Note B definition

Note B shall have the meaning assigned to such term in the recitals.

Note B means each of Note B-1, Note B-2 and Note B-3.

Note B means, individually or collectively, Note B-1 and Note B-2, as the context may require.

Examples of Note B in a sentence

• Each B Note and the right of each Note B Holder to receive payments with respect to its respective B Note shall, subject to the provisions of this Agreement, at all times be junior, subject and subordinate to each A Note and the rights of each Note A Holder to receive payments with respect to its respective A Note.

• The applicable Note B Holder shall grant to and create in favor of each Note A Holder a first priority perfected pledge and security interest in the Reserve Collateral in a manner reasonably satisfactory to Lead Securitization Note Holder.

• In addition, the applicable Note B Holder shall pay or cause to be paid any and all reasonable out of pocket costs and expenses incurred by each Note A Holder (and any servicing party on its behalf) associated with the delivery and/or pledge of such Reserve Collateral, including the costs and expenses of any opinion of counsel.

• This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns; provided, that no successors or assigns of any Initial Note A Holder or Initial Note B Holder shall have any liability for a breach of representation or warranty set forth in this Agreement.

• The Note B Holder shall have not any interest in any property taken as security for the Mortgage Loan; provided, however, that if any such property or the proceeds thereof shall be applied in respect of payments due under the Mortgage Loan, then the Note B Holder shall be entitled to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

More Definitions of Note B

Note B means, collectively, Note B-1 and Note B-2.

Note B means that certain Promissory Note (Note B), dated January 24, 2022, as the same may be amended, modified, supplemented extended, restated or replaced, and shall include any replacement promissory notes issued in respect thereof.

Note B. As defined in the Introductory Statement.

Note B means those certain notes or note denominated “Note B” dated concurrently with the Loan Agreement, executed by Borrower to the order of the Lender named therein, in the aggregate original principal amount of $55,982,905.98, as the same may be Modified from time to time. Each Note B shall constitute a “Note” for all purposes under this Agreement and the other Loan Documents.

Note B means, collectively, the B Notes.

Note B means the Note bearing the designation “B”.

Note B has the meaning set out in section 2.2;