Securitized Notes definition
Securitized Notes shall have the meaning set forth in Section 4.21.
Securitized Notes means any and all the individual notes which from time to time are held by the Grantor Trust. Securitized Note Schedule as defined in Section 6.2.15. Securitized Property and Securitized Properties shall mean from time to time each real estate property, together with all improvements, fixtures, equipment, and personalty relating to such property which secures any Securitized Note, with the Securitized Properties as of the date hereof being listed on Exhibit O hereto. Security Documents shall mean, collectively, the NMLP Security Documents and the T-Two Security Documents. Servicer presently Midland Loan Services, Inc., shall have the meaning provided in the Grantor Trust Agreement. Shortfall Amount shall mean, with respect to any sale, transfer, refinance or other disposition of a Securitized Property which is owned by a NMLP Partnership which results in a discharge or release of the applicable Securitized Mortgage on such Securitized Property, the excess (if any) of (a) the aggregate Allocated Payment Amounts for such Securitized Property(ies), over (b) the aggregate of (i) all applicable T-Two Mandatory Principal Prepayments received by the Administrative Agent under Section 2.3.8(c) with respect to such Securitized Properties (including the payment made or to be made as a result of the subject transaction), plus (ii) all NMLP Mandatory Principal Prepayments received by the Administrative Agent with respect to any Securitized Property which secures such Securitized Note (excluding the payment made or to be made as a result of the subject transaction). Single-Purpose Entity shall mean, with respect to a Person, that such Person has Formation Documents which contain generally the following provisions (with such variations as required by the provisions of the First Mortgage Debt), and has agreed to abide by such terms and conditions:
Securitized Notes means the individual notes for each applicable Net Lease Partnership held by the Grantor Trust.
Examples of Securitized Notes in a sentence
A first priority pledge and collateral assignment granted by T-Two to the Administrative Agent, on behalf of the Lenders, of all of T-Two’s right, title, and interest to and in the Grantor Trust, the Securitized Notes, the Securitized Mortgages and the other Securitization Documents.
A first priority pledge and collateral assignment granted by T-Two to the Agent, on behalf of the Lenders, of all of T-Two's right, title, and interest to and in the Grantor Trust, the Securitized Notes, the Securitized Mortgages and the other Securitization Documents.
In connection with the obligation of the Master Servicer to make P&I Advances with respect to the Fashion Show Mall Securitized Notes following a monetary event default or other material event of default under the related Mortgage Loan, the Master Servicer shall make such P&I Advances in an amount equal to the entire scheduled delinquent Monthly Payment or Assumed Monthly Payment due or deemed due, as the case may be, with respect to the Fashion Show Mall Securitized Notes.
More Definitions of Securitized Notes
Securitized Notes means any and all the individual notes which from time to time are held by the "Grantor Trust" established by that certain Second Amended and Restated Grantor Trust Agreement dated April 1, 1999 among and between NK-CR T1 Seller LLC, T-Two Partners, L.P., Midland Loan Services, Inc., and LaSalle National Bank, all as provided therein, as amended by that certain Amendment No. 1 To Second Amended and Restated Grantor Trust Agreement dated as of November 24, 2003, as same may be amended, modified, supplemented, or replaced from time to time.
Securitized Notes means any and all the individual notes which from time to time are held by the Newkirk Grantor Trust.
Securitized Notes means any and all the individual notes which from time to time are held by the Grantor Trust. Securitized Property and Securitized Properties shall mean from time to time each real estate property, together with all improvements, fixtures, equipment, and personalty relating to such property which secures any Securitized Note, with the Securitized Properties as of the date hereof being listed on Exhibit N hereto. Security Documents shall mean, collectively, the NMLP Security Documents and the T-Two Security Documents. Servicer presently Midland Loan Services, Inc., shall have the meaning provided in the Grantor Trust Agreement. Shortfall Amount shall mean, with respect to any sale, transfer, refinance or other disposition of a Securitized Property which is owned by a NMLP Partnership which results in a discharge or release of the applicable Securitized Mortgage on such Securitized Property, the excess (if any) of (a) the Allocated Payment Amount for the Securitized Note secured by such Securitized Property, over (b) the aggregate of (i) all applicable T-Two Mandatory Principal Prepayments received by the Agent under Section 2.3.8(iii)(a) with respect to such Securitized Note (including the payment made or to be made as a result of the subject transaction), plus (ii) all NMLP Mandatory Principal Prepayments received by the Agent with respect to any Securitized Property which secures such Securitized Note (excluding the payment made or to be made as a result of the subject transaction).