Common use of Risk Retention Clause in Contracts

Risk Retention. The Seller represents that the Purchased Certificate Interests either (i) were not previously retained by the Seller to comply with its obligations under the joint final rules (the “Risk Retention Rules”) implementing the credit risk retention requirements of Section 15G of the Exchange Act with respect to each related securitization transaction represented by the Trust Agreements or (ii) relate to a securitization transaction that is no longer required under the Risk Retention Rules to comply with the Risk Retention Rules.