Junior Note definition

Junior Note shall have the meaning assigned to such term in the recitals.

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Junior Note means Note B.

Junior Note has the meaning provided in the Recitals hereto.

Examples of Junior Note in a sentence

The originals of all of the Mortgage Loan Documents (other than the Junior Note) shall be held by the Lead Securitization Noteholder (or a custodian acting on behalf of the Lead Securitization Noteholder) on behalf of the registered holders of the Notes.
The Junior Note shall not be deemed to be a security within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.
None of the provisions of this Section 19(a) shall apply in the case of (i) a sale of the Junior Note in accordance with the terms and conditions of the Securitization Servicing Agreement or (ii) any issuance of certificates in connection with any Securitization or any sale of such certificates.
If the Junior Note is held by more than one Junior Noteholder at any time, the holders of a majority of the Principal Balance of the Junior Note shall immediately appoint a representative to exercise all rights of the Junior Note hereunder.
The Lead Securitization Noteholder (including any Servicer) shall have no liability to the Junior Noteholder with respect to the Junior Note except with respect to losses actually suffered due to the gross negligence, willful misconduct or breach of this Agreement on the part of the Lead Securitization Noteholder.

More Definitions of Junior Note

Junior Note means the promissory note, dated March , 2009, from the Borrowers, as makers, to the Junior Creditor, as payee, in the original principal amount of $2,000,000.00, as the same may be amended, renewed, restated, consolidated, replaced and otherwise modified from time to time.

Junior Note means the Mezzanine A Note, the Mezzanine B Note and the Mezzanine C Note, individually or collectively as the context may require.

Junior Note means Note B and/or Note C, as the context may require.

Junior Note means each Note issued by the Owner to the Junior Purchasers pursuant to Section 2(a)(i) of the Note Purchase Agreement and any such Note issued in exchange or replacement therefor pursuant to Section 14(d) or 14(e) of the Note Purchase Agreement.

Junior Note means each Note issued by the Owner to the Junior Loan Participants pursuant to Section 2(a)(i) of the Facility Agreement and any such Note issued in exchange or replacement therefor pursuant to Section 14(d) or 14(e) of the Facility Agreement.

Junior Note means a promissory note of the Company payable to any Junior Loan Lender or its registered assigns, in substantially the form of Exhibit A-2 hereto, evidencing the aggregate Debt of the Company to such Junior Loan Lender resulting from the Junior Loans deemed made by such Junior Loan Lender.

Junior Note means the Junior Promissory Note dated the Closing Date from the Borrower, including all riders and addenda thereto, evidencing the Borrower’s obligation to repay the Junior Loan, as the same may be amended, supplemented or restated from time to time, which Junior Promissory Note will be delivered to the Issuer and endorsed by the Issuer to the Trustee.