Examples of Credit Risk Retention Rules in a sentence
In no event shall the Owner Trustee, the Paying Agent or the Certificate Registrar have any responsibility to monitor compliance with or be charged with knowledge of the Credit Risk Retention Rules, nor shall any of them be liable to any investor, Noteholder, party or any other Person whatsoever for violation of such rules or requirements or such similar provisions now or hereafter in effect.
An economic interest in the credit risk of the Trust Loan is expected to be retained pursuant to the U.S. Credit Risk Retention Rules as an “eligible vertical interest” (as defined in the U.S. Credit Risk Retention Rules) in the form of the Combined VRR Interest.
TMCC, as “sponsor” within the meaning of the Credit Risk Retention Rules, shall cause the Seller to retain the [“eligible vertical interest”][“eligible horizontal residual interest”] (as defined in the Credit Risk Retention Rules) (the “Retained Interest”) on the Closing Date and TMCC will not, and will cause the Seller and each Affiliate of TMCC not to, sell, transfer, finance or hedge the Retained Interest except as permitted by the Credit Risk Retention Rules.
On the Closing Date, pursuant to the WFB Trust Loan Purchase Agreement, WFB, an “originator” (within the meaning of the U.S. Credit Risk Retention Rules) of the Trust Loan, shall receive, as partial consideration for its sale to the Depositor of 20% of the Trust Loan, Class VRR Certificates with an initial aggregate Certificate Balance of $5,167,368, representing approximately 20% (by principal balance) of the entire VRR Interest as of the Closing Date (the “WFB VRR Interest Portion”).
CREFI will act as “retaining sponsor” under, and as defined in, the U.S. Credit Risk Retention Rules.