Trust B Note definition

Trust B Note. As defined in the Introductory Statement hereto.
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Examples of Trust B Note in a sentence

  • The 000 00xx Xxxxxx XX Trust B Note will have a principal balance as of the close of business on the Cut-Off Date, after giving effect to any payments during or prior to February 2015, whether or not received, of $30,000,000.

  • The Cut-Off Date with respect to the Mortgage Loans and the Linc LIC Trust B Note is December 1, 2014; provided, that for purposes of determining amounts allocable to the related Seller, with respect to any Mortgage Loans not having due dates on the first day of each month, the scheduled payments of principal and/or interest due thereon during December 2014 are deemed to have been due and received on December 1, 2014 rather than the actual date of receipt.

  • The purchase price to be paid by Purchaser for the Mortgage Loans and the Linc LIC Trust B Note shall equal the amount to be set forth as such purchase price in the Xxxx of Sale (substantially in the form of Exhibit 3 hereto), to be entered into between the parties to this Agreement in connection with this Agreement and the issuance of the Certificates (the “Xxxx of Sale”).

  • The Linc LIC Trust B Note will have a principal balance as of the close of business on the Cut-Off Date, after giving effect to any payments during or prior to December 2014, whether or not received, of $96,639,000.

  • The sale of the Mortgage Loans and the Linc LIC Trust B Note shall take place on December 19, 2014 or such other date as shall be mutually acceptable to the parties hereto (the “Closing Date”).

  • The par amount of the Mortgage Loans equal to $562,210,612 and the par amount of the Linc LIC Trust B Note equal to $96,639,000 (in each case, plus accrued interest and subject to certain adjustments pursuant to that certain Memorandum of Understanding dated as of October 29, 2014 and entered into between Seller, Bank of America, National Association and CIBC Inc.).

  • In addition, not later than the 30th day following the Closing Date, Seller shall deliver to the Trustee (or the Custodian on its behalf) each of the remaining documents or instruments specified in Section 2.2 hereof (with such exceptions as are permitted by this Section 2) with respect to each Mortgage Loan and, with respect to the Linc LIC Mortgage Loan, the Linc LIC Trust B Note (each, a “Mortgage File”).

  • Cut-off Trust B Note Balance, as shown on the Final Data File, we recalculated the “Cut-off Trust Loan Amount” of the Trust Loan.

  • Any purchaser, title insurance company or other third party may rely upon a written statement by either the Custodian or the Special Servicer that any particular Mortgage Loan, the Linc LIC Trust B Note or related mortgaged real property in question is subject to and included under this Limited Power of Attorney and the Pooling and Servicing Agreement.

  • The fact that Purchaser has conducted or has failed to conduct any partial or complete examination of the credit files, underwriting documentation or Mortgage Files for the Mortgage Loans and the Linc LIC Trust B Note shall not affect the right of Purchaser or the Trustee to cause Seller to cure any Material Document Defect or Material Breach (each as defined below), or to repurchase or replace the defective Mortgage Loans (or a defective Linc LIC Trust B Note, as applicable) pursuant to Section 5 hereof.

Related to Trust B Note

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Class A Note means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note or a Class A-4 Note.

  • Class B Noteholder means the Person in whose name a Class B Note is registered in the Note Register.

  • Class B Notes means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-2.

  • Class A-4 Note means any of the ___% Asset Backed Notes, Class A-4, issued under the Indenture.

  • B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Class C Note means any one of the Series 2020-1 3.02% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C-1, Exhibit C-2 or Exhibit C-3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

  • Class A-4 Noteholder means the Person in whose name a Class A-4 Note is registered in the Note Register.

  • Class A-3 Note means any of the 1.34% Asset Backed Notes, Class A-3, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • Class B Noteholders Distribution Amount” means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • Class A-3 Noteholder means the Person in whose name a Class A-3 Note is registered on the Note Register.

  • Class A Noteholder means the Person in whose name a Class A Note is registered in the Note Register.

  • Class C Noteholder means the Person in whose name a Class C Note is registered in the Note Register.

  • Class A-1 Note means any of 5.604% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Class A-2-B Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-2-B Notes, issued in accordance with the Indenture.

  • Class B Note Principal Balance means, on any date of determination, an amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class B Noteholders on or prior to such date.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Class C Note Principal Balance means, on any date of determination, an amount equal to (a) the Class C Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class C Noteholders on or prior to such date.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Class D Notes has the meaning assigned to such term in the Indenture.