B Notes definition

B Notes means each of Note B-1, Note B-2, Note B-3 and Note B-4.
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B Notes means each Note that has a designation starting with “B”, either individually or in the aggregate as the context may require.
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B Notes means each of Note B-1, Note B-2 and Note B-3, as further described on the Mortgage Loan Schedule.
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Examples of B Notes in a sentence

  • The B Notes and the rights of the Note B Holders to receive payments of interest, principal and other amounts with respect to such B Note shall at all times be junior, subject and subordinate to each A Note and the right of the Note A Holders to receive payments of interest, principal and other amounts with respect to each Note A as set forth herein.

  • All rights of the Lenders under the Whole Loan will be exercised by the Servicer or the Special Servicer on behalf of the Repurchasing Seller and the Companion Loan Holders to the extent of their respective interest therein (as a collective whole) in accordance with this Agreement, taking into account the interests of each of the holders of the Notes and the subordination of the Trust B Notes to the A Notes.

  • Appraisal Reduction Amounts with respect to the Whole Loan shall be applied, first, to the B Notes, pro rata and pari passu, in each case until notionally reduced to zero, and then, to the A Notes, pro rata and pari passu, in each case until notionally reduced to zero.

  • Notwithstanding anything to the contrary contained herein, in accordance with the Lead Securitization Servicing Agreement, the Lead Securitization Note Holder shall cause the Master Servicer and the Special Servicer to service and administer the Mortgage Loan in accordance with the Accepted Servicing Practices, taking into account the interests of each of the Note Holders as a collective whole (taking into account that the B Notes are junior to the A Notes).


More Definitions of B Notes

B Notes means Note B-1 and Note B-2.
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B Notes. Note B-1-1, Note B-1-2 and Note B-1-3.
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B Notes. As defined in the Introductory Statement.
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B Notes. As defined in the Introductory Statement to this Agreement. The B Notes have an aggregate original principal amount of $191,400,000.
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B Notes means the original executed subordinated note or other evidence of a subordinated interest with respect to a Mortgage Loan or a Mezzanine Loan (to which the applicable representations and warranties in Clause 17.13 (Collateral; Collateral Security) hereof are correct).
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B Notes has the meaning provided in the recitals hereto.
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B Notes means a collective reference to each B Note.
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