Senior Noteholder definition
Examples of Senior Noteholder in a sentence
Each Senior Noteholder assumes all risk of loss in connection with its Senior Note except as specifically set forth herein.
Each Senior Noteholder represents and warrants that it is duly organized, validly existing, in good standing and possession of all licenses and authorizations necessary to carry on its business.
Each Senior Noteholder acknowledges that it has, independently and without reliance upon any other Noteholder, except with respect to the representations and warranties provided by such other Noteholders herein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to originate its Senior Note and such Senior Noteholder accepts responsibility therefor.
Each Senior Noteholder represents and warrants that the execution, delivery and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene such Senior Noteholder’s charter or any law or contractual restriction binding upon such Senior Noteholder, and that this Agreement is the legal, valid and binding obligation of such Senior Noteholder enforceable against such Senior Noteholder in accordance with its terms.
The preceding sentence shall not be construed to grant to any Senior Noteholder the benefit of any representation or warranty made by the initial Lead Securitization Noteholder (or the related Securitization mortgage loan seller) or any document delivery obligation imposed on the such Noteholder under any mortgage loan purchase and sale agreement, instrument of transfer or other document or instrument that may be executed or delivered by such Noteholder in connection with the Lead Securitization.