Eligible Note definition

Eligible Note or "Note" means any written evidence of obligation, including a note, bond, mortgage or indenture which:

Eligible Note is a Note which:

Eligible Note means the written evidence of indebtedness, unless otherwise amended or limited by the Eligibility Criteria: a. under which the Borrower is obligated to repay a Loan in amortizing monthly installments of principal and interest; b. with an initial term of at least twelve (12) months; c. secured by a Second Deed of Trust; and d. containing therein or in the Second Deed of Trust, where permitted by law,

Examples of Eligible Note in a sentence

• A Noteholder may assign, transfer or pledge an Eligible Note to any Person.

• At any time after an Event of Default, as this term is defined in an Eligible Note, any Noteholder hereunder, or the Fiscal Agent on behalf of a Noteholder hereunder, may file with USAID an Application for Compensation in the form provided in Appendix A to this part.

• If this Note is a Senior Preferred Note, it may be a Senior Preferred MREL Eligible Note if so specified in the applicable Final Terms.

• Any communication to USAID pursu- ant to this Guarantee shall be in writ- ing in the English language, shall refer to the Israel Loan Guarantee Number inscribed on the Eligible Note and shall be complete on the day it shall be actu- ally received by USAID at the Office of Development Credit, Bureau for Eco- nomic Growth, Agriculture and Trade, United States Agency for International Development, Washington, DC 20523– 0030.

• Under this Guarantee, USAID agrees to pay to any Noteholder com- pensation in Dollars equal to such Noteholder’s Loss of Investment under its Eligible Note; provided, however, that no such payment shall be made to any Noteholder for any such loss aris- ing out of fraud or misrepresentation for which such Noteholder is respon- sible or of which it had knowledge at the time it became such Noteholder.

More Definitions of Eligible Note

Eligible Note or "Note" means any written evidence of obligation, including a note, bond, mortgage or indenture which: (1) Bears the genuine signature of the Borrower and all other parties to the instrument, is complete and regular on its face, and is valid and enforceable against the Borrower; and

Eligible Note means the written evidence of indebtedness, unless otherwise amended or limited by the Eligibility Criteria:

Eligible Note means an Underlying Note described on the most recent Borrowing Base Certificate delivered to Lender in accordance herewith and which at all times meets the following requirements:

Eligible Note means each promissory note or other evidence of indebtedness executed by a third party in favor of Borrower (or assigned to Borrower by valid allonge and endorsement), and if Alliance elects in its sole discretion, each deed evidencing REO, together with all assignments, allonges, mortgages, trust deed, amendments or modifications thereto or replacements of substitutions therefor, that is assigned to Alliance and accepted by Alliance in its sole discretion to Advance against. Eligible Notes shall not include, and Alliance shall not advance against Nonperforming Notes or other Ineligible Collateral. Alliance may advance against REO in its sole and absolute discretion, subject to such further conditions as Alliance may require.

Eligible Note means an Early Eligible Note or a General Eligible Note, and (together, the “Eligible Notes”).

Eligible Note means each Note evidencing an Eligible Loan, together with all assignments, allonges, mortgages, trust deed, amendments or modifications thereto or replacements of substitutions therefor, that is assigned to Lender and accepted by Lender in its sole and absolute discretion to Advance against, and in respect of which Lender has a perfected, first-priority lien thereon and in all related Collateral, not subject to any other liens or claims of any kind (other than Permitted Liens). "Eligible Note" shall not include, and Lender shall not advance against any Nonperforming Notes, any other Ineligible Collateral, or any Note that does not constitute Collateral.

Eligible Note shall not include, and Lender shall not advance against any Nonperforming Notes, any other Ineligible Collateral, or any Note that does not constitute Collateral.