Examples of Regulation RR in a sentence
BMW FS, as “sponsor” within the meaning of Regulation RR, shall cause the Depositor to retain the [“eligible horizontal residual interest”][“eligible vertical residual interest”] (as defined by Regulation RR (the “Retained Interest”)) on the Closing Date and BMW FS will cause the Depositor and each Affiliate of BMW FS not to sell, transfer, finance or hedge the Retained Interest except as permitted by Regulation RR.
The Payment Date Certificate related to the first Collection Period will also include the disclosure required by Rule [4(c)(1)(ii)][4(c)(2)(ii)] of Regulation RR.
BMW Financial Services determined the fair value of the [“eligible horizontal residual interest”][“eligible vertical residual interest”] (such interest, the “Retained Interest”) disclosed in the Preliminary Prospectus under the heading “Credit Risk Retention,” and will determine the fair value of such Retained Interest on the Closing Date as required by Rule [4(c)(1)(ii)][4(c)(2)(ii)] of Regulation RR.