Loan Transfer Document definition
Examples of Loan Transfer Document in a sentence
By its execution of this Loan Transfer Document, the Seller (and, with respect to legal title, Seller ELT on behalf of the Seller) hereby endorses in blank, unrestricted form and without recourse, except as provided for in the Loan Purchase Agreement, all promissory notes and related documents purchased by the Purchaser (and, with respect to legal title, by Purchaser ELT on behalf of the Purchaser) pursuant to the Loan Purchase Agreement and this Loan Transfer Document.
All capitalized terms in this Loan Transfer Document shall have the same meanings given to them in (or by reference in) the Loan Purchase Agreement, unless otherwise specifically stated herein.
All of the Eligible Loans that are sold pursuant to Section 2.1 hereof are currently serviced (or will be serviced on the Scheduled Sale Date) by the Servicer(s) identified in the Loan Transfer Document.
This Loan Transfer Document sets forth the terms of purchase and sale solely with respect to the Portfolio.
Seller will consent to no amendments to, or modifications of, the Contract of Insurance or Guarantee Agreement that may affect Eligible Loans which are sold or listed on a Loan Transfer Document for sale pursuant to this Agreement without (i) the prior written consent of Purchaser, which consent shall not be unreasonably withheld and (ii) Rating Agency Confirmation.
Prior or subsequent purchases and sales of Student Loans shall each be governed by a separate Loan Transfer Document.
This Loan Transfer Document shall have no effect upon any other sale or purchase of any Student Loans consummated or contemplated prior to or after the date hereof, and all other terms, conditions and agreements contained in the Loan Purchase Agreement shall remain in full force and effect.
To consummate the sale and purchase of a Portfolio of Eligible Loans, on or before the applicable Scheduled Sale Date, Seller shall deliver via facsimile or other electronic communication to Purchaser ELT a Loan Transfer Document.
To consummate the sale and purchase of a Portfolio of Eligible Loans, on or before the applicable Scheduled Sale Date, Seller shall deliver via facsimile to Purchaser ELT a Loan Transfer Document.
This Loan Transfer Document shall have no effect upon any other sale or purchase of any Eligible Loans consummated or contemplated prior to or after the date hereof, and all other terms, conditions and agreements contained in the Loan Purchase Agreement shall remain in full force and effect.