Retention Event definition

Retention Event means any failure of the Retention Provider to comply with the requirements of Section 10.14.

Retention Event. An event which occurs if at any time the EU/UK Retention Provider materially breaches the terms of the Risk Retention Letter.

Retention Event. An event which occurs if at any time the Retention Holder (a) sells, hxxxxx or otherwise mitigates its credit risk under or associated with the Retention or the underlying portfolio of Collateral Obligations, except to the extent permitted (i) under the terms of the Risk Retention Letter, to a successor collateral manager upon a removal or resignation of NewStar as the Collateral Manager, or (ii) in accordance with the EU Retention Requirements or (b) materially breaches the terms of the Risk Retention Letter.

Examples of Retention Event in a sentence

• The Parties hereby acknowledge that the extent of damages to Seller occasioned by such Xxxxxxx Money Retention Event would be impossible or extremely impractical to ascertain and that the amount of the Xxxxxxx Money is a fair and reasonable estimate of such damages under the circumstances.

• Upon notice of the parties of major events (including a Retention Event or a Trigger Event) or any unpaid fees, expenses or indemnities incurred by or claimed through or disbursable to USAV or the Administrative Agent, Citibank is required to adjust the schedule of payments to conform with the priority of payments set forth in Article II of the Cash Management Agreement.

• No amendment or termination of the Plan which would directly or indirectly adversely affect any Participant shall be effective if adopted after a Retention Event or Change in Control or during the one-year period immediately preceding the Retention Trigger Date or a Change in Control.

• In the event the Retention Event is a Change of Control, the Retention Amount will be paid to you in cash on the closing date of such Change of Control to recognize the support required to assist in transferring trade secrets and ongoing project management beyond the date of termination.

• In the event the Retention Event is an Equity Financing, the Retention Amount will be paid to you in cash in 3 equal installments over the 3 months following the consummation of the Equity Financing to ensure a heightened level of support required to accelerate corporate development.

More Definitions of Retention Event

Retention Event. An event which occurs if at any time the Retention Holder (a) sells, xxxxxx or otherwise mitigates its credit risk under or associated with the Retention or the underlying portfolio of Collateral Obligations, except to the extent permitted (i) under the Risk Retention Letter, to a successor collateral manager upon a removal or resignation of ICG Debt Advisors LLC as the Collateral Manager or (ii) in accordance with the Retention Requirements or (b) materially breaches the terms of the Risk Retention Letter. plus (iii) without duplication, the amounts on deposit in the Collection Account (including Eligible Investments therein) representing Principal Proceeds.

Retention Event. For any Remittance Date, a Retention Event is deemed to have occurred if: (a) an Event of Default shall have occurred and shall be continuing under this Agreement, or (b) Bluegreen shall have been replaced as the Servicer, or (c) the outstanding principal balance of Mortgage Loans over 90 days delinquent (exclusive of any REO Property) exceeds 5%, or total Non-Performing Mortgage Loans exceed 7%, of the Cut-off Date Pool Principal Balance, or (d) cumulative Realized Losses on the Mortgage Loans exceed 8% of the Cut-off Date Pool Principal Balance, or (e) the balance in the Reserve Account is less than 3% of the outstanding principal balance of the Class A Certificates.

Retention Event. Means an event which occurs (x) upon the occurrence of a Retention Deficiency or (y) at any time the Collateral Manager is determined by the Issuer (with the advice of counsel) to be in violation of the US Risk Retention Regulations.

Retention Event has the meaning given to it in Section 6.01 of this Agreement.

Retention Event means (a) in connection with the Series 2013-1 Notes, any event specified as such in the Series 2000-0 Xxxxxxxxx Supplement, and (b) in connection with any other Series of Notes, any event specified as such in the Indenture Supplement of such Series.

Retention Event means a period in time, as set forth in the Appendices to this RIM Policy when a Record expires, terminates, is updated or superseded, is inactive. Retention Events include, but are not limited to, the following: (1) expiration of the current year; (2) expiration of the Records’ legitimate business use, meaning the Record is no longer needed because it is not being used to conduct business and there is no other retention requirement to maintain it; (3) termination of the contract term, employee, or matter to which the Records pertain; (4) when updated or superseded and there is no requirement to retain a historical version of the Record; (5) expiration of the (re)insurance policy year; and (6) completion of an audit of the Records or to which the Records pertain.

Retention Event means any event, including without limitation the making of any Advance, resulting in: