; (III) information relating to each applicable over-collateralization test and interest coverage test and the level of compliance in relation to each test; (IV) all purchases, repayments, and sales of assets; and (V) the identity of each defaulted asset as defined in the related transaction documents. (8) Definitions for purposes of paragraph (7) For purposes of paragraph (7), the following definitions apply: (A) Balance sheet collateralized loan obligation The term balance sheet collateralized loan obligation means a collateralized loan obligation— (i) whose assets consist predominantly of loans originated and transferred to the collateralized loan obligation by one or more of its affiliates other than in— (I) open market transactions; (II) from an open market collateralized loan obligation; or (III) from a collateralized loan obligation in existence as of the effective date of this paragraph that is not a balance sheet collateralized loan obligation; and (ii) the assets and liabilities of which are, immediately after issuance of its asset-backed securities in a securitization transaction, included under generally accepted accounting principles in the consolidated balance sheet of one or more of its affiliates. (B) Collateralized loan obligation The term collateralized loan obligation means any issuing entity of an asset-backed security, as defined in section 3(a)(79) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a)(79) ), that is comprised primarily of commercial loans. (C) Covenant lite loan The term covenant lite loan means, at the time the collateralized loan obligation enters into a commitment to acquire such loan, a loan for which the underlying instruments neither— (i) require the obligor to comply with any maintenance covenant; nor (ii) contain a cross-default provision to a financing facility of the obligor that requires the obligor to comply with a maintenance covenant (including one that may apply only upon the funding of such other loan or financing facility)