Purchased Student Loan definition
Purchased Student Loan means a Financed Student Loan purchased as of the close of business on the last day of a Monthly Collection Period or Collection Period, as applicable, by the Servicer pursuant to Section 3.05 of the Servicing Agreement or repurchased by the Seller pursuant to Section 3.02 of the Loan Sale Agreement.
Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last day of a Collection Period, purchased by the Servicer pursuant to Section 3.5A or 3.5H of the Servicing Agreement or repurchased by the Depositor pursuant to Section 6 of the Sale Agreement, purchased by the Servicer pursuant to Section 6.1 of the Administration Agreement, repurchased by SLM ECFC pursuant to Section 6 of the SLM ECFC Purchase Agreement, repurchased by Bluemont Funding pursuant to Section 6 of the Bluemont Funding Purchase Agreement, repurchased by Town Center Funding pursuant to Section 6 of the Town Center Funding Purchase Agreement, repurchased by Town Hall Funding pursuant to Section 6 of the Town Hall Funding Purchase Agreement, repurchased by VL Funding pursuant to Section 6 of the VL Funding Purchase Agreement or sold to another eligible lender holding one or more Serial Loans with respect to such Trust Student Loan pursuant to Section 3.11E of the Servicing Agreement.
Purchased Student Loan means a Financed Student Loan purchased by a Servicer or repurchased by a Seller from the Issuer.
Examples of Purchased Student Loan in a sentence
Seller further represents and warrants to the Buyer that the Computer Tape with respect to each Purchased Student Loan is complete, true and correct as of the last calendar day of each month.
The books and records (including, without limitation, any computer records or tapes) of Seller and the Eligible Lender Trustee pertaining to the Purchased Student Loans shall be marked appropriately to reflect clearly the sale of the related Purchased Student Loan to Buyer.
Accordingly, Buyer may elect, in its sole discretion, the time and manner of liquidating any Purchased Student Loan and nothing contained herein shall (A) obligate Buyer to liquidate any Purchased Student Loan on the occurrence of an Event of Default or to liquidate all Purchased Student Loans in the same manner or on the same Business Day or (B) constitute a waiver of any right or remedy of Buyer.
More Definitions of Purchased Student Loan
Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last day of a Collection Period, purchased by the Master Servicer pursuant to Section 3.5 of the Master Servicing Agreement or reacquired by the Depositor pursuant to Section 6 of the Contribution Agreement, repurchased by WEF or Wachovia Bank pursuant to Section 6 of the related Purchase Agreement or transferred to another eligible lender holding one or more Serial Loans with respect to such Trust Student Loan pursuant to Section 3.11E of the Master Servicing Agreement.
Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last day of a Collection Period, purchased by the Servicer pursuant to Section 3.5 of the Servicing Agreement or repurchased by the Depositor pursuant to Section 6 of the Sale Agreement, repurchased by SLM ECFC pursuant to Section 6 of the SLM ECFC Purchase Agreement, repurchased by VG Funding pursuant to Section 6 of the VG Funding Purchase Agreement or sold to another eligible lender holding one or more Serial Loans with respect to such Trust Student Loan pursuant to Section 3.11E of the Servicing Agreement.
Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last day of a Collection Period, purchased by the Servicer pursuant to Section 3.5 of the Servicing Agreement or repurchased by the Depositor pursuant to Section 6 of the Sale Agreement, repurchased by SLC pursuant to Section 6 of the Purchase Agreement or sold to another eligible lender holding one or more Serial Loans with respect to such Trust Student Loan pursuant to Section 3.12E or Section 3.12F of the Servicing Agreement.
Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last day of a Collection Period, purchased by the Servicer pursuant to Section 3.5A or 3.5H of the Servicing Agreement or repurchased by the Depositor pursuant to Section 6 of the Sale Agreement, purchased by the Servicer pursuant to Section 6.1 of the Administration Agreement, repurchased by SLM ECFC pursuant to Section 6 of the SLM ECFC Purchase Agreement, repurchased by Bluemont Funding pursuant to Section 6 of the Bluemont Funding Purchase Agreement, repurchased by Town Center Funding pursuant to Section 6 of the Town Center Funding Purchase Agreement, repurchased by Town Hall Funding pursuant to Section 6 of the Town Hall Funding Purchase Agreement or sold to another eligible lender holding one or more Serial Loans with respect to such Trust Student Loan pursuant to Section 3.11E of the Servicing Agreement.
Purchased Student Loan means a Financed Student Loan purchased pursuant to Section 4.5 of the Transfer and Servicing Agreement or repurchased pursuant to Section 3.2 of the Transfer and Servicing Agreement or Supplemental Transfer and Servicing Agreement.
Purchased Student Loan means a Financed Student Loan purchased as of the close of business on the last day of a Collection Period by a Servicer pursuant to Section 4.06 of the Sale and Servicing Agreement or repurchased by the Seller pursuant to Section 3.02 of the Sale and Servicing Agreement.
Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last day of a Collection Period, purchased by the Servicer pursuant to Section 3.5 of the Servicing Agreement, repurchased by the Depositor pursuant to Section 6 of the Sale Agreement, purchased by ▇▇▇▇▇▇ ▇▇▇ pursuant to Section 6 of the Purchase Agreement.