MPN Loan definition

MPN Loan means a FFELP Loan evidenced by a Master Note.
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MPN Loan means a loan originated pursuant to the Federal Family Education Loan Program and the Higher Education Act and evidenced by a Master Note.
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MPN Loan means a FFELP Loan evixxxxxx xy a Master Note.
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Examples of MPN Loan in a sentence

  • Students must complete the Master Promissory Note (MPN), Loan Adjustment Request form (if needed), and Entrance Counseling electronically through the www.studentloans.gov.

  • STUDENT LOANSStudents who are applying for the Department of Education loans will go to https://studentaid.gov/ login and complete both Entrance Counseling and the Master Promissory Note (MPN) /Loan Agreement for Subsidized/Unsubsidized Loan.

  • If approved, you will also need to complete an MPN (Loan Agreement for PLUS Loan), which will be in effect as long as your child is enrolled.

  • The MPN Holder shall make no subsequent advances to a borrower under the related Master Note except pursuant to a separate MPN Loan.

  • If approved, you will also need to complete a Master Promissory Note (MPN, Loan Agreement for PLUS Loan), which will be in effect as long as your child is enrolled.

  • Eligible Non-Citizen (Alien ID# ) (If you check “Eligible Non-Citizen”, you must attach a copy of your INS documents.) FEDERAL DIRECT PARENT LOAN (PLUS) REQUEST – To be completed by the parent signing the Parent Loan Master Promissory Note (MPN) Loan Period for this loan: Fall and Spring Fall Only Spring Only Summer Only Total Amount of Loan funds you are requesting for the loan period checked above: $ You must enter an amount in this section in order for your loan to be processed.

  • The MPN Holder shall not agree to any modification, waiver, forbearance or amendment of any term of any Transferred MPN Loan other than as provided in Section 4.01 of this Agreement.

  • The MPN Holder shall hold, or cause the Master Servicer or a Subservicer to hold, the Master Note underlying each Transferred MPN Loan for the use and benefit of all present and future MPN Loan Holders.

  • The MPN Holder shall not provide to any person other than an MPN Loan Holder any copy of a Master Note except to the Master Servicer or a Sub-Servicer for administrative purposes or for the MPN Holder's internal administrative purposes.

  • The MPN Holder shall maintain book-entry records with respect to the identity of present and future MPN Loan Holders.


More Definitions of MPN Loan

MPN Loan means a FFELP Loan evidenced by a Master Note. “Nelnet, Inc.” means Nelnet, Inc., a corporation organized and existing under the laws of the State of Nebraska.
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MPN Loan means any single loan made pursuant to a Master Promissory Note. “Note Counsel” shall mean counsel of nationally recognized standing in the field of
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Related to MPN Loan

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

  • 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”.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Future Advance means an Advance made after the Initial Closing Date.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

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

  • 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:

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Canadian Loan means an extension of credit by a Canadian Lender to the Canadian Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Existing Loan means the loan identified on Exhibit H.

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • Revolving Advance has the meaning given in Section 2.1.

  • Non-Ratable Loan and “Non-Ratable Loans” have the meanings specified in Section 1.2(h).

  • Default Loan shall have the meaning provided in Section 5.2(b)(1).

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

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

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Committed Loan has the meaning specified in Section 2.01.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

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

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.