Debt Assets definition

Debt Assets means the following asset classes: (A) first mortgage loans, (B) subordinate mortgage interests, (C) mezzanine loans and (D) preferred equity investments, in each case relating to commercial real estate.
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Debt Assets means all the amounts due from debtor(s) of the Borrower to the Borrower as per the books of accounts of the Borrower at the relevant point of time and which have not remained overdue for more than 89 days and shall include the interest payable thereupon.
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Debt Assets means investment opportunities in first mortgage, mezzanine and subordinated interests, both senior and high yield debt instruments or other similar instruments, direct or indirect, in single or multiple real estate properties or assets (including, for all purposes hereunder, land, buildings and other improvements, development projects and related personal or intangible property), pools or portfolios of real estate properties or assets, partial interests or rights in real estate properties or assets, options, rights of refusal, rights of offer and similar rights in respect of real estate assets or properties or portions thereof, real estate operating or service companies, real estate investment trusts, or similar assets or interests.
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Examples of Debt Assets in a sentence

  • Notwithstanding the foregoing, Asset Manager acknowledges and agrees that NRF will operate its loan origination business for Debt Assets (“Debt Origination Business”) independently of Asset Manager, except and to the extent set forth in the services agreement relating to NRF’s Debt Origination Business entered into between NRF and Asset Manager on or around the date hereof.

  • No filing or registration with, no notice to and no permit, authorization, consent, or approval of any public or governmental body or authority or other person or entity is necessary for the consummation by EnviroTechnologies of the Transaction contemplated by this Agreement or to enable PGT to continue to conduct business with Debtors’ Assets after the Closing Date in a manner which is consistent with that in which the business with the Debt Assets is presently conducted.

  • After occurrence of Event of Default, the Lender shall be entitled to exercise all the rights of the Borrower in respect of the Debt Assets and will be entitled to proceed against the said debtor(s) of the Borrower to recover the amounts due in respect of the Debt Assets and to appropriate and utilize the same as mentioned above, without any reference/notice to the Borrower.

  • Notwithstanding the foregoing, Asset Manager acknowledges and agrees that NRF will operate its loan origination business for Debt Assets (“Debt Origination Business”) independently of Asset Manager, except and to the extent set forth in the services agreement relating to NRF’s Debt Origination Business entered into between NRF and an Affiliate of Asset Manager on or around the Initial Effective Date.

  • The ratio of the sum of Cash of the Borrower and Available Non-Pledged Debt Assets of the Borrower to Unsecured Debt to be less than 1.375 to 1.00 on the last day of any calendar month.

  • No Note Party shall, at any time, enter into or suffer to exist, or permit any of its Subsidiaries that directly or indirectly own any Specified Debt Assets or lease any Specified Debt Assets pursuant to an Operating Lease to enter into or suffer to exist any Negative Pledge upon any of its property or assets (including, without limitation, any Specified Debt Assets), except pursuant to the Note Documents and the Credit Facilities.

  • Further, in such event, the Borrower shall execute all necessary documents Version July 2021 [27] including the deed of assignment (if required) in respect of the Debt Assets.

  • Further, in such event, the Borrower shall execute all necessary documents Version January 2022 [31] including the deed of assignment (if required) in respect of the Debt Assets.

  • The Parent Guarantor or the Issuer shall, as soon as available and in any event within (i) 45 days after the end of each of the first three quarters of each Fiscal Year and (ii) 90 days after the end of the fourth quarter of each Fiscal Year, deliver to the Applicable Parties financial information in respect of all Specified Debt Assets, in form and detail satisfactory to the Controlling Party.

  • Wyoming represents and warrants to NCC that the Bad Debt Assets are all of the presently uncollected debt held by it that were owned by WCR Acquisition Co. prior to effecting the transactions contemplated by the Redemption Agreement.