Non-Lead Securitization definition

Non-Lead Securitization means any Securitization of a Note in a Securitization Trust other than the Lead Securitization.

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Non-Lead Securitization means each Securitization other than the Lead Securitization.

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

Examples of Non-Lead Securitization in a sentence

Any such amounts paid by the Non-Lead Securitization Note Holders pursuant to this paragraph shall be reimbursed thereto on a pro rata and pari passu basis, in accordance with the unreimbursed portion of such amounts paid by each such Note Holder, prior to any subsequent amounts being paid hereunder in respect of any B Notes.
The Non-Lead Master Servicer and the Non-Lead Special Servicer and the Non-Lead Trustee, as applicable, shall be entitled to make their own recoverability determination with respect to a principal and interest Advance to be made on a Non-Lead Securitization Note based on the information that they have on hand and in accordance with the Non-Lead Securitization Servicing Agreement.
Such Non-Lead Securitization Note Holder’s obligations under this Section 8 constitute absolute, unconditional and continuing obligations.
The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for Advance Interest Amounts on a Property Protection Advance or a Nonrecoverable Property Protection Advance, in the manner and from the sources provided in the Lead Securitization Servicing Agreement, including from general collections of the Lead Securitization and from general collections of the Non-Lead Securitization as provided below.
The Note Holders hereby agree that, upon the request of the Lead Securitization Note Holder, each Non-Lead Securitization Note Holder shall execute, acknowledge and deliver to the Lead Securitization Note Holder all and every such further deeds, conveyances and instruments as the Lead Securitization Note Holder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant.

More Definitions of Non-Lead Securitization

Non-Lead Securitization means any Securitization of a Non-Lead Securitization Note.

Non-Lead Securitization means, (i) on and after the Note A-1 Securitization Date, the Note A-2 Securitization and (ii) prior to the Note A-1 Securitization Date, any Securitization other than the First Securitization.

Non-Lead Securitization means the sale of all or a portion of any Non-Standalone Note to a depositor, who will in turn include such Note as part of the related Non-Lead Securitization of one or more other mortgage loans.

Non-Lead Securitization means the Securitization of Note A-2 in a Securitization Trust to be designated by the Initial Note A-2 Holder.

Non-Lead Securitization means the Note A-2 Securitization.

Non-Lead Securitization means, (i) on and after the Note A-2 Securitization Date, the Note A-1 Securitization, the Note A-3 Securitization, the Note A-4 Securitization, the Note A-5 Securitization, the Note A-6 Securitization, the Note A-7 Securitization, the Note A-8 Securitization, the Note A-9 Securitization and the Note A-10 Securitization, as applicable and (ii) prior to the Note A-2 Securitization Date, any Securitization other than the First Securitization.

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