Retention Interest definition

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

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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.
The Borrower shall (i) cause the Retention Provider not to amend, supplement, modify, repudiate or waive any provision, of any Retention of Net Economic Interest Letter without the consent of the Administrative Agent, and (ii) ensure that the Retention Provider has not changed and will not change the manner in which it retains the Retention Interest, except to the extent permitted under Articles 404-410.
RBG – Risk Retention Interest <5 % N/A ▇▇▇▇▇▇▇▇ Emergency Medical Group, L.L.C. Applied Medico-Legal Solutions Risk Retention Group, Inc.
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 Refinancing Date and owns, and expects to continue to own, 100% of the membership interests in the Issuer.
The Borrower shall (i) cause the Retention Provider not to amend, supplement, modify, repudiate or waive any provision, of any Retention of Net Economic Interest Letter without the consent of the Administrative Agent, and (ii) ensure that the Retention Provider has not changed and will not change the manner in which it retains the Retention Interest, except to the extent permitted under Article 122a.

More Definitions of Retention Interest

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

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

Retention Interest has the meaning assigned to such term in Section 15 of this Indenture Supplement.

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. 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 Closing Date 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.