Non-Lead Securitization means any Securitization of a Note in a Securitization Trust other than the Lead Securitization.

Non-Lead Securitization means any Securitization other than the Lead Securitization.

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

Examples of Non-Lead Securitization in a sentence

Subject to the terms of the Servicing Agreement, each of the Controlling Noteholder, the Controlling Class Representative, each Non‑Controlling Noteholder (or any controlling class representative or directing holder on its behalf under a related Non‑Lead Securitization Servicing Agreement) shall be permitted to bid at any sale of the Senior Notes unless such Person is the Mortgage Loan Borrower, a Mortgage Loan Borrower Related Party or an agent of any of the foregoing.
After the Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Non‑Lead Securitization Notes and Note B) will be transferred to the Lead Securitization Noteholder (or a custodian acting on behalf of the Lead Securitization Noteholder).
At the time a payment is made to cure a Monetary Default, the Controlling Noteholder shall pay or reimburse the Lead Securitization Noteholder for all unreimbursed Advances (whether or not recoverable with respect to the Senior Notes, including principal and interest advances made with respect to Senior Notes under any Non‑Lead Securitization Servicing Agreement), Advance Interest Amounts, any unpaid fees to any Servicer and any Additional Servicing Expenses.

More Definitions of Non-Lead Securitization

Non-Lead Securitization means any Securitization of a Non-Lead Securitization Note.

Non-Lead Securitization means, at any time, each Securitization that is not then the Lead Securitization.

Non-Lead Securitization means the sale of all or a portion of any Non-Standalone Note to a depositor, who will in turn include such Note as part of the related Non-Lead Securitization of one or more other mortgage loans.

Non-Lead Securitization means, (i) on and after the Note A-1 Securitization Date, the Note A-2 Securitization, the Note A-3 Securitization, the Note A-4 Securitization, the Note A-5 Securitization or the Note A-6 Securitization, as applicable and (ii) prior to the Note A-1 Securitization Date, any Securitization other than the First Securitization.

Non-Lead Securitization means the Securitization of Note A-2 in a Securitization Trust to be designated by the Initial Note A-2 Holder.

Non-Lead Securitization means the Note A-2 Securitization.

Non-Lead Securitization means the Note A-2 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-2 Securitization shall be the Non-Lead Securitization.