CDO Security definition

CDO Security means any Collateral Debt Security issued by an entity formed for the purpose of investing and reinvesting in a pool of commercial and/or industrial bank loans (excluding any SME CLO), obligations and/or debt securities or other Collateral Debt Securities, subject to a specified investment and management criteria.
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CDO Security means a debt security issued by an entity formed for the purpose of investing and, in certain cases, reinvesting in a pool comprised primarily of debt obligations and/or debt securities (including Asset-Backed Securities) subject to specified investment and management criteria.
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CDO Security means any obligation, primarily secured directly by, or representing ownership of, corporate loan obligations, commercial loan obligations, asset backed securities, bank loan obligations, sovereign loan obligations, corporate debt obligations or sovereign debt obligations (or any similar assets or a pool of any combination of such assets).
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Examples of CDO Security in a sentence

  • Upon consummation of the purchase contemplated to occur in respect of such Security on the Closing Date, Seller will have validly and effectively conveyed to Issuer all legal and beneficial interest in and to such CMBS Security or CRE CDO Security free and clear of any and all liens, pledges, encumbrances, charges, security interests or any other ownership interests of any nature.

  • They are however short-lived, and the contrast will improve with the square-root of time.

  • With respect to any CMBS Security or CRE CDO Security that is a certificated security, such Security is a certificated security in registered form, or is in uncertificated form and held through the facilities of (a) The Depository Trust Company in New York, New York, or (b) such other clearing organization or book-entry system as is designated in writing by the Issuer.

  • To Seller’s best knowledge, except as included in the Collateral File, (i) no interest shortfalls have occurred and no realized losses have been applied to such CMBS Security or CRE CDO Security or otherwise incurred with respect to any mortgage loan related to such CMBS Security or CRE CDO Security, and (ii) the Seller is not aware of any circumstances that could have a material adverse effect on such CMBS Security or CRE CDO Security.

  • To the extent that security is given for the payment of this guarantee or the Obligations, each Guarantor authorizes the Administrative Agent and the Lenders to apply such security and direct the order or manner of sale thereof as they in their sole discretion may determine.

  • Therefore, if the company decides to dispose of any particular CDO security, no assurance can be given that it will be able to dispose of such CDO Security at the prevailing market price.

  • In the case of CDO Securities, obligations subject to the credit risk of the same entity are included in the pools of assets securing more than one CDO Security.

  • Each CRE CDO Security is of investment grade and consists of asset-backed securities, which security 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 the asset-backed securities) on the cash flow from a portfolio of underlying collateral.

  • First of all, at the CDO Security level, the Investment Manager monitors the relevant tests of every CDO, such as the Weighted Average Rating Factor (“WARF”) test which evaluates the credit quality of the portfolios.

  • Such Exchanging Holder has good and marketable title to such Exchanging Holder’s CDO Securities described in the Recitals and such CDO Security is now and will on the Closing Date be free and clear of all pledges, claims, liens, restrictions, charges, encumbrances, security interests, conditional sales agreements and other obligations of any kind or nature, other than as are set forth in the indenture or other governing documents of the applicable Fund.


More Definitions of CDO Security

CDO Security means any Asset Backed Security in respect of which all or substantially all of the relevant Financial Assets are corporate loans and/or corporate debt securities and/or Asset Backed Securities and/or one or more credit default swap agreements referencing corporate loans and/or corporate debt securities and/or Asset Backed Securities or otherwise referencing corporate credit (including, for these purposes, sovereign and/or quasi-sovereign credit). For the avoidance of doubt, "CDO Security" does not include any SME Loan Backed Securities.
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CDO Security means a collateralized bond obligation, a collateralized loan obligation or a collateralized debt obligation.
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Related to CDO Security

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph .32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • Proposal Security means the proposal bond as described in Section 3.3 of Exhibit B to the ITP.

  • System Security means the secure state of the Grid achieved when the System Operator acts in accordance with its principal performance obligations in relation to common quality and dispatch that are set out in Part 7 of the Code;

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;

  • Relevant Security means the Stock, any other equity security of the Company or any of its subsidiaries and any security convertible into, or exercisable or exchangeable for, any Stock or other such equity security.

  • Exempt Security means any security that is expressly exempted from the preclearance or reporting requirements of the Code, where applicable.

  • Component Security means with respect to an Index, each component security of that Index.

  • Clearing Corporation Security means securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.

  • Reference Security means the security specified as such in the relevant Final Terms. If a Reference Security is no longer outstanding, a Similar Security will be chosen by the Quotation Agent at 11:00 a.m. (CET) on the third Business Day preceding the Make-whole Redemption Date, quoted in writing by the Quotation Agent to the Issuer and published in accordance with Condition 12 (Notices).

  • Unrestricted Certificated Security means a Certificated Security that is not a Restricted Security.

  • Loaned Security means any “security” which is delivered as a Loan under a Securities Loan Agreement; provided that, if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation, or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange was made.

  • German Security means the assets which are the subject of a security document which is governed by German law.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • Permitted Security means any Security:

  • Treasury Security means the United States Treasury security that the Treasury Dealer determines would be appropriate to use, at the time of determination and in accordance with standard market practice, in pricing the Notes being redeemed in a tender offer based on a spread to United States Treasury yields.

  • Cyber Security means the condition in which road vehicles and their functions are protected from cyber threats to electrical or electronic components.

  • Mortgage-related security means an obligation that is rated AA or higher (or the equivalent) by a securities rating agency recognized by the Securities Valuation Office of the NAIC and that either:

  • Related Security means, with respect to any Receivable:

  • Covered Security means a security as defined in Section 2(a)(36) of the Act, which includes: any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, pre-organization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security,” or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

  • Food Security Act means the Food Security Act of 1985, 7 U.S.C. §1631, as amended, and the regulations promulgated thereunder.

  • Agency Security means a mortgage-backed security issued by an Agency.

  • exchange-traded security means a security that is listed on a recognized exchange or is quoted on a recognized quotation and trade reporting system or is listed on an exchange or quoted on a quotation and trade reporting system that is recognized for the purposes of National Instrument 21-101 Marketplace Operation and National Instrument 23-101 Trading Rules;