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 An abbreviation for 'single-asset, bankruptcy-remote entities' - SABREs, for short. A SABRE is an entity that owns a single asset and whose solvency is independent of affiliates. Lenders commonly require a SABRE as a borrower so that in the event of default, the collateral can be recovered more easily than from a debtor with multiple assets and multiple creditors. See, e.g., In re Gen. Growth Props., Inc., 409 B.R. 43, 49 n.15 (Bankr. S.D.N.Y. 2009) ('Sometimes referred to as a 'single-purpose entity' or 'bankruptcy remote entity,' an SPE has been described by one commentator as 'an entity, formed concurrently with, or immediately prior to, the closing of a financing transaction, one purpose of which is to isolate the financial assets from the potential bankruptcy estate of the original entity, the borrower or originator.' David B. Stratton, Special-Purpose Entities and Authority to File Bankruptcy, 23-2 Am. Bankr. Inst. J. 36 (March 2004). 'Bankruptcy-remote structures are devices that reduce the risk that a borrower will file bankruptcy or, if bankruptcy is filed, ensure the creditor procedural advantages in the proceedings.' Michael T. Madison, et al., The Law of Real Estate Financing, § 13:38 (2008).').  

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