Instrument. Each promissory note executed by a borrower evidencing a Financed Student Loan (other than any master promissory note) constitutes an "instrument" within the meaning of the UCC as in effect in the states in which each such borrower resides at origination.
Appears in 4 contracts
Sources: Sale and Servicing Agreement (Keycorp Student Loan Trust 2000-A), Sale and Servicing Agreement (Keycorp Student Loan Trust 2000-B), Sale and Servicing Agreement (Key Bank Usa National Association)
Instrument. Each promissory note executed by a borrower evidencing a Financed Student Loan (other than any master promissory note) constitutes an "“instrument" ” within the meaning of the UCC as in effect in the states in which each such borrower resides at origination.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Keycorp Student Loan Trust 2002-A), Sale and Servicing Agreement (Keycorp Student Loan Trust 2003-A)
Instrument. Each promissory note executed by a borrower evidencing a KBUSA Financed Student Loan (other than any master promissory note) constitutes an "“instrument" ” within the meaning of the UCC as in effect in the states in which each such borrower resides at origination.
Appears in 2 contracts
Sources: Student Loan Transfer Agreement (Keycorp Student Loan Trust 2002-A), Student Loan Transfer Agreement (Keycorp Student Loan Trust 2003-A)
Instrument. Each promissory note executed by a borrower evidencing a KBUSA Financed Student Loan (other than any master promissory note) constitutes an "“instrument" ” or in the case of any Electronic Note, a “payment intangible” within the meaning of the UCC as in effect in the states in which each such borrower resides at origination.
Appears in 1 contract
Sources: Student Loan Transfer Agreement (Keycorp Student Loan Trust 2004-A)