Group I Student Loans definition

Group I Student Loans means any student loans listed on the Schedule of Group I Student Loans on the Closing Date as set forth in Schedule A-1 to the Sale and Servicing Agreement (which Schedule may be in the form of microfiche or computer tape or another acceptable format), which student loans the Depositor shall transfer to the Eligible Lender Trustee on behalf of the Issuer pursuant to Section 2.01 and Section 2.03 of the Sale and Servicing Agreement on the Closing Date, plus any Substituted Student Loans that are federal student loans that are permissibly substituted pursuant to Sections 3.02 or 4.06 of the Sale and Servicing Agreement.
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Group I Student Loans means any graduate or undergraduate student loans listed on Schedules ▇-▇, ▇-▇-▇ and B-1-B of the Sale and Servicing Agreement (as such Schedules may be amended from time to time in accordance with the terms of the Sale and Servicing Agreement) that are outstanding on the Put Option Exercise Date.
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Group I Student Loans means any graduate or undergraduate student loans listed on the Schedule of Group I Student Loans on the Closing Date as set forth in Schedule A-1 to the Sale and Servicing Agreement (which Schedule may be in the form of microfiche or computer tape), which student loans the Depositor shall transfer to the Eligible Lender Trustee on behalf of the Issuer pursuant to the Sale and Servicing Agreement on the Closing Date, and any Additional Student Loans added to the pool of Group I Student Loans. Such Additional Student Loans are to be listed on Schedules B-1-A and B-1-B to the Sale and Servicing Agreement.
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Examples of Group I Student Loans in a sentence

  • The Group I Notes will be entitled to receive payments of interest and principal primarily from the cashflow on the Group I Student Loans.

  • In such event, the Eligible Lender Trustee may claim and collect Interest Subsidy Payments and Special Allowance Payments with respect to Group I Student Loans in the Trust and student loans in such other trusts using such common lender identification number.

  • The aggregate principal balance of the Additional Student Loans listed on Schedule A attached hereto and conveyed to the Eligible Lender Trustee on behalf of the Issuer pursuant to this Agreement as of their respective Subsequent Cutoff Dates is $___________ with respect to Group I Student Loans and $________ with respect to Group II Student Loans.

  • Notwithstanding the foregoing, in the event of the occurrence and continuance of a Master Servicer Default with respect to one group of Financed Student Loans and not the other group, (a) the requisite Group I Controlling Parties may only replace the Master Servicer with respect to the Group I Student Loans, and (b) the requisite Group II Controlling Parties may only replace the Master Servicer with respect to the Group II Student Loans.

  • The aggregate principal balance of the KBUSA Additional Student Loans listed on Schedule A attached hereto and conveyed to the Depositor Eligible Lender Trustee on behalf of the Purchaser pursuant to this Agreement as of their respective Subsequent Cutoff Dates is $___________ with respect to KBUSA Group I Student Loans and $________ with respect to KBUSA Group II Student Loans.

  • In addition, the Master Servicer may, in the event that a Sub-Servicer has been terminated or is no longer servicing the Financed Student Loans, perform the servicing functions required hereunder for up to 180 days, or a longer period of time if the Rating Agency Condition is met (with respect to the Group I Student Loans) or if consented to by the Securities Insurer (with respect to the Group II Student Loans only).

  • Schedule of KBUSA Other Student Loans that are KBUSA Group I Student Loans, including each related Subsequent Cut-off Date and the location of the related Student Loan File.

  • Collections with respect to the Group I Student Loans will be deposited into the Group I Collection Account for the benefit of the Group I Noteholders, and collections with respect to the Group II Student Loans will be deposited into the Group II Collection Account for the benefit of the Group II Noteholders.

  • The aggregate principal balance of the Group I Student Loans, plus accrued interest to be capitalized with respect thereto, as of the Cutoff Date, is $230,019,650 and the aggregate principal balance of the Group II Student Loans, plus accrued interest to be capitalized with respect thereto, as of the Cutoff Date, is $792,818,839.

  • The Calculation Agent shall no earlier than three months nor later than 15 Business Days prior to the Put Option Exercise Date, solicit at least three bids for the Group I Student Loans from dealers (which may not include KeyBank National Association, Key Bank USA, National Association, or any of their affiliates) then active in the market for whole loan purchases of student loans.


More Definitions of Group I Student Loans

Group I Student Loans means any graduate or undergraduate student loans listed on the Schedule of Group I Student Loans on the Closing Date as set forth in Schedule A-1 to the Sale and Servicing Agreement (which Schedule may be in the form of microfiche or computer tape), which student loans the Depositor shall transfer to the Eligible Lender Trustee on behalf of the Issuer pursuant to the Sale and Servicing Agreement on the Closing Date, and any Additional Student Loans added to the pool of Group I Student Loans. Such Additional Student Loans are to be listed on Schedules B 1 A and B 1 B to the Sale and Servicing Agreement.
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