Note B Holder definition

Note B Holder means with regards to any B Note, the Initial Note Holder or any subsequent holder of such B Note, as applicable.

Note B Holder means, individually or collectively as the context may require, the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder.

Note B Holder shall have the meaning assigned to such term in the recitals, and any successor in interest, or any subsequent holder of the Note B.

Examples of Note B Holder 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 agrees that the sale of the Senior Notes shall comply with all requirements of the Servicing Agreement and that all costs and expenses related thereto shall be paid by the Note B Holder.

• 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.

More Definitions of Note B Holder

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

Note B Holder shall have the meaning assigned to such term in the introductory paragraph hereof.

Note B Holder means, individually or collectively as the context may require, the Note B-1 Holder, the Note B-2 Holder, the Note B-3 Holder and the Note B-4 Holder. Co-Lender Agreement (Cambridge Crossing – 350 and 000 Xxxxx Xxxxxx)

Note B Holder or “Note-B Holders” means the Initial Note-B Holder and any subsequent holder of any of the B-Notes.

Note B Holder means with respect to (i) Note B-1-EMP and Note B-1-SFC, the Initial Note B-1 Holder and (ii) Note B-2-EMP and Note B-2-SFC, the Initial Note B-2 Holder, or any subsequent holder of such Note.

Note B Holder means the Initial Note B Holder or any subsequent holder of Note B, together with its successors and assigns. “Note B Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance, the Note A-8 Principal Balance and the Note B Principal Balance.

Note B Holder. Any holder of a Note B related to an A/B Whole Loan.