Consolidated Variable Interest Entities definition
Consolidated Variable Interest Entities means the assets and liabilities of the non-recourse legacy CDOs (collectively, NorthStar CDOs I, II, III, IV, V, VI, VII, VIII and IX, CapitalSource Real Estate Loan Trust 2006-A and CapLease CDO 2005-1), and any other “variable interest entities” listed as such on NRFC’s publicly-filed consolidated financial statements prepared in accordance with GAAP.
Consolidated Variable Interest Entities means, with respect to any Person, any corporation, association or other entity which is or is required to be consolidated with such Person under Accounting Standards Codification subtopic 810-10, Consolidation: Overall (including any changes, amendments or supplements thereto) or, if such person prepares its financial statements in accordance with accounting principles other than the accounting principles generally accepted in the United States of America, the equivalent of Accounting Standards Codification subtopic 810-10, Consolidation: Overall under such accounting principles.
Examples of Consolidated Variable Interest Entities in a sentence
In addition, the Company may, to the extent permitted by law, and directly or indirectly (regardless of whether such Notes are surrendered to the Company), repurchase Notes in the open market or otherwise, whether by the Company or through its Subsidiaries, Consolidated Variable Interest Entities or through a private or public tender or exchange offer or through counterparties to private agreements.
Failure to give such notice, or any defect therein, shall not affect the legality or validity of such action by the Company or one of its Subsidiaries or Consolidated Variable Interest Entities, Merger Event, dissolution, liquidation or winding-up.