Note B definition

Note B shall have the meaning assigned to such term in the recitals.

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Note B means each of Note B-1, Note B-2 and Note B-3.

Note B means, individually or collectively, Note B-1 and Note B-2, as the context may require.

Examples of Note B in a sentence

• The Note A-1 Holder shall not be obligated to make any payment hereunder to the Note B Holder in respect of the Note B or otherwise until the Note B Holder shall have furnished to the Note A-1 Holder the requested forms, certificates, statements or documents.

• The B Notes and the rights of the Note B Holders to receive payments of interest, principal and other amounts with respect to such B Note shall at all times be junior, subject and subordinate to each A Note and the right of the Note A Holders to receive payments of interest, principal and other amounts with respect to each Note A as set forth herein.

• The Note B Holder acknowledges that each Senior Note Holder may elect, in its sole discretion, to include the related Senior Note in a Securitization and agrees that it will, subject to Section 24, reasonably cooperate with such Holder, at such Senior Note Holder’s sole cost and expense, to effect such Securitization.

• The Note A-1 Holder shall provide the Non-Controlling Note Holders and Note B Holder with a reasonable opportunity to review and comment on any replacement Servicing Agreement, and the Note B Holder agrees to reasonably negotiate the final terms of such servicing agreement as promptly as reasonably possible upon receipt of any proposed revisions.

• The Note B Holder (unless a Control Appraisal Period has occurred and is continuing) shall have the right, but not the obligation, to cure such Monetary Default after receiving the first Monetary Default Notice and until the period ending five (5) Business Days after receiving the second Monetary Default Notice (the “Cure Period”) and at no other times.

More Definitions of Note B

Note B means the Note bearing the designation “B”

Note B means that certain Promissory Note (Note B), dated January 24, 2022, as the same may be amended, modified, supplemented extended, restated or replaced, and shall include any replacement promissory notes issued in respect thereof.

Note B means, collectively, the B Notes.

Note B means, collectively, (a) those certain notes or note denominated “Note B” dated concurrently with the Loan Agreement, executed by Borrower to the order of the Lender named therein, in the aggregate original principal amount of $142,642,777.30, as the same may be Modified from time to time and (b) those certain notes or note denominated “Note B” dated concurrently with the Loan Agreement, executed by the Westwood Place Borrower to the order of the Lender named therein, in the aggregate original principal amount of $15,975,456.31, as the same may be Modified from time to time. Each Note B shall constitute a “Note” for all purposes under this Agreement and the other Loan Documents.

Note B. As defined in the Introductory Statement.

Note B means those certain notes or note denominated “Note B” dated concurrently with the Loan Agreement, executed by Borrower to the order of the Lender named therein, in the aggregate original principal amount of $97,037,037.04, as the same may be Modified from time to time. Each Note B shall constitute a “Note” for all purposes under this Agreement and the other Loan Documents.

Note B has the meaning set out in section 2.2;