Impaired Interest definition

Impaired Interest means an Interest which is Impaired.

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Impaired Interest means a Purchased Loan with respect to which foreclosure or default (whether or not declared) has occurred.

Impaired Interest means any Collateral Interest or any other security included in the Collateral:

Examples of Impaired Interest in a sentence

• The Trustee will promptly notify the Issuer if the Collateral Manager has determined that (i) any Collateral Interest has become an Impaired Interest, a Deferred Interest ▇▇▇ ▇▇▇▇, a Credit Risk Interest or a Written Down Interest or (ii) the Trustee has received an Equity Interest in connection with any Collateral Interest.

• The Trustee will promptly notify the Issuer if the Collateral Manager has determined that (i) any Collateral Interest has become an Impaired Interest, a Deferred Interest ▇▇▇ ▇▇▇▇, a Credit Risk Interest, a Credit Improved Interest, a Future Funding Interest or a Written Down Interest or (ii) the Trustee has received an Equity Interest in connection with any Collateral Interest.

• The Collateral Manager may, in its reasonable discretion, direct the Issuer to sell or otherwise dispose of any Impaired Interest, Credit Risk Interest, Written Down Interest, Buy/Sell Interest, Taxed Collateral Interest, Taxed Property or Withholding Tax Interest.

More Definitions of Impaired Interest

Impaired Interest means any Interest in an Impaired Class of Interests.

Impaired Interest means an Interest that is Impaired.

Impaired Interest. A Collateral Interest if (a) it is not a CMBS Security or a Real Estate CDO Security and foreclosure or a payment default (whether or not declared) with respect to such Collateral Interest or the related Commercial Mortgage Loan has occurred or (b) it is a CMBS Security or Real Estate CDO Security and the published rating of such Collateral Interest has been downgraded, qualified or withdrawn by any Rating Agency from the ratings that were in place as of the date of purchase by the Issuer.

Impaired Interest means any Collateral Interest or any other security included in the Collateral which (a) is not a CMBS and foreclosure or a payment default (whether or not declared) with respect to the related Commercial Mortgage Loan has occurred or (b) is a CMBS and the published rating from of such Collateral Interest has been downgraded, qualified or withdrawn by any Rating Agency from the ratings that were in place as of the Closing Date (or, in the case of additional Collateral Interests, the date of purchase by the Issuer).