Lead Securitization definition

Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.

Lead Securitization means the Securitization of Note A-1 in a Securitization Trust to be designated by the Initial Note A-1 Holder.

Lead Securitization means (a) during the period from and after the Securitization of any Non-Lead Securitization Note and prior to the Securitization of Note A-1, the Securitization of the first Note or portion thereof, and (b) on and after the Securitization of Note A-1, the Securitization of Note A-1.

Examples of Lead Securitization in a sentence

• The Note Holders hereby agree that, upon the request of the Lead Securitization Note Holder, each Non-Lead Securitization Note Holder shall execute, acknowledge and deliver to the Lead Securitization Note Holder all and every such further deeds, conveyances and instruments as the Lead Securitization Note Holder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant.

• The termination or resignation of such Master Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation of such Master Servicer as Agent under this Agreement, and any successor master servicer shall be deemed to have been automatically appointed as the successor Agent under this Agreement in place thereof without any further notice or other action.

• Each Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) hereby appoints the Lead Securitization Note Holder as its agent, and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of its Note.

• Except for the foregoing reallocation and for modifications pursuant to the Lead Securitization Servicing Agreement (as discussed in Section 5), no Note may be modified or amended without the consent of its holder and the consent of the holder of each other Note.

• Each Note Holder further agrees that only the Lead Securitization Note Holder, and not any Non-Lead Securitization Note Holder, can make any election, give any consent, commence any action or file any motion, claim, obligation, notice or application or take any other action in any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding.

More Definitions of Lead Securitization

Lead Securitization means the Note A-1 Securitization.

Lead Securitization means:

Lead Securitization means the first sale by the Lead Securitization Note Holder of all or a portion of the Lead Securitization Note to a depositor who will in turn include such portion of the Lead Securitization Note as part of the securitization of one or more mortgage loans.

Lead Securitization means the Note A-1 Securitization; provided that, if the Note A-2 Securitization occurs prior to the Note A-1 Securitization Date, then the Note A-2 Securitization shall be the Lead Securitization until the Note A-1 Securitization Date, at which time the Note A-1 Securitization shall be the Lead Securitization.

Lead Securitization means (a) if the First Securitization is also the Note A–2 Securitization, such First Securitization and (b) if the First Securitization is not also the Note A–2 Securitization, then (i) for the period from the Securitization Date until the Note A–2 Securitization Date, the First Securitization and (ii) on and after the Note A–2 Securitization Date, the Note A–2 Securitization.

Lead Securitization means the Securitization in which the Lead Note is deposited.

Lead Securitization shall have the meaning assigned to such term in the recitals of this Agreement.