Eligible Horizontal Residual Interest definition

Eligible Horizontal Residual Interest means an eligible horizontal residual interest, as defined in the Credit Risk Retention Rules, in the Issuer.
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Eligible Horizontal Residual Interest. (as such term is defined in the Credit Risk Retention Rules) that the Retaining Sponsor would have been required to retain under the Credit Risk Retention Rules;
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Eligible Horizontal Residual Interest means the Certificates with an initial par amount of $38,902, representing no less than 5% of the fair value of all of the Notes and the Certificates issued on the Closing Date, retained by the EPOB2 Sponsor/Seller or any of its majority-owned affiliates to comply with the requirements of the U.S. Risk Retention Rules.
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Examples of Eligible Horizontal Residual Interest in a sentence

  • To the extent that an Eligible Horizontal Residual Interest is retained as a Retained Interest in connection with any Note Balance Increase, the Sponsor will determine such fair value of the Retained Interest based on its own valuation methodology, inputs and assumptions and will be solely responsible therefor.

  • The Sponsor or one or more of its Majority-Owned Affiliates holds an Eligible Horizontal Residual Interest equal to at least 5% of the fair value of all the ABS Interests issued as part of the transactions contemplated by the Transaction Documents, determined as of the Note Initial Increase Date and any Note Balance Increase Date using a fair value measurement framework under United States generally accepted accounting principles (such interest, the “Retained Interest”).


More Definitions of Eligible Horizontal Residual Interest

Eligible Horizontal Residual Interest means an “eligible horizontal residual interest” as defined in the Rule.
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