CLO Investments definition

CLO Investments means securities based on, collateralized by or otherwise backed by one or more pools of assets consisting primarily of Bank Loans.
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CLO Investments. Investments by an Advisory Subsidiary in subordinated, interest-only or residual interests in Collateralized Loan Obligations or the pool of commercial loans, high-yield bonds or emerging market obligations securing or otherwise backing Collateralized Loan Obligations.
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CLO Investments. Investments by an Advisory Subsidiary in subordinated Collateralized Loan Obligations for which PII has a CLO Management Contract.
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Examples of CLO Investments in a sentence

  • As part of this strategy, NP ELM intends to utilise the CLO market as a means of obtaining exposure to a diversified pool of Collateral Obligations and CLO Investments.

  • Such objective is intended to be achieved by way of a long term investment strategy in the Collateral Obligations and CLO Investments.

  • Whether assets are held directly by NP ELM or via CLO Investments, it is NP ELM’s intention that, in each case, the portfolios will be actively managed (by NP ELM or the relevant Collateral Manager, as the case may be) to minimise default risk and potential loss through comprehensive credit analysis performed by NP ELM (including via the advice provided to it under the Portfolio Advisory Agreement) or the relevant Collateral Manager (as applicable).

  • The investment objective of NP ELM is to generate attractive risk-adjusted returns from its investment in the Aggregate Portfolio through the origination and/or purchase of Collateral Obligations and CLO Investments.

  • Aggregate Portfolio means each portfolio of Collateral Obligations and CLO Investments held by or on behalf of NP ELM from time to time.

  • Series I Portfolio means the portfolio of Collateral Obligations and CLO Investments held by or on behalf of NP ELM from time to time and designated in the Portfolio Database as forming part of the “Series I Portfolio”.

  • Series II Portfolio means the portfolio of Collateral Obligations and CLO Investments held by or on behalf of NP ELM from time to time and designated in the Portfolio Database as forming part of the “Series II Portfolio”.

  • The Issuer’s core investment strategy (the Core Investment Strategy) is to invest, through NP ELM, in Collateral Obligations and CLO Investments.

  • See CRS Legal Sidebar WSLG1143, Congress Contemplates Extending Volcker Rule Conformance Period for CLO Investments, by David H.

  • Investments in other entities managed by the Investment ManagerAs at 31 March 2009 the Group held investments with a total value of Euro Nil (2008: Euro 4,479,375) in the following entities, which are managed by the Investment Manager: Cheyne ABS Investments I plc and Cheyne CLO Investments I Limited.

Related to CLO Investments

  • Portfolio Investments has the meaning set forth in the introductory section of this Agreement.

  • Restricted Investments means all Investments except the following:

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • Cash Equivalent Investments means at any time:

  • Other Investments means assets which are not Direct Investments or Underlying Funds.

  • Eligible Investments mean book-entry securities, negotiable instruments or securities represented by instruments in bearer or registered form which evidence:

  • Specified Investments means (a) direct obligations of the United States of America or obligations fully guaranteed by the United States of America; (b) commercial paper rated A-1/P-1 by S&P and Moody's, respectively or, if such ratings are unavailable, rated by any nationally recognized rating organization in the United States equal to the highest rating assigned by such rating organization; (c) investments in negotiable certificates of deposit, time deposits, banker's acceptances, commercial paper or other direct obligations of, or obligations guaranteed by, commercial banks organized under the laws of the United States or of any political subdivision thereof (or any U.S. branch of a foreign bank) with issuer ratings of at least B/C by Thomson Bankwatch, having maturities no later than 90 days following the date of such investment; (d) overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers; or (e) overnight repurchase agreements with respect to the securities described in clause (a) above entered into with an office of a bank or trust company which is located in the United States of America or any bank or trust company which is organized under the laws of the United States or any state thereof and has capital, surplus and undivided profits aggregating at least $500 million. SSB. State Street Bank and Trust Company of Connecticut, National Association, a national banking association or any successor Owner Trustee in its individual capacity.

  • Qualified Investments means any and all securities, obligations or accounts in which municipalities may invest their funds under applicable Maine law.

  • Investments as defined in Section 7.8.

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

  • Equity Investments shall have the meaning provided in the preamble to this Agreement.

  • Liquid Investments means (a) readily marketable direct full faith and credit obligations of the United States of America or obligations unconditionally guaranteed by the full faith and credit of the United States of America; (b) commercial paper issued by (i) any Lender or any Affiliate of any Lender or (ii) any commercial banking institutions or corporations rated at least P-1 by Moody’s or A-1 by S&P; (c) certificates of deposit, time deposits, and bankers’ acceptances issued by (i) any of the Lenders or (ii) any other commercial banking institution which is a member of the Federal Reserve System and has a combined capital and surplus and undivided profits of not less than $250,000,000 and rated Aa by Moody’s or AA by S&P; (d) repurchase agreements which are entered into with any of the Lenders or any major money center banks included in the commercial banking institutions described in clause (c) and which are secured by readily marketable direct full faith and credit obligations of the government of the United States of America or any agency thereof; (e) investments in any money market fund which holds investments substantially of the type described in the foregoing clauses (a) through (d); (f) readily and immediately available cash held in any money market account maintained with any Lender; provided that, such money market accounts and the funds therein shall be unencumbered and free and clear of all Liens and other third party rights other than a Lien in favor of the Administrative Agent pursuant to the Security Documents; and (g) other investments made through the Administrative Agent or its Affiliates and approved by the Administrative Agent. All the Liquid Investments described in clauses (a) through (d) above shall have maturities of not more than 365 days from the date of issue.

  • Alternative Investments means investments in the said State which are within the ability and competence of the Company or of corporations which are related to the Company for the purposes of the Companies (Western Australia) Code and which are approved by the Minister from time to time as alternative investments for the purpose of this Agreement (which approval shall not be unreasonably withheld in the case of an investment which would add value or facilitate the addition of value, beyond mining, to the mineral resources of the said State);”;

  • Quoted Investments has the meaning set forth in Section 5.12(b)(ii)(A).

  • Restricted Investment means an Investment other than a Permitted Investment.

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party and (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party.

  • Permitted Business Investments means Investments made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business, including through agreements, transactions, interests or arrangements that permit one to share risk or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties, including without limitation:

  • Permitted Investments means:

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Portfolio Investment means any Investment held by the Borrower and its Subsidiaries in their asset portfolio.

  • Cash Equivalent Investment means, at any time:

  • Permitted Investment means an Investment by the Company or any Restricted Subsidiary in:

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Co-Investment Transaction means any transaction in which a Regulated Fund (or its Wholly-Owned Investment Sub (defined below)) participated together with one or more Affiliated Funds and/or one or more other Regulated Funds in reliance on the Order.