NIM Notes definition

NIM Notes. The notes to be issued pursuant to the Indenture.

NIM Notes. The Insured NIM Notes and the Other NIM Notes.

NIM Notes. The net interest margin or excess cashflow securities to be issued pursuant to any Indenture.

Examples of NIM Notes in a sentence

• The Servicer and the Trustee shall have at least 10 days' notice of the issuance of any NIM Notes.

• For so long as the indenture trustee under the Indenture is the Holder of the Class C Certificate, the holder (the “Residual NIM Holder”) of the subordinate note, the owner trust certificate or another instrument representing the right to receive the proceeds of the trust estate securing payments on the NIM Notes after all of the NIM Notes have been paid off shall be deemed to be the “Holder of the Class C Certificates” for purposes of this Section 3.16(c).

• Each of the rights of the NIMs Insurer set forth in this agreement shall exist so long as the NIM Notes issued pursuant to the Indenture remain outstanding or the NIMs Insurer is owed amounts in respect of its guarantee of payment on such NIM notes.

• By acceptance of the Residual Certificates, the Holders of the Residual Certificates agree for so long as any NIM Notes are outstanding, in connection with any termination hereunder, to assign and transfer any amounts in excess of par, and to the extent received in respect of such termination, to pay any such amounts to the Holders of the Class C Certificates.

• The Depositor shall notify the Servicer and the Trustee if and when any NIM Notes are issued and when such NIM Notes are no longer outstanding.

More Definitions of NIM Notes

NIM Notes. The notes to be insured pursuant to the Indenture.

NIM Notes. Net interest margin securities, if any, which are secured by the cash flow on the Class C and/or Class P Certificates.

NIM Notes. Any net interest margin notes issued by an indenture or other special purpose entity pursuant to an Indenture in connection with a NIMS Transaction.

NIM Notes. The notes to be issued pursuant to the Indenture. NIMs Insurer: Any of the one or more insurers, if any, that is guaranteeing certain payments under any NIM Notes; provided, that upon the payment in full of the NIM Notes, all rights of the NIMs Insurer hereunder shall terminate.

NIM Notes. Any notes issued under an Indenture.

NIM Notes. Each class of notes issued pursuant to an indenture, the collateral for which consists of, primarily, the Class C and Class P Certificates.

NIM Notes. Insured NIM Notes and/or the Uninsured NIM Notes, as applicable.