Examples of First Securitization in a sentence
If the First Securitization includes Note A-1, on and after the Securitization Date, the originals of all of the Mortgage Loan Documents (except for the Notes other than Note A-1 and any other Notes included in such First Securitization) shall be transferred to and held in the name of the trustee (and held by a duly appointed custodian therefor) under the Securitization Servicing Agreement, on behalf of the registered holders of the Notes.
Prior to the First Securitization, the originals of all of the Mortgage Loan Documents (except for the Notes) shall be held by a duly appointed custodian of the Initial Agent on behalf of the registered holders of the Notes, and each of the Notes shall be held by its respective Noteholder or a duly appointed custodian of such Noteholder.