Offsetting CDS definition

Offsetting CDS means an unfunded credit default swap, which complies with the provisions of the Investment Management Agreement which apply to Offsetting CDS, entered into between the Issuer (as protection buyer) and an Offsetting CDS Counterparty (as protection seller), under an ISDA Master Agreement (Multicurrency Cross Border Currency) or 2002 ISDA Master Agreement (or such other ISDA pro forma Master Agreement as may be published by ISDA from time to time) (together with the schedule and confirmation relating thereto, including any guarantee thereof and any credit support annex entered into pursuant to the terms thereof, and each as amended or supplemented from time to time, an "Offsetting CDS Agreement"), the Reference Obligation(s) of which is a Collateral Debt Obligation owned by the Issuer, the effect of which hedges the Issuer's credit exposure under such Collateral Debt Obligation.
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Offsetting CDS means an unfunded credit default swap, which complies with the provisions of the Investment Management Agreement which apply to Offsetting CDS, entered into between the Issuer (as protection buyer) and an Offsetting CDS Counterparty (as protection seller), under an ISDA Master Agreement (Multicurrency Cross Border Currency) or 2002 ISDA Master Agreement (or such other ISDA pro forma Master Agreement as may be published by ISDA from time to time) (together with the schedule and confirmation relating thereto, including any guarantee thereof and any credit support annex entered into pursuant to the terms thereof, and each as amended or supplemented from time to
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Offsetting CDS means an unfunded credit default swap which complies with the provisions of the Investment Management Agreement which apply to Offsetting CDS entered into between the Issuer (as protection buyer) and an Offsetting CDS Counterparty (as protection seller), under an ISDA Master Agreement (Multicurrency Cross Border Currency) or 2002 ISDA Master Agreement (or such other
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Related to Offsetting CDS

  • Deferred Intercompany Transaction has the meaning set forth in Reg. Section 1.1502-13.

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Bona Fide Debt Fund means any fund or investment vehicle that is primarily engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and other similar extensions of credit in the ordinary course.