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.
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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.
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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.

Related to Consolidated Variable Interest Entities

  • Variable Interest Entity means any variable interest entity that the Borrower is required to consolidate at any time pursuant to FASB ASC 810 - Consolidation. Schedule 1.01(a) identifies the entities that are Non-Subsidiary Variable Interest Entities as of the date hereof. Schedule 5.13 identifies the entities that are Variable Interest Entities that are Subsidiaries as of the date hereof.

  • Consolidated Interest Expense means, with respect to any Person for any period, the sum, without duplication, of:

  • Consolidated Interest Charges means, for any period, for the Company and its Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses of the Company and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, and (b) the portion of rent expense of the Company and its Subsidiaries with respect to such period under Capital Leases that is treated as interest in accordance with GAAP.

  • Consolidated Scheduled Funded Debt Payments means, as of any date for the applicable period ending on such date with respect to the Borrower Parties on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness made during such period (including the implied principal component of payments made on Capitalized Leases during such period) as determined in accordance with GAAP.

  • Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.