Non-Lead Securitization Trust definition

Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.
Non-Lead Securitization Trust means any Securitization Trust that holds a Non-Lead Securitization Note.
Non-Lead Securitization Trust means the Securitization Trust that holds the Non-Lead Securitization Note.

Examples of Non-Lead Securitization Trust in a sentence

  • Each of a Non-Lead Master Servicer and a Non-Lead Trustee, as applicable, will only be entitled to reimbursement for a P&I Advance made with respect to the Non-Lead Securitization Note and advance interest thereon that becomes non-recoverable from general collections of the related Non-Lead Securitization Trust, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement.

  • For the avoidance of doubt, no Non-Lead Securitization Note Holder shall be required to use general collections on the other mortgage loans in the related Non-Lead Securitization Trust to reimburse any P&I Advances or any Nonrecoverable Advances that are P&I Advances on the Lead Securitization Note(s) or any interest accrued and payable on such P&I Advances and Nonrecoverable Advances that are P&I Advances.


More Definitions of Non-Lead Securitization Trust

Non-Lead Securitization Trust means each Securitization Trust other than the Lead Securitization Trust.
Non-Lead Securitization Trust means the Securitization Trust into which the applicable Non-Lead Securitization Note is deposited.
Non-Lead Securitization Trust means each Securitization Trust into which a Non-Lead Securitization Note is deposited.
Non-Lead Securitization Trust means a Securitization Trust into which any Non-Controlling Note is deposited.
Non-Lead Securitization Trust means each Securitization Trust that holds a Non-Lead Securitization Note.
Non-Lead Securitization Trust means the trust established pursuant to a Non-Lead Securitization Servicing Agreement in connection with a Non-Lead Securitization.