MPN Loan definition

MPN Loan means a FFELP Loan evidenced by a Master Note.
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MPN Loan means a loan originated pursuant to the Federal Family Education Loan Program and the Higher Education Act and evidenced by a Master Note.
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MPN Loan means a FFELP Loan evi▇▇▇▇▇▇ ▇y a Master Note.
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Examples of MPN Loan in a sentence

  • The Seller hereby covenants that the Seller shall not attempt to transfer to any other person any interest in any MPN Loan assigned hereunder.

  • The MPN Holder shall make no subsequent advances to a borrower under the related Master Note except pursuant to a separate MPN Loan.

  • The MPN Holder shall maintain book-entry records with respect to the identity of present and future MPN Loan Holders.

  • The MPN Holder shall not transfer or register the transfer of any MPN Loan to any other person except in accordance with the instructions of the person identified on its books and records as the MPN Loan Holder.

  • The MPN Holder shall not provide to MPN Loan Holders more than one copy of the Master Note for each MPN Loan, to be marked “Official Copy” in red ink.

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  • The MPN Holder shall hold bare legal title to the Master Note solely for the benefit of all MPN Loan Holders; provided, however, that the MPN Holder may be also be an MPN Loan Holder.

  • The MPN Holder shall not provide to any person other than an MPN Loan Holder any copy of a Master Note except to the Master Servicer or a Sub-Servicer for administrative purposes or for the MPN Holder’s internal administrative purposes.

  • The MPN Holder shall not agree to any modification, waiver, forbearance or amendment of any term of any Transferred MPN Loan other than as provided in Section 4.01 of this Agreement.

  • The MPN Holder shall hold, or cause the Master Servicer or a Sub-Servicer to hold, the Master Note underlying each Transferred MPN Loan for the use and benefit of all present and future MPN Loan Holders.


More Definitions of MPN Loan

MPN Loan means a FFELP Loan evidenced by a Master Note. “Nelnet, Inc.” means Nelnet, Inc., a corporation organized and existing under the laws of the State of Nebraska.
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MPN Loan means any single loan made pursuant to a Master Promissory Note. “Note Counsel” shall mean counsel of nationally recognized standing in the field of
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Related to MPN Loan

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • ▇▇▇▇▇▇▇▇ Loan means a Subsidized ▇▇▇▇▇▇▇▇ Loan or an Unsubsidized ▇▇▇▇▇▇▇▇ Loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • CD Loan means a Committed Loan to be made by a Bank as a CD Loan in accordance with the applicable Notice of Committed Borrowing.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.