Examples of Junior Noteholders in a sentence
The Defaulted Mortgage Loan Purchase Price shall be calculated by the Lead Securitization Noteholder (or the Servicer on its behalf) three (3) Business Days prior to the Defaulted Note Purchase Date (and such calculation shall be accompanied by a listing of all amounts included in the Defaulted Mortgage Loan Purchase Price), and shall, absent manifest error, be binding upon the Junior Noteholders.
Each Junior Noteholder acknowledges that the Senior Noteholders do not owe any Junior Noteholder any fiduciary duty with respect to any action taken under the Mortgage Loan Documents and, except as provided herein, need not consult with the Junior Noteholders with respect to any action taken by the Senior Noteholders in connection with the Mortgage Loan.
The Junior Noteholders agree 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 Junior Noteholders.
The Junior Noteholders shall not be required, in order to effect a cure hereunder, to pay any default interest or late charges under the Mortgage Loan Documents.
If there is any conflict between the interests of any Senior Noteholders and any Junior Noteholders, the Note Trustee shall have regard only to the interests of such Senior Noteholders.