EU Retention Requirements definition

EU Retention Requirements means Article 6 of the Securitisation Regulation (together with any delegated regulations of the European Commission, applicable guidelines published by any of the European Supervisory Authorities (jointly or individually), regulatory technical standards, or implementing technical standards made thereunder, together with Chapters I, II and III and Article 22 of Delegated Regulation (EU) No 625/2014 where such provisions are applicable pursuant to the transitional provisions in Article 43(7) of the Securitisation Regulation), in each case as of the Effective Date.

EU Retention Requirements means Article 6 of the Securitisation Regulation (together with any delegated regulations of the European Commission, applicable guidelines published by any of the European Supervisory Authorities (jointly or individually), regulatory technical standards, or implementing technical standards made thereunder, together with Chapters I, II and III and Article 22 of Delegated Regulation (EU) No 625/2014 where such provisions are applicable pursuant to the transitional provisions in Article 43(7) of the Securitisation Regulation).

EU Retention Requirements means Article 6 of the Securitisation Regulation (together with any delegated regulations, applicable guidance, regulatory technical standards, or implementing technical standards made thereunder).

Examples of EU Retention Requirements in a sentence

• Additionally, each of the parties hereto hereby agrees and, as evidenced by its acceptance of any benefits hereunder, the Certificateholder agrees, in no event shall the Owner Trustee have any responsibility to monitor compliance with, make calculations or provide or otherwise make available information or documents required by Regulation RR, EU Retention Requirements or any other rules or regulations regarding risk retention.

• In exercising its rights pursuant to any Retention Financing Arrangements, any lender would not be required to have regard to the EU Retention Requirements and any such sale or appropriation may therefore cause the transaction described in this Offering Circular to be non-compliant with the EU Retention Requirements.

• As a result of such restrictions, the Issuer, or the Collateral Manager on its behalf, may be restricted from building or maintaining the par value of the Collateral in certain circumstances under which they would otherwise be able to do so, in order to comply with the provisions of the Conditions intended to achieve ongoing compliance with the EU Retention Requirements.

• Additionally, each of the parties hereto hereby agrees and, as evidenced by its acceptance of any benefits hereunder, the Certificateholder agrees, in no event shall the Owner Trustee have any responsibility to monitor compliance with, make calculations or provide or otherwise make available information or documents required by Regulation RR, EU Retention Requirements, UK Retention Requirements or any other rules or regulations regarding risk retention.

• NP ELM intends to be classified as an "originator" for the purposes of the EU Retention Requirements and will acquire CLO Retention Investments from Retention CLOs with the intention of complying with the EU Retention Requirements.

More Definitions of EU Retention Requirements

EU Retention Requirements means the CRR Retention Requirements, the AIFMD Retention Requirements and the Solvency II Retention Requirements.

EU Retention Requirements means Article 6 of the EU Securitisation Regulation, including (i) any regulatory and/or implementing technical standards in relation thereto (including Chapters I, II and III and Article 22 of Delegated Regulation (EU) No 625/2014 where such provisions are applicable pursuant to the transitional provisions in Article 43(7) of the EU Securitisation Regulation) and (ii) any guidance published in relation thereto by the ESMA, the European Banking Authority, the European Commission or the European Central Bank; provided that any reference to the EU Retention Requirements shall be deemed to include any successor or replacement provisions of Article 6 of the EU Securitisation Regulation included in any European Union directive or regulation.

EU Retention Requirements means Article 6 of the Securitisation Regulation, together with any guidance published in relation thereto by the EBA, including any regulatory and/or implementing technical standards, provided that any reference to the EU Retention Requirements shall be deemed to include any successor or replacement provisions of Article 6 of the Securitisation Regulation included in any European Union directive or regulation.",

EU Retention Requirements means Article 6 of the Securitisation Regulation.Any change to the manner in which such interest is held will be notified to investors. Mortgage Loans have not been selected to be sold to the Issuer with the aim of rendering losses on the Mortgage Loans sold to the Issuer, measured over a period of 4 (four) years, higher than the losses over the same period on comparable assets held on UCI Portugal' balance sheet.UCI Portugal (as Originator) will undertake, inter alia, to the Arranger and the Lead Manager in the Subscription Agreement that: (a) it will acquire and retain on an ongoing basis the EU Retained Interest; (b) whilst any of the Notes remain outstanding, it will not sell, hedge or otherwise mitigate (and shall procure that none of its affiliates shall sell, hedge or otherwise mitigate) its credit exposure to the EU Retained Interest; (c) there will be no arrangements pursuant to which the EU Retained Interest will decline over time materially faster than the Principal Outstanding Balance of the Mortgage Assets transferred to the Issuer; (d) it will confirm to the Issuer and the Transaction Manager, on a monthly basis, that it continues to hold the EU Retained Interest; and (e) it will provide notice to the Issuer, the Common Representative and the Transaction Manager as soon as practicable in the event it no longer holds the EU Retained Interest.Transparency under the Securitisation Regulation and Confirmations of the OriginatorFor the purposes of Article 5 of the Securitisation Regulation, the Originator has made available the following information (or has procured that such information is made available): (a) confirmation that the Originator grants all credits giving rise to the Mortgage Loans on the basis of sound and well defined criteria and clearly established processes for approving, amending, renewing and financing those credits and has effective systems in place to apply those criteria and processes in accordance with Article 9(1) of the Securitisation Regulation; (b) confirmation that the Originator will retain on an ongoing basis a material net economic interest in accordance with Article 6(3)(d) of the Securitisation Regulation and that the risk retention will be disclosed to investors in accordance with the transparency requirements required by the text of Article 7 of the Securitisation Regulation, as stated above in EU Risk Retention Requirements; and (c) confirmation that the Originator will make available the information required ...

EU Retention Requirements means Articles 404-410 (inclusive) of the CRR, together with any guidance published in relation thereto including any regulatory and/or implementing technical standards.

EU Retention Requirements. The CRR Retention Requirements, the AIFMD Retention Requirements and the Solvency II Level 2 Retention Requirements.

EU Retention Requirements has the meaning specified in Section 8.02(b). “Eurodollar Advance” means a Series 2018-1 Class A Advance that bears interest at the Eurodollar Rate during such time as it bears interest at such rate, as provided herein. “Eurodollar Business Day” means any Business Day on which dealings are also carried on in the London interbank market and banks are open for business in London. “Eurodollar Funding Rate” means, for any Eurodollar Interest Accrual Period, (i) the rate per annum determined by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Eurodollar Business Days prior to the beginning of such Eurodollar Interest Accrual Period on the page of the Reuters screen which displays the London interbank offered rate administered by ICE 5 XXXXXXXXXX00\00000000