Examples of Lead Senior Note in a sentence
Upon a Securitization of the Lead Senior Note, the Certificate Administrator shall automatically become and be the Agent.
If a New Note is created out of the Lead Senior Note, the Original Entity shall designate which Note will eligible for “control” during a Control Appraisal Period and the holders of all other New Notes will be treated as “Non-Controlling Senior Noteholders.” If a New Note is created out of the Lead Note, the Lead Senior Noteholder shall designate which Note will be in the Lead Securitization.
If a New Note is created out of the Lead Senior Note, the Original Entity shall designate which Note will eligible for “control” during a Control Appraisal Period and the holders of all other New Notes will be treated as “Non-Controlling Noteholders”.
Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Lead Senior Note, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Senior Notes, Note B and Note C) shall be held by the custodian for the Lead Securitization.
Upon a Securitization of the Lead Senior Note, the Servicer shall automatically become and be the Agent.
Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Lead Senior Note, the originals of all of the Mortgage Loan Documents (other than the Notes not included in such securitization) shall be held by the custodian for the Lead Securitization.
Notwithstanding the to the contrary in this Agreement, upon a Securitization of the Lead Senior Note, the Certificate Administrator shall automatically become and be the Agent.
Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Lead Senior Note, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Senior Note and the Junior Note) shall be held by the Custodian (as defined in the Securitization Servicing Agreement).
If a New Note is created out of the Lead Senior Note, the Original Entity shall designate which Note will eligible for “control” during a Control Appraisal Period and the holders of all other New Notes will be treated as “Non-Controlling Senior Noteholders.
Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Lead Senior Note, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Senior Notes and Note B) shall be held by the custodian for the Lead Securitization.