Note B definition

Note B shall have the meaning assigned to such term in the recitals.

Note B means each of Note B-1, Note B-2 and Note B-3.

Note B means, individually or collectively, Note B-1 and Note B-2, as the context may require.

Examples of Note B in a sentence

• Upon the delivery of the Noteholder Purchase Notice to each Senior Note, each Senior Noteholder shall sell (and the Note B Holder shall purchase) the Senior Notes (including, without limitation, any Notes therein) at the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase Date”) not less than ten (10) and not more than thirty (30) days after the date of the Noteholder Purchase Notice, as shall be established by the Lead Securitization Noteholder.

• The Note B Holder acknowledges that the Senior Noteholders do not owe the Note B Holder any fiduciary duty with respect to any action taken under the Mortgage Loan Documents and, except as provided herein, need not consult with the Note B Holder with respect to any action taken by a Senior Noteholder in connection with the Mortgage Loan.

• The Note B Holder expressly and irrevocably waives for itself and any Person claiming through or under the Note B Holder any and all rights that it may have under Section 1315 of the New York Real Property Actions and Proceedings Law or the provisions of any similar law which purports to give a junior loan Noteholder the right to initiate any loan enforcement or foreclosure proceedings.

• The Note B Holder represents and warrants that it is duly organized, validly existing, in good standing and possesses of all licenses and authorizations necessary to carry on its business.

• The Note B Holder acknowledges that it has, independently and without reliance upon the Senior Noteholders, except with respect to the representations and warranties provided by the Senior Noteholders herein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase the Note B and the Note B Holder accepts responsibility therefor.

More Definitions of Note B

Note B means, collectively, Note B-1 and Note B-2.

Note B means that certain Promissory Note (Note B), dated January 24, 2022, as the same may be amended, modified, supplemented extended, restated or replaced, and shall include any replacement promissory notes issued in respect thereof.

Note B means, collectively, (i) those certain notes denominated "Note B" dated concurrently with the original Loan Agreement (or notes denominated Note B dated September 7, 2005, given in substitution for certain of such original notes or replacement notes given in substitution for certain of such notes in accordance with the Escrow Delivery Agreement), executed by Borrower and Original Co-Borrower to the order of the Lender named therein, in the aggregate original principal amount of $41,054.131.05, as the same may be Modified from time to time, and (ii) each Additional Note B. Each Note B shall constitute a "Note" for all purposes under this Agreement and the other Loan Documents.

Note B. As defined in the Introductory Statement.

Note B means those certain notes or note denominated “Note B” dated concurrently with the Loan Agreement, executed by Borrower to the order of the Lender named therein, in the aggregate original principal amount of $55,982,905.98, as the same may be Modified from time to time. Each Note B shall constitute a “Note” for all purposes under this Agreement and the other Loan Documents.

Note B means, collectively, the B Notes.

Note B has the meaning set out in section 2.2;