CLO Securities definition

CLO 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, 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.

CLO Securities has the meaning set forth in the definition of “CLO Takeout”.

CLO Securities has the meaning set forth in the recitals.

Examples of CLO Securities in a sentence

• Structured Finance Instruments Scope: CLO Securities Execution Method:Alcentra will decide on a case-by-case basis which execution method will ensure the best possible execution for the client.

• The Issuer will invest in a portfolio of Collateral Debt Obligations consisting at the time of acquisition of predominantly Senior Loans, Second Lien Loans, Mezzanine Obligations, High Yield Bonds, CLO Securities and Synthetic Securities (referencing Senior Loans, Second Lien Loans, Mezzanine Obligations and High Yield Bonds), as well as certain other investments, all of which will have greater credit and liquidity risk than investment grade sovereign or corporate bonds or loans.

• The Synthetic Securities which are securities and the CLO Securities held by the Custodian on behalf of the Issuer through its account with Euroclear will also be the subject of a commercial pledge under Belgian law created by the Issuer pursuant to the Belgian Law Pledge Agreement on the Closing Date.

• The Servicer shall not create, incur, assume or suffer to exist any Indebtedness of the Servicer except for (i) Indebtedness incurred in the ordinary course of business in an aggregate principal amount at any time outstanding not to exceed $2,500,000, (ii) Indebtedness under the CLO Securities and (iii) other Indebtedness owing to one or more of the members of the Silver Point Group in an aggregate principal amount at any time outstanding not to exceed $10,000,000.

• Each Borrower Party (to the extent it will be a CLO Issuer) has complied, and will comply, with all undertakings related to Rule 17g-5 made by it or on its behalf to each rating agency hired to provide the initial credit ratings on the applicable CLO Securities.

More Definitions of CLO Securities

CLO Securities means notes or similar securities secured principally by a portfolio of collateral that includes all or a material portion of the Collateral.

CLO Securities means the securities or other obligations issued by the CLO Issuers.

CLO Securities means any CLO Notes or CLO Preference Shares.

CLO 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, 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. “Code” means the Internal Revenue Code of 1986, as amended from time to time. “Collateral” has the meaning assigned to such term in the Guarantee and Security Agreement. “Collateral Agent” means SMBC in its capacity as Collateral Agent for the Secured Parties under the Guarantee and Security Agreement and the other Loan Documents and includes any successor Collateral Agent thereunder. “Collateral Pool” means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (as defined in the Guarantee and Security Agreement) (subject to any Liens permitted by Section 6.02); provided that, notwithstanding the foregoing, in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (other than customary rights of setoff, banker’s lien, security interest or other like right upon deposit accounts and securities accounts in which such Portfolio Investments are held) security interest pursuant to a valid Uniform Commercial Code filing (and for which no other method of perfection with a higher priority is possible), such Portfolio Investment may be included in the Co...

CLO Securities is defined in the Credit Agreement.

CLO Securities means the notes and securities issued in the CLO Transaction. "CLO Sold Portfolio Investments" means the Portfolio Investments transferred to the collateralized loan obligation issuer in connection with the CLO Closing Date. "CLO Transaction" means the collateralized loan obligation transaction whose investment assets are to be managed by Carlyle Credit Solutions, Inc. or one of its affiliates. "CME Term SOFR Administrator" means CME Group Benchmark Administration Limited as administrator of the forward-looking term SOFR (or a successor administrator). "Code" means the Internal Revenue Code of 1986, as amended. "Collateral" has the meaning set forth in Section 8.02(a). "Collateral Accounts" has the meaning set forth in Section 8.01(a). "Collateral Administrator" has the meaning set forth in the introductory section of this Agreement. "Collateral Agent" has the meaning set forth in the introductory section of this Agreement. "Collateral Principal Amount" means on any date of determination (A) the aggregate principal balance of the Portfolio Investments, excluding the unfunded balance of any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Collateral Accounts (in each case, including cash and Eligible Investments) representing Principal Proceeds as of such date and the amounts on deposit in the Unfunded Exposure Account and each Permitted Non-USD Currency Unfunded Exposure Account (in each case, including cash and Eligible Investments) as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

CLO 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, in each case, entitle the holders thereof to receive payments that (i) depend on the cash flow from a portfolio consisting primarily DOCVARIABLE #DNDocID \* MERGEFORMAT 765655780 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.