CDO Securities means debt securities, equity securities or composite or combination securities (i.e. securities consisting of a combination of debt and equity securities that are issued in effect as a unit), including synthetic securities that provide synthetic credit exposure to debt securities, equity securities or composite or combination securities, that entitle the holders thereof to receive payments that (i) depend on the cash flow from a portfolio consisting primarily of ownership interests in debt securities, corporate loans or asset-backed securities or (ii) are subject to losses owing to credit events (howsoever defined) under credit derivative transactions with respect to debt securities, corporate loans or asset-backed securities.

CDO Securities has the meaning set forth in the Collateral Valuation Schedule.

CDO Securities means debt securities, equity securities or composite or combination securities (i.e. securities consisting of a combination of debt and equity securities that are issued in effect as a unit), including synthetic securities that provide synthetic credit exposure to debt securities, equity securities or composite or combination securities (or other investments that similarly represent an investment in underlying levered portfolios), that, in each case, entitle the holders thereof to receive payments that (i) depend on the cash flow from a portfolio consisting primarily of ownership interests in debt securities, corporate loans or asset-backed securities or (ii) are subject to losses owing to credit events (howsoever defined) under credit derivative transactions with respect to debt securities, corporate loans or asset-backed securities.

Examples of CDO Securities in a sentence

CDO Securities portfolio ($ in thousands) (1): (1) Represents non-consolidated CDO securities excluding ten securities with a zero value, which had an aggregate face amount of $117 million.
In the event that any of the Borrower or the Owners of Dedicated CDO Securities receives any Dedicated CDO Securities Cash Flow payments, such payments shall be held in trust for the benefit of the Agent and the Banks and immediately turned over to the Agent for application in accordance with this Amendment.
The incentive management fee is not ultimately determined or payable until the achievement of the Hurdle Return by the most junior CDO Securities holders.
Each Owner of Dedicated CDO Securities hereby irrevocably directs to the Agent the sole and exclusive right to receive the Dedicated CDO Securities Cash Flows until such time as the Obligations shall have been paid in full.
With respect to Mortgage Assets other than Junior Interests and GKK CRE CDO Securities, if the servicer of the Collateral is any Borrower or an Affiliate of any Borrower, upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall have the right to terminate the Borrower or Affiliate of Borrower as the servicer of the Collateral and transfer servicing to its designee, at no cost or expense to the Administrative Agent, at any time thereafter.

More Definitions of CDO Securities

CDO Securities has the meaning assigned to such term in Section 5.13.

CDO Securities means any Corporate Bond Securities issued by a special purpose vehicle that entitle the holders thereof to receive payments that depend primarily on cash flow from, or proceeds upon the sale of, a pool of bank loans or high yield securities.

CDO Securities means Asset-Backed Securities that entitle 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 commercial and industrial bank loans, other Asset-Backed Securities or corporate debt securities or any combination of the foregoing, generally having the following characteristics:

CDO Securities means any Securities issued by a special purpose vehicle that entitle the holders thereof to receive payments that depend primarily on cash flow from, or proceeds upon the sale of, a pool of bank loans or high yield securities.

CDO Securities means any Asset-Backed Security that 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 such CDO Security) on the cash flow from a portfolio of securities, loans or other obligations, including, without limitation, credit derivatives.

CDO Securities means debt securities, mezzanine securities, equity securities, residual interests or composite or combination securities (i.e. securities consisting of a combination of debt and equity securities that are issued in effect as a unit), including synthetic securities that provide synthetic credit exposure to debt securities, mezzanine securities, equity securities, residual interests or composite or combination securities (or other investments, including any interests held to comply with applicable risk retention requirements, that similarly represent an investment in underlying pools of leveraged portfolios), that entitle the holders thereof to receive payments that (i) depend on the cash flow from a portfolio consisting primarily of ownership interests in debt securities, corporate loans or asset-backed securities or (ii) are subject to losses

CDO Securities means CDO Domestic Corporate Debt Securities and CDO Structured Product Securities as described in Annex B; and any other type of Asset-Backed Securities that become a Specified Type after the Closing Date as described below and are designated as "CDO Securities" in connection therewith.