Master Promissory Note Sample Clauses

Master Promissory Note. Concurrent with the signing of this Agreement, APLP shall deliver to AGP a properly completed and duly executed Master Promissory Note, substantially in the form attached hereto as Exhibit A; provided, however, that notwithstanding the face amount of the Master Promissory Note, APLP's liability thereunder shall be limited at all times to APLP's actual indebtedness (principal and interest) then outstanding to AGP hereunder.
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Master Promissory Note. The Master Promissory Note, dated April 20, 2004, in the principal amount of $10,000,000.00 made by the Borrower in favor of the Bank (the “Prior Note”), shall be replaced and superseded by an Amended And Restated Promissory Note, substantially in the form attached hereto as Exhibit A (the “Note”). The Bank shall return the Prior Note, duly marked “Cancelled”, to the Borrower at the time that the Note is executed and delivered to the Bank.
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Master Promissory Note. The following new definitions will take effect when the Department issues an approved Master Promissory Note. A Master Promissory Note(MPN) is a promissory note under which the borrower may receive loans for a single award year or multiple award years. The making of a loan occurs when the school makes the first disbursement of a loan to a student. You must ensure that each ▇▇▇▇▇▇▇ Loan is supported by a legally enforceable promissory note. You can no longer make a loan under an MPN: • more than 10 years from the date the borrower signed the MPN or the date you received the MPN (schools can still disburse a remaining portion of a loan after this date); • more than 12 months after the date the borrower signed the MPN, if you make no disbursement under that MPN; • after the date you are notified by the borrower to stop using the MPN. 34 CFR 674.19(e)(4)(iii) If an error is discovered in a promissory note, the school should obtain legal advice about what action it should take. The appropriate school official and the student should sign by or initial all approved changes in the note. When the borrower has fully repaid the ▇▇▇▇▇▇▇ Loan, the school must mark the note “paid in full,” have it certified by an official of the school, and give the original note to the borrower. The school must keep a copy of the note for at least three years after the date the loan was paid in full. A school must use a promissory note that the Department has approved. In Dear Partner Letter CB-01-15, dated November 2001, the Department issued open-end and closed-end approved promissory notes for NDSLs and ▇▇▇▇▇▇▇ Loans. (Although schools no longer issue NDSLs to new borrowers, schools must issue NDSLs to borrowers who have outstanding balances on previous NDSLs or Defense Loans.) See Appendix A for copies of the approved promissory notes. In Dear Colleague Letter CB-02-12, dated July 2002, the Department issued electronic versions of the ▇▇▇▇▇▇▇ Loan and NDSL promissory notes (▇▇▇▇▇▇▇ eNotes). Schools that use the ▇▇▇▇▇▇▇ ELECTRONIC SIGNATURE STANDARDS: HIGHLIGHTS FOR eNOTES Why apply these standards? If your school’s system for processing ▇▇▇▇▇▇▇ eNotes adheres to the Standards and a court finds the loan legally unenforceable based solely on the processing of the electronic signature or related records, the Department will not consider your school liable for the loan and will not require your school to reimburse its ▇▇▇▇▇▇▇ Loan Fund. If your school’s system for processing ▇▇▇▇▇▇▇ eN...
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Master Promissory Note. Notary Public
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Master Promissory Note. The Obligation, including any modifications, extensions, or renewals thereof, will be evidenced by a Master Promissory Note executed by the Debtor, substantially in the form attached hereto as Exhibit A-1 and incorporated herein by this reference (the "Master Promissory Note"), payable by December 31, 2000.
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Related to Master Promissory Note

  • Promissory Note The Promissory Note is enclosed. The Chief Financial Officer is required to sign it and return it to the OPWC Loan Officer, ▇▇▇▇▇ ▇▇▇▇▇▇. It is preferable that you scan and email it to her at ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇▇▇▇.▇▇.▇▇ but may also mail it to the address on our letterhead. Only use one method.

  • Promissory Notes Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its permitted registered assigns) and in a form attached hereto as Exhibit C. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its permitted registered assigns).

  • Secured Promissory Notes The Term Loans shall be evidenced by a Secured Promissory Note or Notes in the form attached as Exhibit D hereto (each a “Secured Promissory Note”), and shall be repayable as set forth in this Agreement. Borrower irrevocably authorizes each Lender to make or cause to be made, on or about the Funding Date of any Term Loan or at the time of receipt of any payment of principal on such Lender’s Secured Promissory Note, an appropriate notation on such Lender’s Secured Promissory Note Record reflecting the making of such Term Loan or (as the case may be) the receipt of such payment. The outstanding amount of each Term Loan set forth on such Lender’s Secured Promissory Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender’s Secured Promissory Note Record shall not limit or otherwise affect the obligations of Borrower under any Secured Promissory Note or any other Loan Document to make payments of principal of or interest on any Secured Promissory Note when due. Upon receipt of an affidavit of an officer of a Lender as to the loss, theft, destruction, or mutilation of its Secured Promissory Note, Borrower shall issue, in lieu thereof, a replacement Secured Promissory Note in the same principal amount thereof and of like tenor.

  • Promissory Notes and Tangible Chattel Paper If the Debtor shall at any time hold or acquire any promissory notes or tangible chattel paper, the Debtor shall forthwith endorse, assign and deliver the same to the Secured Party, accompanied by such instruments of transfer or assignment duly executed in blank as the Secured Party may from time to time specify.

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.