Risk Retention Issuance definition

Risk Retention Issuance. An additional issuance of Notes directed by the Collateral Manager for purpose of compliance with the U.S. Risk Retention Rules.
Risk Retention Issuance. The meaning specified in Section 2.13(a).
Risk Retention Issuance means an additional issuance of any Class of Notes for purposes of either (i) enabling the Collateral Manager to comply with the U.S. Risk Retention Rules (to the extent applicable, as determined by the Collateral Manager in its sole discretion and, if applicable, using any method the Collateral Manager has elected to comply with the U.S. Risk Retention Rules, as determined by the Collateral Manager in its sole discretion, including, without limitation, by retaining an "eligible horizontal residual interest", "eligible vertical interest" or a combination thereof) based upon advice received by the Collateral Manager from a nationally recognized counsel experienced in such matters or (ii) curing an EU Retention Deficiency.

Examples of Risk Retention Issuance in a sentence

  • Any additional notes of an existing Class issued as described above will, to the extent reasonably practicable (and other than in the case of a Risk Retention Issuance), be offered first to Holders of such Class in such amounts as are necessary to preserve their pro rata holdings of Notes of such Class.

  • A certificate of the Collateral Manager consenting to such issuance, and, unless such issuance is a Risk Retention Issuance, satisfactory evidence of the consent of a Majority of the Subordinated Notes to such issuance (which may be in the form of an Officer’s certificate of the Issuer).


More Definitions of Risk Retention Issuance

Risk Retention Issuance. An additional issuance of Notes directed by the Collateral Manager in connection with compliance with the U.S. Risk Retention Rules or the EU Securitisation Laws.
Risk Retention Issuance. An additional issuance of Debt directed by the Collateral Manager in connection with a Refinancing or a Re-Pricing and for purpose of compliance with the U.S. Risk Retention Rules.
Risk Retention Issuance means an issuance of Notes to the Sponsor, the Retention Holder, a “majority-owned affiliate” (or other term having similar meaning, in each case, as defined in the
Risk Retention Issuance means an issuance of Notes to the Retention Holder, a "majority-owned affiliate" (as defined in the U.S. Risk Retention Regulations) of the Sponsor as directed by the Issuer or an Eligible EU Retainer for the purpose of compliance with the U.S. Risk Retention Regulations or the EU Requirements, as applicable, in connection with (i) a Refinancing, a Partial Redemption by Refinancing or a Re-Pricing (a "Refinancing Risk Retention Issuance"), or (ii) an issuance of additional Notes or Junior Mezzanine Notes pursuant to Section 2.16 (an "Additional Notes Risk Retention Issuance"). If, pursuant to Section 2.16, the Issuer is issuing additional Notes of an existing Class (or Junior Mezzanine Notes) to any other Person the Additional Notes Risk Retention Issuance may consist of one or more Retention Holders purchasing a portion of such additional Notes (or Junior Mezzanine Notes) issued pursuant to Section 2.16. If the Issuer is issuing Secured Notes pursuant to a Refinancing, a Partial Redemption by Refinancing or a Re-Pricing, the Refinancing Risk Retention Issuance may consist of one or more Retention Holders purchasing a portion of such Secured Notes issued pursuant to Section 9.4(d), Section 9.11 or Section 9.12.
Risk Retention Issuance. An additional issuance of any Class of Notes for purposes of enabling the Collateral Manager to comply with the U.S. Risk Retention Rules as determined by the Collateral Manager in its commercially reasonable judgment (based on the written advice of a nationally recognized counsel experienced in such matters).
Risk Retention Issuance. The meaning specified in Section 2.13(a)(i). “Risk Retention Rules”: The U.S. Risk Retention Rules and/or the EU/UK Risk Retention Requirements, as applicable. “Rolled Senior Uptier Debt”: The meaning specified in the definition of “Uptier Priming Transaction”. “Rule 144A”: Rule 144A, as amended, under the Securities Act. “Rule 144A Global Note”: The meaning specified in Section 2.2(b)(ii). “Rule 144A Information”: The meaning specified in Section 7.15. “Rule 17g-5”: The meaning specified in Section 14.16. “S&P”: S&P Global Ratings, a nationally recognized statistical rating organization comprised of: (a) a separately identifiable business unit within Standard & Poor’s Financial Services LLC, a Delaware limited liability company wholly owned by S&P Global Inc.; and (b) the credit ratings business operated by various other subsidiaries that are wholly-owned, directly or indirectly, by S&P Global Inc.; and, in each case, any successor thereto.
Risk Retention Issuance. An additional issuance of Notes solely for the purpose of enabling the Portfolio Manager to comply with the U.S. Risk Retention Rules (whether before or after the effectiveness thereof) or the EU/UK Risk Retention Requirements.