CDO Indenture definition
Examples of CDO Indenture in a sentence
Notwithstanding the foregoing, Sellers are not making any representation pursuant to this Section 3.11 with respect to events, occurrences or developments not within the reasonable control of the Sellers or their Affiliates that could result in a failure to satisfy any Par Value Coverage Test or Par Value Test (as defined in each CDO Indenture).
As to any other Eligible CDO Retained Assets, such term shall have the meaning set forth in the applicable CDO Indenture provided that Agent determines that such balance is calculated consistently with the definition of such term set forth in the Existing CDO Indentures.
If such term is not defined in any subsequent CDO Indenture or Agent determines that such definition is inconsistent with the definition set forth in the Existing CDO Indentures, such term shall as to such Eligible CDO Retained Assets have the meaning agreed to by Borrower and Agent, which the parties agree shall be consistent with the definition of such term described in the Existing CDO Indentures.
Notwithstanding the foregoing, Sellers are not making any representation pursuant to this Section 3.12 with respect to events, occurrences or developments not within the reasonable control of the Sellers or their Affiliates that could result in a failure to satisfy any Par Value Coverage Test or Par Value Test (as defined in each CDO Indenture).
Any (a) “interest coverage test” (as defined in a CDO Indenture), (b) “par value test” (as defined in a CDO Indenture), or (c) other coverage test under a CDO Indenture which in effect requires the payment, prepayment or redemption of securities ranking senior in priority to other securities to cause compliance with such coverage test before payments are made on junior ranking securities or equity interests.
Seller has delivered to Buyer a true, complete and correct copy of the CDO Indenture and the CDO II Indenture.