Non-Lead Securitization Noteholder definition

Non-Lead Securitization Noteholder herein shall mean the Non-Lead Securitization Subordinate Class Representative under the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer) has been given written notice. The Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Lead Securitization Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing Agreement shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”); provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for all purposes of this Agreement. Prior to Securitization of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead Securitization Noteholder Representative, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement. Following Securitization of any Non-Lea...

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

Non-Lead Securitization Noteholder means each Note A Holder other than the Lead Securitization Noteholder.

Examples of Non-Lead Securitization Noteholder in a sentence

• Each Non-Lead Securitization Noteholder shall be provided access to any website that an investor would be permitted to access in accordance with the procedures set forth in the Servicing Agreement, it being understood and agreed that each Non-Lead Securitization Noteholder is subject to any restrictions on the access to such websites contained in the Servicing Agreement.

• Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Securitization Noteholder shall have any interest in any property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be received, then each Non-Lead Securitization Noteholder shall be entitled to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

• The Lead Securitization Noteholder shall not be obligated to make any payment hereunder to any Non-Lead Securitization Noteholder in respect of its respective Non-Lead Securitization Note or otherwise until such Non-Lead Securitization Noteholder shall have furnished to the Lead Securitization Noteholder the requested forms, certificates, statements or documents.

More Definitions of Non-Lead Securitization Noteholder

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

Non-Lead Securitization Noteholder means any Senior Noteholder that is not the Lead Securitization Noteholder.

Non-Lead Securitization Noteholder means, individually or collectively, as the context may require the holder of any Non-Lead Securitization Note.

Non-Lead Securitization Noteholder means the holders of the Note A-2 or Note A-3, as the case may be.

Non-Lead Securitization Noteholder means (x) prior to the CFCRE 2016-C6 Securitization Date, the Noteholder of each Note other than the Noteholder of the first Note or portion thereof contributed to a Securitization, and (y) after the CFCRE 2016-C6 Securitization Date, each of the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-7 Holder, the Note A-8 Holder, the Note A-9 Holder or the Note A-10 Holder, as applicable.

Non-Lead Securitization Noteholder means each holder of a Non-Lead Securitization Note, provided that at any time a Senior Note that is not a Lead Securitization Note

Non-Lead Securitization Noteholder means, individually or collectively as the context requires, the holder of Note A-2 and/or Note A-3.