Examples of Risk Retention Certificate in a sentence
Upon receipt of the foregoing certifications, the Certificate Registrar shall, subject to Section 5.02(f), Section 5.03(a), Section 5.03(h), the following provisions of this Section 5.03(i), and Section 5.03(n), reflect such Risk Retention Certificate in the name of the prospective Transferee.
In connection with each transfer of a Risk Retention Certificate after the Closing Date, the transferor of such Certificate shall pay to the Certificate Administrator a transfer fee of $5,000 (together with any other expenses related to such transfer (including fees charged by the Depository, if applicable)) and such fee and expenses must be received by the Certificate Administrator prior to the transfer date or the Certificate Administrator shall not be required to complete the requested transfer.
In no event shall a Risk Retention Certificate be held as a Global Certificate during the RR Interest Transfer Restriction Period.
In no event shall a Risk Retention Certificate be held as a Global Certificate during the VRR Interest Transfer Restriction Period.
In its capacity as Certificate Registrar, the Certificate Administrator shall be responsible for, among other things, holding each Credit Risk Retention Certificate as a Definitive Certificate on behalf of the Holder of such Certificate in accordance with Section 5.2(f).
After the termination of the VRR Interest Transfer Restriction Period, if a transfer of a Risk Retention Certificate is to be made and such Risk Retention Certificate is in the Retained Interest Safekeeping Account, the Certificate Registrar shall not register a Transfer of such Risk Retention Certificate unless it is so instructed by the Certificate Administrator.
Upon receipt of the foregoing certifications, the Certificate Registrar shall, subject to Section 5.2(f), Section 5.3(a), Section 5.3(i), the following provisions of this Section 5.3(j), and Section 5.3(n), reflect such Credit Risk Retention Certificate in the name of the prospective Transferee, and shall deliver a receipt in the form set forth in Exhibit R to the Transferee with a copy via email to each of the Retaining Sponsor and the transferor.
In no event shall a Risk Retention Certificate be held as a Global Certificate during the applicable RR Interest Transfer Restriction Period.
In no event shall a Credit Risk Retention Certificate be held as a Global Certificate during the HRR Interest Transfer Restriction Period.
Any transfer of an interest in any Credit Risk Retention Certificate that is not in compliance with this Section 5.3 shall be null and void ab initio to the extent permitted under applicable law.