UFSB definition
Examples of UFSB in a sentence
Notwithstanding the foregoing, FMC or the Purchaser Trust shall afford the Program Lender thirty (30) days to cure the insufficiency or inaccuracy of the representation or warranty prior to any notice demanding that Program Lender perform its obligation to repurchase the affected UFSB Astrive Conforming Loan.
Section 2 of this Second Amendment shall be effective as of September 23, 2011, but shall apply to all UFSB Private Student Loan Program Loans with cancellations after such date, regardless of Application received date.
As amended herein, the Program Guidelines for the UFSB Private Student Loan Program remain in full force and effect.
Program Lender further agrees, in consideration of FMC’s undertaking pursuant to this section, that no change shall be made in any of the Program Guidelines, the Guaranty Agreement, the Loan Origination Agreement, or the interest rate and terms, as well as other consumer loan terms and conditions of UFSB Astrive Loans without FMC’s prior written consent, which consent shall not be unreasonably withheld.
Purchaser Trust hereby purchases said UFSB Astrive Notes on said terms and conditions.
In the event that the volume conditions (set forth in Section 2.02(c)) for a binding purchase commitment are not satisfied, FMC may, but need not, declare the Purchase Period with respect to each UFSB Astrive Conforming Loan that is then a Seasoned Loan extended by one hundred and eighty (180) days.
Section 3 of this Third Amendment shall be effective for all UFSB Private Student Loan Program Applications received on or after February 6, 2012.
It is expected that Program Lender’s participation in the UFSB Astrive Loan Program may involve the disclosure, communication and exchange of Proprietary Information and Customer Information.
The responsibility for the design and execution of marketing programs for all UFSB Astrive Loans shall be that of the Program Lender.
Section 5 of this Second Amendment shall be effective November 9, 2011, but shall apply to all UFSB Private Student Loan Program Loans, regardless of Application received date.