Trust Notes definition

Trust Notes. As defined in the Introductory Statement.
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Trust Notes means the Series 1 Trust Notes, Series 2 Trust Notes and Series 3 Trust Notes, collectively.
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Trust Notes means the Series 1 Trust Notes, Series 2 Trust Notes and Series 3 Trust Notes, collectively. “Trust Units” means the units of the Trust.
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Examples of Trust Notes in a sentence

  • The ownership of the Trust Notes, all other contents of the Mortgage File and the other assets in the Trust Fund shall be vested in the Trust or the Trustee for the benefit of the Certificateholders and (other than the Trust Notes) the Companion Loan Holders.

  • Thereafter, such Mortgage File shall be held by the holder of the Trust Notes or a custodian appointed thereby for the benefit thereof, on behalf of itself and the Companion Loan Holders as their interests appear under the Co-Lender Agreement.

  • The Trust Notes and the Companion Notes are collectively referred to herein as the “Notes” and, each, as a “Note”.

  • In the event the Servicer or the Special Servicer, or a court of competent jurisdiction in connection with a workout or proposed workout of the Whole Loan, modifies the interest rate applicable to the Whole Loan the aggregate adverse economic effect of the modification (if any) required to be borne by the holders of the Trust Notes pursuant to the Co-Lender Agreement shall be applied to the Certificates, in reverse order of seniority.

  • All portions of the Mortgage File and (to the extent provided under the Mortgage Loan Purchase Agreement) other documents pertaining to the Whole Loan shall be endorsed or assigned to the extent necessary or appropriate to the purchaser of the Mortgage Loan in its capacity as the holder of the Trust Notes (as a result of such purchase, repurchase or substitution) and (except for the original Companion Notes) on behalf of the holders of the Companion Notes.


More Definitions of Trust Notes

Trust Notes means the Trust Notes – Series 2022-A of the Trust, representing a series of junior subordinated unsecured debt obligations, due March 7, 2082.
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Trust Notes means the Trust Notes — Series 2016-A and any other instruments representing subordinated unsecured debt obligations of the Trust as may be issued and outstanding under the Trust Indenture from time to time.
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Trust Notes means promissory notes of the Trust that may be created and issued from time to time that are subordinated and unsecured, have a maturity of five years or less, are pre-payable at any time at the Trust’s option prior to maturity, and pay an annual rate of interest equal to the Canada Five-Year Yield, payable monthly in arrears;
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Trust Notes means the Convertible Junior Subordinated Debentures Due 2029 issued by the Borrower in the original principal amount of the Trust Preferred Stock.
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Trust Notes means all of the Notes in the Lead Securitization.
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Trust Notes. As defined in the Introductory Statement. The Trust Notes within each Note Tranche shall correspond to the Class of Certificates with the same letter designation and with the initial principal balances and Note Rates as set forth below: Senior Trust Notes $437,000,000 Class A 5.89283000% B Notes $191,400,000 Class B 6.34313000% C Notes $192,300,000 Class C 6.96993000% D Notes $94,300,000 Class D 7.93133000%
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Trust Notes. Note A-1-1 $98,920,000 Note A-2-1 $49,460,000 Note A-3-1 $49,460,000 Note A-4-1 $49,460,000 Note B-1 $42,920,000 Note B-2 $21,460,000 Note B-3 $21,460,000 Note B-4 $21,460,000 Note C-1 $46,720,000 Note C-2 $23,360,000 Note C-3 $23,360,000 Note C-4 $23,360,000 Note D-1 $55,200,000 Note D-2 $27,600,000 Note D-3 $27,600,000 Note D-4 $27,600,000 Note E-1 $31,640,000 Note E-2 $15,820,000 Note E-3 $15,820,000 Note E-4 $15,820,000 “Non-Trust Notes” Note A-1-2 $124,600,000 Note A-2-2 $62,300,000 Note A-3-2 $62,300,000 Note A-4-2 $62,300,000 The Whole Loan was co-originated by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Bank, N.A. (“MSBNA”), Bank of Montreal (“BMO”), ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA (“GS Bank”) and JPMorgan Chase Bank, National Association (“JPMCB” and, together with MSBNA, BMO and GS Bank, the “Originators”) pursuant to that certain Loan Agreement, dated as of August 6, 2025 (as amended, modified or otherwise supplemented, the “Loan Agreement”), between SNH Seaport LLC, a Delaware limited liability company, as borrower, and the Originators, as lenders.
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