Eligible Direct Issuer definition

Eligible Direct Issuer means any state agency or non-for-profit organization that is either (i) not eligible to be a “debtor” under Chapter 9 of the Bankruptcy Code or (ii) not eligible to be subject to an involuntary bankruptcy petition under Section 303 of the Bankruptcy Code.
Sample 1Sample 2Sample 3

Examples of Eligible Direct 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.

  • If the CAP is accepted by the Conduit, the Seller or Eligible Direct Issuer shall provide to the Conduit evidence of completion of the CAP in order to resolve the noncompliance.

  • The proceeds of the sale of commercial paper are routed back to the Seller or Eligible Direct Issuer to use to make additional student loans and to repay indebtedness secured by or allocated to the loans collateralizing the Funding Notes.When the Funding Notes are sold to the Conduit, under the ABCP Conduit Put Program, the Federal Government (i.e., ED) agrees to purchase eligible loans if certain events occur.

  • The Seller or Eligible Direct Issuer or its servicer maintains this information.

  • If the Loan Data Schedules do not indicate the Servicer(s), obtain from the Seller or Eligible Direct Issuer a written representation as to the number of Servicers that serviced the unique Relevant Loan Portfolio and associated Pledged Pool(s).

  • The practitioner will perform the procedures in Chapter 3, prepare the respective reporting package described in Chapter 4, and submit the respective reporting package to management of the Seller or Eligible Direct Issuer.

  • The Seller or Eligible Direct Issuer (as applicable) must provide the practitioner with the management assertion detailed below.

  • Ask the Seller or Eligible Direct Issuer if loans were selected for the Pledged Pool(s) using method (a) or (b), below.23 The ED-approved methodology is specified in Q&A 5 “Random Selection” of the Asset Backed Commercial Paper Conduit Q&A available at http://federalstudentaid.ed.gov/ffelp/abcpqa.html.

  • For each loan in the sample, obtain a hardcopy or electronic copy of the signed promissory note from the Seller, Eligible Direct Issuer, or third-party servicer.

  • This step is performed if indicated at step 5(c).] For each Pledged Pool, ask the Seller or Eligible Direct Issuer if each Pledged Pool was selected using the method described at 6(a) or 6(b).

Related to Eligible Direct Issuer

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Participant has the meaning specified in Section 10.06(d).

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Other Participant means a cooperative project participant other than the United States.

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Clearing Participant means a person admitted as a participant under the Clearing Rules.

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Eligible Individual means any person who is an Employee, a Consultant or a Non-Employee Director, as determined by the Administrator.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Eligible Person means individuals, corporations, trusts, the estates of deceased individuals, partnerships and unincorporated associations of persons;

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Eligible Recipient means an employee, director or independent contractor of the Company or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Stock Appreciation Right means an employee, non-employee director or independent contractor of the Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Requesting Participant means a Participant initiating an RFQ.

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).