B Notes definition

B Notes means each of Note B-1, Note B-2, Note B-3 and Note B-4.

B Notes means each Note that has a designation starting with “B”, either individually or in the aggregate as the context may require.

B Notes means each of Note B-1, Note B-2 and Note B-3, as further described on the Mortgage Loan Schedule.

Examples of B Notes in a sentence

• Interest on the Class B Notes shall accrue at the Class B Rate and shall be computed on the basis of the actual number of days in the related Interest Accrual Period divided by 360.

• So long as any Class B Notes are Outstanding, any more junior Class of Notes and the Preferred Shares will receive payments only in accordance with the Priority of Payments.

• The Class B Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.

• The Indenture Trustee shall upon receipt of the Issuer Order authenticate and deliver the Class A Notes for original issue in an aggregate principal amount of $223,080,000, Class B Notes for original issue in the aggregate principal amount of $65,780,000 and Class C Notes for original issue in the aggregate principal amount of $111,140,000.

• The Class A Notes, Class B Notes and Class C outstanding at any time may not exceed such amounts.

More Definitions of B Notes

B Notes means Note B-1 and Note B-2.

B Notes. As defined in the Introductory Statement.

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).

B Notes has the meaning provided in the recitals hereto.

B Notes means a collective reference to each B Note.

B Notes means the Issuer’s Series 299 EUR 16,300,000 Class B Pass Through Notes due 2017 Linked to FORCE 2005-1 Limited Partnership, EUR 46,700,000 Class E1 Floating Rate Promissory Notes due 2017. Purchasers of the Notes should conduct such independent investigation and analysis regarding the Collateral and the Collateral issuer as they deem appropriate to evaluate the merits and risks of an investment in the Notes. All amounts received by the Custodian on behalf of the Issuer in respect of the Collateral in accordance with the terms thereof shall be deposited in the Deposit Account and shall be paid to Noteholders in accordance with the Priority of Payments (as defined below) on the next Interest Payment Date, next Repayment Date or, as the case may be the Maturity Date or the Mandatory Redemption Date. The Custodian shall maintain the Deposit Account (the “Deposit Account”) with Deutsche Bank AG, London Branch (the “Deposit Bank”) on the terms that amounts standing to the credit of the Deposit Accountshall earn the rates of interest prevailing from time to time for time-deposits with such terms as shall be selected in the absolute discretion of the Custodian. For the avoidance of doubt, amounts credited to the Deposit Account shall begin to accrue interest on the fourth Business Day following such credit. (2) Condition 4.5(A) (Replacement of Collateral) will not apply to the Notes. (3) Condition 4.5(B) (Substitution of Collateral) will not apply to the Notes. The Trust Instrument provides that the Trustee will be deemed to release the security over the Collateral (or the relevant part thereof, including any amounts held by the Custodian in the Deposit Account) to the extent required, inter alia, to make payments by the Issuer to Noteholders in respect of principal or interest in accordance with the Terms and the Conditions of the Notes, including the Priority of Payments. (4) The Trust Instrument provides that the Trustee will be deemed to release from the security created by the Trust Instrument the Collateral (or, as the case may be, a proportion of the Collateral) if any Notes are to be purchased by the Issuer pursuant to Condition 8.5 (as amended by paragraph 30 below), to enable the Collateral (or the relevant part thereof) to be sold in accordance with Condition 8.5 (as amended). (5) The Trustee shall apply all moneys received by it under the Trust Instrument in connection with the realisation or enforcement of the security constituted by or pursuant to t...

B Notes means a Mortgage Investment that is a participation or interest in a syndicated mortgage and which is subordinated to a senior participant in the same whole loan.