CDO Security definition

CDO Security means any Collateral Debt Security issued by an entity formed for the purpose of investing and reinvesting in a pool of commercial and/or industrial bank loans (excluding any SME CLO), obligations and/or debt securities or other Collateral Debt Securities, subject to a specified investment and management criteria.
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CDO Security means any Asset Backed Security in respect of which all or substantially all of the relevant Financial Assets are corporate loans and/or corporate debt securities and/or Asset Backed Securities and/or one or more credit default swap agreements referencing corporate loans and/or corporate debt securities and/or Asset Backed Securities or otherwise referencing corporate credit (including, for these purposes, sovereign and/or quasi-sovereign credit). For the avoidance of doubt, "CDO Security" does not include any SME Loan Backed Securities.
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CDO Security means a collateralized bond obligation, a collateralized loan obligation or a collateralized debt obligation.
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Examples of CDO Security in a sentence

  • In the case of any CMBS Security or CRE CDO Security that is a certificated security, Seller has delivered to Issuer or its designee such certificated security, along with any and all certificates, assignments, and bond powers executed in blank, necessary to transfer such certificated security under the issuing documents of such CMBS Security or CRE CDO Security.

  • Upon consummation of the purchase contemplated to occur in respect of such Security on the Closing Date, Seller will have validly and effectively conveyed to Issuer all legal and beneficial interest in and to such CMBS Security or CRE CDO Security free and clear of any and all liens, pledges, encumbrances, charges, security interests or any other ownership interests of any nature.

  • To Seller’s best knowledge, except as included in the Collateral File, (i) no interest shortfalls have occurred and no realized losses have been applied to such CMBS Security or CRE CDO Security or otherwise incurred with respect to any mortgage loan related to such CMBS Security or CRE CDO Security, and (ii) the Seller is not aware of any circumstances that could have a material adverse effect on such CMBS Security or CRE CDO Security.

  • With respect to any CMBS Security or CRE CDO Security that is a certificated security, such Security is a certificated security in registered form, or is in uncertificated form and held through the facilities of (a) The Depository Trust Company in New York, New York, or (b) such other clearing organization or book-entry system as is designated in writing by the Issuer.

  • Each CRE CDO Security is of investment grade and consists of asset-backed securities, which security entitles the holders thereof to receive payments that depend (except for rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of the asset-backed securities) on the cash flow from a portfolio of underlying collateral.

  • Such Exchanging Holder has good and marketable title to such Exchanging Holder’s CDO Securities described in the Recitals and such CDO Security is now and will on the Closing Date be free and clear of all pledges, claims, liens, restrictions, charges, encumbrances, security interests, conditional sales agreements and other obligations of any kind or nature, other than as are set forth in the indenture or other governing documents of the applicable Fund.


More Definitions of CDO Security

CDO Security means a debt security issued by an entity formed for the purpose of investing and, in certain cases, reinvesting in a pool comprised primarily of debt obligations and/or debt securities (including Asset-Backed Securities) subject to specified investment and management criteria.
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CDO Security means any obligation, primarily secured directly by, or representing ownership of, corporate loan obligations, commercial loan obligations, asset backed securities, bank loan obligations, sovereign loan obligations, corporate debt obligations or sovereign debt obligations (or any similar assets or a pool of any combination of such assets).
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Related to CDO Security

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph __.32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • Proposal Security means the proposal bond as described in Section 3.3 of Exhibit B to the ITP.