NIM Notes definition

NIM Notes. The notes to be issued pursuant to the Indenture.

NIM Notes. The Insured NIM Notes and the Other NIM Notes.

NIM Notes. The net interest margin or excess cashflow securities to be issued pursuant to any Indenture.

Examples of NIM Notes in a sentence

• The Servicer and the Trustee shall have at least 10 days' notice of the issuance of any NIM Notes.

• Each of the rights of the NIMs Insurer set forth in this agreement shall exist so long as the NIM Notes issued pursuant to the Indenture remain outstanding or the NIMs Insurer is owed amounts in respect of its guarantee of payment on such NIM notes.

• The Depositor shall notify the Servicer and the Trustee if and when any NIM Notes are issued and when such NIM Notes are no longer outstanding.

• The Depositor shall notify the Servicer and the Trustee in writing when NIM Notes are issued and of the identity of the NIMs Insurer, if applicable, and when all previously issued NIM Notes are no longer outstanding.

• Thereafter, the NIMS Insurer shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto, and shall be subject to and have the right to enforce the provisions of this Agreement so long as the NIM Notes remaining outstanding or the NIMS Insurer is owed amounts in respect of its guarantee of payment of such NIM Notes.

More Definitions of NIM Notes

NIM Notes. The notes to be insured pursuant to the Indenture.

NIM Notes. Net interest margin securities, if any, which are secured by the cash flow on the Class C and/or Class P Certificates.

NIM Notes. Any net interest margin notes issued by an indenture or other special purpose entity pursuant to an Indenture in connection with a NIMS Transaction.

NIM Notes. The notes to be issued pursuant to the Indenture. NIMs Insurer: Any of the one or more insurers, if any, that is guaranteeing certain payments under any NIM Notes; provided, that upon the payment in full of the NIM Notes, all rights of the NIMs Insurer hereunder shall terminate.

NIM Notes. Any notes issued under an Indenture.

NIM Notes. Each class of notes issued pursuant to an indenture, the collateral for which consists of, primarily, the Class C and Class P Certificates.

NIM Notes. Not applicable.