Controlling Note definition

Controlling Note means Note A-1.

Controlling Note means Note A-3.

Controlling Note means so long as any of the Class A Notes are Outstanding, the Class A Notes (voting together as a single class), if the Class A Notes have been paid in full, the Class B Notes and if the Class B Notes have been paid in full, the Class C Notes.

Examples of Controlling Note in a sentence

• No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other than the Controlling Note Holder).

• The Controlling Note Holder shall be solely responsible for any expenses incurred in connection with any such replacement without cause.

• All actions that are permitted to be taken by the Controlling Note Holder under this Agreement may be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder.

• When exercising its various rights under Section 5 and elsewhere in this Agreement, the Controlling Note Holder may, at its option, in each case, act through the Controlling Note Holder Representative.

• The Controlling Note Holder shall notify the other parties hereto of its termination of the then currently serving Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section 7.

More Definitions of Controlling Note

Controlling Note means:

Controlling Note means Note A-1; provided that if and for so long as the Note A-1 Holder is a Borrower Party, then the Controlling Note shall be the Note with the largest Note Principal Balance with respect to which the related Note Holder is not a Borrower Party.

Controlling Note means Note A-6.

Controlling Note means Note A-2-I.

Controlling Note means as of any date of determination (i) Note B-1, unless a Control Appraisal Period has occurred and is continuing, and (ii) if and for so long as a Control Appraisal Period has occurred and is continuing, Note A-1-1; provided, that if Note B-1 would be the Controlling Note pursuant to the terms hereof, but any interest in Note B-1 is held by the Borrower or a Borrower Restricted Party, or the Borrower or Borrower Restricted Party would otherwise be entitled to exercise the rights of the Controlling Noteholder in respect of Note B-1, then, during such period, Note B-2 shall be the Controlling Note; provided, that if Note B-2 would be the Controlling Note pursuant to the terms hereof, but any interest in Note B-2 is held by the Borrower or a Borrower Restricted Party, or the Borrower or Borrower Restricted Party would otherwise be entitled to exercise the rights of the Controlling Noteholder in respect of Note B-2, then, during such period, Note B-3 shall be the Controlling Note; and provided, further, that if Note B-3 would be the Controlling Note pursuant to the preceding proviso, but any interest in Note B-3 is held by the Borrower or a Borrower Restricted Party, or the Borrower or Borrower Restricted Party would otherwise be entitled to exercise the rights of the Controlling Noteholder in respect of Note B-3, then a Control Appraisal Period shall be deemed to have occurred. Note B-1 is the Controlling Note as of the Closing Date.

Controlling Note means as of any date of determination:

Controlling Note means the Lead Securitization Note.