Note B-2 Holder definition
Examples of Note B-2 Holder in a sentence
With respect to the Initial Note A-2 Holder and the Initial Note B-2 Holder, it is a banking association duly organized, validly existing and in good standing under the laws of the United States of America.
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.
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 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).
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.
A., as Initial Note A-1 Holder and Initial Note B-1 Holder By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Executive Director DEUTSCHE BANK AG, acting through its New York Branch, as Initial Note A-2 Holder and Initial Note B-2 Holder By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: Director By: /s/ ▇▇▇▇▇▇▇ ▇.
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.
Each Note B Holder shall have the right (and if both the Note B-1 Holder and the Note B-2 Holder provide such notice, then such Note B Holders collectively, on a pro rata basis shall have the right), but not the obligation, to cure such Monetary Default during a period ending fifteen (15) Business Days after the later of (A) the delivery of a Monetary Default Notice and (B) the expiration of ▇▇▇▇▇▇▇▇▇’s cure period, if any, to cure such monetary default, and at no other times .
It is hereby acknowledged that such forms have been received by the Servicer as of the date hereof with respect to each of Initial Note B-1 Holder, Initial Note B-2 Holder and Initial Note B-3 Holder.