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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
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Regulator or other relevant UK regulator (or their successor) in relation thereto, in each case as amended, varied, superseded or substituted from time to time; UK SR Data Tape has the meaning given to it in clause 14.4 (Reporting and information under the UK Securitisation Regulation)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;
Sample 1

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

  • Certification Requirements means those requirements specified or referenced in this Agreement that you must meet in order to use and maintain the Certification Designation and use the Logo in accordance with the terms of this Agreement.

  • Minimum Participation Requirements means a set of minimum training, risk management, communication and capital or collateral requirements required for Participants in the PJM Markets, as set forth herein and in the Form of Annual Certification set forth as Tariff, Attachment Q, Appendix 1. Participants transacting in FTRs in certain circumstances will be required to demonstrate additional risk management procedures and controls as further set forth in the Annual Certification found in Tariff, Attachment Q, Appendix 1.

  • Qualification Requirements means the qualification requirements as set forth in Section-2, Clause 2.1 of this RFP;

  • Perfection Requirements means the making or procuring of filings, stampings, registrations, notarisations, endorsements, translations and/or notifications of any Finance Document (and/or any Security created under it) necessary for the validity, enforceability (as against the relevant Obligor or any relevant third party) and/or perfection of that Finance Document.

  • Margin Requirement means the amount of money and/ or assets that the Client is required to deposit and/ or hold with the Firm as consideration for entering into a Transaction and/ or maintaining an Open Position on its Account;

  • Reporting Requirement By January 31, 2017, the District will provide for OCR’s review and approval the Web Accessibility Policy drafted consistent with Item 1.

  • FTR Credit Requirement means the amount of credit that a Participant must provide in order to support the FTR positions that it holds and/or for which it is bidding. The FTR Credit Requirement shall not include months for which the invoicing has already been completed, provided that PJMSettlement shall have up to two Business Days following the date of the invoice completion to make such adjustments in its credit systems. FTR Credit Requirements are calculated and applied separately for each separate customer account. FTR Flow Undiversified:

  • Mandatory City Requirements means those City laws set forth in the San Francisco Municipal Code, including the duly authorized rules, regulations, and guidelines implementing such laws that impose specific duties and obligations upon Contractor.

  • 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.

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Terms & Conditions means the Special Conditions of Contract and General Conditions of Contract herein mentioned and other stipulations incorporated in any part of Tender Document and /or Agreement.

  • 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.

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • Reporting Requirements As defined in Section 11.12.