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.

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

• Notwithstanding clause (xiv) above, to the extent that the Mortgage Loan Borrower actually pays any assumption fees, such assumption fees otherwise allocable to the Holders instead shall be payable as Additional Servicing Compensation as provided in the Lead Securitization Servicing Agreement.

• The parties hereto agree that, unless otherwise required by appropriate tax authorities, the Lead Securitization Note Holder (or the Trustee (if any) or any other party so designated under the Lead Securitization Servicing Agreement on its behalf) shall file or cause to be filed annual or other necessary returns, reports and other forms consistent with such intended characterization.

• Subject to the terms of the applicable Mortgage Loan Documents, upon the reasonable request of such other Holder, the Lead Securitization Note Holder (or the Servicer on its behalf) shall also promptly deliver to such other Holder, copies of any other documents relating to the Mortgage Loan, including, without limitation, property inspection reports and loan servicing statements.

• The Lead Securitization Note Holder (or the Servicer on its behalf) shall promptly provide the other Holders with copies of each financial statement and other statements and reports delivered to the Lead Securitization Note Holder (or the Servicer on its behalf) pursuant to the terms of the Mortgage Loan Documents.

• If the Lead Securitization Note Holder so requests, the Initial Holder Entity holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified.

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 means (a) if the First Securitization is also the Note A-1-1 Securitization, such First Securitization and (b) if the First Securitization is not also the Note A-1-1 Securitization, then (i) for the period from the closing date of the First Securitization until the Note A-1-1 Securitization Date, the First Securitization and (ii) on and after the Note A-1-1 Securitization Date, the Note A-1-1 Securitization.

Lead Securitization means the Securitization in which the Lead Note is deposited.

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