Junior Interest. (a) A senior, pari passu or junior participation interest in a performing Commercial Real Estate Loan or (b) a senior, pari passu or junior note or certificate in an “A/B” or similar structure in a performing Commercial Real Estate Loan.
Junior Interest means a performing junior participation interest in a stabilized or transitional senior commercial, multifamily fixed or floating rate mortgage loan secured by a first lien on multifamily and commercial properties or a subordinate portion of a Senior Mortgage Loan evidenced by a Junior Certificate.
Junior Interest. (a) A junior participation interest in a performing commercial real estate loan, or (b) a “B-note” in an “A/B structure” (or a more subordinate note in an “A/B/C”, “A/B/C/D” or similar structure) in a performing commercial real estate loan, each as determined by Buyer; provided, however, that notwithstanding anything to the contrary contained herein, any junior participation interest or “B-note” (or more subordinate note) as to which each of the related senior participation interests or senior notes, as applicable, are Purchased Assets hereunder shall not be “Junior Interests” for any purposes under this Agreement, the Fee and Pricing Letter or any of the other Repurchase Documents (and instead such junior interest(s) and senior interest(s) shall be collectively treated as a Whole Loan for all purposes hereunder and thereunder).
Examples of Junior Interest in a sentence
A Junior Interest Holder may bid at the foreclosure sale and redeem the Property per Section 721.855(7)(f) or 721.856(7)(f), Florida Statutes.
Not pari passu Servicing Rights Retained Transfers Junior Interest for 50% of Loan Retains 10% of Loan Commercial Corporation 1 Transfers Senior Interest for 40% of Loan Commercial Corporation 2 Commercial Corporation 3 a.
Calale - Plaintiff’s Petition to Confirm Sale and Divest Junior Interest (Seq.
The parents’ capital interest would be an applicable retained interest that must be valued at zero if the capital interest is a “distribution right,” which includes the right to receive distributions with respect to the partner’s interest unless the right is of the same class or junior to the transferred interest.Retained Junior Interest Exception.
Exhibit “A”: Junior Interest Holder Name, Junior Interest Holder Address; None, N/A.
More Definitions of Junior Interest
Junior Interest means a “B-note” in an “A/B” structure in a commercial real estate loan.
Junior Interest. (a) A junior participation interest in a performing commercial real estate loan or (b) a “B-note” in an “A/B structure” in a performing commercial real estate loan, for which the combined DSCR is not less than that set forth in the related Confirmation, taking into account, in the calculation of the LTV and the DSCR of such Junior Interest, any senior or pari passu Indebtedness secured directly or indirectly by the applicable Underlying Mortgaged Property (including, if applicable, any Preferred Equity).
Junior Interest means (a) a senior, pari passu or junior participation interest in a performing Commercial Real Estate Loan or (b) a senior, pari passu or junior note or certificate in an “A/B” or similar structure in a performing Commercial Real Estate Loan, in each case where the Underlying Mortgaged Property is stabilized and non-transitional.
Junior Interest has the meaning set forth in the Preliminary Statements.
Junior Interest means, at any time, an undivided percentage ownership interest, which is intended to constitute a beneficial interest, issued by Seller to Finance LLC pursuant to the Second Tier Sale Agreement, in (i) each Receivable arising prior to the time of the most recent computation or recomputation of the Investor Interest, (ii) all Related Security with respect to each such Receivable, and (iii) all Collections with respect to, and other proceeds of, each such Receivable, representing the interest therein not constituting the Investor Interest. The Junior Interest shall be junior and subordinate to the Investor Interest, in accordance with the terms and conditions of this Agreement.
Junior Interest shall have the meaning specified in Exhibit VI.
Junior Interest means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests and distributions upon liquidation of the Partnership, ranks junior to the Class C Convertible Preferred Units, including but not limited to Common Units, Class B Units and Subordinated Units.