The OnDelete element allows the server telling the client which action it will take on the current entity when a "leading" entity is deleted. Allowed action values are "Cascade" and "None".
This list of actions is incomplete, the full list of ON DELETE values in standard SQL is
- NO ACTION
- CASCADE
- SET NULL
TSQL in addition defines the value
- SET DEFAULT
The latter would also make sense in the CSDL context as a property can have a default value.