NIM Notes definition

NIM Notes. The notes to be issued pursuant to the Indenture.
NIM Notes. The Insured NIM Notes and the Other NIM Notes.

Examples of NIM Notes in a sentence

  • The Servicer and the Trustee shall have at least 10 days' notice of the issuance of any NIM Notes.

  • Each of the rights of the NIMs Insurer set forth in this agreement shall exist so long as NIM Notes have been issued pursuant to the Indenture remain outstanding that are insured by a NIMs Insurer or the NIMs Insurer is owed amounts in respect of its guarantee of payment on such NIM notes.

  • The Depositor shall notify the Servicer, the Trustee and the Class A Certificate Insurer in writing when NIM Notes are issued with the contact information of the issuer and of the identity and contact information of the NIMs Insurer, if applicable, and when all previously issued NIM Notes are no longer outstanding.


More Definitions of NIM Notes

NIM Notes. The notes to be insured pursuant to the Indenture.
NIM Notes. Net interest margin securities, if any, which are secured by the cash flow on the Class C and/or Class P Certificates.
NIM Notes. Any net interest margin notes issued by an indenture or other special purpose entity pursuant to an Indenture in connection with a NIMS Transaction.
NIM Notes. Any notes issued under an Indenture.
NIM Notes. The notes to be issued pursuant to the Indenture. NIMs Insurer: Any of the one or more insurers, if any, that is guaranteeing certain payments under any NIM Notes; provided, that upon the payment in full of the NIM Notes, all rights of the NIMs Insurer hereunder shall terminate.
NIM Notes. Each class of notes issued pursuant to an indenture, the collateral for which consists of, primarily, the Class C and Class P Certificates.
NIM Notes. Insured NIM Notes and/or the Uninsured NIM Notes, as applicable.