B Note definition

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.

B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

B Note means Note B.

Examples of B Note in a sentence

Neither the Note A Holders nor any Servicer acting on its behalf shall have any liability to the Note B Holder with respect to the B Note, except with respect to losses actually suffered due to the negligence, willful misconduct or breach of this Agreement on the part of such Note A Holder or the Servicer.
Interest shall accrue on the Class B Shortfall at the Class B Note Rate.
Each B Note and the right of the each Note B Holder to receive payments of interest, principal and other amounts with respect to the each B Note shall at all times be junior, subject and subordinate to each A Note and the right of the related holder to receive payments of interest, principal and other amounts with respect to such A Note, in each case as further described below.
Any transferee, other than the Depositor or an Affiliate thereof, acquiring a Class B Note or an interest therein shall be deemed to have made the representations set forth on the Class B Note (as set forth on Exhibit A-3).
The B Note and the right of the Note B Holder to receive payments with respect to the B Note shall, subject to the provisions of this Agreement, at all times be junior, subject and subordinate to each A Note and the rights of each Note A Holder to receive payments with respect to its respective A Note.

B Note. With respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related A/B Intercreditor Agreement. There are no B Notes relating to this Agreement.

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

B Note means each of Note B-1-1, Note B-1-2, Note B-1-3, Note B-1-4, Note B-1-5, Note B-2-1, Note B-2-2, Note B-2-3, Note B-2-4 and Note B-2-5.

B Note means each of the Senior B Notes and the Junior B Notes.

B Note means Note B-1.

B Note. As defined in the Introductory Statement.