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Windermere VII CMBS (IRSH)

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Friday 15 March, 2013

Windermere VII CMBS

Restriction on Lenders' right to demand payment

RNS Number : 1601A
Windermere VII CMBS Plc
15 March 2013



To:                                          The Irish Stock Exchange Limited
28 Anglesea Street
Dublin 2

Headline:                                Restriction on Lenders' right to demand payment

Date:                                       15 March 2013

Re:                                          Windermere VII CMBS p.l.c. (the "Issuer")

Class A1 Commercial Mortgage Backed Notes due April 2016

Class A2 Commercial Mortgage Backed Notes due April 2016

Class X Commercial Mortgage Backed Notes

Class B Commercial Mortgage Backed Notes due April 2016
Class C Commercial Mortgage Backed Notes due April 2016

Class D Commercial Mortgage Backed Notes due April 2016

Class E Commercial Mortgage Backed Notes due April 2016

Class F Commercial Mortgage Backed Notes due April 2016


(together, the "Notes")


Capitalised terms used and not defined herein shall have the meaning ascribed to them in the prospectus dated 12 May 2006 in relation to the Notes.

The Notes are admitted to the official list of the Irish Stock Exchange and to trading on its regulated market.

Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse), together with implementing Commission Directives 2003/124/EC of 22 December 2003 and 2004/72/EC of 29 April 2004, as implemented by the relevant member states, require disclosure by or on behalf of the Issuer of any inside information concerning the Notes.

The following notice has been prepared by and issued at the request of the Special Servicer. The Issuer has not independently verified the information contained in this notice. Accordingly, the Issuer hereby gives notice of the following with respect to the Nordostpark Mortgage Loan:

Further to the RIS notification dated 14 December 2012 pursuant to which the Special Servicer informed the Noteholders of the commencement of forced administration proceedings (Zwangsverwaltung) and forced sales proceedings (Zwangsversteigerung) in relation to the Nordostpark Mortgaged Properties, the Special Servicer has agreed with the Nordostpark Borrower not to demand payment (kein ernsthaftes Einfordern) of the amounts outstanding under the Nordostpark Mortgage Loan until and including 1 April 2013, subject to certain conditions.

The agreement shall allow for the finalisation of a business plan setting out the details for the realisation of asset management opportunities of the Nordostpark Mortgaged Properties and the realisation of their value through a free market sale.

For queries related to the above please contact:
                                                 [email protected] 


For and on behalf of Windermere VII CMBS p.l.c.






This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.



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