Note B-3 definition

Note B-3 shall have the meaning assigned to such term in the recitals.

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Note B-3 means the Note bearing the designation “B-3”.

Note B-3 means that certain promissory note B-3, dated November 22, 2023, as the same may be amended, modified, supplemented extended, restated or replaced, and shall include any replacement promissory notes issued in respect thereof.

Examples of Note B-3 in a sentence

It is hereby acknowledged that such forms have been received by the Servicer as of the date hereof with respect to each of Initial Note B-1 Holder, Initial Note B-2 Holder and Initial Note B-3 Holder.
The foregoing provisions of this Section 19(a) shall not limit the right of a Note B Holder or any Affiliate thereof to be the Special Servicer or to exercise its rights as Controlling Holder under this Agreement or any comparable rights as Holder of Note B-1, Note B-2 or Note B-3, as applicable, under the Servicing Agreement.
Each Note B Holder assumes all risk of loss in connection with Note B (and Note B-1, Note B-2 and Note B-3, as applicable) for reasons other than gross negligence, willful misconduct or breach of this Agreement by the Note A Holders or Agent or the or negligence, willful misconduct or bad faith or breach of the Servicing Agreement by the Servicer or the Trustee.
All amounts allocable to Note B pursuant to Section 3 or Section 4, including any Appraisal Reduction Amounts and Realized Principal Losses, shall be applied by the Servicer to Note B-1, Note B-2 and Note B-3 on a Pro Rata and Pari Passu Basis.
With respect to the Initial Note A-3 Holder and the Initial Note B-3 Holder, it is a banking association duly organized, validly existing and in good standing under the laws of the United States of America.

More Definitions of Note B-3

Note B-3 means the promissory note designated as Note B-3 in the table in the second paragraph of the recitals.

Note B-3 means the promissory notes designated as “Note B-1-S,” “Note B-2-S” and “Note B-3-S” and listed under “Promissory Notes” on the Mortgage Loan Schedule, as such promissory notes may be amended, modified or supplemented.

Note B-3 means that certain Promissory Note B-3, dated of even date with the Mortgage Loan Agreement, as the same may be amended, restated, replaced, supplemented, split, extended or otherwise modified from time to time, and shall include any replacement promissory notes issued in respect thereof.

Note B-3 means that certain Replacement, Amended and Restated Promissory Note B-3, dated as of May 1, 2020, in the principal amount of SIXTY FIVE THOUSAND NINE HUNDRED SEVENTY TWO AND 20/100 DOLLARS ($65,972.20), made by Borrower in favor of DB and any replacement or split notes made by Borrower in favor of DB, as each of the same may be further amended, restated, replaced, supplemented or otherwise modified from time to time.”

Note B-3 means that certain Promissory Note B-3, dated as of the Closing Date, in the principal amount of TWO HUNDRED TWENTY-TWO MILLION SEVEN HUNDRED THOUSAND AND 00/100 DOLLARS ($222,700,000.00), made by Borrower in favor of DB and any replacement or split notes made by Borrower in favor of DB, as each of the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Note B-3 means that certain Promissory Note B-3, dated the date hereof, in the principal amount of $86,760,000.00, made by Borrower in favor of ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Company, as the same may be amended, restated, replaced, split, severed, supplemented or otherwise modified from time to time.

Note B-3 means that certain Promissory Note B-3, dated the date hereof, in the stated principal amount of $40,680,000.00, executed by Borrower and payable to the order of UBS in evidence of the Loan, as the same may hereafter be amended, supplemented, restated, severed, increased, extended or consolidated from time to time.

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