CPO Condition definition
CPO Condition means, in respect of a Hedge Agreement or a Hedge Transaction, receipt by the Collateral Manager (with a copy to the Issuer and Trustee) of legal advice from reputable legal counsel to the effect that the entry into such arrangements shall not require any of the Issuer, its directors or officers or the Collateral Manager or its directors, officers or employees to register with the United States Commodities Futures Trading Commission as a commodity pool operator or a commodity trading advisor pursuant to the United States Commodity Exchange Act of 1936, as amended.