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
You will also frequently encounter the words loan holder, loan servicer, and Master Promissory Note.
Most federal student loans are made under a Master Promissory Note (MPN).
Master Promissory Note (MPN)An MPN is a binding legal document that you must sign before receiv- ing your first Direct Loan.
Notice About Subsequent Loans Made Under This Master Promissory Note This Note authorizes the Institution to disburse multiple loans during the multi-year term of this Note upon the Borrower's request and upon the Institution's determination of the Borrower's loan eligibility.
For more detailed information about any of the topics covered, see your Master Promissory Note (MPN) or your copy of the Borrower’s Rights and Responsibilities Statement.
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 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 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 Twenty Million and no/100 Dollars ($20,000,000.00).
Master Promissory Note means the adjustable promissory note, in the form of Exhibit A-2, delivered to the Escrow Agent pursuant to Section 2.6(e), if any.