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

• Each Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) hereby appoints the Lead Securitization Note Holder as its agent, and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of its Note.

• The originals of all of the Mortgage Loan Documents (other than the Notes) will be held by the Lead Securitization Noteholder (or a custodian acting on behalf of the Lead Securitization Noteholder) who shall act as secured party under the Mortgage Loan Documents on behalf of the registered holders of the Notes.

• Each Non-Lead Noteholder hereby appoints the Lead Securitization Noteholder as its agent, and grants to the Lead Securitization Noteholder an irrevocable power of attorney coupled with an interest, and their proxy, for the purpose of soliciting and accepting offers for and consummating the sale of its Non-Lead Note.

• The Lead Securitization Noteholder will reasonably cooperate with the Controlling Noteholder in order to satisfy the foregoing conditions, including the Rating Agency Confirmation.

• The Lead Securitization Noteholder shall promptly provide copies to any terminated Special Servicer of the documents referred to in the preceding sentence.

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

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

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