Note A-3 TSA definition

Note A-3 TSA means a trust and servicing agreement, substantially in the form of the Model TSA and subject to Section 2 hereof, to be entered into in connection with the Securitization, by and among (a) the Person who serves as Trustee from and after the Lead Securitization Date, (b) the Person who serves as Master Servicer from and after the Lead Securitization Date, (c) the Person which serves as Special Servicer from and after the Lead Securitization Date, (d) the Person who serves as Operating Advisor from and after the Lead Securitization Date and (e) the Depositor, and any other additional Persons that may be party to such trust and servicing agreement; provided it is acknowledged that such agreement is subject in all respects to changes (i) required by the Code relating to the tax elections of the related Securitization Trust, (ii) required by law or changes in any law, rule or regulation and (iii) requested by the Rating Agencies or any purchaser of subordinate certificates. The Servicing Standard in the Note A-3 TSA shall require, among other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Noteholder (taking into account that the Subordinate Notes are junior to the A Notes as and to the extent provided herein).

Examples of Note A-3 TSA in a sentence

  • The Non-Lead Master Servicer may be required to make principal and interest Advances on a Non-Lead Securitization Note, from time to time, subject to the terms of the Non-Lead Securitization Servicing Agreement, the Note A-3 TSA and this Agreement.

  • The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make their own recoverability determination with respect to a principal and interest Advance to be made on the Lead Securitization Note based on the information that they have on hand and in accordance with the Note A-3 TSA.

Related to Note A-3 TSA

  • Note A-2-2 shall have the meaning assigned to such term in the recitals.

  • Note A-2-1 shall have the meaning assigned to such term in the recitals.

  • Note A-9 shall have the meaning assigned to such term in the recitals.

  • Note A-1-1 shall have the meaning assigned to such term in the recitals.

  • Note A-1-2 shall have the meaning assigned to such term in the recitals.

  • Note A-7 shall have the meaning assigned to such term in the recitals.

  • Note A-5 shall have the meaning assigned to such term in the recitals.

  • Note A-6 shall have the meaning assigned to such term in the recitals.

  • Note A-8 shall have the meaning assigned to such term in the recitals.

  • Note A-5 PSA means the “pooling and servicing agreement” entered into in connection with the Note A-5 Securitization.

  • Note A-3 shall have the meaning assigned to such term in the recitals.

  • Note A-4 shall have the meaning assigned to such term in the recitals.

  • Note A-4 Holder means the Initial Note A-4 Holder or any subsequent holder of Note A-4, as applicable.

  • Note A-2-2 Holder means the Initial Note A-2-2 Holder or any subsequent holder of Note A-2-2, as applicable.

  • Note A-4 PSA means the “pooling and servicing agreement” entered into in connection with the Note A-4 Securitization.

  • Note A-3 Holder means the Initial Note A-3 Holder or any subsequent holder of Note A-3, as applicable.

  • Note A-2-1 Holder means the Initial Note A-2-1 Holder or any subsequent holder of Note A-2-1, as applicable.

  • Note A-3 PSA means the “pooling and servicing agreement” entered into in connection with the Note A-3 Securitization.

  • Note A-3 Securitization means the first sale by the Note A-3 Holder of all or a portion of Note A-3 to a depositor who will in turn include such portion of Note A-3 as part of the securitization of one or more mortgage loans.

  • Note A-3 Securitization Date means the closing date of the Note A-3 Securitization.

  • Note A-7 Holder means the Initial Note A-7 Holder or any subsequent holder of Note A-7, as applicable.

  • Note A-3 Trustee means the trustee under the Note A-3 PSA.

  • Note A-2 shall have the meaning assigned to such term in the recitals.

  • Note A-6 PSA means the “pooling and servicing agreement” entered into in connection with the Note A-6 Securitization.

  • Note A-1-2 Holder means the Initial Note A-1-2 Holder or any subsequent holder of Note A-1-2, as applicable.

  • Note A-2 Securitization means the first sale by the Note A-2 Holder of all or a portion of Note A-2 to a depositor who will in turn include such portion of Note A-2 as part of the securitization of one or more mortgage loans.