Section 941 Effective Date definition

Section 941 Effective Date. As defined in Section 12.2(c) of the Indenture.

Section 941 Effective Date has the meaning set forth in Section 12.4 of the Indenture.

Section 941 Effective Date means the effective date of Section 941 Rules.

Examples of Section 941 Effective Date in a sentence

• Accordingly, upon the Section 941 Effective Date and thereafter, the sponsor shall be entitled to adjust the amount of credit risk that it retains, or the terms under which such credit risk is retained, to the greatest extent elected by the sponsor, so long as the sponsor’s retention shall be in compliance with then Applicable Law.

• Accordingly, upon the Section 941 Effective Date and thereafter, the sponsor shall be entitled to adjust the amount of credit risk that it retains, or the terms under which such credit risk is retained, to the greatest extent elected by the sponsor, so long as the sponsor’s retention shall be in compliance with Applicable Law.

• The sponsor will be required to adjust the economic interest it retains to the extent necessary to comply with Section 941 Rules upon the Section 941 Effective Date and thereafter.

• Accordingly, upon the Section 941 Effective Date and thereafter, the sponsor shall be entitled to adjust the amount of credit risk that it retains, or the terms under which such credit risk is retained, to the greatest extent elected by the Seller, so long as the sponsor’s retention shall be in compliance with then Applicable Law.