Guaranteed Student Loans definition

Guaranteed Student Loans means student loans originated under Title IV of the Higher Education Act, no less than 95% of the loan principal and interest of which are guaranteed and explicitly reinsured by the United States Department of Education.
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Guaranteed Student Loans means student loans originated under Title IV of the U.S. Higher Education Act of 1965, no less than 95% of the loan principal and interest of which are guaranteed and explicitly reinsured by the United States Department of Education. “Private Student Loans” means student loans other than Guaranteed Student Loans. “Qualifying [*]-Rated RO” means an RO that (i) is rated at least [*] by each of S&P and Moody’s (where any RO rated [*] by each of S&P and Moody’s but also rated by Fitch and rated lower than [*] by Fitch shall be deemed for purposes of this definition to be rated lower than [*] by S&P and Moody’s) and (ii) is either (A) not subordinated to any other class or tranche of securities issued by the relevant Reference Entity or (B) subordinated only to a class or tranche of securities issued by the relevant Reference Entity the entire principal amount of which is included as an RO in the Combined Portfolio. “Specified Rail RO” Any RO secured by railcar leases. “Tax Opinion” means (i) a legal opinion of nationally recognized tax counsel that concludes that (a) the RO will be treated as indebtedness for U.S. federal income tax purposes and (b) the issuer of the RO will not be treated as engaged in a trade or business in the United States or otherwise subject to U.S. federal tax , or (ii) in the case of any of the Series 2011-1 Secured Railcar Equipment Notes to be issued by CIT Railcar Funding Company, LLC (to the extent the legal terms and financial information of such obligation have not changed materially from the proposed terms and financial information as of the date of this Confirmation), a legal opinion of nationally recognized tax counsel addressed to GSI or an affiliate thereof and satisfactory to GSI in its good faith discretion that concludes that the RO will be treated as indebtedness for U.S. federal income tax purposes, or (iii) in the case of any other Specified Rail RO, (a) a legal opinion of nationally recognized tax counsel addressed to GSI or an affiliate thereof and satisfactory to GSI in its good faith discretion that concludes that the RO will be treated as indebtedness for U.S. federal income tax purposes, and (b) a review by GSI of the legal terms of the RO, the financial information of the issuer and other diligence related to the ROs (as GSI deems necessary) sufficient to satisfy GSI, in its good faith discretion, that the ROs are properly treated as debt for U.S. federal income tax purposes. “True Sale and Nonconsolidation Opi...
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Examples of Guaranteed Student Loans in a sentence

  • None of the provisions of this Indenture (including Sections 8.01 and 8.02 hereof) shall permit an amendment to the provisions of the Indenture which permits the transfer of all or part of Guaranteed Student Loans or granting of a security interest therein to any Person other than an Eligible Lender or the Servicer, unless the Act or Regulations are hereafter modified so as to permit the same.

  • MOHELA will provide its guarantee processing and disbursement service for a fee of [****] dollars and [****] cents ($[****]) per Disbursement, to a maximum of [****] dollars ($[****]) for Guaranteed Student Loans requiring two or more Disbursements within an Academic Year, provided that CFO agrees to implement an ACH (Automated Clearinghouse) process with MOHELA.

  • If Resident is a recipient of financial aid, including Guaranteed Student Loans, cost of any contracted summer session plus any past due amounts will be deducted from the available financial aid funds and credited to Resident’s housing bill at the beginning of each semester.

  • If Resident is a recipient of financial aid, including Guaranteed Student Loans, up to one semester’s housing payments plus any past due amounts will be deducted from the available financial aid funds and credited to Resident’s housing bill at the beginning of each semester.

  • The Registered Owners of the Notes shall not in any circumstances be deemed to be the owner or holder of the Guaranteed Student Loans.

  • No extension of time of payment of any of the Notes shall operate to release or discharge the Issuer, it being agreed that the liability of the Issuer, to the extent permitted by law, shall continue until all of the Notes are paid in full, notwithstanding any transfer of Guaranteed Student Loans or extension of time for payment.

  • MOHELA will provide its guarantee processing and disbursement service for a fee of [****] per Disbursement, to a maximum of [****] for Guaranteed Student Loans requiring two or more Disbursements within an Academic Year, provided that CFO agrees to implement an ACH (Automated Clearinghouse) process with MOHELA.