Master Promissory Note definition

Master Promissory Note means a Master Promissory Note in the form mandated by Section 432(m)(1)(D) of the Higher Education Act.
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Master Promissory Note means a single-year or multi-year promissory note by which a student borrower promises to repay loan money;
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Master Promissory Note means that note of even date herewith described in Section 2.2,, a copy of which is attached hereto as Exhibit “B”, and any extensions, modifications, and renewals thereof. “Maximum Line of Credit” shall be Thirty Million Dollars ($30,000,000.00) and shall consist of the sum of the Committed Line plus the Uncommitted Line.
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Examples of Master Promissory Note in a sentence

  • The Original Credit Facility has been evidenced by a Master Promissory Note dated June 13, 1996 as amended pursuant to a First Amendment to Master Promissory Note dated September 5, 1996 and by a Second Amendment to Master Promissory Note dated March 31, 1997 (collectively, the "Master Note").

  • All documentation relating to the Financed Student Loans, including the original promissory note (or an original or copy of each Master Promissory Note) for each Financed Student Loan, is in the possession of the applicable Servicer or Subservicer, as the case may be.

  • This Agreement shall be deemed a contract made under the laws of Tennessee, and shall be construed and enforced in accordance with and governed by the laws of Tennessee, except with respect to the rate of interest on the Master Promissory Note or Loan Account, which shall be governed by applicable provisions of federal law.

  • The execution of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all requisite corporate action and this Agreement, the Master Promissory Note, and all other documents to be executed by Borrower in connection herewith and therewith are valid and binding obligations of the Borrower enforceable against Borrower in accordance with their respective terms.

  • Bank shall have a right to offset any amounts owed by the Borrower under this Agreement and/or the Master Promissory Note against amounts held in every deposit account of the Borrower at the Bank.


More Definitions of Master Promissory Note

Master Promissory Note means a note (a) that evidences one or more loans made to finance post-secondary education and (b) that is in the form mandated by Section 432(m)(1) of the Higher Education Act, as added by Public Law No: 105-244 § 427, 112 Stat. 1702 (1998), as amended by Public Law No: 106-554 (enacted December 21, 2000) and as codified in 20 U.S.C. § 1082(m)(1).
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Master Promissory Note means a note (a) that evidences one or more loans made to finance post-secondary education financing and (b) that is in the form mandated by Section 432(m)(1) of the Higher Education Act, as added by Public Law No: 105-244, ss. 427, 112 Stat. 1702 (1998), as amended by Public Law No: 106-554 (enacted December 21, 2000) and as codified in 20 U.S.C. ss. 1082(m)(1).
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Master Promissory Note means a promissory note evidencing a Loan to a Participant.
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Master Promissory Note or “MPN” denotes the form promissory note that allows Borrowers to receive, in addition to initial loans, additional loans for the same or subsequent periods of enrollment through a student confirmation process approved under the Act.
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Master Promissory Note means that note of even date herewith described in Section 2.2., a copy of which is attached hereto as Exhibit "B", and any extensions, modifications, and renewals thereof.
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Master Promissory Note. , "Promissory Note", or "Note" shall mean the promissory note or notes issued pursuant to this Agreement.
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Master Promissory Note means a form promissory note that allows Borrowers to receive, in addition to initial loans, additional loans for the same or subsequent periods of enrollment. means each Loan with respect to which ECFC purchases a Participation Interest in a disbursement thereof. means, with respect to each Loan, the 100.00% participation interest in each disbursement of such Loan that is to be purchased by ECFC pursuant to the terms of this Agreement.
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