Note A-1 definition
Examples of Note A-1 in a sentence
For so long as the Note A-1 Holder is the Controlling Note Holder and any of the Non-Lead Securitization Notes are included in a Non-Lead Securitization, the “Directing Certificateholder” or other designated party under the Non-Lead Securitization Servicing Agreement shall be the Non-Controlling Note Holder Representative.
The preceding sentence shall not be construed to grant to the Non-Lead Securitization Note Holders the benefit of any representation or warranty made by the Initial Note A-1 Holder or any document delivery obligation imposed on the Initial Note A-1 Holder under any mortgage loan purchase and sale agreement, instrument of transfer or other document or instrument that may be executed or delivered by the Initial Note A-1 Holder in connection with the Lead Securitization.
As of the date hereof and until further notice from the Non-Lead Securitization Note Holder (or the Non-Lead Master Servicer or another party acting on its behalf), each Initial Note Holder (other than the Initial Note A-1 Holder) is a Non-Controlling Note Holder.
Each of the Initial Note A-1 Holder, the Initial Note A-3 Holder, the Initial Note A-5 Holder, the Initial Note A-7 Holder and the Initial Note A-9 Holder hereby notifies each other Note Holder that a Pledge of its related Note has been effected to Bank of Montreal as Note Pledgee as of the date hereof, and each other Note Holder acknowledges receipt of such notice and agrees that such notice satisfies the notice obligation of each such Pledging Note Holder set forth in the immediately preceding sentence.
If the Lead Securitization is not also the Note A-1 Securitization, then on and after the Lead Securitization Date the originals of all of the Mortgage Loan Documents (other than Note A-1 and any other Notes not included in such Lead Securitization) shall be held in the name of the trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing Agreement on behalf of the registered holders of the Notes.