for", "type": "clause", "offset": [3419, 3431]}, {"key": "address-of-borrower", "type": "clause", "offset": [3468, 3487]}, {"key": "claims-assistance", "type": "clause", "offset": [3548, 3565]}, {"key": "record-of", "type": "clause", "offset": [3655, 3664]}, {"key": "change-to", "type": "definition", "offset": [3690, 3699]}, {"key": "confirmation-of", "type": "clause", "offset": [3703, 3718]}, {"key": "loan-file", "type": "definition", "offset": [3735, 3744]}], "hash": "100d59f8e94820ac6e9d4badfde62975", "id": 1}, {"snippet": "means a Loan offered for sale by Seller under the Sale Agreement which as of the Cutoff Date is current or no more Delinquent than permitted under the Sale Agreement in payment of principal or interest and which meets the following criteria as of the effective date of the \u2587\u2587\u2587\u2587 of Sale:\n(i) is a \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Loan, a Consolidation Loan, a PLUS Loan or SLS Loan;\n(ii) is owned by Seller and is fully disbursed;\n(iii) is guaranteed as to principal and interest by the applicable Guarantor to the maximum extent permitted by the Higher Education Act for such Loan;\n(iv) bears interest at a stated rate of not less than the maximum rate permitted under the Higher Education Act for such Loan;\n(v) is eligible for the payment of the quarterly special allowance at the full and undiminished rate established under the formula set forth in the Higher Education Act for such Loan;\n(vi) if not yet in repayment status, is eligible for the payment of interest benefits by the Secretary or, if not so eligible, is a Loan for which interest either is billed quarterly to Borrower or deferred until commencement of the repayment period, in which case such accrued interest is subject to capitalization to the full extent permitted by the applicable Guarantor;\n(vii) is supported by the following documentation:\n(a) for each Loan:\n1. loan application, and any supplement thereto,\n2. original promissory note and any addendum thereto or a certified copy thereof if more than one loan is represented by a single promissory note and all loans so represented are not being sold at the same time,\n3. evidence of guarantee,\n4. any other document and/or record which Purchaser may be required to retain pursuant to the Higher Education Act; and\n(b) for each Loan only if applicable:\n1. payment history (or similar document) including (i) an indication of the Principal Balance and the date through which interest has been paid, each as of the Cutoff Date and (ii) an accounting of the allocation of all payments by Borrower or on Borrower's behalf to principal and interest on the Loan,\n2. documentation which supports periods of current or past deferment or past forbearance,\n3. a collection history, if the Loan was ever in a delinquent status, including detailed summaries of contacts and including the addresses or telephone numbers used in contacting or attempting to contact Borrower and any endorser and, if required by the Guarantor, copies of all letters and other correspondence relating to due diligence processing,\n4. evidence of all requests for skip-tracing assistance and current address of Borrower, if located,\n5. evidence of requests for pre-claims assistance, and evidence that the Borrower's school(s) have been notified,\n6. a record of any event resulting in a change to or confirmation of any data in the Loan file.", "size": 81, "samples": [{"hash": "kX0YirmZHaH", "uri": "/contracts/kX0YirmZHaH#eligible-loan", "label": "Sale Agreement (SLM Funding Corp)", "score": 18.0, "published": true}, {"hash": "kBW1K2zDj8C", "uri": "/contracts/kBW1K2zDj8C#eligible-loan", "label": "Sale Agreement (SLM Funding Corp)", "score": 18.0, "published": true}, {"hash": "hioeSUBfG6y", "uri": "/contracts/hioeSUBfG6y#eligible-loan", "label": "Sale Agreement (SLM Funding Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "a-loan", "type": "definition", "offset": [6, 12]}, {"key": "offered-for-sale", "type": "definition", "offset": [13, 29]}, {"key": "by-seller", "type": "clause", "offset": [30, 39]}, {"key": "the-sale-agreement", "type": "clause", "offset": [46, 64]}, {"key": "cutoff-date", "type": "clause", "offset": [81, 92]}, {"key": "payment-of-principal-or-interest", "type": "clause", "offset": [169, 201]}, {"key": "the-\u2587", "type": "clause", "offset": [269, 274]}, {"key": "a-\u2587", "type": "clause", "offset": [294, 297]}, {"key": "consolidation-loan", "type": "definition", "offset": [313, 331]}, {"key": "plus-loan", "type": "definition", "offset": [335, 344]}, {"key": "sls-loan", "type": "definition", "offset": [348, 356]}, {"key": "owned-by", "type": "definition", "offset": [366, 374]}, {"key": "principal-and-interest", "type": "definition", "offset": [432, 454]}, {"key": "applicable-guarantor", "type": "definition", "offset": [462, 482]}, {"key": "higher-education-act", "type": "clause", "offset": [522, 542]}, {"key": "rate-of", "type": "clause", "offset": [590, 597]}, {"key": "maximum-rate", "type": "clause", "offset": [616, 628]}, {"key": "payment-of-the", "type": "clause", "offset": [709, 723]}, {"key": "special-allowance", "type": "clause", "offset": [734, 751]}, {"key": "payment-of-interest", "type": "clause", "offset": [926, 945]}, {"key": "the-secretary", "type": "clause", "offset": [958, 971]}, {"key": "to-borrower", "type": "definition", "offset": [1052, 1063]}, {"key": "commencement-of-the", "type": "clause", "offset": [1082, 1101]}, {"key": "repayment-period", "type": "clause", "offset": [1102, 1118]}, {"key": "accrued-interest", "type": "clause", "offset": [1139, 1155]}, {"key": "subject-to", "type": "clause", "offset": [1159, 1169]}, {"key": "each-loan", "type": "clause", "offset": [1302, 1311]}, {"key": "loan-application", "type": "clause", "offset": [1316, 1332]}, {"key": "original-promissory-note", "type": "definition", "offset": [1365, 1389]}, {"key": "certified-copy", "type": "clause", "offset": [1420, 1434]}, {"key": "one-loan", "type": "clause", "offset": [1456, 1464]}, {"key": "represented-by", "type": "definition", "offset": [1468, 1482]}, {"key": "all-loans", "type": "clause", "offset": [1512, 1521]}, {"key": "evidence-of-guarantee", "type": "clause", "offset": [1577, 1598]}, {"key": "other-document", "type": "clause", "offset": [1607, 1621]}, {"key": "pursuant-to-the", "type": "definition", "offset": [1678, 1693]}, {"key": "if-applicable", "type": "definition", "offset": [1743, 1756]}, {"key": "payment-history", "type": "definition", "offset": [1761, 1776]}, {"key": "principal-balance", "type": "definition", "offset": [1834, 1851]}, {"key": "payments-by-borrower", "type": "clause", "offset": [1978, 1998]}, {"key": "interest-on-the-loan", "type": "definition", "offset": [2040, 2060]}, {"key": "periods-of", "type": "clause", "offset": [2094, 2104]}, {"key": "delinquent-status", "type": "definition", "offset": [2203, 2220]}, {"key": "telephone-numbers", "type": "clause", "offset": [2294, 2311]}, {"key": "by-the-guarantor", "type": "clause", "offset": [2399, 2415]}, {"key": "copies-of-all", "type": "definition", "offset": [2417, 2430]}, {"key": "other-correspondence", "type": "clause", "offset": [2443, 2463]}, {"key": "relating-to", "type": "definition", "offset": [2464, 2475]}, {"key": "due-diligence", "type": "definition", "offset": [2476, 2489]}, {"key": "requests-for", "type": "clause", "offset": [2521, 2533]}, {"key": "address-of-borrower", "type": "clause", "offset": [2570, 2589]}, {"key": "claims-assistance", "type": "clause", "offset": [2635, 2652]}, {"key": "the-borrower", "type": "definition", "offset": [2672, 2684]}, {"key": "record-of", "type": "clause", "offset": [2722, 2731]}, {"key": "change-to", "type": "definition", "offset": [2757, 2766]}, {"key": "confirmation-of", "type": "clause", "offset": [2770, 2785]}, {"key": "loan-file", "type": "definition", "offset": [2802, 2811]}], "hash": "d99553aedbb195580cae392bcfcd6edf", "id": 2}, {"snippet": "means the physician\u2019s total subsidized, unsubsidized, and consolidated Federal Stafford Loan amount under the Federal Family Education Loan Program, Federal Direct Loan Program, federal Graduate PLUS Loan, or federal Perkins Loan, including principal and interest. Only the outstanding portion of a federal consolidation loan that was used to repay an eligible subsidized or unsubsidized Federal Stafford Loan qualifies for loan repayment.", "size": 61, "samples": [{"hash": "4LeS8WsjvIM", "uri": "https://www.legis.iowa.gov/docs/aco/supplement/08-12-2020.pdf", "label": "www.legis.iowa.gov", "score": 10.3045854568, "published": false}, {"hash": "lIOlf3rkp8d", "uri": "https://www.legis.iowa.gov/docs/iac/agency/06-10-2015.283.pdf", "label": "www.legis.iowa.gov", "score": 10.2178077698, "published": false}, {"hash": "brp11P2nLxS", "uri": "https://www.legis.iowa.gov/docs/iac/agency/08-15-2018.283.pdf", "label": "www.legis.iowa.gov", "score": 10.1704311371, "published": false}], "snippet_links": [{"key": "loan-amount", "type": "definition", "offset": [88, 99]}, {"key": "federal-family-education-loan-program", "type": "definition", "offset": [110, 147]}, {"key": "federal-direct-loan-program", "type": "clause", "offset": [149, 176]}, {"key": "plus-loan", "type": "definition", "offset": [195, 204]}, {"key": "principal-and-interest", "type": "definition", "offset": [241, 263]}, {"key": "federal-consolidation-loan", "type": "definition", "offset": [299, 325]}, {"key": "to-repay", "type": "clause", "offset": [340, 348]}, {"key": "an-eligible", "type": "clause", "offset": [349, 360]}, {"key": "loan-repayment", "type": "clause", "offset": [424, 438]}], "hash": "634ceeb93c6051cb2a35158e9ec9f69c", "id": 3}, {"snippet": "Each Loan (A) for which the Administrative Agent and the Collateral Custodian have received (or, in accordance with clause (b) of the definition of \u201cRequired Loan Documents\u201d, the Collateral Custodian will receive) the related Required Loan Documents; (B) that has been approved by the Administrative Agent in its sole discretion on or prior to the date of the related Transaction; and (C) that satisfies each of the following eligibility requirements (unless the Administrative Agent in its sole discretion agrees to waive any such eligibility requirement with respect to such Loan):", "size": 50, "samples": [{"hash": "92lKvd6upkM", "uri": "/contracts/92lKvd6upkM#eligible-loan", "label": "Loan and Security Agreement (NMF SLF I, Inc.)", "score": 34.3661880493, "published": true}, {"hash": "ada7zwOonoi", "uri": "/contracts/ada7zwOonoi#eligible-loan", "label": "Loan and Security Agreement (New Mountain Finance Corp)", "score": 34.3470230103, "published": true}, {"hash": "29yAPuJx77d", "uri": "/contracts/29yAPuJx77d#eligible-loan", "label": "Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.)", "score": 33.5256690979, "published": true}], "snippet_links": [{"key": "each-loan", "type": "clause", "offset": [0, 9]}, {"key": "the-administrative-agent", "type": "clause", "offset": [24, 48]}, {"key": "the-collateral-custodian", "type": "clause", "offset": [53, 77]}, {"key": "in-accordance-with", "type": "definition", "offset": [97, 115]}, {"key": "the-definition-of", "type": "definition", "offset": [130, 147]}, {"key": "required-loan-documents", "type": "definition", "offset": [149, 172]}, {"key": "approved-by", "type": "definition", "offset": [269, 280]}, {"key": "sole-discretion", "type": "clause", "offset": [313, 328]}, {"key": "prior-to-the", "type": "clause", "offset": [335, 347]}, {"key": "date-of", "type": "clause", "offset": [348, 355]}, {"key": "related-transaction", "type": "definition", "offset": [360, 379]}, {"key": "eligibility-requirements", "type": "definition", "offset": [426, 450]}, {"key": "to-waive-any", "type": "clause", "offset": [514, 526]}, {"key": "with-respect-to", "type": "clause", "offset": [556, 571]}], "hash": "5fee39c561e18b74d7d8ccdffeaa65d4", "id": 4}, {"snippet": "means a Loan which at the time of determination satisfies each of the Eligibility Criteria;", "size": 49, "samples": [{"hash": "4YwFnJ2Z1KP", "uri": "/contracts/4YwFnJ2Z1KP#eligible-loan", "label": "Master Definitions and Construction Agreement", "score": 34.406036377, "published": true}, {"hash": "1LbJBnWP9oS", "uri": "/contracts/1LbJBnWP9oS#eligible-loan", "label": "Master Definitions and Construction Agreement", "score": 32.5609207153, "published": true}, {"hash": "duigjBRvzkN", "uri": "/contracts/duigjBRvzkN#eligible-loan", "label": "Master Definitions and Construction Agreement", "score": 32.5434799194, "published": true}], "snippet_links": [{"key": "a-loan", "type": "definition", "offset": [6, 12]}, {"key": "time-of-determination", "type": "definition", "offset": [26, 47]}, {"key": "eligibility-criteria", "type": "definition", "offset": [70, 90]}], "hash": "e0ad6b2efc4ae30c28cc05f02347b974", "id": 5}, {"snippet": "shall have the meaning assigned thereto in the Pricing Side Letter.", "size": 46, "samples": [{"hash": "DFjNcQODYO", "uri": "/contracts/DFjNcQODYO#eligible-loan", "label": "Master Repurchase Agreement (Ready Capital Corp)", "score": 32.2005462646, "published": true}, {"hash": "3MTbywt9HHa", "uri": "/contracts/3MTbywt9HHa#eligible-loan", "label": "Master Repurchase Agreement (Caliber Home Loans, Inc.)", "score": 31.7652301788, "published": true}, {"hash": "6gsZZi3TJTO", "uri": "/contracts/6gsZZi3TJTO#eligible-loan", "label": "Master Repurchase Agreement (Rocket Companies, Inc.)", "score": 31.5133476257, "published": true}], "snippet_links": [{"key": "pricing-side-letter", "type": "definition", "offset": [47, 66]}], "hash": "1f9c780796b4171a83dca71b1ff61a0d", "id": 6}, {"snippet": "means the physician\u2019s total federally guaranteed Stafford loan amount under the federal family education loan program or the federal direct loan program, the recipient\u2019s federal grad plus loans, or the recipient\u2019s federal Perkins loan, including principal and interest.", "size": 45, "samples": [{"hash": "e0nTNLV5uc7", "uri": "https://www.legis.iowa.gov/docs/code/2025/256.221.pdf", "label": "www.legis.iowa.gov", "score": 16.6164073944, "published": false}, {"hash": "12Ba65XYYng", "uri": "https://www.legis.iowa.gov/docs/code/2023/261.113.pdf", "label": "www.legis.iowa.gov", "score": 14.9097070694, "published": false}, {"hash": "62H7ukQ2dei", "uri": "https://www.legis.iowa.gov/docs/code/2021/261.pdf", "label": "www.legis.iowa.gov", "score": 13.7197151184, "published": false}], "snippet_links": [{"key": "federally-guaranteed", "type": "definition", "offset": [28, 48]}, {"key": "loan-amount", "type": "definition", "offset": [58, 69]}, {"key": "federal-family-education-loan-program", "type": "definition", "offset": [80, 117]}, {"key": "federal-direct-loan-program", "type": "clause", "offset": [125, 152]}, {"key": "the-recipient", "type": "definition", "offset": [154, 167]}, {"key": "plus-loans", "type": "definition", "offset": [183, 193]}, {"key": "principal-and-interest", "type": "definition", "offset": [246, 268]}], "hash": "110c739971ff9ef2dccc8034b53ae67b", "id": 7}, {"snippet": "means each Eligible Dealer Loan and each Eligible Purchased Loan.", "size": 38, "samples": [{"hash": "jEIO2gPLDui", "uri": "/contracts/jEIO2gPLDui#eligible-loan", "label": "Sale and Servicing Agreement (Credit Acceptance Corp)", "score": 35.7515411377, "published": true}, {"hash": "a2dTkB6DKLL", "uri": "/contracts/a2dTkB6DKLL#eligible-loan", "label": "Sale and Servicing Agreement (Credit Acceptance Corp)", "score": 35.3559188843, "published": true}, {"hash": "2SJT6Tgi0YG", "uri": "/contracts/2SJT6Tgi0YG#eligible-loan", "label": "Sale and Servicing Agreement (Credit Acceptance Corp)", "score": 35.1601638794, "published": true}], "snippet_links": [{"key": "eligible-dealer-loan", "type": "definition", "offset": [11, 31]}, {"key": "eligible-purchased-loan", "type": "definition", "offset": [41, 64]}], "hash": "b1d7a2e9844eb79e13410ae2286cd7d7", "id": 8}, {"snippet": "means a Single Family Mortgage Loan that satisfies the conditions and requirements set forth in Exhibit H.", "size": 30, "samples": [{"hash": "lwSKukmLsmV", "uri": "/contracts/lwSKukmLsmV#eligible-loan", "label": "Warehousing Credit and Security Agreement (Homebanc Corp)", "score": 21.0, "published": true}, {"hash": "kkbYjJPReYb", "uri": "/contracts/kkbYjJPReYb#eligible-loan", "label": "Warehousing Credit and Security Agreement (Homebanc Corp)", "score": 21.0, "published": true}, {"hash": "jujZyXj5iou", "uri": "/contracts/jujZyXj5iou#eligible-loan", "label": "Warehousing Credit and Security Agreement (Lennar Corp /New/)", "score": 21.0, "published": true}], "snippet_links": [{"key": "single-family-mortgage-loan", "type": "definition", "offset": [8, 35]}, {"key": "conditions-and-requirements", "type": "clause", "offset": [55, 82]}], "hash": "62b311e9f1ea8f1a72c152bfb6c6999e", "id": 9}, {"snippet": "set forth in the Security Agreement. Each Contract classified as an \"Eligible Contract\" (or included in any aggregation of balances of \"Eligible Contracts\") by CAC satisfies at the time of such classification the definition of \"Eligible Contract\" set forth in the Security Agreement.", "size": 20, "samples": [{"hash": "l0506TqJafC", "uri": "/contracts/l0506TqJafC#eligible-loan", "label": "Contribution Agreement (Credit Acceptance Corporation)", "score": 18.0, "published": true}, {"hash": "jVcsz8XxGnt", "uri": "/contracts/jVcsz8XxGnt#eligible-loan", "label": "Contribution Agreement (Credit Acceptance Corporation)", "score": 18.0, "published": true}, {"hash": "iiDCDXHLzv9", "uri": "/contracts/iiDCDXHLzv9#eligible-loan", "label": "Contribution Agreement (Credit Acceptance Corporation)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-security-agreement", "type": "clause", "offset": [13, 35]}, {"key": "eligible-contracts", "type": "clause", "offset": [136, 154]}, {"key": "at-the-time", "type": "clause", "offset": [174, 185]}, {"key": "the-definition-of", "type": "definition", "offset": [209, 226]}], "hash": "16094eb1687f71e89e40eeb647e2534d", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIWZWxpZ2libGUtbG9hbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"snippet": "means a Loan offered for sale or substituted by SLM ECFC under a Purchase Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Purchase Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related \u2587\u2587\u2587\u2587 of Sale, in the case of any Additional Loan or Substituted Loan:\n(i) is a Consolidation Loan;\n(ii) is owned by SLM ECFC and is fully disbursed;\n(iii) is guaranteed as to principal and interest by the applicable Guarantor to the maximum extent permitted by the Higher Education Act for such Loan;\n(iv) bears interest at a stated rate of not less than the maximum rate permitted under the Higher Education Act for such Loan;\n(v) is eligible for the payment of the quarterly special allowance at the full and undiminished rate established under the formula set forth in the Higher Education Act for such Loan;\n(vi) if not yet in repayment status, is eligible for the payment of interest benefits by the Secretary or, if not so eligible, is a Loan for which interest either is billed quarterly to Borrower or deferred until commencement of the repayment period, in which case such accrued interest is subject to capitalization to the full extent permitted by the applicable Guarantor;\n(vii) is current or no payment of principal or interest shall be more than 210 days past due as of the Statistical Cutoff Date, in the case of the Initial Loans, or in relation to any Additional Loan or Substituted Loan, the related Subsequent Cutoff Date;\n(viii) the last disbursement was before the Statistical Cutoff Date, in the case of the Initial Loans, or before the Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan;\n(ix) is supported by the following documentation:\n1. loan application, and any supplement thereto,\n2. original promissory note and any addendum thereto (or a certified copy thereof if more than one loan is represented by a single promissory note and all loans so represented are not being sold) or the electronic records evidencing the same,\n3. evidence of guarantee,\n4. any other document and/or record which Funding may be required to retain pursuant to the Higher Education Act,\n5. if applicable, payment history (or similar document) including (i) an indication of the Principal Balance and the date through which interest has been paid, each as of the Statistical Cutoff Date, in the case of the Initial Loans, or the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, and (ii) an accounting of the allocation of all payments by the Borrower or on the Borrower\u2019s behalf to principal and interest on the Loan,\n6. if applicable, documentation which supports periods of current or past deferment or past forbearance,\n7. if applicable, a collection history, if the Loan was ever in a delinquent status, including detailed summaries of contacts and including the addresses or telephone numbers used in contacting or attempting to contact Borrower and any endorser and, if required by the Guarantor, copies of all letters and other correspondence relating to due diligence processing,\n8. if applicable, evidence of all requests for skip-tracing assistance and current address of Borrower, if located,\n9. if applicable, evidence of requests for pre-claims assistance, and evidence that the Borrower\u2019s school(s) have been notified, and\n10. if applicable, a record of any event resulting in a change to or confirmation of any data in the Loan file.", "title": "Eligible Loan", "size": 1776, "id": "eligible-loan", "examples": ["Each of the Lenders and the Administrative Agent hereby agrees by its execution hereof to waive the Specified Non-Compliance with respect to the Subject Loans and, as long as each Subject Loan satisfies each other eligibility criterion set forth in the definition of \u201c<strong>Eligible Loan</strong>,\u201d such Subject Loan shall qualify as an <strong>Eligible Loan</strong>.", "Pursuant to clause (xviii) of the defined term \u201c<strong>Eligible Loan</strong>\u201d in Section 1.1 of the Credit Agreement, to qualify as an <strong>Eligible Loan</strong>, a Loan that is not a Broadly Syndicated Loan shall not have an original term to maturity of greater than sixty (60) months (the \u201cOriginal Term Criterion\u201d) unless waived by the Required Lenders in their sole discretion."], "related": [["eligible-loans", "Eligible Loans", "<strong>Eligible Loans</strong>"], ["eligible-loan-asset", "Eligible Loan Asset", "<strong>Eligible Loan</strong> Asset"], ["ineligible-loan", "Ineligible Loan", "Ineligible Loan"], ["eligible-mortgage-loan", "Eligible Mortgage Loan", "Eligible Mortgage Loan"], ["mers-eligible-mortgage-loan", "MERS Eligible Mortgage Loan", "MERS Eligible Mortgage Loan"]], "related_snippets": [], "updated": "2026-06-15T06:02:09+00:00"}, "json": true, "cursor": ""}}