Initial Loans definition

Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

Initial Loans means those Loans conveyed to the Issuer on the Closing Date and identified on the initial List of Loans required to be delivered pursuant to Section 2.02(d).

Initial Loans has the meaning assigned to such term in Section 2.19.

Examples of Initial Loans in a sentence

• All references in the Master Terms to Loans, Eligible Loans, Initial Loans or Purchased Loans, as applicable, shall be deemed to refer to the Loans governed by this Initial Purchase Agreement.

• The Initial Payment for the Initial Loans shall be specified in a certificate to be delivered on and dated the Closing Date.

• The Seller and the Interim Eligible Lender Trustee authorize the Eligible Lender Trustee on behalf of the Purchaser to use a copy of this document (in lieu of OE Form 1074) as official notification to the Guarantor(s) of assignment to the Eligible Lender Trustee on behalf of the Purchaser of the Initial Loans on the Closing Date.

• These Master Terms establish the terms under which SLM ECFC may sell and Funding (and with respect to legal title, the Interim Eligible Lender Trustee on behalf of Funding) may purchase the Loans (and all obligations of the Borrowers thereunder) specified in the Initial Purchase Agreement with respect to the Initial Loans or each Additional Purchase Agreement with respect to any Additional Loans or Substituted Loans, as the parties may execute from time to time pursuant to these Master Terms.

• SLM ECFC authorizes the Interim Eligible Lender Trustee on behalf of Funding to use a copy of this document (in lieu of OE Form 1074) as official notification to the Guarantor(s) of assignment to the Interim Eligible Lender Trustee for the benefit of Funding of the related Initial Loans on the Closing Date.

More Definitions of Initial Loans

Initial Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01.

Initial Loans shall have the meaning provided in Section 2.1(a).

Initial Loans has the meaning set forth in Section 2.22(b).

Initial Loans means the Revolving Credit Loans made to the Borrowers on the Effective Date pursuant to the Initial Notice of Borrowing.

Initial Loans has the meaning assigned to such term in Section 2.09(d)(iv).

Initial Loans means the initial Loans made under this Agreement.

Initial Loans has the meaning set forth in Section 2.05(b).