Private Loan definition

Private Loan means, collectively, the loan or loans that is or are ob- tained by the Borrower from an Eligi- ble Private Lender to prepay the Total Permitted Prepayment Amount, or the portion thereof which the Borrower has selected to prepay.

Private Loan means a Student Loan which is not made pursuant to the Higher Education Act, but which is made pursuant to the Access Group Loan Program.

Private Loan means any loan, directly or indirectly, of any of the Proceeds of an obligation of a Governmental Entity to any Non-Governmental Entity.

Examples of Private Loan in a sentence

• Complete, sign and return the Self Certification of a Private Loan form.

• Any holder of the Private Loan Note or any Private Loan Portion Note or any Derivative, as the case may be, having a claim to payments on the Pri- vate Loan receives more than 90 per- cent of any payment due to such holder from payments made under the Guar- anty at any time during the term of the Private Loan.

• To qualify for review, a plan of prepayment must include a detailed description of the proposed financing structure clearly addressing the terms and conditions of the proposed Private Loan.

• The Guaranty shall cease to be effec- tive with respect to the Private Loan or any Private Loan Portion or any De- rivative to the extent that the Private Loan or the respective Private Loan Portion or the respective Derivative, as the case may be, is used to provide sig- nificant support for a Non-Registered Obligation.

• Each Private Loan Note, with the Guaranty attached, shall be fully and freely transferable to any Permitted Guaranty Holder.

More Definitions of Private Loan

Private Loan means a loan made pursuant to or evidenced

Private Loan means a student loan which is not made or guaranteed pursuant to the Higher Education Act.

Private Loan means an education loan not guaranteed by the government and offered by a lender under the terms of a specific program approved by the Servicer for servicing hereunder, as described in Attachment 5, as the same may be amended from time to time by written agreement of the Holder and the Servicer.

Private Loan means a loan other than one provided by an institution which provides loans on standard terms in the normal course of its activities;

Private Loan means a student loan which is not made pursuant to the Higher Education Act, but which is made pursuant to the Access Group Loan Program. The term includes both Portfolio Loans and other Private Loans made under the Access Group Loan Program, which may have other terms and characteristics.

Private Loan means a loan made pursuant to or evidenced by a loan agreement, debt instrument, or other evidence of indebtedness, if that lending arrangement is exempt from registration as a security under federal securities laws.

Private Loan means a Financed Student Loan that is made under programs established by banks, insurance companies, private non-profit corporations and other non-governmental entities.