Senior Note Holders definition
Examples of Senior Note Holders in a sentence
Each Note B Holder acknowledges that it has, independently and without reliance upon the Senior Note Holders, except with respect to the representations and warranties provided by the Senior Note Holders herein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase its respective B Note and such Note B Holder accepts responsibility therefor.
Subject to the terms of this Agreement, the Note B-1 Holder shall be subrogated to the Senior Note Holder’s rights to any payment owing to the Senior Note Holders for which the Note B-1 Holder makes a cure payment as permitted under this Section 11 but such subrogation rights may not be exercised against the Mortgage Loan Borrower until 91 days after the Note is paid in full.
Each Note B Holder acknowledges that the Senior Note Holders do not owe the Note B Holder any fiduciary duty with respect to any action taken under the Mortgage Loan Documents and, except as provided herein, need not consult with the Note B Holder with respect to any action taken by a Senior Note Holder in connection with the Mortgage Loan.
Each of the Loan Parties is a party to certain Collateral Documents pursuant to which the Loan Parties have granted Liens on certain Collateral to the Collateral Agent, for the benefit of Lenders and the Senior Note Holders.
The Note B Holder acknowledges that the Senior Note Holders do not owe the Note B Holder any fiduciary duty with respect to any action taken under the Mortgage Loan Documents and, except as provided herein, need not consult with the Note B Holder with respect to any action taken by a Senior Note Holder in connection with the Mortgage Loan.