Non-Controlling Note definition

Non-Controlling Note means any Note (other than the Controlling Note), including any New Note designated as a “Non-Controlling Note” hereunder pursuant to Section 32.
Non-Controlling Note means the interest of each Non-Controlling Noteholder in its Note.
Non-Controlling Note means each Note other than Note A-1.

Examples of Non-Controlling Note in a sentence

  • Each Non-Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights and obligations with respect to the Mortgage Loan (with respect to such Note Holder, the “Non-Controlling Note Holder Representative”).

  • All of the provisions relating to the Controlling Note Holder and the Controlling Note Holder Representative set forth in the first paragraph of this Section 6(a) (except those contained in the last sentence thereof) and the second paragraph of this Section 6(a) shall apply to each Non-Controlling Note Holder and its Non-Controlling Note Holder Representative mutatis mutandis.

  • Each Note Holder acknowledges and agrees that any successor special servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated for cause at a Non-Controlling Note Holder’s direction cannot at any time be the person (or an Affiliate thereof) that was so terminated without the prior written consent of such Non-Controlling Note Holder.

  • Each Non-Controlling Note Holder shall be solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable time by the terminated special servicer and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee from amounts on deposit in the Lead Securitization’s “collection account”.

  • If more than one New Note is created hereunder, for purposes of exercising the rights of a Controlling Note Holder or Non-Controlling Note Holder hereunder, the “Controlling Note Holder” or “Non-Controlling Note Holder”, as applicable, shall be as provided in the definitions of such terms in this Agreement; provided that the Controlling Note Holder shall be entitled to designate any New Note created from the existing Controlling Note to be a Non-Controlling Note hereunder.


More Definitions of Non-Controlling Note

Non-Controlling Note means Note A-2.
Non-Controlling Note means any Note that is not the Controlling Note.
Non-Controlling Note means each of Note X-0, Xxxx X-0, Xxxx X-0, Note A-5 and Note A-6 and any New Note designated as a “Non-Controlling Note” hereunder pursuant to Section 33.
Non-Controlling Note means the respective Note held by a Non-Controlling Noteholder.
Non-Controlling Note means each Note other than the Controlling Note.
Non-Controlling Note means any Note other than Note A-1.
Non-Controlling Note means the interest of the Non-Controlling Note Holder in its Note.