Note B Holder definition

Note B Holder means with regards to any B Note, the related Initial Note Holder or any subsequent holder of such B Note, as applicable.

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Note B Holder means, individually or collectively as the context may require, the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder.

Note B Holder shall have the meaning assigned to such term in the recitals, and any successor in interest, or any subsequent holder of the Note B.

Examples of Note B Holder in a sentence

• Subject to the provisions of Section 5(f) hereof, each Non-Controlling Note Holder and the Note B Holder further agrees that only the Note A-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.

• The Note B Holder agrees that the sale of the Senior Notes shall comply with all requirements of the Servicing Agreement and that all costs and expenses related thereto shall be paid by the Note B Holder.

• For avoidance of doubt, if the Note B Holder elects to exercise its right to purchase a Note pursuant to this Section 12, it must purchase each Senior Note.

• The Note B Holder shall not have any obligation whatsoever to purchase from such Senior Note Holder a Note interest in any future loans originated by such Senior Note Holder or their Affiliates.

• Upon the delivery of the Noteholder Purchase Notice to each Senior Note, each Senior Note Holder shall sell (and the Note B Holder shall purchase) the Senior Notes (including, without limitation, any Notes therein) at the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase Date”) not less than ten (10) and not more than thirty (30) days after the date of the Noteholder Purchase Notice, as shall be established by the Note A-1 Holder.

More Definitions of Note B Holder

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

Note B Holder means the Noteholder of the B Note.

Note B Holder shall have the meaning assigned to such term in the introductory paragraph hereof.

Note B Holder or “Note-B Holders” means the Initial Note-B Holder and any subsequent holder of any of the B-Notes.

Note B Holder means with respect to (i) Note B-1-EMP and Note B-1-SFC, the Initial Note B-1 Holder and (ii) Note B-2-EMP and Note B-2-SFC, the Initial Note B-2 Holder, or any subsequent holder of such Note.

Note B Holder means the Initial Note B Holder or any subsequent holder of Note B, together with its successors and assigns. “Note B Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance, the Note A-8 Principal Balance and the Note B Principal Balance.

Note B Holder. Any holder of a Note B related to an A/B Whole Loan.