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 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 has the meaning set forth in the Collateral Valuation Schedule.
Examples of CDO Securities in a sentence
Libertas IV High Grade ABS, MBS & CDO Securities 4,750 18,750 25 % Alesco Holdings, Ltd.
If the Company were to determine that it is the primary beneficiary of any CDO SPE or Trust SPE, the Company would record the assets and liabilities of each and establish a noncontrolling interest for the portion of the most junior CDO Securities that it did not hold.
Kleros Real Estate I Preference Shares MBS and RMBS 4,000 4,000 100 % Alesco Financial Holdings, LLC Kleros Real Estate II Preference Shares MBS and RMBS 4,000 4,000 100 % Sunset Financial Holdings, LLC Kleros Real Estate III Preference Shares MBS and RMBS 4,000 4,000 100 % Alesco Financial Holdings, LLC Libertas I High Grade ABS, MBS & CDO Securities 2,000 19,000 11 % Alesco Holdings, Ltd.
The incentive management fee is not ultimately determined or payable until the achievement of the Hurdle Return by the most junior CDO Securities holders.
KlerosVII High Grade ABS, MBS & CDO Securities 3,200 8,000 40 % Alesco Holdings, Ltd.
More Definitions of CDO Securities
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.
CDO Securities has the meaning assigned to such term in Section 5.13.
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 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 [[60731336359722]] 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 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 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 (each such portfolio, an “Underlying Portfolio”) of (A) other Asset-Backed Securities (other than loans secured primarily by commercial real estate), or(B) Synthetic Securities the reference obligations of which are Asset-Backed Securities (other than loans secured primarily by commercial real estate) generally having the following characteristics: (1) the debt securities have varying contractual maturities; (2) repayment thereof can vary substantially from the contractual payment schedule (if any), with early prepayment of debt securities depending on numerous factors specific to the particular issuers or obligors and upon whether, in the case of loans or securities bearing interest at a fixed rate, such securities include an effective prepayment premium; and (3) proceeds from such repayments can for a limited period and subject to compliance with certain eligibility criteria be reinvested in additional debt securities; provided that a CRE CDO Security will not be considered a CDO Security. For purposes of the Investment Criteria, CDO Securities will(x) exclude (i) CBO Securities, (ii) CLO Securities, (iii) CDO Squared Securities, (iv) Trust Preferred CDO Securities, (v) Market Value CDO Securities, (vi) Emerging Market CDO Securities, (vii) Hedge Fund CDO Securities, (viii) Private Equity CDO Securities, (ix) Black Box CDO Securities and (x) Bespoke CDO Securities and (y) include Synthetic CDO Securities.
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.