Non-Lead Securitization definition

Non-Lead Securitization means any Securitization of a Note in a Securitization Trust other than the Lead Securitization.

Non-Lead Securitization means any Securitization other than the Lead Securitization.

Non-Lead Securitization means the first sale by a Non-Lead Securitization Note Holder of all or a portion of such Non-Lead Securitization Note to a depositor who will in turn include such portion of such Non-Lead Securitization Note as part of the securitization of one or more mortgage loans.

Examples of Non-Lead Securitization in a sentence

• The Note Holders hereby agree that, upon the request of the Lead Securitization Note Holder, each Non-Lead Securitization Note Holder shall execute, acknowledge and deliver to the Lead Securitization Note Holder all and every such further deeds, conveyances and instruments as the Lead Securitization Note Holder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant.

• Each Note Holder further agrees that only the Lead Securitization Note Holder, and not any Non-Lead Securitization Note Holder, can make any election, give any consent, commence any action or file any motion, claim, obligation, notice or application or take any other action in any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding.

• Each Non-Lead Securitization Note Holder acknowledges that the information provided by it to the Lead Securitization Note Holder may be incorporated into the offering documents for the Lead Securitization.

• The Lead Securitization Note Holder and each Rating Agency shall be entitled to rely on the information supplied by, or on behalf of, each Non-Lead Securitization Note Holder.

• Each Non-Lead Securitization Note Holder hereby appoints the Lead Securitization Note Holder as its agent, and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of the related Non-Lead Securitization Note.

More Definitions of Non-Lead Securitization

Non-Lead Securitization means any Securitization of a Non-Lead Securitization Note.

Non-Lead Securitization means, at any time, each Securitization that is not then the Lead Securitization.

Non-Lead Securitization means, with respect to each Non-Lead Securitization Note, the sale by the related Non-Lead Securitization Note Holder of all or a portion of such Non-Lead Securitization Note to a Non-Lead Depositor who will in turn include such portion of such Non-Lead Securitization Note as part of the securitization of one or more mortgage loans.

Non-Lead Securitization means, (i) on and after the Note A-1 Securitization Date, the Note A-2 Securitization, the Note A-3 Securitization, the Note A-4 Securitization, the Note A-5 Securitization or the Note A-6 Securitization, as applicable and (ii) prior to the Note A-1 Securitization Date, any Securitization other than the First Securitization.

Non-Lead Securitization means the Securitization of Note A-2 in a Securitization Trust to be designated by the Initial Note A-2 Holder.

Non-Lead Securitization means the Note A-2 Securitization.

Non-Lead Securitization means the Note A-2 Securitization; provided that, if the Note A-2 Securitization occurs prior to the Note A-1 Securitization, then the Note A-2 Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs, at which time the Note A-2 Securitization shall be the Non-Lead Securitization.