CLO definition

CLO means any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by a Lender or an Affiliate of such Lender.

CLO shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

CLO has the meaning assigned to such term in Section 9.04(b).

Examples of CLO in a sentence

• The assets purchased into the CLO trust are sourced from primary and secondary markets, which may include Barclays.

• Illiquidity in respect of collateralised debt obligations may affect the NoteholdersIn previous years, events in the collateralised debt obligation (including CLO), leveraged finance and fixed income markets have resulted in substantial fluctuations in prices for leveraged loans and high yield securities and limited liquidity for such instruments.

• The Company may provide structuring and placement services for the VIE and although not obligated, the Company generally makes a market in the securitizations issued by the CLO trusts.The Company had no exposure to loss in these CLO trusts as of June 30, 2019.Municipal Bond VehiclesThe Company establishes Tender Option Bond (“TOB”) truststhrough which investors finance their municipal fixed incomeinstruments at short-term rates.

• While the CLO issued by the Issuer and managed by the Collateral Manager is expected to be excluded from much of the new rules, the time and attention as well as the financial costs associated with compliance with these rules, or other rules adopted in the future, could nonetheless divert the Collateral Manager’s resources away from managing the Issuer’s portfolio, which could adversely affect both the Issuer and the portfolio, and which in turn could have an adverse effect on the Collateral and the Notes.

• Furthermore, it may not be possible to substitute the Issuer with another company that isincorporated in another jurisdiction within the EEA that does not charge VAT on CLO collateral management and administration fees.

More Definitions of CLO

CLO have the following meanings:

CLO shall have the meaning assigned to such term in the definition of Qualified Transferee.

CLO as defined in subsection 11.6(b).

CLO means a collateralized loan obligation vehicle or similar debt securitization vehicle or entity.

CLO means any person that is primarily engaged in the issuance of securities based on, collateralized by or otherwise backed by one or more pools of assets consisting primarily of bank loans.

CLO means the Cornell Lab of Ornithology, a unit of Cornell University, with offices located at 000 Xxxxxxxxx Xxxxx Xxxx, Ithaca, New York 14850, USA, telephone 000-000-0000.

CLO means collateralized loan obligations.