Common use of Retained Notes Clause in Contracts

Retained Notes. Those certain Classes, or portions of certain Classes, of Notes which, at the time of their issuance, are held by the beneficial owner of the Ownership Certificate or one of its affiliates. REIT: A real estate investment trust within the meaning of Section 856 of the Code. Securities and Exchange Act: The 1934 Securities and Exchange Act, as amended, including any rules or regulations enacted thereunder.

Appears in 1 contract

Sources: Indenture (First NLC Trust 2005-1)

Retained Notes. Those certain Classes, or portions of certain Classes, of Notes which, at the time of their issuance, that are held by the beneficial owner of the Ownership Certificate Certificateholder or one of its affiliates. REIT: A real estate investment trust within the meaning of Section 856 of the Code. Securities and Exchange Act: The 1934 Securities and Exchange Act, as amended, including any rules or regulations enacted thereunder.

Appears in 1 contract

Sources: Indenture (First NLC Trust 2005-3 Mortgate-Backed Notes, Series 2005-3)