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B Pieces definition

B Pieces means all of the residual interests and certificates in the Securitized Pools held by FMARC or FMARC II.
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B Pieces means, at any time, the "Over Collaterized" component of the "Retained Interest in Transferred Assets" line item on Borrower's balance sheet, and specifically excludes the "Reserve Fund" and "Interest Only" components of such line item.
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B Pieces means the residual interests in the Securitized Pools of FMAC represented by the B-Certificates, all of which are held by FMARC and FMARC II.
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Examples of B Pieces in a sentence

  • For the CMBS B- Pieces, LTV is based on the weighted average LTV of the underlying loan pool.

  • It is anticipated that the FMARC and FMARC II subsidiaries of the Reorganized Company will continue for a period of time to recognize taxable income with respect to the B Pieces in excess of the cash available for distribution to the Reorganized Company.

  • In the event the Joint Plan is confirmed, FMAC agrees that any obligation hereunder owing UDC by FMAC shall be paid by Debtor from the B Pieces and any other asset of the estate after payment to UDC of the Secured Claim Recovery Amount and the Modified UDC Fee, and prior to any payments to the FMAC estate or creditors thereof.

  • FMAC received four plan proposals, two involving a sale of the business with a sharing of collections on the Owned Loans and the B Pieces and two involving a recapitalized FMAC with some limited new loan origination.

  • Pursuant to the FMAC Plan, at the option of the Company and subject to certain conditions, the Company may distribute the Stock Option Shares to FMAC or at the request of FMAC and pursuant to its instructions directly to the unsecured creditors of FMAC, in lieu of FMAC's right to receive all or a portion of distributions under the Excess Collections Split (including both recoveries under the Excess Collections Split from the Owned Contracts and the B Pieces) in cash.

  • For our CMBS B- Pieces, LTV is based on the weighted average LTV of the underlying loan pool.

  • FMAC shall not give the Revocation Letter for payments under the B Pieces until it has either (i) obtained a report from UDC showing that no further obligations secured by the B Pieces are owed to UDC or (ii) obtained a final order from the Bankruptcy Court or any other court of competent jurisdiction after notice to UDC and a hearing that all such amounts have been satisfied.

  • Lender agrees, however, that payment of such fees shall not accrue interest and shall be made by Borrower on the earlier of (1) in accordance with the Plan from the B Pieces (as defined in the Chapter 11 Plan) distributions, (2) conversion of the case to a case under Chapter 7 of the Bankruptcy Code, (3) appointment of a trustee or examiner under the Bankruptcy Code, or (4) confirmation of a plan of reorganization or liquidation that is not supported by Lender.

  • Lender shall provide Borrower and Distributors with monthly reports, on or before the 15th day of each month, reflecting the outstanding amount due and owing by Borrower to Lender under the Agreement, the Contribution Agreement, the Credit and Security Agreement II, the Modified UDC Fee, any advance under the UDC Stock Option and any other obligation secured by the B Pieces arising under the Plan.

  • For a securitization resulting in multiple B- Pieces, each holder of a B-Piece may designate a Special Servicer for its respective B- Piece in consultation with Freddie Mac.


More Definitions of B Pieces

B Pieces in Section 1.1 of the Credit Agreement is amended in its entirety as follows:
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B Pieces means, at any time, that portion of Commercial Loans retained by the Companies out of Commercial Loans sold under or in connection with an Asset Securitization.
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Related to B Pieces

  • Cart means a plastic Container with a hinged lid and wheels that is serviced by an automated or semi-automated Collection vehicle. A Cart has capacity of 20, 35, 64 or 96 gallons (or similar volumes).

  • Tight-fitting facepiece means a respiratory inlet covering that forms a complete seal with the face.

  • Seaplane means an aircraft that is capable of landing and taking off on the water.

  • Loose-fitting facepiece means a respiratory inlet covering that is designed to form a partial seal with the face.

  • Pushcart means a non-self-propelled vehicle food establishment limited to serving nonpotentially hazardous foods or commissary-wrapped foods maintained at proper temperatures, or limited to the preparation and serving of frankfurters.

  • Adult bookstore or “adult video store” means a commercial establishment that, as one of its principal business purposes, offers for sale or rental for any form of consideration any one or more of the following:

  • Roomer means a person occupying a dwelling unit that lacks a major bathroom or kitchen facility, in a structure where one or more major facilities are used in common by occupants of the dwelling unit and other dwelling units. Major facility in the case of a bathroom means toilet, or either a bath or shower, and in the case of a kitchen means refrigerator, stove or sink.

  • Campsite means any place where bedding, sleeping bag, or other material used for bedding purposes, or any stove or fire is placed, established, or maintained for the purpose of maintaining a temporary place to live, whether or not such place incorporates the use of any tent, lean-to, shack, or any other structure, or any vehicle or part thereof.

  • Candy means a preparation of sugar, honey, or other natural or artificial sweeteners in combination with chocolate, fruits, nuts, or other ingredients or flavorings in the form of bars, drops, or pieces. Candy shall not include any preparation containing flour and shall require no refrigeration.

  • Filtering facepiece (dust mask) means a negative pressure particulate respirator with a filter as an integral part of the facepiece or with the entire facepiece composed of the filtering medium, not equipped with elastomeric sealing surfaces and adjustable straps.

  • Grooming means befriending and establishing an emotional connection with a child or a child's family to lower the child's inhibitions for emotional, physical, or sexual abuse.

  • Check Meter means the Buyer revenue-quality meter section(s) or meter(s), which Buyer may require at its discretion, and which will include those devices normally supplied by Buyer or Seller under the applicable utility electric service requirements.

  • Hood means a respiratory inlet covering that completely covers the head and neck and may also cover portions of the shoulders and torso.

  • Distribution center means a building or structure used primarily for the storage of goods which are intended for subsequent shipment to retail outlets. Distribution center does not mean a building or structure used primarily to store raw agricultural products, used primarily by a manufacturer to store goods to be used in the manufacturing process, used primarily for the storage of petroleum products, or used for the retail sale of goods.

  • Duct is a single enclosed path to house facilities to provide Telecommunications Services.

  • Opaque means impenetrable to sight.

  • Density means the permitted number of dwelling units per

  • Gasohol means a blended fuel composed of gasoline and fuel grade ethanol.

  • Bouquet or “bouquet of channels” means an assortment of distinct channels offered together as a group or as a bundle by the Broadcaster and all its grammatical variations and cognate expressions shall be construed accordingly;

  • ALI means a feature by which the service address associated with the calling party’s listed telephone number identified by ANI as defined herein, is forwarded to the PSAP for display. Additional telephones with the same number as the calling party’s, including secondary locations and off-premise extensions will be identified with the service address of the calling party’s listed number.

  • Camper means a structure designed, used, and maintained primarily to be

  • high voltage means the classification of an electric component or circuit, if its working voltage is > 60 V and ≤ 1500 V DC or > 30 V and ≤ 1000 V AC root mean square (rms).

  • Slamming means the designation of a new provider of a telecommunications service to a customer, including the initial selection of a service provider, without the verified consent of the customer. “Slamming” does not include the designation of a new provider of a telecommunications service to a customer made pursuant to the sale or transfer of another carrier’s customer base, provided that the designation meets the requirements of 199 IAC 22.23(2)“e.”

  • Motorboat means the same as that term is defined in Section 73-18-2.

  • Stack means any point in a source designed to emit solids, liquids, or gases into the air, including a pipe or duct but not including flares.

  • Utensil means any implement used in the storage, preparation, transportation, or service of food.

Most Referenced Clauses

Most Referenced Definitions