Eligible Note or "Note" means any written evidence of obligation, including a note, bond, mortgage or indenture which:
Eligible Note means the written evidence of indebtedness, unless otherwise amended or limited by the Eligibility Criteria:
Eligible Note is a Note which:
Examples of Eligible Note in a sentence
A Noteholder may assign, transfer or pledge an Eligible Note to any Person, provided that such transfer is per- mitted under applicable law and regu- lation, including, without limitation, the Office of Foreign Asset Control (OFAC) regulations.
Under the Guarantee, USAID agrees to pay to any Noteholder com- pensation in United States Dollars equal to such Noteholder’s Loss of In- vestment under its Eligible Note; pro- vided, however, that no such payment shall be made to any Noteholder for any such loss arising out of fraud or misrepresentation for which such Agency for International Development § 239.7 Noteholder is responsible or of which it had knowledge at the time it became such Noteholder.
The Guarantee shall apply to each Eligible Note registered on the Note Register required to be maintained by the Fiscal Agent.
More Definitions of Eligible Note
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 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 (2) Contains an acceleration clause which provides for acceleration of maturity either automatically or at the option of the holder, in the event of default in payment of any installment upon the due date thereof; and (3) Contains payment and maturity requirements meeting the following specifications: The Note shall be payable in approximately equal monthly installments, the first of which shall fall due within six months and the last within sixty months and 32 days from the date of the Note. If the principal income of the Borrower is derived from a seasonal operation or business, the Note may be made payable in installments corresponding with the seasonal variation in Borrower's income shown on his application for credit; provided the first installment is payable within twelve months of the date of the Note; and further provided that the sum of installments to be paid in any year subsequent to the first year shall not be greater than the proportion of the total debt which is to be paid in the first year; and further provided that a token payment is due in each off-season month; and (4) Is for an amount such that the net proceeds, as defined below, of such note plus the then unpaid net proceeds of any other loans insured by the Company made by the Assured to the individual Borrower making the note are not in excess of $5,000.00, except that specified notes for greater amounts may be insured hereunder upon endorsement of this policy specifically insuring such notes. c. "Borrower" means one, whether individual, partnership, corporation or other legal entity, who applies for and receives a Loan, evidence by an Eligible Note, and whose interest in the real property to be improved is: (1) A fee title; (2) a life estate; (3) a leasehold estate having a fixed term expiring after the maturity of the Note; or (4) an equitable interest under a contract or deed of trust to create an interest in real property of the character described in (1) (2) or (3). No such person shall be accepted by the Assured as a Borrower if such person is past due more than fifteen days as to the payment of an obligation owed the Assured or any obligation insured by the Company or is past due more then thirty ...
Eligible Note means ANY ONE OR MORE NEGOTIABLE PROMISSORY NOTES MADE BY A PRIMARY OBLIGOR PAYABLE TO THE ORDER OF BORROWER, IN FORM AND SUBSTANCE ACCEPTABLE TO AGENT, IN ITS SOLE AND EXCLUSIVE DISCRETION, WHICH NOTE: (A) HAS BEEN PLEDGED TO AGENT PURSUANT TO THE NOTE PLEDGE AGREEMENT BY AND BETWEEN BORROWER AND AGENT; (B) HAS BEEN DELIVERED TO AGENT BY BORROWER; (C) HAS BEEN ENDORSED BY BORROWER PAYABLE TO THE ORDER OF AGENT; (D) FOR WHICH BORROWER HAS DELIVERED TO AGENT AN AGREEMENT AND ESTOPPEL CERTIFICATE FROM THE MAKER THEREOF, ALL IN FORM AND SUBSTANCE ACCEPTABLE TO AGENT IN ITS SOLE AND EXCLUSIVE DISCRETION; AND (E) THE REPRESENTATIONS AND WARRANTIES WITH RESPECT TO WHICH MADE IN THE APPLICABLE NOTE PLEDGE AGREEMENT ARE TRUE AND CORRECT IN ALL MATERIAL RESPECTS.
Eligible Note means a Student Note now or hereafter owned by Borrower ------------- or a Guarantor, which meets the following specifications at the time it first is included in computing the Borrowing Base and continues to meet the same so long as it continues to be so included:
Eligible Note means any one or more negotiable promissory notes made by a Primary Obligor payable to the order of Borrower, in form and substance acceptable to Bank, in its sole and exclusive discretion, which note: (i) has been pledged to Bank pursuant to the Note Pledge Agreement by and between Borrower and Bank; (ii) has been delivered to Bank by Borrower; (iii) has been endorsed by Borrower payable to the order of Bank; (iv) for which Borrower has delivered to Bank an Agreement and Estoppel Certificate from the maker thereof, all in form and substance acceptable to Bank in its sole and exclusive discretion; and (v) the representations and warranties with respect to which made in the applicable Note Pledge Agreement are true and correct in all material respects. A true, accurate and complete schedule of all Eligible Notes is attached hereto as Schedule 2.2(c); provided however, Borrower shall have the right to amend Schedule 2.2(c) if and when Borrower delivers to Lender an Agreement and Estoppel Certificate from FC Capital relating to that certain Subordinated Promissory Note dated as of January 1, 1998, in the principal amount of $50,000,000 made by FC Capital payable to the order of Borrower. Upon delivery and acceptance of such Agreement and Estoppel Certificate from FC Capital and amendment of Schedule 2.2(c), such note shall be an Eligible Note under the terms of this Agreement. Borrower shall not enter into, amend, modify, supplement, restate or replace any Eligible Note, without in each instance, Bank's prior written consent.