Examples of Junior Notes in a sentence
The Junior Notes and the right of the Junior Note Holders to receive payments with respect to their Junior Notes shall, subject to the provisions of this Agreement, at all times be junior, subject and subordinate to each Senior Note and the rights of each Senior Note Holder to receive payments with respect to its respective Senior Note.
The Junior Notes and the right of each Holder of a Junior Note to receive payments with respect to its respective Junior Note shall, subject to the provisions of this Agreement, at all times be junior, subject and subordinate to each Senior Note and the rights of each Holder of a Senior Note to receive payments with respect to its respective Senior Note.
Notwithstanding anything to the contrary contained herein, in accordance with the Lead Securitization Servicing Agreement, the Lead Securitization Note Holder shall cause the Master Servicer and the Special Servicer to service and administer the Mortgage Loan in accordance with Accepted Servicing Practices, taking into account the interests of each of the Note Holders as a collective whole and taking into account the subordinate nature of the Junior Notes.
CDS and the applicable Intermediaries shall then make delivery of the New Second Lien Notes and the New Junior Notes to the ultimate beneficial recipients thereof entitled to receive the New Second Lien Notes and the New Junior Notes pursuant to this Plan pursuant to standing instructions and customary practices of CDS and such Intermediaries.
Any payments that would otherwise have been due during the Standstill Period (other than payments of interest and Additional Amounts, if any, on the Junior Notes) will not become due until after the end of such Standstill Period.