Student Loan Note definition

Student Loan Note means the promissory note or notes of the Borrower and any amendment thereto evidencing the Borrower’s obligation with regard to a student loan guaranteed under the Higher Education Act or electronic records evidencing the same.
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Student Loan Note. The promissory note or other evidence of indebtedness of a Promisor with respect to a Student Loan.
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Student Loan Note means a promissory note evidencing the related Student Loan. Schedule 2 Contributed Student Loans
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Examples of Student Loan Note in a sentence

  • Nevertheless, the Trustee shall retain possession of the original Student Loan Note with respect to each Alternative Loan and may elect to retain such other original documentation as it may, upon the advice of Counsel, consider necessary or advisable to protect its first security interest in the Financed Student Loans.

  • Notwithstanding the foregoing, the Seller agrees to individually endorse each Student Loan Note in the form provided by the Purchaser as the Purchaser may from time to time reasonably require or if such individual endorsement is required by the Guarantor of the Loan.

  • Notwithstanding the foregoing, Wachovia Bank agrees to individually endorse each Student Loan Note in the form provided by the Depositor as the Depositor may from time to time reasonably require or if such individual endorsement is required by the Guarantor of the Student Loan Note.

  • Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of and on behalf of the Transferor agrees to individually endorse each Student Loan Note in the form provided by the Transferee as the Transferee may from time to time reasonably require or if such individual endorsement is required by the Guarantor of the Loan.

  • Notwithstanding the foregoing, the Interim Eligible Lender Trustee for the benefit of the Depositor agrees to individually endorse each Student Loan Note in the form provided by the Trust as the Trust may from time to time reasonably require or if such individual endorsement is required by the Guarantor of the Student Loan Note.

  • Notwithstanding the foregoing, WEF agrees to individually endorse each Student Loan Note in the form provided by the Depositor as the Depositor may from time to time reasonably require or if such individual endorsement is required by the Guarantor of the Student Loan Note.

  • Each Financed Student Loan, including the related Student Loan Note, is owned by the Issuer or by the Eligible Lender Trustee, on behalf of the Issuer, free and clear of any Lien other than the Lien created hereby.

  • Each Pledged Student Loan, including the related Student Loan Note, is owned by Issuer or by the Eligible Lender Trustee, on behalf of Issuer, free and clear of any adverse claim, judgment or Lien other than the Lien created pursuant to this Agreement.

  • The Master Servicer shall ensure that each Student Loan Note that is not a master promissory note and that is not in the possession of a Third Party Servicer is marked with the legend set forth in Section 7.01(q).

  • This Agreement (i) may be terminated as to any Student Loan Note or Student Loan Notes by the Trustee or the Issuer for cause, (ii) may be terminated at any time by the mutual agreement of the Trustee and the Issuer, and (iii) shall be terminated upon termination of the Servicing Agreement with respect to the Student Loan Notes, but no such termination shall be effective until alternative safekeeping arrangements satisfactory to the Trustee and the Issuer have been effected.


More Definitions of Student Loan Note

Student Loan Note. The promissory note evidencing each Student Loan.
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Related to Student Loan Note

  • student loan means a loan towards a student's maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student's bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Loan Note means a loan note issued under the Loan Note Deed Poll;

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Loan Notes means the promissory notes of the Borrower in favor of each Lender evidencing the Loans made to the Borrower and substantially in the form of Exhibit 2.6(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

  • Permanent Loan shall have the meaning assigned to that term in Section 2.16.1.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of July 1, 2005, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • 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.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.