Lead Securitization definition

Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.

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Lead Securitization means the Securitization of Note A-1 in a Securitization Trust to be designated by the Initial Note A-1 Holder.

Lead Securitization means (a) during the period from and after the Securitization of any Non-Lead Securitization Note and prior to the Securitization of Note A-1, the Securitization of the first Note or portion thereof, and (b) on and after the Securitization of Note A-1, the Securitization of Note A-1.

Examples of Lead Securitization in a sentence

The Note Holders agree to be bound by the terms of the Lead Securitization Servicing Agreement.
The Non-Lead Securitization Note Holder hereby appoints the Lead Securitization Note Holder as its agent, and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of the Non-Lead Securitization Note.
All rights and obligations of the Lead Securitization Note Holder described hereunder may be exercised by the Master Servicer, the Special Servicer, the Certificate Administrator and/or the Trustee on behalf of the Lead Securitization Note Holder.
Subject to the terms of the Lead Securitization Servicing Agreement, each of the Controlling Note Holder, the Controlling Note Holder Representative, the Non-Controlling Note Holder and the Non-Controlling Note Holder Representative shall be permitted to submit an offer at any sale of the Mortgage Loan unless such Person is the Mortgage Loan Borrower or an agent or Affiliate of the Mortgage Loan Borrower.
Each Note Holder hereby acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Mortgage Loan, to sell the Notes as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement.

More Definitions of Lead Securitization

Lead Securitization means the Note A-1 Securitization.

Lead Securitization means:

Lead Securitization means the first sale by the Lead Securitization Note Holder of all or a portion of the Lead Securitization Note to a depositor who will in turn include such portion of the Lead Securitization Note as part of the securitization of one or more mortgage loans.

Lead Securitization means the Securitization of Note A-1 in a Securitization Trust to be designated by the Initial Note A-1 Holder; provided that, in the event that the Other Note Securitization occurs prior to the Note A-1 Securitization, the “Lead Securitization” shall mean, solely during the period commencing from the Other Note Securitization Date and ending on the Note A-1 Securitization Date, the Other Note Securitization.

Lead Securitization shall have the meaning assigned to such term in the recitals of this Agreement.

Lead Securitization means (a) if the First Securitization is also the Note A–2 Securitization, such First Securitization and (b) if the First Securitization is not also the Note A–2 Securitization, then (i) for the period from the Securitization Date until the Note A–2 Securitization Date, the First Securitization and (ii) on and after the Note A–2 Securitization Date, the Note A–2 Securitization.

Lead Securitization means the Note A-1 Securitization; provided that, if the Note A-2 Securitization occurs prior to the Note A-1 Securitization, then the Note A-2 Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs, at which time the Note A-1 Securitization shall be the Lead Securitization.