ROCKALL CLO B.V. - Irish Stock Exchange

enefit and the benefit of the Eligible Counterparties party to
Secured Hedging Transactions, the Trustee and the Holders
of Issuer Indebtedness or (B) subject to any security
interests (other than Permitted Security Interests);
“Government Securities”
“Hedging and Short-Sale Advance
Amount”
“Hedging and Short-Sale
Transaction”
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
Excess Issuer Investments;
Issuer Investments (a) denominated in a currency other than
Euro that is not an Eligible Foreign Currency or (b) less than
95 per cent. of the Market Value of which is protected
against currency fluctuations through an offsetting borrowing
or requested borrowing under a Transaction Document
denominated in the currency of denomination of such Issuer
Investment at the time of purchase and/or pursuant to
Currency Hedging Transactions;
Issuer Investments in any Participation held by the Issuer
while any bank or other institution that sold such
Participation is not an Eligible Selling Institution;
Issuer Investments in Non-Credit Risk Securities and equity
Securities (which shall include the most deeply subordinated
tranche of any issuance of Asset-Backed Securities,
whether or not designated as equity);
any investment not included in the definition of "Issuer
Investment" or not described in one of the Asset Categories,
unless in each case such investment has been approved in
a Rating Agency Confirmation for inclusion in any Asset
Category by S&P for the purposes of calculating the S&P
Advance Amount or by Moody's for the purposes of
calculating the Moody's Advance Amount; and
any Dutch Ineligible Securities or investments that are
convertible into or exchangeable for Dutch Ineligible
Securities.
means Securities that are direct obligations of, and obligations the
timely payment of principal and/or interest on which is fully
guaranteed by, a Qualifying Country or any agency or instrumentality
the obligations of which are backed by the full faith and credit of a
Qualifying Country and in the form of conventional bills, bonds or
notes. In no event shall Government Securities include any: (i)
security providing for the payment of interest only, (ii) Swap
Transaction or (iii) obligation on which all or any portion of the
payments thereunder is based, directly or indirectly, on any Swap
Transaction.
means an amount, which may be positive or negative, equal to the
sum of the following positive or negative amounts: (a) the Interest
Rate/Currency Hedging Advance Amount, (b) the Defensive Hedge
Advance Amount, (c) the Short-Sale Advance Amount, (d) the Credit
Default Protection Advance Amount, (e) the Synthetic Purchase
Contract Advance Amount and (f) to the extent not included in the
foregoing, the aggregate amount of cash posted as collateral by the
Issuer (or the Collateral Manager on its behalf), for the benefit of
Eligible Counterparties, in respect of Credit Default Protection
Contracts and Synthetic Purchase Contracts.
means any transaction entered into by the Issuer with a counterparty
that is (i) a Swap Transaction, (ii) a transaction under which the
Issuer borrows a Loan or Security and sells or otherwise disposes of
such or any substantially similar Loan or Security prior to the date on
which the same must be returned to the lender thereof (and
commonly known as a “short-sale”), (iii) a Securities Lending
Transaction, (iv) a credit derivative transaction or repurchase
agreement, (v) an obligation to enter into any of the foregoing or (vi)
any combination of any of the foregoing.
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