CMO Transaction definition

CMO Transaction means any financing arrangement involving (i) the incurrence of Indebtedness supported by Liens (or Indebtedness secured by Liens) on real estate owned by the Borrower or any Subsidiary, or on the Capital Stock of any Subsidiary formed exclusively to hold any direct or indirect interest in such real estate, and on related assets (including reserve accounts) or (ii) the issuance of Capital Stock of a Real Estate Subsidiary.
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Examples of CMO Transaction in a sentence

  • The Borrower will not, and will not permit any Subsidiary to, enter into any Sale and Leaseback Transaction or CMO Transaction unless the sum of (a) the Attributable Debt or Indebtedness to be outstanding pursuant to such Sale and Leaseback Transaction or CMO Transaction and (b) all Attributable Debt or Indebtedness then outstanding pursuant to all other Sale and Leaseback Transactions or CMO Transactions entered into by the Borrower or any Subsidiary after the Closing Date would not exceed $2,500,000,000.

  • Except as contemplated by the CMO Transaction Documents, since September 30, 2012, (a) there has not occurred any event or circumstance that has had or would reasonably be expected to have a Partnership Material Adverse Effect and (b) other than with respect to entering into this Agreement and the other Transaction Documents and with respect to the transactions contemplated hereby and thereby, the Business has been conducted, in all material respects, in the ordinary course consistent with past practice.