Conduit Securitization definition
Conduit Securitization means the series of agreements, dated November 12, 2007, as amended and restated on August 28, 2012 and from time to time, among, among others, the Company, the Subsidiary Guarantors and Charles Street ABS, establishing a conduit securitization program of certain of our mortgage loans.
Conduit Securitization means a previous securitization of a pool of fixed-rate first lien conduit commercial mortgage loans, excluding any so-called "large loan" and, unless Lender has determined that a Securitization of a pool of fixed-rate first lien conduit commercial mortgage loans has not occurred for a period of at least one hundred twenty (120) days, any so-called "fusion" securitization.
Conduit Securitization any transaction involving the issuance of commercial mortgage backed securities collateralized primarily by newly originated loans (i) issued for the purpose of securitizations, (ii) with fixed interest rates and maturities of 7 to 10 years and (iii) with loan-to-value ratios generally averaging approximately 75% and debt service coverage ratios generally averaging 1.25 based on net cash flow from the underlying real estate, all as reasonably determined by the Manager, acting in good faith.
Examples of Conduit Securitization in a sentence
LA FAYETTE ASSET SECURITIZATION LLC c/o Calyon New York Branch 1301 Avenue of the Americas ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Attention: Conduit Securitization With a copy to the Administrative Agent (except in the case of notice from the Administrative Agent).
Beitner Honigman Miller Schwartz and C▇▇▇ ▇▇▇ 2290 First ▇▇▇▇▇▇▇l ▇▇▇▇▇i▇▇ 660 Woodward Avenue Detroit, Michigan 48226 ▇▇▇▇▇▇▇▇▇: (313) 465-7320 Facsimile: (313) 465-7321 Issuer▇: ATLANTIC ASSET SECURITIZATION LL▇ c/o Calyon New York Branch 1301 Avenue of the Americas New York, New York ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇: (▇▇▇) ▇▇▇-▇▇▇▇ ▇ttention: Conduit Securitization ▇▇▇▇▇ With a copy to the Administrative Agent (except in the case of notice from the Administrative Agent).
More Definitions of Conduit Securitization
Conduit Securitization means a Permitted Securitization effected through the issuance of commercial paper through a commercial paper conduit.