B Notes definition
Examples of B Notes in a sentence
Any such amounts paid by the Non-Lead Securitization Note Holders pursuant to this paragraph shall be reimbursed thereto on a pro rata and pari passu basis, in accordance with the unreimbursed portion of such amounts paid by each such Note Holder, prior to any subsequent amounts being paid hereunder in respect of any B Notes.
The Class A Notes and the Class B Notes of any Series shall be issued in minimum denominations of $25,000 and in any whole dollar denomination in excess thereof.
Appraisal Reduction Amounts with respect to the Mortgage Loan shall be allocated, first, to the Components (in Reverse Sequential Order) of the B Notes (on a Pro Rata and Pari Passu Basis), and then to the Components (in Reverse Sequential Order) of the A Notes (on a Pro Rata and Pari Passu Basis).