Examples of Taberna VI in a sentence
Our U.S. TruPS portfolio is comprised of assets collateralizing Taberna III, Taberna IV, and Taberna VI through Taberna IX, and our interests in Taberna I, Taberna II and Taberna V, and includes TruPS and subordinated debentures, unsecured REIT note receivables, CMBS receivables, other securities, commercial mortgages and mezzanine loans.
On the Closing Date, in addition to the obligations agreed to by CT under Section 2(b)(vi) and (vii) herein, the CT Entities shall pay all reasonable costs and expenses incurred by Taberna VI in connection with the authorization, execution and delivery of this Agreement and the transactions contemplated hereby, including the reasonable fees of one counsel for Taberna VI.
To the extent the assets of Taberna VI or the proceeds of such assets are insufficient to meet the obligations of Taberna VI hereunder in full, Taberna VI shall have no further liability in respect of such outstanding obligations.
Taberna VI also issued $47,000 of preference shares upon closing.
The following CDO entities are consolidated as of December 31, 2008: Taberna Preferred Funding III, Ltd., or Taberna III, Taberna Preferred Funding IV, Ltd., or Taberna IV, Taberna Preferred Funding VI, Ltd., or Taberna VI, Taberna Preferred Funding VII, Ltd., or Taberna VII, Taberna Preferred Funding VIII, Ltd., or Taberna VIII, Taberna Preferred Funding IX, Ltd., or Taberna IX, RAIT CRE CDO I, Ltd., or RAIT I, and RAIT Preferred Funding II, Ltd., or RAIT II.
None of the rights or obligations of the CT Entities under this Agreement may be assigned, whether by operation of law or otherwise, without the prior written consent of Taberna VI.
The notes payable issued by Taberna VI consist of 11 classes of notes bearing interest at spreads over 90-day LIBOR ranging from 36 to 450 basis points or at fixed rates ranging from 6.8% to 10.0%.
The Company retained $26,000 of common and preference shares and $3,000 of subordinated debt issued by Taberna VI, excluding discounts.
Our U.S. TruPS portfolio is comprised of assets collateralizing the securitizations Taberna III, Taberna IV, and Taberna VI through Taberna IX, and our interests in the securitizations Taberna I, Taberna II and Taberna V, and includes TruPS and subordinated debentures, unsecured REIT note receivables, CMBS receivables, other securities, commercial mortgages and mezzanine loans.
Recourse hereunder solely with respect to Taberna VI shall be limited solely to the assets of Taberna VI.