Examples of EU Retained Interest in a sentence
Further, World Omni has not changed the retention option or method of calculating the EU Retained Interest.
World Omni has not (and has not permitted WOAR or any of its other affiliates to) subject the EU Retained Interest to any credit risk mitigation or hedging, or sold, transferred or otherwise surrendered all or part of the rights, benefits or obligations arising from the EU Retained Interest, except, in each case, to the extent permitted in accordance with the EU Securitization Rules.
On or after the Issue Date, BGFL (in its capacity as Risk Retention Holder and U.S. Retention Holder, as applicable) may directly or indirectly obtain funding to finance its economic exposure to some or all of (i) the UK Retained Interest and/or EU Retained Interest required to be retained in compliance with the UK Retention Requirement and/or EU Retention Requirement, and (ii) the U.S. Retained Interest required to be retained in compliance with the U.S. Retention Rules.
As at the Closing Date, the EU Retained Interest will be comprised of the Class C Notes.
Governing Law: The Notes and the Transaction Documents will be governed by Portuguese law (other than the Cap Agreement, which will be governed by English law).REGULATORY DISCLOSURES EU Risk Retention Requirements The Originator will retain on an ongoing basis during the life of the Transaction the EU Retained Interest.