Approved Note definition

Approved Note a Promissory Note, guaranteed by the ICAC. Borrower: a parent of an eligible student, or an eligible student, who is the maker of an Approved Note.
View Source
Approved Note any United States Department of Education approved application and promissory note or addendum to the application and promissory note to be executed by an eligible student, an eligible parent, an eligible educational institution and the Lender.
View Source
Approved Note. A promissory note approved by the U.S. Department of Education for use in the Student Loan Programs of the SLGFA. BORROWER: A person who is the maker of an Approved Note.
View Source

Examples of Approved Note in a sentence

  • Upon receipt of an Approved Note or Eligible Note duly endorsed and all related credit information, and the satisfaction of all the conditions set forth in Article VI hereof, provided no Event of Default shall have occurred and be continuing, and provided Statesman shall not then be entitled to require that the Cooperative repurchase Eligible Notes under the provisions of Section 3E.03 hereof, Statesman shall pay the Cooperative in cash the purchase price for each such Approved Note or Eligible Note.

  • LOAN: a Loan made to a Borrower by the Lender, or a Loan made to a Borrower by another lender and acquired by the Lender, evidenced by an Approved Note.

  • DEFAULT: with respect to any Approved Note, the occurrence of any event which shall constitute a default under the terms of such Note.


More Definitions of Approved Note

Approved Note means a Promissory Note or Repayment Schedule guaranteed by the Authority.
View Source
Approved Note means the promissory note in the principal amount of $40 million in substantially the form attached to this Agreement as Exhibit C.
View Source

Related to Approved Note

  • Committed Note means a promissory note of a Borrower payable to the order of any Lender, in substantially the form of Exhibit A-1, evidencing the indebtedness of that Borrower to such Lender resulting from the Committed Advances made by such Lender to that Borrower.

  • Owned Note shall have the meaning assigned to such term in Section 32.

  • Accepted Note shall have the meaning specified in paragraph 2B(5).

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Restricted Note has the same meaning as “Restricted Security” set forth in Rule 144(a)(3) promulgated under the Securities Act; provided that the Trustee shall be entitled to request and conclusively rely upon an Opinion of Counsel with respect to whether any Note is a Restricted Note.