Note B Holder definition

Note B Holder means with regards to any B Note, the Initial Note Holder or any subsequent holder of such B Note, as applicable.

Note B Holder means, individually or collectively as the context may require, the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder.

Note B Holder shall have the meaning assigned to such term in the recitals, and any successor in interest, or any subsequent holder of the Note B.

Examples of Note B Holder 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.

• Notwithstanding the foregoing, if either of the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party is a Note B Holder (or holds a majority interest in a B Note), such Note B Holder shall not have the right to exercise the purchase option set forth in this Section 11(a).

• Subject to the provisions of Section 13, each Initial Note B Holder acknowledges that it has, independently and without reliance upon any Initial Note A Holder and based on such documents and information as such Holder has deemed appropriate, made such Holder’s own credit analysis and decision to originate its related B Note.

• Upon the consummation of the purchase option contemplated by this Section 11(a), the Lead Securitization Note Holder (or the Servicer or Back-Up Advancing Agent on its behalf) shall deliver all original Mortgage Loan Documents and other applicable materials in its possession to the applicable Note B Holder or its designee.

• Note B and the rights of the Note B Holder to receive payments of interest, principal and other amounts with respect to Note B shall at all times be junior, subject and subordinate to the A Notes and the rights of the Note A Holders to receive payments of interest, principal and other amounts with respect to the A Notes as and to the extent set forth herein.

More Definitions of Note B Holder

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

Note B Holder means the Noteholder of the B Note.

Note B Holder shall have the meaning assigned to such term in the introductory paragraph hereof.

Note B Holder or “Note-B Holders” means the Initial Note-B Holder and any subsequent holder of any of the B-Notes.

Note B Holder means the Initial Note B Holder or any subsequent holder of Note B, together with its successors and assigns. “Note B Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance, the Note A-8 Principal Balance and the Note B Principal Balance.

Note B Holder means with respect to (i) Note B-1-EMP and Note B-1-SFC, the Initial Note B-1 Holder and (ii) Note B-2-EMP and Note B-2-SFC, the Initial Note B-2 Holder, or any subsequent holder of such Note.

Note B Holder. Any holder of a Note B related to an A/B Whole Loan.