Funding Note definition

Funding Note has the meaning set forth in Part F of the Series Instrument.

Funding Note means the note issued by Global Funding and authenticated by the Funding Note Indenture Trustee under the Funding Note Indenture in an authorized denomination and represented by the Funding Note Certificate.

Funding Note has the meaning ascribed in the Funding Note Indenture.

Examples of Funding Note in a sentence

• All amounts due in respect of the Funding Note will be made without withholding or deduction for or on account of any present or future taxes, duties, levies, assessments or other governmental charges of whatever nature imposed or levied by or on behalf of any governmental authority in the United States having the power to tax payments on the Funding Note unless the withholding or deduction is required by law.

• The Funding Note constitutes a direct, unconditional, unsubordinated and secured non-recourse obligation of Global Funding.

• Unless otherwise specified in the Funding Note Certificate, Global Funding will not pay any Additional Amounts to the Holders of the Funding Note in the event that any withholding or deduction is so required by law, regulation or official interpretation thereof, and the imposition of a requirement to make any such withholding or deduction will not give rise to any independent right or obligation to redeem or repay the Funding Note and shall not constitute an Event of Default.

• The Funding Note Indenture Trustee may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for the sale, and such sale may be made at any time or place to which the same may be so adjourned.

• The Funding Note Indenture Trustee, subject to the provisions of Sections 6.1 and 6.2, may receive a Trust Certificate and an Opinion of Counsel as conclusive evidence that any such Supplemental Funding Note Indenture complies with the applicable provisions of the Funding Note Indenture.

More Definitions of Funding Note

Funding Note means the funding note issued by Global Funding and authenticated by the Funding Note Indenture Trustee under the Funding Note Indenture, in an authorized denomination and represented by the Funding Note Certificate.

Funding Note has the meaning set forth in the Funding Note Indenture.

Funding Note. A debt obligation representing all or a portion of the “regular interest” in a REMIC, which obligation is secured by Underlying GSE Securities or GNMA-Related Securities and provides for Xxxxxxx Mac to receive payments on such Underlying GSE Securities or GNMA-Related Securities in such amounts as are necessary to amortize the principal amount of, and pay accrued interest on, such debt obligation.

Funding Note means a variable funding note issued by the Funding Note Issuer, substantially in the form attached hereto as Exhibit D.

Funding Note means each funding note issued by the Trust and sold to an Issuing Trust in connection with the Trust's Program.

Funding Note the meaning specified in Section 2.1.

Funding Note means that certain $17,000,000.00 12% Senior Secured Note due March 17, 2005, Series 1998 as issued by TWG International, as issuer and U.S. Trust Company of Texas, N.A. as Trustee in the form set forth on the Funding Note Indenture, together with any Additional Securities issued pursuant to the terms of that certain Funding Note Indenture, as supplemented.