CMBS Collateral definition

CMBS Collateral means commercial mortgage-backed pass through securities. CMBS Credit Support Depletion Event means, with respect to an Item of CMBS Collateral, that (x) the aggregate outstanding certificate principal balance of the classes of securities that provide credit support to such Item of CMBS Collateral minus (y) the aggregate amount of “appraisal reduction” amounts in effect with respect to the underlying mortgage loans and REO properties that back such Item is less than or equal to zero. For this purpose, “appraisal reduction” amounts shall be the amounts determined as such under the Governing Documents for the relevant Item of CMBS Collateral.
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CMBS Collateral means commercial mortgage-backed pass through securities issued on or after January 1, 2009. Collateral means, with respect to each Loan:
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CMBS Collateral. “Collateral Surrender”, “Collateral Value”, “Development Company Participation Certificates”, “DvP Settlement”, “Eligible Collateral”, “Expected ABS Collateral”, “Floating Rate Loan”, “FoP Settlement”, “Haircut Amount”, “Haircut Percentage”, “Item”, “Loan”, “Loan Accrual Period”, “Loan Closing Date”, “Loan Repayment Amount”, “Loan Requests”, “Loan Subscription Date”, “Market Price”, “Market Value”, “Master TALF Collateral Account”, “Maturity Date”, “New Acquisition Collateral”, “Obligation”, “Person”, “Sales Confirmation”, “SBA Pool Certificates”, “TALF Agent”, and “TALF Standing Loan Facility Procedures” are defined in the MLSA.
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Examples of CMBS Collateral in a sentence

  • Each TALF Agent shall complete the Loan Request in accordance with instructions provided by Custodian from time to time, in the form attached hereto as Appendix 3A or, in the case of a Loan to be secured by CMBS Collateral, Appendix 3B.

  • See also Citibank, CMBS Collateral Update: CMBS Delinquencies as of December 31, 2009, at 4-7 (Jan.

  • Each Initial Loan Request shall be in the form specified by Lender from time to time and shall set forth the information required to be set forth therein in accordance with the TALF Standing Loan Facility Procedures, on an aggregate basis for all Applicable BorrowersTALF Agent shall complete the Loan Request in accordance with instructions provided by Custodian from time to time, in the form attached hereto as Appendix 3A or, in the case of a Loan to be secured by CMBS Collateral, Appendix 3B.

  • Known for the highest level of coverage and accuracy, Trepp’s database was developed to understand and support the specific complexities of CMBS transactions, rather than other securitizations.Tested by Market ExtremesTrepp was selected by the Federal Reserve from a field of 62 firms as the sole CMBS Collateral Monitor for the Term Asset Backed Securities Loan Facility (TALF).

  • Further, the Federal Reserve Bank of New York chose Trepp in 2009 as its exclusive CMBS Collateral Monitor for theTerm Asset-Backed Securities Loan Facility (TALF).

Related to CMBS Collateral

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • UCC Collateral is defined in Section 3.03.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Notes Collateral means any and all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Notes Obligations.

  • Securities Collateral means, collectively, the Pledged Securities, the Intercompany Notes and the Distributions.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Receivables Collateral That portion of the Collateral which consists of Accounts, Accounts Receivable, General Intangibles, Chattel Paper, Instruments, Documents of Title, Documents, Investment Property, Payment Intangibles, Letter-of-Credit Rights, bankers’ acceptances, and all other rights to payment.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Excess Collateral has the meaning set forth in Section 5.7.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Security Collateral with respect to any Granting Party, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Notes Collateral Agent means such successor collateral agent, and the retiring Notes Collateral Agent’s appointment, powers and duties as the Notes Collateral Agent shall be terminated. After the retiring Notes Collateral Agent’s resignation hereunder, the provisions of this Section 12.08 (and Section 7.07) shall continue to inure to its benefit and the retiring Notes Collateral Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Notes Collateral Agent under this Indenture.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.