Examples of Regulation RR in a sentence
Additionally, each of the parties hereto hereby agrees and, as evidenced by its acceptance of any benefits hereunder, the Certificateholder agrees, in no event shall the Owner Trustee have any responsibility to monitor compliance with, make calculations or provide or otherwise make available information or documents required by Regulation RR, EU Retention Requirements or any other rules or regulations regarding risk retention.
The Sponsor intends to satisfy this obligation by maintaining a seller’s interest in the Master Trust, calculated in accordance with Regulation RR, that will equal not less than 5% of the aggregate unpaid principal balance of all DiscoverSeries notes, other than any notes that are at all times held by Discover Bank or one or more wholly-owned affiliates of Discover Bank ("adjusted outstanding investor ABS interests").
In accordance with the credit risk retention rules of Regulation RR, Discover Bank, as Sponsor, is required to retain an economic interest in the credit risk of the Master Trust receivables.
Latest income and business tax returns filed and paid through the BIR Electronic Filing and Payment System (eFPS), and In accordance with Executive Order (E.O.) No. 398, Revenue Regulation (R.R.) No. 03-2005 and Revenue Memorandum Circular (RMC) 16 – 2005, the above-mentioned tax returns shall refer to the following: 1.
All invoices, bills and/or delivery receipts shall be compliant with the BIR Revenue Regulation (RR) No. 18-2012, Revenue Memorandum Circular (RMC) Nos.