Examples of Cure Action in a sentence
The Portfolio Manager will not have any obligation to consider or take any EU Retention Cure Action and, if the Portfolio Manager determines not to take any EU Retention Cure Action, it may no longer be eligible to act as the Retention Holder pursuant to the EU Retention Requirements.With respect to the commitment of the Retention Holder to retain a material net economic interest in the securitisation, please see the statements set out in " The Retention Holder and Retention Requirements" below.
The Portfolio Manager will not have any obligation to consider or take any EU Retention Cure Action and, if the Portfolio Manager determines not to take any EU Retention Cure Action, it may no longer be eligible to act as the Retention Holder pursuant to the EU Retention Requirements.
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Such EU Retention Cure Action may include, but is not limited to, action intended to enable the Collateral Manager to qualify as the Retention Holder other than as a "sponsor" for the purposes of the EU Retention Requirements.
Such EU Retention Cure Action may include, but is not limited to, action intended to enable the Investment Manager to qualify as the Retention Holder other than as a "sponsor" for the purposes of the EU Retention Requirements.
The shareholdings of independent directors elected by a public company shall not be counted in the total referred to in the preceding paragraph; if a public company has elected two or more independent directors, the share ownership figures calculated at the rates set forth in the preceding paragraph for all directors and supervisors other than the independent directors and shall be decreased by 20 percent.
If the Retention Holder no longer qualifies as a “sponsor” and no EU Retention Cure Action is, or can be taken, the transaction will no longer comply with the EU Retention Requirements.
The Investment Manager will not have any obligation to consider or take any Retention Cure Action and, if the Investment Manager does not take any Retention Cure Action, it may no longer be eligible to act as the Retention Holder pursuant to the EU Retention Requirements.
Such Retention Cure Action may include, but is not limited to, action intended to enable the Portfolio Manager to qualify as the Retention Holder other than as a “sponsor” for purposes of the EU Risk Retention Requirements.
Although, to the extent that it is able to do so, the Collateral Manager may direct a Regulatory Refinancing in accordance with Condition 7(b)(ix) (Optional Redemption effected through Regulatory Refinancing) (or take other Retention Cure Action) and purchase additional Notes thereunder in order to maintain compliance with the Retention Requirements, there can be no assurance that the Regulatory Refinancing will be viewed effective for such purposes by the applicable governmental authorities.