Subordinate Notes definition

Subordinate Notes means the B Notes and the C Notes, individually or collectively, as the context may require.

Subordinate Notes. The Class M-1, Class M-2, Class B-1 and Class B-2 Notes.

Subordinate Notes means the B Notes.

Examples of Subordinate Notes in a sentence

• Allocations of principal will be made among the Class A-1 Notes, the Class A-2 Notes and the Subordinate Notes as provided in the Indenture.

• The Senior Notes collectively are senior in right of payment to the Subordinate Notes, all as and to the extent provided in the Indenture.

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

• The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Senior Notes at the time Outstanding or Other Senior Beneficiaries or, if no Senior Obligations are Outstanding, the Holders of specified percentages in aggregate principal amount of the Subordinate Notes at the time Outstanding or Other Subordinate Beneficiaries, on behalf of the Holders of all the Notes, to waive certain past defaults under the Indenture and their consequences.

• The Servicer shall provide to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Subordinate Notes and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.

More Definitions of Subordinate Notes

Subordinate Notes. Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Notes.

Subordinate Notes. The Class B-1 Notes and Class B-2 Notes.

Subordinate Notes means any Notes designated in a Supplemental Indenture as Subordinate Notes, which are secured under this Indenture on a basis subordinate to any Senior Obligations (as such subordination is described herein), on a basis senior to any Junior Subordinate Obligations (as such subordination is herein described), and on a parity with Other Subordinate Obligations.

Subordinate Notes means the Class M Notes and the Class B Notes.

Subordinate Notes means Note B-1-A, Note B-1-B, Note B-1-C, Note B-1-D, Note B-2-A, Note B-2-B, Note B-2-C, Note B-2-D, Note B-3-A, Note B-3-B, Note B-3-C and Note B-3-D, collectively.

Subordinate Notes means any Notes designated in a Supplemental Indenture as Subordinate Notes.

Subordinate Notes means the Class B-1 Notes and the Class B-2 Notes.