CRE CDO definition

CRE CDO means commercial real estate collateralized debt obligations.
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CRE CDO means CDO/CLO Securities that entitle the holder thereof to receive payments that depend (except for rights or other assets designed to assume the servicing or timely distribution of proceeds to holders of such CDO/CLO Securities) on the cash flow from (and not the market value of) a portfolio of at least 80 per cent. by principal balance of commercial real estate assets (including, without limitation, CMBS Securities and REIT Debt Securities).
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Examples of CRE CDO in a sentence

  • With respect to any CMBS Security or CRE CDO Security that is a certificated security, such Security is a certificated security in registered form, or is in uncertificated form and held through the facilities of (a) The Depository Trust Company in New York, New York, or (b) such other clearing organization or book-entry system as is designated in writing by the Issuer.

  • To Seller’s best knowledge, except as included in the Collateral File, (i) no interest shortfalls have occurred and no realized losses have been applied to such CMBS Security or CRE CDO Security or otherwise incurred with respect to any mortgage loan related to such CMBS Security or CRE CDO Security, and (ii) the Seller is not aware of any circumstances that could have a material adverse effect on such CMBS Security or CRE CDO Security.

  • Losses were evaluated for selected liabilities in Public Finance, RMBS, CMBS, CRE CDO, CLO and other structured credit securities.

  • Upon consummation of the purchase contemplated to occur in respect of such Security on the Closing Date, Seller will have validly and effectively conveyed to Issuer all legal and beneficial interest in and to such CMBS Security or CRE CDO Security free and clear of any and all liens, pledges, encumbrances, charges, security interests or any other ownership interests of any nature.

  • In the case of any CMBS Security or CRE CDO Security that is a certificated security, Seller has delivered to Issuer or its designee such certificated security, along with any and all certificates, assignments, and bond powers executed in blank, necessary to transfer such certificated security under the issuing documents of such CMBS Security or CRE CDO Security.

  • Xxxxxx Title: President and Chief Financial Officer LENDER: RAIT CRE CDO I, LTD., a Cayman Islands limited liability company By: RAIT PARTNERSHIP, L.P., a Delaware limited partnership, its Master Servicer and Special Servicer By: RAIT General, Inc., a Maryland corporation, its General Partner By: /s/ Xxxxxxx X.

  • In connection with the pricing of CDO I in October 2005, through JER CRE CDO 2005-1, Limited, the Company entered into an amortizing interest rate swap with an initial notional balance of approximately $110 million and a final maturity of June 2015.

  • First, defendants contend that RAIT lacks standing to enter judgment on the loan because RAIT assigned all of its rights in the loan to another company, RAIT CRE CDO I, Ltd.

  • Thereafter, such promissory note was assigned to Nomura CRE CDO Grantor Trust, Series 2007-2.

  • Thereafter, Nomura Credit assigned the Senior Loan to the Nomura CRE CDO Grantor Trust, Series 2007-2 (“Nomura Trust”).

Related to CRE CDO

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • S&P CDO Monitor The dynamic, analytical computer model developed by S&P and used to calculate the default frequency in terms of the amount of debt assumed to default as a percentage of the original principal amount of the Collateral Obligations consistent with a specified benchmark rating level based upon certain assumptions (including the applicable S&P Minimum Weighted Average Recovery Rate) and S&P’s proprietary corporate default studies, as may be amended by S&P from time to time upon notice to the Issuer, the Trustee, the Collateral Manager and the Collateral Administrator. Each S&P CDO Monitor will be chosen by the Collateral Manager (with notice to the Collateral Administrator) and associated with either (x) an S&P Minimum Weighted Average Recovery Rate and an S&P Minimum Weighted Average Floating Spread from Section 2 of Schedule 4 or (y) an S&P Minimum Weighted Average Recovery Rate and an S&P Minimum Weighted Average Floating Spread confirmed by S&P, provided that as of any date of determination the Weighted Average S&P Recovery Rate for the Highest Ranking Class equals or exceeds the S&P Minimum Weighted Average Recovery Rate for such Class chosen by the Collateral Manager and the Weighted Average Floating Spread equals or exceeds the S&P Minimum Weighted Average Floating Spread chosen by the Collateral Manager. The model version of the S&P CDO Monitor is available at xxxxx://xxx.xx.xxxxxxxxxxxxxx.xxx.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • PMI means the default insurance provided by private mortgage insurance companies.

  • CAC means the Cyberspace Administration of China.

  • Growler means any fillable, sealable container complying with federal law.

  • NCB means National City Bank, a national banking association, together with its successors and assigns.

  • LCME means Liaison Committee on Medical Education, an organization that accredits educational institutions granting degrees in medicine and surgery. The board approves programs that are accredited by LCME.

  • Morningstar DBRS means DBRS, Inc., and its successors in interest.

  • Finance Company means any Finance Company or other lender with whom You have agreed a Loan or credit agreement through the Supplying Outlet.

  • CDO shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • CREFC® Financial File The data file in the “CREFC® Financial 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.

  • Gemini means that part of the information exchange system identified as such and forming part of UK Link;

  • ABC means ABC, Inc., a New York corporation and a wholly owned Subsidiary of the Borrower, or any successor thereto.

  • CMSA Financial File means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Financial File" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • MMP means a moisture management plan to control water intrusion and prevent the development of Mold or moisture at the Mortgaged Property throughout the term of this Loan Agreement.

  • Financial Management Manual means the Financial Management Manual dated March 13, 2009 adopted by the Project Implementing Entity and which sets out the policies and procedures for establishing and maintaining a financial management system to be implemented by the Project Implementing Entity in the carrying out of the Project.

  • PMC means Project Management Consultant who is designated supervision agency during execution of this project.

  • MERC means the Maharashtra Electricity Regulatory Commission.

  • CCI means Charter Communications, Inc., a Delaware corporation, and any successor Person thereto.

  • CCMA means the Commission for Conciliation, Mediation and Arbitration established in terms of section 112 of the Labour Relations Act, 1995;

  • Support Partners – means any successful vendor who entered into partnership agreement with CIPC and/or its clients for the provision of support services to a specific solution.

  • DBSA means the Development Bank of Southern Africa Limited.

  • GC means these General Conditions of Contract;

  • CSC means the Civil Service Commission of the City and County of San Francisco.