Guarantee Agency definition

Guarantee Agency means a state agency or a private nonprofit institution or organization which administers a Guarantee Program within a State or any successors and assignees thereof administering the Guarantee Program which has entered into a Guarantee Agreement with the Trustee on behalf of the Purchaser.

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Guarantee Agency means ▇▇▇▇.

Guarantee Agency means any state agency or private nonprofit institution or organization which has Federal Contracts in place and has entered into a Guarantee Agreement with the Eligible Lender Trustee, and any such guarantor’s successors and assigns.

Examples of Guarantee Agency in a sentence

• For purposes of this Article VIII, the phrase “payments by or on behalf of Obligors” shall mean payments made with respect to the Student Loans, as applicable, by or on behalf of borrowers thereof and the Guarantee Agency.

• For each Eligible Loan Seller has reported or shall report the amount of the insurance premium authorized to be collected, and has paid or shall pay said premium to the Guarantee Agency or the Secretary with all rights therein inuring to Purchaser; and in the event a Student Borrower withdraws within the period specified as qualifying for a cancellation refund by the Guarantee Agency, Seller agrees to pay the amount of the premium to be refunded to Purchaser.

• All amounts due and payable to the Secretary or the Guarantee Agency, as the case may be, have been or will be paid in full by Seller at the time Eligible Loans are sold to Purchaser, and none of the Eligible Loans to be sold to Purchaser has at any time been tendered to either the Secretary or the Guarantee Agency for payment.

• All amounts due and payable to the Secretary or the Guarantee Agency, as the case may be, have been or will be paid in full by Seller at the time such Student Loan is sold to Purchaser, and such Student Loan has not at any time been tendered to either the Secretary or the Guarantee Agency for payment.

• Seller will not, with respect to any Eligible Loan subject to this Agreement, agree to release the Guarantee Agency or the Secretary from any of its contractual obligations to Guarantee or Insure such loan, or agree to otherwise alter, amend or renegotiate any terms or conditions under which such Eligible Loan is Guaranteed or Insured, without the express prior written consent of Purchaser and the Eligible Lender Trustee.

More Definitions of Guarantee Agency

Guarantee Agency means any state agency or private nonprofit institution or organization which has Federal Reimbursement Contracts in place and has entered into a Guarantee Agreement with the Eligible Lender Trustee, and any such guarantor’s successors and assigns.

Guarantee Agency means a guarantor of student loans that has an agreement with the United States secretary of education; and

Guarantee Agency means any entity authorized to guaranty student loans under the Higher Education Act and with which the Depositor Eligible Lender Trustee or the Trust Eligible Lender Trustee maintains a Guarantee Agreement.

Guarantee Agency means any state agency or private nonprofit institution or organization which has Federal Reimbursement Contracts in place and has entered into a FFELP Guarantee Agreement with the Eligible Lender Trustee or Access Group.

Guarantee Agency means TERI.

Guarantee Agency means a state agency or private nonprofit corporation which guarantees certain payments of principal of and interest on Student Loans pursuant to a guarantee agreement.

Guarantee Agency set forth in Section 1 of the Nebhelp Purchase Agreement shall be amended in its entirety to read as follows: "Guarantee Agency" means: (i) National Student Loan Program, Inc. (NSLP); (ii) USA Funds (USAF); (iii) Tennessee Student Assistance Corporation (TSAC); (iv) California Student Aid Commission (CSAC); (v) Great Lakes Higher Education Guaranty Corporation (GLHEGC); (vi) Pennsylvania Higher Education Assistance Authority (PHEAA); (vii) with respect to FFELP Loans transferred from the Seller to the Purchaser on or before April 19, 2004, the Colorado Student Loan Program (CSLP); and (viii) any other Guaranty Agency with which both Purchaser and Bank of America, N.A. have entered into Guarantee Agreements or which are approved by Purchaser and Bank of America, N.A., from time to time, each of which administers a Guarantee Program within a State or any successors and assigns thereof administering the Guarantee Program, and each of which has entered into a Guarantee Agreement with the Trustee on behalf of the Seller."