EU Retention Deficiency definition

EU Retention Deficiency. An event which shall occur if the Preferred Shares held by the Retention Holder are insufficient to constitute the EU Retained Interest.
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EU Retention Deficiency. The failure of the E.U. Retention Provider to hold the E.U. Retained Interest at such time.
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EU Retention Deficiency. The failure of the E.U./U.K. Retention Provider to hold the E.U./U.K. Retained Interest at the relevant measurement time.
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Examples of EU Retention Deficiency in a sentence

  • As a result, the Collateral Manager may be prevented from reinvesting available proceeds in Collateral Debt Obligations in circumstances where such reinvestment would cause (or would be likely to cause) an EU Retention Deficiency and therefore the Aggregate Principal Balance of Collateral Debt Obligations securing the Notes may be less than what would have otherwise have been the case if such amounts had been reinvested in Collateral Debt Obligations.

  • Further, this requirement does not apply to any additional issuance of Subordinated Notes if such issuance is required in order to prevent or cure an EU Retention Deficiency for any reason.

  • PSC tried to terminate pursuant to agreement, Vasso physically ousted Dale and assumed management, and PSC sued for dissolution and a return ofits patents and trademarks.

  • In addition, the Collateral Manager is not permitted to reinvest in Substitute Collateral Debt Obligations where such reinvestment would cause an EU Retention Deficiency.

  • Further, this requirement does not apply to any additional issuance of Subordinated Notes if such issuance is required in order to prevent or cure an EU Retention Deficiency or to ensure compliance with the U.S. Risk Retention Rules.

  • In addition, the Collateral Manager is not permitted to reinvest in Substitute Collateral Obligations to the extent such reinvestment would cause an EU Retention Deficiency.

  • In particular, if, at any time, the deposit of Trading Gains into the Principal Account would, in the sole discretion of the Collateral Manager cause (or would be likely to cause) an EU Retention Deficiency, such Trading Gains which would have been deposited into the Principal Account and designated for reinvestment or used to redeem the Notes in accordance with the Principal Proceeds Priority of Payments will instead be deposited into the Interest Account.

  • In addition, the Collateral Manager is not permitted to reinvest in Substitute Collateral Obligations where such reinvestment would cause an EU Retention Deficiency.

  • However, such requirement does not apply to any additional issuance of Class M Subordinated Notes if such issuance is required in order to prevent, cure or lessen an EU Retention Deficiency and/or to ensure compliance with the U.S. Risk Retention Rules for any reason.

  • Storage tanks, vessels, and containers holding liquid substances (wastewater, sodium hypochlorite, and aluminum sulfate).


More Definitions of EU Retention Deficiency

EU Retention Deficiency. An event which shall occur if the Subordinated Notes held by the EU Retention Provider are insufficient to constitute the EU Retained Amount.
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EU Retention Deficiency means, as of any date of determination, an event which occurs if the purchase price paid by the Retention Holder for the outstanding principal amount of the Subordinated Notes then held by the Retention Holder is less than 5% of the Retention Basis Amount and the EU Retention Requirements are not or would not be complied with as a result.
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EU Retention Deficiency means, as of any date of determination, an event which shall occur if the principal amount of the equity interests in the Borrower held by the Retention Holder as of such time is less than 5% of the nominal value of all Collateral (other than cash that does not constitute Principal Collections) as of such date.
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Related to EU Retention Deficiency

  • Erroneous Payment Return Deficiency has the meaning assigned thereto in Section 10.12(d).

  • Mental deficiency means mental deficiency as defined by appropriate clinical authorities to such extent that a person so afflicted is incapable of managing himself and his affairs, but shall not include mental illness as defined herein.

  • Construction defect means a deficiency in or a deficiency arising out of the design, specifications, surveying, planning, supervision, or observation of construction or construction of residential improvements that results from any of the following:

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 6.4(b)(vi) hereof.

  • Two-year claim limitation means no benefit is payable for any claim submitted two years or more from the date of admission or service provision.

  • Erroneous Payment Deficiency Assignment has the meaning assigned to it in Section 7.11 (d)(i).

  • Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.