Underlying Note definition

Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

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Underlying Note means one or more promissory notes, if any, executed by an Obligor evidencing a Collateral Loan.

Underlying Note. One or more promissory notes executed by the applicable Obligor evidencing a Collateral Obligation.

Examples of Underlying Note in a sentence

• Nothing in any such transfer document or assignment agreement (or, in the case of any Underlying Note, nothing in such chain of endorsement) shall be deemed to impair the sales, conveyances and transfers of the Loans by the Seller to the Purchaser in accordance with the terms of this Agreement.

• The Seller and the Purchaser acknowledge and agree that, solely for administrative convenience, any transfer document or assignment agreement (or, in the case of any Underlying Note, any chain of endorsement) required to be executed and delivered in connection with the transfer of a Loan in accordance with the terms of related Underlying Instruments may reflect that the Seller (or any third party from whom the Seller or the Purchaser may purchase a Loan) is assigning such Loan directly to the Purchaser.

More Definitions of Underlying Note

Underlying Note means the promissory note of an Obligor evidencing a Loan.

Underlying Note. The promissory note of an Obligor evidencing a Loan.

Underlying Note. One or more promissory notes executed by the applicable Obligor evidencing a Loan.

Underlying Note. With respect to any Commercial Real Estate Loan, the promissory note or other evidence of indebtedness or agreements evidencing the indebtedness of an Obligor under such Commercial Real Estate Loan.

Underlying Note. Each promissory note (if any) of an Obligor evidencing a Loan.

Underlying Note. With respect to any Mortgage Loan, the promissory note or other evidence of indebtedness or agreements evidencing the indebtedness of an Obligor under such Mortgage Loan.

Underlying Note. With respect to a Loan (other than a Noteless Loan or a Participation), the promissory note of an Obligor evidencing such Loan.