HEAL Loan definition

HEAL Loan means an education loan made to an "eligible graduate student" as defined in and pursuant to the Public Health Services Act.
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HEAL Loan means a Financed Student Loan made pursuant to the provisions of the HEAL Loan program established under Section 292 of the Public Health Service Act.
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HEAL Loan means an education loan made to an "eligible graduate student" as defined in and pursuant to the Public Health Service Act.
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Examples of HEAL Loan in a sentence

  • Each Financed HEAL Loan qualifies the holder thereof (assuming such holder is an eligible lender under the HEAL Act and has an insurance contract with the Secretary of HHS) to receive Insurance Payments from the Department of HHS in accordance with the HEAL Insurance Contract.

  • Upon any such transfer of a Financed Student Loan, legal title to, and beneficial ownership and control of, the related Financed Student Loan File and, if applicable, the related Additional Financed HEAL Loan File will thereafter belong to the Transferor.

  • Upon any such transfer of a Financed Student Loan, legal title to, and beneficial ownership and control of, the related Financed Student Loan File and, if applicable, the related Additional Financed HEAL Loan File will thereafter belong to the Master Servicer.

  • The Custodian makes no representations as to and shall not be responsible to verify (i) the validity, legality, enforceability, sufficiency, due authorization or genuineness of any of the documents contained in each custodial file or of any of the HEAL Loans, or (ii) the collectibility, insurability, effectiveness or suitability of any such HEAL Loan.

  • Each Financed HEAL Loan included in the Initial Financed Student Loans bears interest at the rate of [______%].

  • Ladies and Gentlemen: In accordance with the provisions of Section 4.3 of the above-referenced Terms Supplement, the undersigned, as Custodian, hereby certifies as to each HEAL Loan in the Schedule of Financed Student Loans that it has received the original HEAL Note relating thereto.

  • Advances in connection with Borrowings to fund any FFELP Loan or HEAL Loan shall be made in an amount equal to the outstanding Principal Balance of such Student Loan plus accrued and unpaid interest thereon plus the Financed Premium Amount with respect to such Student Loan.

  • Each Financed HEAL Loan qualifies the holder thereof (assuming such holder is an eligible lender under the HEAL Act) to receive Insurance Payments from the Department of HHS in accordance with the HEAL Insurance Contract.


More Definitions of HEAL Loan

HEAL Loan means an insured Health Education Assistance Loan made under the Health Act and insured by the Secretary of Health and Human Services, including, without limitation, Consolidation Loans made thereunder.
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Related to HEAL Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Initial Loan is defined in Section 2.1.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Commercial loan means a loan that is not made primarily for

  • PPP Loan has the meaning set forth in Section 3.28.

  • Educational loan means a loan made by the authority to an institution.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

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

  • Conventional Loan A Mortgage Loan that is not insured by the United States Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Federal loan means a loan made by an agency. The term does not include loan guarantee or loan insurance.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • 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.