Performing Notes definition
Performing Notes means mortgage notes and notes receivable which are not more than 30 days past due or otherwise in default; provided, that, in the case of mortgage notes and notes receivable that generate cash and non-cash payments, such mortgage notes and notes receivable shall be treated as Performing Notes whose value is determined solely by reference to the cash payments and references to the income generated by the Performing Notes shall include only the cash payments which have current payments payable in cash.
Performing Notes means mortgage notes and notes receivable which are not more than thirty (30) days past due or otherwise in default.
Performing Notes means mortgage notes, notes receivable and other investments in Real Property (other than investments in or loans to, directly or indirectly, an Investment Fund, or joint venture arrangements with an Investment Fund, or an affiliated or unaffiliated operating company in which such Investment Fund or joint venture arrangements with an Investment Fund owns an equity interest), valued at the lower of cost or market in accordance with GAAP and which are not more than 30 days past due or otherwise in default; provided, that, in the case of mortgage notes, notes receivable and other investments in Real Property that generate cash and non-cash payments, such mortgage notes, notes receivable and other investments in Real Property shall be treated as Performing Notes whose value is determined solely by reference to the cash payments and references to the income generated by the Performing Notes shall include only the cash payments which have current payments payable in cash.
Examples of Performing Notes in a sentence
The undersigned are mutually desirous of doing business with respect to the arranging, selling and buying of Residential and/or Commercial Portfolios of Real Estate Owned properties, Non-Performing Notes and/or Performing Notes (the “Asset”) in cooperation with one another and with third parties for the mutual benefit of all.
More Definitions of Performing Notes
Performing Notes means mortgage notes, notes receivable and other