Trust Loan Notes definition

Trust Loan Notes. As defined in the Introductory Statement.
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Examples of Trust Loan Notes in a sentence

  • The Trustee acknowledges the assignment in trust by the Depositor to the Trustee of the Trust Loan Notes and other assets comprising the Trust Fund.

  • The ownership of the Trust Loan Notes, the Mortgage, the Collateral Security Documents and all other contents of the Mortgage File shall be vested in the Trust or the Trustee in trust for the benefit of the Certificateholders and, other than the Trust Loan Notes, the Companion Loan Holders.

  • The Trust Loan Notes and the Companion Loan Notes are collectively referred to herein as the “Notes” and, each, as a “Note”.

  • The Trust Fund consists principally of the Trust Loan Notes, the Mortgage and related Loan Documents (exclusive of the rights of the Companion Loan Holders thereunder) and all payments under, and proceeds of, the Trust Loan on and after the Cut-off Date.

  • The Appraisal Reduction Amount allocated to the Trust Loan Notes for any Distribution Date shall be applied to notionally reduce the Certificate Balances of the Sequential Pay Certificates in the following order of priority: first, to the Class D Certificates; second, to the Class C Certificates; and third, to the Class B Certificates; (provided in each case that no Certificate Balance in respect of any such Class may be notionally reduced below zero).

  • The Appraisal Reduction Amount allocated to the Trust Loan Notes for any Distribution Date shall be applied to notionally reduce the Certificate Balances of the Sequential Pay Certificates in the following order of priority: first, to the Class HRR Certificates; second, to the Class D Certificates, third, to the Class C Certificates; and fourth, to the Class B Certificates; (provided that in each case that no Certificate Balance in respect of any such Class may be notionally reduced below zero).

  • The ownership of the Trust Loan Notes, the Mortgages, the Collateral Security Documents and all other contents of the Mortgage File shall be vested in the Trust or the Trustee in trust for the benefit of the Certificateholders and, other than the Trust Loan Notes, the Companion Loan Holders.

  • The relative rights of the respective lenders in respect of the Whole Loan are set forth in a co-lender agreement dated as of November 4, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Co-Lender Agreement”), between the holders of the Trust Loan Notes and the holders of the Companion Loan Notes.

  • The Trust Fund consists principally of the Trust Loan Notes, the Mortgages and related Loan Documents (exclusive of the rights of the Companion Loan Holders thereunder) and all payments under, and proceeds of, the Trust Loan following the Cut-off Date.

  • The Trust Loan Notes and the Companion Loan Note are collectively referred to herein as the “Notes” and, each, as a “Note”.

Related to Trust Loan Notes

  • Trust Loan means the portion of the Mortgage Loan evidenced by the Lead Securitization Notes.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Interim Eligible Lender Trustee shall also mean each successor Interim Eligible Lender Trustee as of the qualification of such Interim Eligible Lender Trustee under the Interim Trust Agreement.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.

  • Note A-1 Trustee means the trustee under the Note A-1 PSA.

  • Note A-4 Trustee means the trustee under the Note A-4 PSA.

  • Note A-2 Trustee means the trustee under the Note A-2 PSA.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Note A-3 Trustee means the trustee under the Note A-3 PSA.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

  • Note A-1 Special Servicer means the special servicer under the Note A-1 PSA.

  • Lead Securitization Noteholder means the holder of the Lead Securitization Note.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • CREFC® Special Servicer Loan File format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Class A-1 Noteholder means the Person in whose name a Class A-1 Note is registered on the Note Register.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Term Loan Secured Parties means the Term Loan Representative, the Term Loan Creditors and any other holders of the Term Loan Obligations.

  • Note A-1 Securitization means the first sale by the Note A-1 Holder of all or a portion of Note A-1 to a depositor who will in turn include such portion of Note A-1 as part of the securitization of one or more mortgage loans.