NIM Note definition

NIM Note. Any debt instrument secured by distributions on any of the Certificates issued by the Trust.
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NIM Note. Any of the notes (i) issued pursuant to a structured net interest margin transaction sponsored by NovaStar Financial, Inc. or its Affiliates and (ii) evidencing debt of the trust formed pursuant to such transaction. For the avoidance of doubt, any subordinate equity interests (or subordinate certificates issued evidencing an equity interest) in such trust shall not be considered NIM Notes.
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NIM Note. Any debt instrument issued by a NIM Trust.
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Examples of NIM Note in a sentence

  • The majority Holder of the Class X Certificate may exercise such option if the Servicer declines to do so under the same terms and conditions applicable to the Servicer under this Section 3.16(c); provided, however, that if such Certificate is securing any NIM Note, the Class X Certificate shall not exercise such option while such NIM Notes remain outstanding.

  • The Servicer may enter into a special servicing advisory agreement with (i) a holder of (a) the Class R Certificate, (b) the Class C Certificate, (c) one or more other Class of subordinated certificates issued by the Issuing Entity and/or (d) a NIM Note and/or (ii) an advisor designated by any of the foregoing.

  • The Holder of the Class X Certificate may exercise such option if the Servicer declines to do so under the same terms and conditions applicable to the Servicer under this Section 3.16(c); provided, however, that if such Certificate is securing any NIM Note, the Class X Certificate shall not exercise such option while such NIM Notes remain outstanding.

  • The Servicer may enter into a special servicing advisory agreement with (i) a holder of (a) the Class R Certificate, (b) the Class C Certificate, (c) one or more other class of subordinated certificates issued by the Issuing Entity and/or (d) a NIM Note and/or (ii) an advisor designated by any of the foregoing.

  • The majority Holder of the Class X Certificate may exercise such option if the related Servicer declines to do so under the same terms and conditions applicable to the related Servicer under this Section 3.16(c); provided, however, that if such Certificate is securing any NIM Note, the Class X Certificate shall not exercise such option while such NIM Notes remain outstanding.

  • The Servicer may enter into a special servicing advisory agreement with (i) a holder of (a) the Class R Certificate, (b) the Class C Certificate, (c) one or more other class of subordinated certificates issued by the Issuing Entity and/or (d) a NIM Note and/or (ii) an advisor designated by such holder.

  • SEIZA SERIES 2006-1 TRUST (WAREHOUSE) Investment DescriptionGIL has an investment of A$10.2 million in Class F Note, A$20.9 million in Class G Note and A$8.9 million (net of amortisation) in Senior NIM Note of Seiza Series 2006-1 Trust, which holds Australian non- conforming residential and commercial property mortgage loans.As at 31 December 2011, GIL’s Carrying Value was A$25.0 million.

  • Any Servicer may enter into a special servicing advisory agreement with (i) a holder of (a) the Class R Certificate, (b) the Class C Certificate, (c) one or more other Class of subordinated securities issued by the Issuing Entity and/or (d) a NIM Note and/or (ii) an advisor designated by any of the foregoing.

  • The estimated marginal impact of MS on NIM (Note 14) has a minimum at MS = 50.5%.

  • The Servicer may enter into a special servicing advisory agreement with (i) a holder of (a) the Class R Certificate, (b) the Class C Certificate, (c) one or more other class of subordinated certificates issued by the Issuing Entity and/or (d) a NIM Note and/or (ii) an advisor designated by the holder of the Class R Certificate or the Class C Certificate.


More Definitions of NIM Note

NIM Note. Any debt instrument secured by distributions on the Class X Certificates.
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NIM Note. A net interest margin security, issued in connection with a securitization of mortgage backed securities, that is acquired by the Originator or by the Seller in the ordinary course of its respective business which includes, without limitation, all right, title and interest in and to the Related Property with respect to such security.
Sample 1
NIM Note. Any debt instrument secured by distributions on any of the Certificates issued by the Trust. Nonrecoverable Advance: With respect to any Mortgage Loan, any portion of an Advance or a Servicing Advance previously made or proposed to be made by the related Servicer that, in the good faith judgment of such Servicer will not be ultimately recoverable by such Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise from proceeds or collections on the related Mortgage Loan.
Sample 1

Related to NIM Note

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

  • B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • RMB Note means a Note denominated in Renminbi.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Legended Note means Registered Notes in definitive form that are issued to Institutional Accredited Investors and Registered Notes (whether in definitive form or represented by a Registered Global Note) sold in private transactions to QIBs in accordance with the requirements of Rule 144A;

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Class C Note means any one of the Series 2024-1 6.48% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C-1, Exhibit C-2 or Exhibit C-3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

  • Destroyed Mortgage Note A Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.

  • Swing Note is defined in Section 1.11 hereof.

  • Contract Note means a promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit 1.01A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Contract Advances made by such Lender to the Borrower.

  • Master Note means a Master Promissory Note in the form mandated by Section 432(m)(1)(D) of the Higher Education Act, as added by Pub. L. 105-244,ss. 427,112 Stat. 1702 (1998) as amended by Public Law No: 106-554 (enacted December 21, 2000) and as codified at 20 U.S.C.ss. 1082(m)(1).

  • Clarity Note For the purposes of clarity, this bargaining unit excludes the Marketing Person for the Occupational Health Program and includes Nurses in the Shift Nursing program. The Employer recognizes the Ontario Nurses’ Association as the bargaining agent of all Registered and Graduate Nurses employed in a nursing capacity by the Victorian Order of Nurses – Ontario Branch, Thunder Bay and District Site, in the Districts of Thunder Bay, Kenora and Rainy River, save and except Managers and persons above the rank of Manager.

  • Lost Mortgage Note Any Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.

  • Class A-1 Note means any of the 0.23000% Asset Backed Notes, Class A-1, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Class A Note means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note or a Class A-4 Note.

  • Demand Note means the note issued by the rating authority, in relation to the premises for the purpose of levying non-domestic rates prescribed by Scottish Ministers for the financial year, in respect of which a claim is made under this Determination;

  • Existing Note means a Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • A Note means, with respect to any A/B Whole Loan, the mortgage note (or notes) included in the Trust that is senior in right of payment to the related B Note or any other subordinated note(s) to the extent set forth in the related Intercreditor Agreement. There are no A Notes related to the Trust as of the Closing Date.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.