Trust A-B Note definition

Trust A-B Note. As defined in the Introductory Statement.
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Examples of Trust A-B Note in a sentence

  • Any Appraisal Reduction Amount with respect to the Whole Loan shall be allocated first, to the Trust A-B Note, up to the full outstanding principal balance thereof, and then, to the Trust A Note and the Non-Trust A Notes, on a pro rata and pari passu basis, based on their respective outstanding principal balances.

  • Any Appraisal Reduction Amount with respect to the Whole Loan shall be allocated first, to Note B-2, up to the full outstanding principal balance thereof, then, to Note B-1, up to the full outstanding principal balance thereof, then, to the Trust A-B Note, up to the full outstanding principal balance thereof, and then, to the Trust A Note and the Non-Trust A Notes, on a pro rata and pari passu basis, based on their respective outstanding principal balances.

  • Any Appraisal Reduction Amount with respect to the Whole Loan shall be allocated first, to Note B, up to the full outstanding principal balance thereof, then, to the Trust A-B Note, up to the full outstanding principal balance thereof, and then, to the Trust A Note and the Non-Trust A Notes, on a pro rata and pari passu basis, based on their respective outstanding principal balances.

  • Any Appraisal Reduction Amount with respect to the Whole Loan shall be allocated first, to the Non-Trust B Note, up to the full outstanding principal balance thereof, then, to the Trust A-B Note, up to the full outstanding principal balance thereof, and then, to the Trust A Note and the Non-Trust A Note, on a pro rata and pari passu basis, based on their respective outstanding principal balances.