CREFI definition
Examples of CREFI in a sentence
CREFI will act as “retaining sponsor” under, and as defined in, the U.S. Credit Risk Retention Rules and is expected to satisfy its risk retention requirements through the purchase and retention (directly or through a “majority-owned affiliate” (as defined in the U.S. Credit Risk Retention Rules) thereof) of the Class HRR Certificates by a “third-party purchaser” under, and as contemplated by, the U.S. Credit Risk Retention Rules.
CREFI, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent.
The CREFI Trust Loan Purchase Agreement, the BANA Trust Loan Purchase Agreement, the MSMCH Trust Loan Purchase Agreement, the BMO Trust Loan Purchase Agreement, the RBC Trust Loan Purchase Agreement and the UBS AG Trust Loan Purchase Agreement are each referred to herein as a “Trust Loan Purchase Agreement” and, collectively, as the “Trust Loan Purchase Agreements”.
CREFI, as Initial Agent, may transfer its rights and obligations to a Servicer, as successor Agent, at any time without the consent of any Noteholder.