Examples of Note B-1 Holder in a sentence
The Note B-1 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 (3) Business Days after receiving the second Monetary Default Notice (the “Cure Period”) and at no other times.
The Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing) shall not be required, in order to effect a cure hereunder, to pay any default interest or late charges under the Loan Documents.
Xxx Title: Executive Director DEUTSCHE BANK AG, ACTING THROUGH ITS NEW YORK BRANCH, as Note A-2 Holder By: /s/ Xxxxxxx Xxxxxxxx Name: Xxxxxxx Xxxxxxxx Title: Director By: /s/ Xxxx Xxxxx Name: Xxxx Xxxxx Title: Director JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Initial Note B-1 Holder By: /s/ Xxxxxxx X.
Subject to the provisions of Section 5(f) hereof, each Non-Controlling Note Holder, the Note B-1 Holder and the Note B-2 Holder further agrees that only the Note A-1-1 Holder, as a creditor, 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.
JPM and Deutsche Bank desire to enter into this Agreement to memorialize the terms under which the Initial Note A-1 Holder, the Note A-2 Holder, the Initial Note B-1 Holder and the Note B-2 Holder are holding each of their respective Notes in the Mortgage Loan.
The Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing) (or its Note B Holder Representative), at its expense (including, without limitation, the reasonable costs and expenses of counsel to any third parties and costs and expenses of the terminated Special Servicer), shall have the right to appoint the Special Servicer with respect to the Mortgage Loan.
The Note A-1-1 Holder (or the Servicer acting on behalf of the Note A-1-1 Holder) shall not have any fiduciary duty to the Non-Controlling Note Holder, the Note B-1 Holder or the Note B-2 Holder in connection with the administration of the Mortgage Loan (but the foregoing shall not relieve the Note A-1-1 Holder from the obligation to make any disbursement of funds as set forth herein).
Each Non-Controlling Note Holder, the Note B-1 Holder and the Note B-2 Holder in its capacity as such, hereby agrees that, upon the request of the Note A-1-1 Holder, such Non-Controlling Note Holder, Note B-1 Holder or Note B-2 Holder, as applicable, shall execute, acknowledge and deliver to the Note A-1-1 Holder all and every such further deeds, conveyances and instruments as the Note A-1-1 Holder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant.
The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the Initial Note A-1 Holder, Deutsche Bank AG, acting through its New York Branch, as Note A-2 Holder, Initial Note B-1 Holder and Deutsche Bank AG, acting through its New York Branch, as Note B-2 Holder who may hold their Notes through a nominee.
As of the date hereof, the Note B-1 Holder and the Note B-2 Holder hereby designate the Note B-1 Holder as the representative to exercise all of the rights of the Note B Holders pursuant to this Section 19, until such time as the Note B Holders shall notify the other Noteholders in writing.