Lead Securitization definition

Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.

Lead Securitization means the Securitization of Note A-1 in a Securitization Trust to be designated by the Initial Note A-1 Holder.

Lead Securitization means (a) during the period from and after the Securitization of any Non-Lead Securitization Note and prior to the Securitization of Note A-1, the Securitization of the first Note or portion thereof, and (b) on and after the Securitization of Note A-1, the Securitization of Note A-1.

Examples of Lead Securitization in a sentence

• The Note Holders agree to be bound by the terms of the Lead Securitization Servicing Agreement.

• The Controlling Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling Note Holder Representative in accordance with the terms of the Lead Securitization Servicing Agreement.

• Subject to the terms of the Lead Securitization Servicing Agreement, the Controlling Note Holder (or its Controlling Note Holder Representative) shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a replacement Special Servicer in lieu thereof.

• Each Note Holder agrees that the provisions of this paragraph shall be effected by compliance with any REMIC provisions in the Lead Securitization Servicing Agreement relating to the administration of the Mortgage Loan.

• Each Note Holder hereby irrevocably appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject at all times to the rights of the Note Holder set forth herein and in the Lead Securitization Servicing Agreement).

More Definitions of Lead Securitization

Lead Securitization means the Note A-1 Securitization.

Lead Securitization means:

Lead Securitization means the first sale by the Lead Securitization Note Holder of all or a portion of the Lead Securitization Note to a depositor who will in turn include such portion of the Lead Securitization Note as part of the securitization of one or more mortgage loans.

Lead Securitization means the Note A-1 Securitization; provided that, if the Note A-2 Securitization occurs prior to the Note A-1 Securitization Date, then the Note A-2 Securitization shall be the Lead Securitization until the Note A-1 Securitization Date, at which time the Note A-1 Securitization shall be the Lead Securitization.

Lead Securitization means (a) if the First Securitization is also the Note A-1-1 Securitization, such First Securitization and (b) if the First Securitization is not also the Note A-1-1 Securitization, then (i) for the period from the closing date of the First Securitization until the Note A-1-1 Securitization Date, the First Securitization and (ii) on and after the Note A-1-1 Securitization Date, the Note A-1-1 Securitization.

Lead Securitization shall have the meaning assigned to such term in the recitals of this Agreement.

Lead Securitization means the Securitization in which the Lead Note is deposited.