Student Loan Collateral definition

Student Loan Collateral means securities backed by (i) FFELP Loans or (ii) private student loans.
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Student Loan Collateral. The Student Loans securing the Bonds.
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Examples of Student Loan Collateral in a sentence

  • The Issuer shall pay or cause to be paid any taxes levied on the account of the beneficial ownership by the Issuer or an Affiliate of the Issuer of the Student Loan Collateral that secures the Bonds.

  • To effect the Grant of the Student Loans constituting a portion of the Trust Estate, the Issuer has delivered and released to the Servicer pursuant to the Custodial Agreement, as agent for Trustee, the original Loan Documents as required by the Custodial Agreement for each Student Loan comprising the Student Loan Collateral.

  • The Trustee shall promptly deposit in the Collateral Proceeds Account all Servicer Remittances received by it with respect to the Student Loan Collateral, including any liquidation proceeds related to Defaulted Student Loans and late payment charges, if any.

  • The Trustee shall cause the Servicer to directly deposit in the Collateral Proceeds Account all Servicer Remittances with respect to the Student Loan Collateral, including any liquidation proceeds related to Defaulted Student Loans.