Retention Interest. The EU/UK Retention Interest and/or the U.S. Retention Interest, as the context may require.

Retention Interest has the meaning specified in the Securitisation Regulation Agreement.

Retention Interest means a "net economic interest" (as defined in paragraph (d) of Article 405(1) of the CRR) which, in any event, shall not be less than 5% (or such higher or lower amount as notified by the Facility Agent to the Retention Provider is required by Article 404 of the CRR) of the nominal value of the Collateral calculated based on the Aggregate Principal Balance of all of the Collateral Obligations and the outstanding principal amount of all Eligible Investments, in each case at the time of determination without taking into account any deduction pursuant to the proviso to the definition of "Principal Balance" of any Collateral Obligation or any deduction or discount in respect of the purchase price paid therefor by the Borrower.

Examples of Retention Interest in a sentence

The Collateral Manager is expected to acquire all of the Subordinated Notes (including those Subordinated Notes that are not part of the U.S. Retention Interest) on the Closing Date and owns, and expects to continue to own, 100% of the membership interests in the Issuer.
A failure by the EU Retention Holder to hold the Retention Interest as required by the EU Retention Undertaking Letter.
As of the Refinancing Date, FS KKR Capital Corp., in its capacity as an originator, and thereafter any successor, assignee or transferee of the Retention Interest permitted under the EU Securitization Laws.
However, if BGCF subsequently determines that it is not required to comply with the U.S. Risk Retention Rules with respect to this transaction, including but not limited to upon the receipt of further regulatory guidance, there can be no assurance that BGCF will continue to retain the Retention Interest in accordance with the U.S. Risk Retention Rules (it being understood that BGCF will in any event be required to comply with the EU Retention Requirements).
The fair value of assets like the Retention Interest are typically determined in accordance with the fair value assessment described in the Financial Accounting Standards Board Accounting Standards Codification 820, “Fair Value Measurements and Disclosures” (“ASC 820”).

More Definitions of Retention Interest

Retention Interest. At any time, a net economic interest in the transaction contemplated by this Indenture, which will be comprised of an interest in the first loss tranche within the meaning of paragraph 1(d) of Article 122a or, from the date that the final text of the CRR is applicable, paragraph (d) of Article 405(1), by way of holding the minimum principal amount of Interests currently required by the applicable Retention Requirement Law, being, at any time, an amount equal to five percent (5%) (or such lower amount, including zero percent (0%), if such lower amount is required or allowed under the applicable Retention Requirement Law as a result of amendment, repeal or otherwise) of the nominal value of the Collateral Obligations and Eligible Investments.

Retention Interest as defined in Section 10.1(a)(1).

Retention Interest means a "net economic interest" (as defined in paragraph (d) of Article 405(1) of the CRR) which, in any event, shall

Retention Interest means the "eligible vertical interest" (which is required to consist of at least 5% of each Class of Notes) under the U.S. Risk Retention Rules which the Retention Holder retains as long as such retention is required by the U.S. Risk Retention Rules.

Retention Interest means a material net economic interest in the securitisation position comprised by the Loans which, in any event, shall not be less than 5% of the nominal value of the Collateral Loans and Eligible Investments.

Retention Interest. At any time, a material net economic interest which will be comprised of an interest in the first loss tranche within the meaning of paragraph (d) of Article 405(1) of the CRR, paragraph (d) of Article 51(1) of the AIFMD Level 2 Regulation and paragraph 2(d) of Article 254 of the Solvency II Level 2 Regulation in effect on the date of pricing of the Notes by way of holding at least the minimum amount of Interests currently required by the applicable Retention Requirement Law, being an amount equal to five percent (5%) (or such lower amount, including zero percent (0%), if such lower amount is required or allowed under the then-applicable Retention Requirement Law as a result of amendment, repeal or otherwise and in no event an amount in excess of five percent (5%)) of the nominal value of the Collateral Obligations and Eligible Investments representing Principal Proceeds.

Retention Interest. At any time, a net economic interest in the securitised exposures (as such term is used in the applicable Retention Requirement Law), which will be comprised of an interest in the first loss tranche within the meaning of paragraph (d) of Article 405(1), by way of holding the minimum principal amount of Interests currently required by the applicable Retention Requirement Law, being an amount equal to 5% (or such lower amount, including 0%, if such lower amount is required or allowed under the applicable Retention Requirement Law as a result of amendment, repeal or otherwise and in no event an amount in excess of 5%) of the nominal value of the Collateral Obligations and Eligible Investments.