Sale of Note and Securitization. Borrower acknowledges that Lender may elect to sell this Note and the Other Senior Notes or participation therein or cause this Note to be included in a securitization (such sale and/or securitization, the "SECURITIZATION") of rated single or multi-class securities (the "SECURITIES") secured by or evidencing ownership interests in this Note, the Other Senior Notes, the Security Instrument and the Other Senior Security Instruments.
Appears in 1 contract
Sources: Senior Secured Promissory Note (VMS National Properties Joint Venture)
Sale of Note and Securitization. Borrower acknowledges that Lender may elect to sell this Note and the Other Senior Junior Notes or participation therein or cause this Note to be included in a securitization (such sale and/or securitization, the "SECURITIZATION") of rated single or multi-class securities (the "SECURITIES") secured by or evidencing ownership interests in this Note, the Other Senior Junior Notes, the Security Instrument and the Other Senior Junior Security Instruments.
Appears in 1 contract
Sources: Junior Secured Promissory Note (VMS National Properties Joint Venture)