Funding Note definition

Funding Note has the meaning set forth in Part F of the Series Instrument.

Funding Note means the note issued by Global Funding and authenticated by the Funding Note Indenture Trustee under the Funding Note Indenture in an authorized denomination and represented by the Funding Note Certificate.

Funding Note has the meaning ascribed in the Funding Note Indenture.

Examples of Funding Note in a sentence

• All amounts due in respect of the Funding Note will be made without withholding or deduction for or on account of any present or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied by or on behalf of any governmental authority in the United States having the power to tax payments on the Funding Note unless the withholding or deduction is required by law.

• Global Funding will immediately assign absolutely to, and deposit into, each Issuing Trust the Funding Agreement(s), and the relevant Funding Note will be surrendered.

• Global Funding will use the proceeds from the sale of each Funding Note to purchase one or more Funding Agreement(s) (the “Funding Agreement(s)”) from Allstate Life.

• The net proceeds from the offering and sale of the Notes will be used by each Issuing Trust to purchase a Funding Note (each, a “Funding Note”) from Global Funding in an amount equal to the amount of Notes issued by the Issuing Trust.

• Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Funding Note Indenture Trustee may fix in the notice of such sale.

More Definitions of Funding Note

Funding Note has the meaning set forth in the Funding Note Indenture.

Funding Note. A debt obligation representing all or a portion of the “regular interest” in a REMIC, which obligation is secured by Underlying GSE Securities or GNMA-Related Securities and provides for Freddie Mac to receive payments on such Underlying GSE Securities or GNMA-Related Securities in such amounts as are necessary to amortize the principal amount of, and pay accrued interest on, such debt obligation.

Funding Note means a variable funding note issued by the Funding Note Issuer, substantially in the form attached hereto as Exhibit D.

Funding Note means the note evidencing the loans made by the Conduit Lender to the Funding Note Issuer.

Funding Note means TWG International 12% Senior Secured Notes in the sum of $17,000,000 Due March 2005.

Funding Note the meaning specified in Section 2.1.

Funding Note with respect to any Trust, has the meaning ascribed in the applicable Funding Note Indenture.