Program Loan

Example Definitions of "Program Loan"
Program Loan. A full-recourse secured loan made by the Company to a Participating Partner (other than a Participating Partner who is an Eligible Executive Officer) in connection with a purchase of Shares by such Participating Partner under the Program.
Program Loan. A Private Loan made to an Eligible Borrower for the purpose of financing part or all of the educational expenses of an Eligible Student at an Eligible Institution that is made under the CFLD Private Loan Program.
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