Asset Financing Facility definition
Asset Financing Facility means any indebtedness or obligations under securitization transactions, repurchase facilities, warehouse facilities, note-on-note financings, other credit facilities and arrangements similar to any of the foregoing and any other indebtedness or obligations, in each case, secured directly or indirectly by, and incurred for the primary purpose of directly or indirectly funding the origination or acquisition of, or any Investment in, or otherwise financing, refinancing or capitalizing any previous origination or acquisition of, or Investment in, any CRE Finance Assets.
Asset Financing Facility means any indebtedness or obligations under securitization transactions, repurchase facilities, warehouse facilities, note-on-note financings, other credit facilities and arrangements similar to any of the foregoing and any other indebtedness or obligations, in each case, secured directly or indirectly by, and incurred for the primary purpose of directly or indirectly funding the origination, acquisition or holding of, or any Investment in, or otherwise financing, refinancing or capitalizing any previous origination, acquisition or holding of, or Investment in, any CRE Finance Assets, but excluding any facility relating to Non-Recourse Indebtedness.
Asset Financing Facility means any indebtedness or obligations under securitization transactions, repurchase facilities, warehouse facilities, note-on-note financings, other credit facilities and arrangements similar to any of the foregoing and any other Indebtedness or obligations, in each case, secured directly or indirectly by, and incurred for the primary purpose of directly or indirectly funding the origination or acquisition of, or any Investment in, or otherwise financing, refinancing or capitalizing any previous origination or acquisition of, or Investment in, any CRE Finance Assets (including, for the avoidance of doubt, any financing secured by Capital Stock in any special purpose Subsidiary that directly or indirectly owns CRE Finance Assets of the type referred to in clause (iii) of the definition of “CRE Finance Assets” and no other material assets; provided that such CRE Finance Asset is not otherwise financed on the asset level). For the avoidance of doubt, the Existing Repurchase Facilities and the Existing CIBC Facility shall constitute Asset Financing Facilities hereunder.
Examples of Asset Financing Facility in a sentence
The Merchant Asset Financing Facility provided Merchant Asset Financing with capital required to finance equipment leases and to make asset-backed loans.
Except as would not, individually or in the aggregate, reasonably be expected to be material to the Target Companies, General Partner Entities and Sponsored Funds, taken as a whole, each Asset Financing Facility is valid, binding and enforceable against the applicable Subsidiary of the Sponsored Fund and, to the Knowledge of the Seller, each other party thereto, and is in full force and effect, except as may be limited by the Equitable Exception.