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.
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
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