Pari Passu Noteholder definition
Examples of Pari Passu Noteholder in a sentence
It is also acknowledged that a Pari Passu Note Trustee shall not have any responsibility for the actions of any individual Pari Passu Noteholder.
For the purposes of paragraph (b) above and this paragraph (d), upon any person becoming a Pari Passu Noteholder, such person shall be deemed to be a Party to this Agreement and shall be bound by the provisions of this Agreement and be deemed to receive the benefits of this Agreement, and be subject to the terms and conditions hereof, as if such person were a Party hereto.
Any Pari Passu Noteholder may assign, transfer or novate any of its rights and obligations to any person without the need for such person to execute and deliver to the Intercreditor Agent a Creditor / Creditor Representative Accession Undertaking.
Subject to Section 11 and Section 12 hereof, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, each Non-Lead Pari Passu Noteholder hereby acknowledges the right and obligation of the Lead Noteholder (or the Special Servicer acting on behalf of the Lead Noteholder) to sell each Non-Lead Pari Passu Note together with the Lead Note as notes evidencing one whole loan in accordance with the terms of the Servicing Agreement.
Any Pari Passu Noteholder may assign, transfer or novate any of its rights and obligations to any person without the need for such person to execute and deliver to the Security Agent a Creditor / Creditor Representative Accession Undertaking.
Any Pari Passu Noteholder may assign, transfer or novate any of its rights and obligations to any person without the need for such person to execute and deliver to the Common Security Agent a Creditor/Creditor Representative Accession Undertaking.
Each Super Senior Credit Facility Lender, Pari Passu Noteholder and Pari Passu Lender shall deal with the Security Agent exclusively through its Creditor Representative.
The Security Agent shall be entitled to carry out all dealings with the Super Senior Credit Facility Lenders, Pari Passu Noteholders and Pari Passu Lenders through their respective Creditor Representatives and shall give to the Creditor Representatives, as applicable, any notice, document or other communication required to be given by the Security Agent to a Super Senior Credit Facility Lender, Pari Passu Noteholder or Pari Passu Lender.
Each 2029 Notes Creditor, Pari Passu Noteholder and Pari Passu Lender shall deal with the Common Security Agent exclusively through its Creditor Representative, or, to the extent it has no Creditor Representative, directly.
Within two Business Days of Master Servicer's or the Special Servicer's receipt of the Westchester Pari Passu Noteholder's advice or views, the Master Servicer and Special Servicer shall communicate with the Westchester Controlling Party regarding any advice or other views expressed by the Westchester Pari Passu Noteholder.