Serial Loans definition

Serial Loans means additional student loans, including Consolidation Loans, which are made under the Programs to a borrower who is also a borrower under at least one Financed Student Loan.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Serial Loans means, for any Owner, the series of loans, each of which will correspond in maturity date and interest rate with the Serial Mortgage Notes of a specific maturity date, to and including the first optional termination date for the related Initial Charter, made by California Petroleum to such Owner under the related Serial Loan Agreement.

Serial Loans means additional student loans, including Consolidation Loans, which are made under the Programs to a borrower who is also a borrower under at least one Initial Financed Student Loan or Subsequent Pool Student Loan.

Examples of Serial Loans in a sentence

• New Loans and Serial Loans to the Eligible Lender Trustee on Behalf of the Trust.

• The parties intend that the conveyance of the Seller's (and, with respect to legal title to the loans, [______________]) right, title and interest in and to the Initial Financed Student Loans pursuant to this Agreement and any Prefunded Loans, New Loans and Serial Loans pursuant to a related Transfer Agreement shall constitute a valid purchase and sale and not a loan.

• The information set forth in Schedule A to this Agreement is true and correct in all material respects as of the opening of business on the Cutoff Date with respect to the Initial Financial Student Loans and the Subsequent Cutoff Date, with respect to the Prefunded Loans and Serial Loans.

• The parties intend that the conveyance of the Seller's (and, with respect to legal title to the loans, NBD's) right, title and interest in and to the Initial Financed Student Loans pursuant to this Agreement and any New Loans and Serial Loans pursuant to a related Transfer Agreement shall constitute a valid purchase and sale and not a loan.

• Agreement The parties intend that the conveyance of the Seller's (and, with respect to legal title to the loans, NBD's) right, title and interest in and to the Initial Financed Student Loans pursuant to this Agreement and any Delayed Delivery Loans, New Loans and Serial Loans pursuant to a related Transfer Agreement shall constitute a valid purchase and sale and not a loan.

• Agreement The parties intend that the conveyance of the Seller's (and, with respect to legal title to the loans, Bank One's) right, title and interest in and to the Initial Financed Student Loans pursuant to this Agreement and any Prefunded Loans, New Loans and Serial Loans pursuant to a related Transfer Agreement shall constitute a valid purchase and sale and not a loan.

• In return for such continuing obligation to sell, ECFC agrees to continue to purchase Participation Interests in, and to pay the School the Purchase Price Payment Amounts set forth in this Agreement with respect to, Serial Loans made after the Commitment Period ends.

• CFSR I agrees to sell any and all subsequent Student Loans made to the same Borrower ("Serial Loans") after an initial sale of the Borrower's Note(s), and MOHELA further agrees to purchase any and all such Serial Loans prior to the newly determined graduation date or upon notification from CFSR I, provided the Serial Note meets all eligibility requirements as of the Sale Date.

• Each of the Seller and the Depositor hereby appoints each of the Eligible Lender Trustee and the Indenture Trustee as its (and Bank One's) true and lawful attorney-in-fact with full power of substitution to endorse the Seller's and the Depositor's name, as applicable, on any promissory note evidencing the Initial Financed Student Loans and any Prefunded Loans or Serial Loans transferred to the Eligible Lender Trustee on behalf of the Trust pursuant to Sections 2.01 and 2.

• Each of the Seller and the Depositor hereby appoints each of the Eligible Lender Trustee and the Indenture Trustee as the its true and lawful attorney-in-fact with full power of substitution to endorse the Seller's and the Depositor's name, as applicable, on any promissory note evidencing the Initial Financed Student Loans and any Prefunded Loans or Serial Loans transferred to the Eligible Lender Trustee on behalf of the Trust pursuant to Sections 2.01 and 2.

More Definitions of Serial Loans

Serial Loans. [ ] loans with aggregate principal balances of [ ] (portion represented by Purchase Premium Amounts ) were purchased during the related ------- Collection Period.

Serial Loans after an initial sale of the Borrower's Note(s), and MOHELA further agrees to purchase any and all such Serial Loans prior to the newly determined graduation date or upon notification from CFSR I, provided the Serial Note meets all eligibility requirements as of the Sale Date.

Serial Loans means additional student loans, including Consolidation Loans, which are made under the Programs to a borrower who is also a borrower under at least one Financed Student Loan. Appendix A-43

Serial Loans loans with aggregate principal balances of _______ were purchased ------- during the related Collection Period; withdrawal from Prefunding Account to fund the acquisition of Serial Loans during the related Collection Period: _____