Funding Note Issuer definition

Funding Note Issuer means each Person that enters into a Funding Note Purchase Agreement as “Funding Note Issuer” thereunder.

Funding Note Issuer means SLC Conduit I LLC, a Delaware limited liability company.

Funding Note Issuer has the meaning given to such term in the Recitals of this Agreement.

Examples of Funding Note Issuer in a sentence

• Each Purchase Agreement shall require that the related Funding Note Issuer or Eligible Direct Issuer, as applicable, shall be responsible for the selection of the Servicer and the payment of any servicing related fees and expenses incurred in connection therewith.

• Pursuant to any Funding Note Purchase Agreement to which the Funding Note Issuer is a party, the Funding Note Issuer shall make usual and customary representations and warranties and shall transfer its rights to enforce all breaches of representations and warranties made by the Seller in the Student Loan Purchase Agreement to the Conduit and, with respect to any Loans purchased by the Department, to the Department.

• The Department’s obligation to pay the Put Price with respect to the Putable Loans on a Put Date will not be subject to set-off by the Department with respect to amounts owed to the Department by any Seller, any Funding Note Issuer, the Conduit or any Eligible Lender Trustees.

• The foregoing shall not limit the rights of the Department to file any claim in, or otherwise take any action with respect to, any insolvency proceeding instituted against the Conduit or any Funding Note Issuer by a Person other than the Department.

• The Putable Loans sold and purchased pursuant to a Xxxx of Sale as of any Put Date with respect a Put Event under clause (iv) of the definition thereof shall be selected by the applicable Funding Note Issuer at random (in the manner specified in the related Funding Note Purchase Agreement).

• The Putable Loans sold and purchased pursuant to a Xxxx of Sale as of any Put Date (other than with respect a Put Event under clauses (iv) and (v) of the definition thereof) shall be selected by each Funding Note Issuer at random (in the manner specified in the related Funding Note Purchase Agreement) and allocated by the Conduit Administrator, pro rata, with respect to each Funding Note then owned by the Conduit as of such Put Date.

• A Funding Note Purchase Agreement dated January 14, 2010 (amended and restated as of July 1, 2010) was executed by Straight-A Funding, LLC, as Conduit Lender; the State Education Assistance Authority, as Funding Note Issuer, Master Servicer and Sponsor; College Foundation, Inc., as Eligible Lender Trustee; The Bank of New York Mellon, as Conduit Administrator, Securities Intermediary and Conduit Lender Eligible Lender Trustee; and BMO Capital Markets Corp., as Manager.

• The Putable Loans sold and purchased pursuant to a Bill of Sale as of any Put Date with respect a Put Event under clause (iv) of the definition thereof shall be selected by the applicable Funding Note Issuer at random (in the manner specified in the related Funding Note Purchase Agreement).

• The Putable Loans sold and purchased pursuant to a Bill of Sale as of any Put Date (other than with respect a Put Event under clauses (iv) and (v) of the definition thereof) shall be selected by each Funding Note Issuer at random (in the manner specified in the related Funding Note Purchase Agreement) and allocated by the Conduit Administrator, pro rata, with respect to each Funding Note then owned by the Conduit as of such Put Date.

• On the Closing Date, pursuant to Section 13.1(a) of the limited liability company agreement of the Funding Note Issuer, the Conduit Buyer shall deliver to the Funding Note Issuer Opinions of Counsel that the proposed transfer of the Membership Interests to the Conduit Buyer will not cause the Funding Note Issuer (i) to be treated as a publicly traded partnership for U.S. federal income tax purposes or (ii) to be an investment company subject to registration under the Investment Company Act.

More Definitions of Funding Note Issuer

Funding Note Issuer means Nelnet Superconduit Funding, LLC, a Delaware limited liability company.

Funding Note Issuer means [ ], [a Delaware limited liability company] [Insert applicable jurisdiction of organization for Eligible Direct Issuers].

Funding Note Issuer. Allstate Life Global Funding Funding Note No.: FA - 41097 Principal Amount: $150,000,000 The Funding Note will otherwise have payment and other terms substantially similar to the Funding Agreement(s) and the Notes, except that the terms of the Funding Note will provide that it will be cancelled immediately upon the sale of, and deposit into, the Trust by Global Funding of the Funding Agreement(s). DELAWARE TRUSTEE SERVICE FEE SCHEDULE XXXXXXXXXXXXX XXXXXXX XXX XXXXXXXX AGENT NOTICE INFORMATION ANNEX E INDENTURE SERVICE FEE SCHEDULE Acceptance Fee: $1,500 Annual Administration Fee: $1,500 Calculation Agent Fee: $5,000 annually for the MTN Program Annual SEC Compliance Fee: $10,000 annually for the MTN Program