WRAP NOTES definition
WRAP NOTES means the collective reference to (A) the promissory notes executed by Affiliate Partnerships payable to the order of Borrower, which evidences Indebtedness that includes the Indebtedness evidenced by the corresponding Underlying Note and is secured by the corresponding Wrap Mortgages and (B) the promissory notes executed by any Person which are held by, or payable to the order of, Borrower and secured by deeds of trust or mortgages securing such Indebtednesses in favor of, or for the benefit of, Borrower or any of its Subsidiaries.