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.

Master Promissory Note means a single-year or multi-year promissory note by which a student borrower promises to repay loan money;

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).

Examples of Master Promissory Note in a sentence

• First-time borrowers must complete a Master Promissory Note (MPN) and entrance loan counseling electronically at xxx.xxxxxxxxxxxx.xxx.

• Students who are accepting any Xxxxxxxx Loans are required to complete the Loan Entrance Counseling and the Loan Master Promissory Note by visiting xxx.xxxxxxxxxxxx.xxx.

• In the case of a Financed Eligible Loan evidenced by a Master Promissory Note, the Authority shall cause the holder of the original Master Promissory Note to indicate by book entry on its books and records that the Authority is the legal and beneficial owner of the Financed Eligible Loan.

• The FAFSA is the application for Direct Xxxxxxxx Loans, but first time borrowers are also required to complete the Loan Entrance Counseling and a Master Promissory Note at xxxx://xxx.xxxxxxxxxxxx.xxx .

• If any of the Loans were made under a Master Promissory Note, this Bill of Sale excludes an assignment of right[s] of the Seller [or ELT] to offer future loans under such Master Promissory Note, and the Seller [or ELT] expressly reserve[s] such right to offer future Loans under such Master Promissory Note.

More Definitions of Master Promissory Note

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.

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).

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.

Master Promissory Note means a promissory note evidencing a Loan to a Participant.

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.

Master Promissory Note means the Fourth Amended and Restated Master Promissory Note executed by the Borrowers and delivered to the Bank pursuant to Section 2.1 of this Agreement, in substantially the form attached hereto as Exhibit B, as amended or modified from time to time and together with any promissory note or notes issued in exchange or replacement therefor.

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. Participated Loan means each Loan with respect to which ECFC purchases a Participation Interest in a disbursement thereof. Participation Interest 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.