Examples of Initial Note Holders in a sentence
The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the Initial Note Holders, who may hold their Notes through a nominee.
The Person in whose name a Note Holder is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the Initial Note Holders who may hold their Notes through a nominee.
The servicing fee payable to the Initial Servicer shall be as agreed to by all of the Initial Note Holders and paid out of collection on the Mortgage Loan by each Initial Note Holder on a pro rata basis in accordance with its Pro Rata Share.
The Person in whose name a Note Holder is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the Initial Note Holders, who may hold their Notes through a nominee.
The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the Initial Note Holders, who may hold their respective Notes through a nominee.
The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the Initial Note Holders who may hold their Notes through a nominee.
Upon the Note A-1 Securitization, any proceeds received from the sale of the primary servicing rights with respect to the Mortgage Loan shall be remitted, promptly upon receipt thereof, to the Initial Note Holders on a Pro Rata and Pari Passu Basis.
The Initial Note Holders shall jointly agree on the “primary servicing fee rate” applicable to the Mortgage Loan that is permitted to be netted from payments of interest on each Remittance Date to each Non-Lead Securitization Note Holder.