B Note definition

B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

B Note means Note B.

B Note. With respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related A/B Intercreditor Agreement. There are no B Notes relating to this Agreement.

Examples of B Note in a sentence

• This 6.379% Credit Card Receivables-Backed Class B Note, Series 2023-2 shall be governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein.

• The record date for holders of this 6.379% Credit Card Receivables-Backed Class B Note, Series 2023-2 entitled to receive interest on any Interest Payment Date will be the date that is 15 days prior to the related Interest Payment Date.

• The Issuer Trustee has entered into the Trust Indenture and issued this 6.379% Credit Card Receivables-Backed Class B Note, Series 2023-2 in its capacity as the issuer trustee of the Issuer and not in its personal capacity.

• Subject to the occurrence of an Amortization Event which has not been rescinded or annulled, the aggregate unpaid principal amount of this 6.379% Credit Card Receivables- Backed Class B Note, Series 2023-2 shall be due and payable on the Maturity Date or, after the occurrence of an Amortization Event, on each Transfer Date until paid, in each case, in accordance with the terms of the Trust Indenture.

• The interest payable on each Class B Note on each Interest Payment Date (except for the initial Interest Payment Date) shall be equal to the rate of 6.379% per annum divided by twelve and multiplied by the U.S.$ principal amount of such Class B Note outstanding on such Interest Payment Date prior to the payment of any principal on such Class B Note on such Interest Payment Date.

More Definitions of B Note

B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit 1.01A-2 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

B Note means, each of the Note B-1 and Note B-2.

B Note means the original promissory note, if any, that was executed and delivered in connection with the subordinate portion of a Senior Mortgage Loan.

B Note is defined in Section 2.2 of the Loan Agreement.

B Note means a promissory note of the Borrower payable to the order of any Bank, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Bank resulting from a B Advance made to the Borrower by such Bank.

B Note means each of the Senior B Notes and the Junior B Notes.