Commercial Mortgage Backed Securities definition

Commercial Mortgage Backed Securities or “CMBS” shall mean securitized fixed income securities backed by pools of collateral consisting of commercial real estate mortgage loans.
Sample 1Sample 2Sample 3
Commercial Mortgage Backed Securities means Asset Backed Securities that are backed by a mortgage loan or a pool of mortgage loans that are secured by commercial real estate, including commercial, multi-family, hospitality, and manufactured housing community properties. Commercial Mortgage Backed Securities must be rated and able to be traded by investors in a secondary market.
Sample 1Sample 2Sample 3
Commercial Mortgage Backed Securities means Asset-Backed Securities that represent interests in (or are secured by) commercial mortgage loans.
Sample 1Sample 2

Examples of Commercial Mortgage Backed Securities in a sentence

  • Within these broad asset allocations, Company shall maintain the following overall quality and diversification constraints: High Yield + Emerging Markets shall not exceed 12% of the portfolio BBB-rated + 2 times High Yield shall not exceed 50% of the portfolio Commercial Mortgage Backed Securities + Commercial Mortgage Loans shall not exceed 25% • No new investment in Commercial Mortgage Backed Securities shall be made below AA • No issuer shall exceed 5% of the portfolio.

  • In our opinion, management's assertion that the Company complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2006, for its role in servicing Commercial Mortgage Backed Securities Transactions is fairly stated, in all material respects.

  • Richard’s experience spans several different disciplines in structured finance including structuring, trading and sales at the institutional level, where he helped to usher in several cutting-edge financial investment products such as Collateralized Mortgage Obligations and Commercial Mortgage Backed Securities and Collateralized Loan Obligations.

  • An indication of the current credit spread for CARS is BBB rated Commercial Mortgage Backed Securities with a maturity matching the remaining lease Term.

  • As at December 31, 2013, the Company had $3.4 billion of both public and private securitized assets, consisting of Commercial Mortgage Backed Securities (“CMBS”), Residential Mortgage Backed Securities (“RMBS”), and Asset Backed Securities (“ABS”) representing one per cent of total invested assets (2012 – $3.8 billion and two per cent).

  • In our opinion, management's assertion that the Company complied with the aforementioned servicing criteria as of and for the year ended December 31, 2006, for the Commercial Mortgage Backed Securities platform is fairly stated, in all material respects.

  • These products include the following: • Debt and Equity of, and options on, public and private mortgage lenders and servicers (this does not include banks); • Residential and Commercial Mortgage Backed Securities; • Asset-Backed Securities (ABS); • Mortgage Loans; and • Credit Default Swaps on Mortgage Backed Securities or mortgage related instruments.

  • Notices to the Depositor shall be given to it at [________] (fax: [________]); Attention: Commercial Mortgage Backed Securities, in each case, with a copy to: [________] (fax: [________]), Attention: [________].

  • To approve an amendment to Section 3.3(h) of the Declaration of Trust to authorize the Trust to invest in Commercial Mortgage Backed Securities (CMBS) that at the time of their acquisition by the Trust are rated in the highest rating category by at least one nationally recognized statistical rating agency - subject to a limit of no more than 10 percent of the total value of the Trust's assets: votes for 2,327,539.640; votes against 4,952.803; votes abstaining 27,804.323; votes not cast 930,400.793.

  • These Amended and Restated By-Laws are made and adopted pursuant to Section 3.8 of the Amended and Restated Agreement and Declaration of Trust establishing The Principal Commercial Mortgage Backed Securities Income Fund (the “Trust”) dated as of September 7, 2012, as from time to time amended (hereinafter called the “Declaration”).


More Definitions of Commercial Mortgage Backed Securities

Commercial Mortgage Backed Securities means bonds or other financial obligations secured by a pool of mortgage loans.
Sample 1Sample 2Sample 3
Commercial Mortgage Backed Securities means the issuance of securities that are backed by one or more pools of mortgage loans that are secured by commercial properties, which may include multifamily housing complexes, shopping centres, industrial parks, office buildings and hotels.
Sample 1Sample 2
Commercial Mortgage Backed Securities means bonds or other financial obligations secured by a pool of Mortgages, no less than two thirds of which are Conventional First Mortgages at the time of the investment.
Sample 1
Commercial Mortgage Backed Securities or "CMBS" shall mean securities issued pursuant to a securitization of commercial Mortgage Loans and/or Mezzanine Loans.
Sample 1
Commercial Mortgage Backed Securities means CMBS Conduit Securities, CMBS Large Loan Securities and CMBS Credit Tenant Lease Securities; and any other type of Asset-Backed Securities that becomes a Specified Type after the Closing Date as described below and is designated as "Commercial Mortgage-Backed Securities" in connection therewith.
Sample 1
Commercial Mortgage Backed Securities means Asset Backed Securities that are backed by a mortgage loan or a pool of mortgage loans that are secured by commercial real estate, including commercial, multi-family, hospitality, and manufactured housing community properties. Commercial Mortgage Backed Securities must be rated and able to be traded by investors in a secondary market. “Commitment” means, as to any Lender, its Revolving Credit Commitment, and, in the case of PNC (in its capacity as the Swingline Loan Lender), its Swingline Loan Commitment (but not the aggregate of its Revolving Credit Commitment and its Swingline Loan Commitment), and Commitments means the aggregate of the Revolving Credit Commitments of all of the Lenders. “Commitment Fee” means as is specified in Section 2.3 [Commitment Fees]. “Communications” means as is specified in Section 12.5(d)(ii) [Platform]. “Compliance Authority” means (a) the United States government or any agency or political subdivision thereof, including, without limitation, the U.S. Department of State, the U.S. Department of Commerce, the U.S. Department of the Treasury and its Office of Foreign Assets Control, and the U.S. Customs and Border Protection agency; (b) the government of Canada or any agency thereof; (c) the European Union or any agency thereof; (d) the government of the
Sample 1

Related to Commercial Mortgage Backed Securities

  • Commercial Mortgage Loan means a loan secured by a mortgage, other than a residential mortgage loan.

  • Residential mortgage loan means any loan primarily for

  • Asset-Backed Securities means securities which:

  • Commercial motor vehicle means a motor vehicle or combination of motor vehicles used in commerce to transport passengers or property if the motor vehicle:

  • Real Estate-Related Securities shall have the meaning set forth in the Charter.

  • Asset Backed Certificate (herein called the “Certificate”). Also issued under the Indenture, dated as of March 13, 2014, among the Trust, The Bank of New York Mellon, as trustee and indenture collateral agent, are six classes of Notes designated as “Class A-1 0.21000% Asset Backed Notes” (the “Class A-1 Notes”), “Class A-2 0.57% Asset Backed Notes” (the “Class A-2 Notes”), “Class A-3 0.90% Asset Backed Notes” (the “Class A-3 Notes”), “Class B 1.68% Asset Backed Notes” (the “Class B Notes”), “Class C 2.15% Asset Backed Notes” (the “Class C Notes”), “Class D 2.54% Asset Backed Notes” (the “Class D Notes”) and “Class E 3.58% Asset Backed Notes” (the “Class E Notes”) (the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes, the “Notes”). This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the holder of this Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of retail installment sale contracts secured by new and used automobiles, vans or light duty trucks (the “Receivables”), all monies due thereunder on or after the Cutoff Date, security interests in the vehicles financed thereby, certain bank accounts and the proceeds thereof, proceeds from claims on certain insurance policies and certain other rights under the Trust Agreement and the Sale and Servicing Agreement, all right, title and interest of the Seller in and to the Purchase Agreement dated as of March 13, 2014 between AmeriCredit Financial Services, Inc. and the Seller and all proceeds of the foregoing. The holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement, the Indenture and the Trust Agreement, as applicable. Distributions on this Certificate will be made as provided in the Trust Agreement or any other Basic Document by wire transfer or check mailed to the Certificateholder without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Servicer on behalf of the Owner Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency maintained for the purpose by the Owner Trustee in the Corporate Trust Office. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Owner Trustee, by manual signature, this Certificate shall not entitle the holder hereof to any benefit under the Trust Agreement or the Sale and Servicing Agreement or be valid for any purpose. THIS CERTIFICATE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

  • CF Shadow Series means a series of Capital Stock that is identical in all respects to the shares of Capital Stock (whether Preferred Stock or another class issued by the Company) issued in the relevant Equity Financing (e.g., if the Company sells Series A Preferred Stock in an Equity Financing, the Shadow Series would be Series A-CF Preferred Stock), except that:

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Additional Mortgage shall have the meaning assigned to such term in Section 5.10(c).

  • Serviced Companion Loan Securities Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets of an Other Securitization Trust, which assets include a Serviced Companion Loan (or a portion thereof or interest therein).