Non-Lead Securitization definition

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

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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

• Such Non-Lead Securitization Note Holder’s obligations under this Section 8 constitute absolute, unconditional and continuing obligations.

• The Note Holders hereby agree that, upon the request of the Lead Securitization Note Holder, the Non-Lead Securitization Note Holder shall execute, acknowledge and deliver to the Lead Securitization Note Holder all and every such further deeds, conveyances and instruments as the Lead Securitization Note Holder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant.

• Each Note Holder further agrees that only the Lead Securitization Note Holder, and not the Non-Lead Securitization Note Holder, can make any election, give any consent, commence any action or file any motion, claim, obligation, notice or application or take any other action in any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding.

• The Lead Securitization Note Holder, at the Non-Lead Securitization Note Holder’s sole cost and expense, will reasonably cooperate with the Non-Lead Securitization Note Holder by providing all information reasonably requested that is in the Lead Securitization Note Holder’s possession in connection with such Non-Lead Securitization Note Holder’s preparation of disclosure materials in connection with a Securitization.

• The Non-Lead Securitization Note Holder shall have no obligation whatsoever to purchase from the Lead Securitization Note Holder a participation interest in any future loans originated by the Lead Securitization Note Holder or its Affiliates.

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, (i) on and after the Note A-1 Securitization Date, the Note A-2 Securitization and (ii) prior to the Note A-1 Securitization Date, any Securitization other than the First 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 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, (i) on and after the Note A-2 Securitization Date, the Note A-1 Securitization, the Note A-3 Securitization, the Note A-4 Securitization, the Note A-5 Securitization, the Note A-6 Securitization, the Note A-7 Securitization, the Note A-8 Securitization, the Note A-9 Securitization and the Note A-10 Securitization, as applicable and (ii) prior to the Note A-2 Securitization Date, any Securitization other than the First Securitization.