Non-Controlling Note definition

Non-Controlling Note means any Note (other than the Controlling Note), including any New Note designated as a “Non-Controlling Note” hereunder pursuant to Section 32.

Non-Controlling Note means each Note other than Note A-1.

Non-Controlling Note means the interest of each Non-Controlling Noteholder in its Note.

Examples of Non-Controlling Note in a sentence

• Each Note Holder acknowledges and agrees that any successor special servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated for cause at a Non-Controlling Note Holder’s direction cannot at any time be the person (or an Affiliate thereof) that was so terminated without the prior written consent of such Non-Controlling Note Holder.

• If more than one New Note is created hereunder, for purposes of exercising the rights of a Controlling Note Holder or Non-Controlling Note Holder hereunder, the “Controlling Note Holder” or “Non-Controlling Note Holder”, as applicable, shall be as provided in the definitions of such terms in this Agreement; provided that the Controlling Note Holder shall be entitled to designate any New Note created from the existing Controlling Note to be a Non-Controlling Note hereunder.

• Each Non-Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights and obligations with respect to the Mortgage Loan (with respect to such Note Holder, the “Non-Controlling Note Holder Representative”).

• Each Non-Controlling Note Holder shall provide notice of its identity and contact information (including any change thereof) to the Trustee, Certificate Administrator, the Master Servicer and the Special Servicer under the Lead Securitization; provided, that each Initial Note Holder shall be deemed to have provided such notice on the date hereof.

• The Controlling Note Holder and the Non-Controlling Note Holder acknowledge and agree that any successor special servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated for cause at the Non-Controlling Note Holder’s direction cannot at any time be the person (or an Affiliate thereof) that was so terminated without the prior written consent of the Non-Controlling Note Holder.

More Definitions of Non-Controlling Note

Non-Controlling Note means any Note, other than the Controlling Note, including any New Note designated as a “Non-Controlling Note” hereunder pursuant to Section 31.

Non-Controlling Note means the respective Note held by a Non-Controlling Noteholder.

Non-Controlling Note means Note A-2.

Non-Controlling Note means each of Note X-0, Xxxx X-0, Note A-4 and Note A-5 and any New Note designated as a “Non-Controlling Note” hereunder pursuant to Section 33.

Non-Controlling Note means any Note that is not the Controlling Note.

Non-Controlling Note means Note A-2, or any New Note(s) issued in respect thereof.

Non-Controlling Note means the interest of the Non-Controlling Note Holder in its Note.