UK Retention Requirement definition

UK Retention Requirement means the requirement that the originator, sponsor or original lender of the securitization (i) retains on an ongoing basis a material net economic interest which, in any event, shall not be less than 5%, determined in accordance with Article 6(1) of the UK Securitization Regulation, and (ii) discloses the risk retention to UK Institutional Investors.
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UK Retention Requirement means the risk retention requirement under Article 6(1) of the UK Securitisation Regulation or any replacement provision included in the UK Securitisation Regulation from time to time.
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UK Retention Requirement has the meaning given to it in clause 9 (Undertaking of the Seller) of the Mortgage Sale Agreement; UK Securitisation Regulation means Regulation (EU) 2017/2402 as it forms part of domestic law in the United Kingdom by virtue of the EUWA, including the Securitisation (Amendment) (EU Exit) Regulations 2019 and any relevant binding technical standards, regulations, instruments, rules, policy statements, guidance, transitional relief or other implementing measures of the FCA, the Bank of England, the PRA, the Pensions Regulator or other relevant UK regulator (or their successor) in relation thereto, in each case as amended, varied, superseded or substituted from time to time; UK SR Data Tape has the meaning given to it in clause 14.4 (Reporting and information under the UK Securitisation Regulation) of the Servicing Agreement; United Kingdom or UK means the United Kingdom of Great Britain and Northern Ireland;
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Examples of UK Retention Requirement in a sentence

  • Similarly, a failure by the Retention Holder to comply with the UK Retention Requirement may result in administrative penalties being imposed on the Retention Holder.

  • Furthermore, it may not have any relevance as regards the jurisdictional scope of the UK Retention Requirement.

  • In such an event, with respect to the UK Retention Requirement and/or EU Retention Requirement, Notes held by other investors could be subject to an increased regulatory capital charge levied by a relevant regulator with jurisdiction over any such investor, and, also, with respect to the U.S. Retention Rules, the UK Retention Requirement and the EU Retention Requirement, the price and liquidity of the Notes held by an investor in the secondary market could be negatively impacted.

  • On or after the Issue Date, BGFL (in its capacity as Risk Retention Holder and U.S. Retention Holder, as applicable) may directly or indirectly obtain funding to finance its economic exposure to some or all of (i) the UK Retained Interest and/or EU Retained Interest required to be retained in compliance with the UK Retention Requirement and/or EU Retention Requirement, and (ii) the U.S. Retained Interest required to be retained in compliance with the U.S. Retention Rules.

  • Furthermore, it may not have any relevance as regards the jurisdictional scope of the UK Retention Requirement, however, the PRA and the FCA have indicated that they will continue to have regard to EU non-legislative materials (such as the EBA interpretation above) where and if they are relevant, taking account of Brexit and ongoing domestic legislation.

  • In carrying out any such appropriation or sale, the financing counterparty would not be required to have regard for the UK Retention Requirement and/or EU Retention Requirement and the U.S. Retention Rules and any such sale or appropriation may therefore cause BGFL (in its capacity as Risk Retention Holder and U.S. Retention Holder, as applicable) to be in non-compliance with the UK Retention Requirement and/or EU Retention Requirement and the U.S. Retention Rules.

  • Subject to the foregoing paragraph in relation to jurisdictional scope, a failure by the Retention Holder to comply with the UK Retention Requirement may result in administrative penalties being imposed on the Retention Holder.

  • Ordinance Amending the 2019 Annual Budget for the City of Joliet and Authorization to Approve Change Order No. 1 and Payment Request No. 1 and Final for the Temporary Chicago Street ParkingLot Improvements – 2019 The Interim City Manager gave a brief overview of this Council Memo.

  • Earnings before taxes (EBT)A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses.

  • Similarly, subject to "Jurisdictional Scope of the Retention Requirements and Transparency Requirements" above regarding the jurisdictional scope of the Retention Requirements, a failure by the Originator to comply with the UK Retention Requirement may result in administrative penalties being imposed on the Originator.

Related to UK Retention Requirement

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Eligibility Requirements means, with respect to any Person, that such Person (i) has total assets (in name or under management) in excess of $600,000,000 and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity of $250,000,000 and (ii) is regularly engaged in the business of making or owning commercial real estate loans or operating commercial mortgage properties.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Credit Requirements means a long-term credit rating (corporate or long-term senior unsecured debt) of (1) “Baa3” or greater by Xxxxx’x, or (2) “BBB-” or greater by S&P, or such other indicia of creditworthiness acceptable to PacifiCorp in its reasonable judgment.