Structured Finance Investments definition

Structured Finance Investments means, collectively, Investments directly or indirectly in (or in entities (other than Gramercy Capital Corp.) whose Investments are primarily in) (i) Indebtedness secured by Mortgages and Indebtedness in the form of mezzanine loans, and (ii) preferred equity Investments (including preferred limited partnership interests) in entities owning (or leasing pursuant to a Ground Lease) class B (or better) office properties located in the greater New York, New York area. Structured Finance Investments shall also include existing Investments of the types described in the preceding sentence in entities with office properties in locations other than the greater New York, New York area, which existing Investments are held by the Borrower or a Wholly Owned Subsidiary of the Borrower as of the Agreement Date.

Structured Finance Investments means, collectively, Investments directly or indirectly in (i) Indebtedness secured by Mortgages and Indebtedness in the form of mezzanine loans, (ii) preferred equity Investments (including preferred limited partnership interests) in entities owning (or leasing pursuant to a Ground Lease) office, retail or multifamily properties and (iii) certificates, notes or similar instruments issued by vehicles holding promissory notes secured by a Mortgage.

Structured Finance Investments is deleted in its entirety and the following is substituted in lieu thereof:

Examples of Structured Finance Investments in a sentence

• As of the Agreement Date, Schedule 6.1.(z) is a correct and complete list of all Eligible Properties and all Structured Finance Investments, and the name of each Subsidiary that owns or leases any such Property or that owns any such Structured Finance Investment.

• As of the Agreement Date, Schedule 6.1.(y) is a correct and complete list of all Eligible Properties, all Identified Properties and all Structured Finance Investments, and the name of each Subsidiary that owns or leases any such Property or that owns any such Structured Finance Investment.

• Subject to the provisions of §2.5, the proceeds of the Loans shall be used by the Borrower to pay the costs and expenses of closing the Facility and for making Structured Finance Investments, provided, however, that no portion of any Loan may be used for the purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

• As of the Agreement Date (and after giving effect to the Acquisition), Schedule 6.1.(y) is a correct and complete list of all Eligible Properties, all Identified Properties and all Structured Finance Investments, and the name of each Subsidiary that owns or leases any such Property or that owns any such Structured Finance Investment.

• Higher delinquency and default rates of nonprime residential mortgages and lower housing prices may result in higher credit losses of the portfolios backing Structured Finance Investments.

More Definitions of Structured Finance Investments

Structured Finance Investments contained in Section 1.1. thereof as follows:

Structured Finance Investments means, collectively, Investments by the Parent, the Borrower or their respective Subsidiaries directly or indirectly in (i) Mortgage Notes, (ii) mezzanine loans evidenced by promissory notes of which the Borrower is the holder and direct payee, to entities that hold direct or indirect interests in DC Office Properties, (iii) Investments in Preferred Equity in entities owning DC Office Properties, and (iv) that certain Twenty-Five Million Dollar ($25,000,000) loan to Xxxxxxx and Xxxxxx Xxxxx, secured by forty-nine percent (49%) of their interest in the sole member of the owner of that certain real property located at 000 X. Xxxxxx XX, Xxxxxxxxxx, XX.

Structured Finance Investments means, collectively, Investments directly or indirectly in (or in entities (other than Gramercy Capital Corp.) whose Investments are primarily in) (i) Indebtedness secured by Mortgages and Indebtedness in the form of mezzanine loans, and (ii) preferred equity Investments (including preferred limited partnership interests) in entities owning (or leasing pursuant to a Ground Lease) class B (or better) office properties located in the

Structured Finance Investments means, collectively, Investments by the Parent (provided that, with respect to any direct Investment by the Parent, only to the extent existing as of the Effective Date and disclosed on Schedule 1.1.(B)), the Borrower or their respective Subsidiaries directly or indirectly in (i) Mortgage Notes, (ii) mezzanine loans evidenced by promissory notes of which the Borrower is the holder and direct payee, to entities that hold direct or indirect interests in DC Office Properties, (iii) Investments in Preferred Equity in entities owning DC Office Properties, and (iv) that certain Thirty-Four Million Dollar ($34,000,000) loan to Xxxxxxx and Xxxxxx Xxxxx, secured by forty-nine percent (49%) of their interest in the sole member of the owner of that certain real property located at 000 X. Xxxxxx XX, Xxxxxxxxxx, XX.

Structured Finance Investments means, collectively, investments by the Borrower or one of its Subsidiaries directly or indirectly in (i) mezzanine loans evidenced by promissory notes in which the Borrower holds a direct interest as payee, to entities that hold direct or indirect interests in commercial real estate projects, (ii) investments in preferred equity (including preferred limited partnership interests) in entities owning commercial real estate projects, and(iii) collateralized mortgage backed securities and collateralized debt obligations (including any subordinated promissory notes secured by real estate).

Structured Finance Investments means, collectively, Investments directly or indirectly in (or in entities (other than Gramercy Capital Corp.) whose Investments are primarily in)

Structured Finance Investments means, collectively, investments by the Borrower or one of its Subsidiaries directly or indirectly in (i) mezzanine loans evidenced by promissory notes in which the Borrower holds a direct interest as payee, to entities that hold direct or indirect interests in commercial real estate projects, (ii) investments in preferred equity (including preferred limited partnership interests) in entities owning commercial real estate projects, and (iii) collateralized mortgage backed securities and collateralized debt obligations (including any subordinated promissory notes secured by real estate).