Examples of CMBS Securities in a sentence
All of the Borrowers’ right, title and interest in the Mortgage Assets that constitute CMBS Securities shall be pledged to the Administrative Agent on the applicable Borrowing Date.
The Seller will not deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Securities Account any item except uncertificated CMBS Securities that are Purchased Assets and all cash, property, proceeds, securities or investment property with respect to such Purchased Assets.
A significant portion of the assets comprising the Portfolio consists of Real Estate Mezzanine Loans which are distressed or currently suffering losses and CMBS Securities most of which have been downgraded and a number of which are in default.
Backed by a Portfolio of RMBS Securities, CMBS Securities, CDO Securities and Other Asset-Backed Securities and Synthetic Securities of which the Reference Obligations are RMBS Securities, CMBS Securities, CDO Securities or Other Asset-Backed Securities.
No Credit Party shall acquire or maintain any right or interest in any Mortgage Asset (or, directly or indirectly, the Underlying Mortgaged Property with respect thereto) that is senior to or pari passu with the rights and interests of the Administrative Agent therein under this Agreement and the Credit Documents unless such interest is also part of the Collateral; provided that that foregoing negative covenant shall not apply to CMBS Securities.