Examples of Note A-1-1 Holder in a sentence
The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1-1 Holder.
The Note A-1-1 Holder (or the Servicer acting on behalf of the Note A-1-1 Holder) shall not have any fiduciary duty to the Non-Controlling Note Holder, the Note B-1 Holder or the Note B-2 Holder in connection with the administration of the Mortgage Loan (but the foregoing shall not relieve the Note A-1-1 Holder from the obligation to make any disbursement of funds as set forth herein).
The originals of all of the Mortgage Loan Documents (other than the Notes) will be held by the Note A-1-1 Holder (or a custodian acting on behalf of the Note A-1-1 Holder) on behalf of the registered holders of the Notes.
All notices and reports (including, without limitation, Asset Status Reports) required to be delivered hereunder by the Note A-1-1 Holder (or the Servicer on its behalf) to the Note B Holder (or its Note B Holder Representative), or by the Note B Holder (or its Note B Holder Representative) to the Note A-1-1 Holder (or the Servicer on its behalf), shall also be delivered by the applicable party to the Note B Holder.
If the Note A-1-1 Holder is the Controlling Noteholder, no Controlling Noteholder Representative shall be appointed and the rights of the Note A-1-1 Holder exercisable by the Controlling Class Representative shall be as set forth in the Servicing Agreement.
The Defaulted Mortgage Loan Purchase Price shall be calculated by the Note A-1-1 Holder (or the Servicer on its behalf) three (3) Business Days prior to the Defaulted Note Purchase Date (and such calculation shall be accompanied by a listing of all amounts included in the Defaulted Mortgage Loan Purchase Price), and shall, absent manifest error, be binding upon the Note B Holder.
Subject to the provisions of Section 5(f) hereof, each Non-Controlling Note Holder, the Note B-1 Holder and the Note B-2 Holder further agrees that only the Note A-1-1 Holder, as a creditor, 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.
The Note A-1-1 Holder (or the Servicer acting on its behalf) shall deposit such amounts to the applicable account within two (2) Business Days after receipt of properly identified funds by the Note A-1-1 Holder (or the Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower.
The right of the Note B Holder to purchase the Senior Notes shall automatically terminate upon a foreclosure sale, sale by power of sale or delivery of a deed in lieu of foreclosure with respect to the Mortgaged Property (and the Note A-1-1 Holder shall give the Note B Holder ten (10) days’ notice of its intent with respect to such action).
Similarly, if the Note A-1-1 Holder is the Controlling Noteholder, the rights of the Non-Lead Securitization Note Holder shall be exercisable by a controlling class representative or directing holder as set forth in the Non-Lead Servicing Agreement.