Examples of EU Risk Retention Requirements in a sentence
If Nationwide Building Society (“Nationwide”) sells one or more new residential mortgage loans and their related security to the mortgages trustee pursuant to the terms of the mortgage sale agreement, the EU Risk Retention Requirements will apply in respect of the notes and Nationwide, in its capacity as originator, (i) on or immediately following the relevant sale date, will retain, on an on-going basis, a material net economic interest of not less than 5 per cent.
The EU Risk Retention Requirements require, amongst other things , an EU-regulated credit institution or investment firm to only invest in asset -backed securities in respect of which the originator, sponsor or original lender of the securitisation has explicitly disclosed to the EU -regulated credit institution or investment firm that it will retain, on an ongoing basis, a material net economic interest of not less than 5 per cent.
If Nationwide Building Society (“Nationwide”) sells one or more new residential mortgage loans and their related security to the mortgages trustee pursuant to the terms of the mortgage sale agreement, the EU Risk Retention Requirements will apply in respect of the notes and Nationwide, in its capacity as originator, (i) on or immediately following the relevant sale date, will retain, on an on -going basis, a material net economic interest of not less than 5 per cent.
The EU Risk Retention Requirements require, amongst other things, an EU -regulated credit institution or investment firm to only invest in asset -backed securities in respect of which the originator, sponsor or original lender of the securitisation has explicitly disclosed to the EU -regulated credit institution or investment firm that it will retain, on an ongoing basis, a material net economic interest of not less than 5 per cent.
General information (continued) Originated transactionsThe Company intends to invest in Originators (Originators or sponsors of originated credit investments- CLO’s or securitisations of pools of consumer loans including residential mortgages, credit card receivables or auto loans) which establish securitisation vehicles and retain the requisite Retention Securities in such vehicles pursuant to the EU Risk Retention Requirements and/or, in future, the U.S. Risk Retention Regulations.
The EU Risk Retention Requirements require, amongst other things, an EU-regulated credit institution or investment firm to only invest in asset-backed securities in respect of which the originator, sponsor or original lender of the securitisation has explicitly disclosed to the EU-regulated credit institution or investment firm that it will retain, on an ongoing basis, a material net economic interest of not less than 5 per cent.
With respect to the commitment of the Retention Holder to retain a material net economic interest in the securitisation and with respect to the information to be made available by the Issuer or another relevant party (or, after the Closing Date, by the Servicer or the Cash Manager on the Issuer's behalf), please see the statements set out in the section of this Prospectus headed "EU Risk Retention Requirements".
The annual contract charge of $30 and the transaction charge of $10 referred to above will be adjusted to reflect changes in the Consumer Price Index in accordance with Paragraph (6) of this Rule.
This act distinguishes between direct and indirect forms of discrimination, whereby some forms of indirect discrimination may be justified on objective or legal grounds (section 2, AWGB).
Certain aspects of the EU Risk Retention Requirements are to be further specified in regulatory technical standards to be adopted by the European Commission as a delegated regulation.