Real Estate CDO Securities definition

Real Estate CDO Securities means securities that entitle the holders thereof to receive payments that depend on the cash flow from or the credit exposure to a portfolio consisting primarily of (i) REIT Debt Securities, (ii) commercial mortgage backed securities, (iii) commercial mortgage loans or interests therein or (iv) a combination of the foregoing; provided that such dependence may in addition be conditioned upon rights or additional assets designed to assure the servicing or timely distribution of proceeds to holders of the Real Estate CDO Securities such as a financial guaranty insurance policy.
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Real Estate CDO Securities means securities that entitle the holders thereof to receive payments that depend on the cash flow from or the credit exposure to a portfolio consisting of at least 85% (i) REIT Debt Securities, (ii) CMBS Securities, (iii) other Specified Types or (iv) a combination of the foregoing; provided that such dependence may in addition be conditioned upon rights or additional assets designed to assure the servicing or timely distribution of proceeds to holders of the Real Estate CDO Securities such as a financial guaranty insurance policy; provided that a Real Estate CDO Security shall not include a CMBS Re-REMIC Security.
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Examples of Real Estate CDO Securities in a sentence

  • The Buyer, as “entitlement holder” (as defined in Section 8-102(a) of the Uniform Commercial Code) with respect to the CMBS Securities and Real Estate CDO Securities, shall be entitled to receive all cash dividends and distributions paid in respect thereof and such amounts shall be applied in accordance with Section 7 hereof.

  • The CPP Sub-Accounts shall be named respectively as follows: (i) “CPP Sub-Account — REIT Debt Securities- Fixed Rate”, (ii) “CPP Sub-Account — REIT Debt Securities - Floating Rate”, (iii) “CPP Sub-Account — CMBS Securities - Fixed Rate”, (iv) “CPP Sub-Account — CMBS Securities — Floating Rate”, (v) “CPP Sub-Account — Real Estate CDO Securities - Fixed Rate”, and (vi) “CPP Sub-Account — Real Estate CDO Securities - Floating Rate”.

  • The Issuer intends to purchase for investment Collateral Debt Securities primarily consisting of CMBS Securities, REIT Debt Securities and Real Estate CDO Securities.