He who believes in him is not judged. He who doesn't believe has been judged already, because he has not believed in the name of the one and only Son of God.
Only begotten ... from the aspect of the Father expresses the unique relationship between the Father and the Son; and from the human viewpoint, this pinpoints the singleness of mortal hope in the fact that there is none other name under heaven given among men whereby we must be saved.