Eligible Horizontal Residual Interest definition

Eligible Horizontal Residual Interest means an eligible horizontal residual interest, as defined in the Credit Risk Retention Rules, in the Issuer.
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Eligible Horizontal Residual Interest means an “eligible horizontal residual interest” as defined in the Rule.
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Eligible Horizontal Residual Interest. (as such term is defined in the Credit Risk Retention Rules) that the Retaining Sponsor would have been required to retain under the Credit Risk Retention Rules;
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Examples of Eligible Horizontal Residual Interest in a sentence

  • Alternative Eligible Horizontal Residual Interest ProposalThe agencies have also considered, and request comment on, an alternative provision relating to the amount of principal payments received by the eligible horizontal residual interest.

  • To the extent that an Eligible Horizontal Residual Interest is retained as a Retained Interest in connection with any Note Balance Increase, the Sponsor will determine such fair value of the Retained Interest based on its own valuation methodology, inputs and assumptions and will be solely responsible therefor.

  • The Sponsor or one or more of its Majority-Owned Affiliates holds an Eligible Horizontal Residual Interest equal to at least 5% of the fair value of all the ABS Interests issued as part of the transactions contemplated by the Transaction Documents, determined as of the Note Initial Increase Date and any Note Balance Increase Date using a fair value measurement framework under United States generally accepted accounting principles (such interest, the “Retained Interest”).

  • If a bank issuer/sponsor uses its own regulatory capital returns as the basis for pricing the Eligible Horizontal Residual Interest (“EHRI”), it is likely that the institution would start with a minimum return requirement of 12.5 percent (the simple average of tier 1 common capital ratios reported by the six largest US banks at the corporate level in 2012).

  • MBA is concerned that the Eligible Horizontal Residual Interest (EHRI) recovery percentage, which limits cash flow to horizontal risk retention holders, is unworkable, and we recommend its elimination.

  • MBA is also concerned that the calculations required of a retaining sponsor who opts to hold the risk in the form of an Eligible Horizontal Residual Interest (EHRI) may bring undue liability.

  • Limitations on Eligible Horizontal Residual Interest (EHRI) Distributions.

  • Eligible Horizontal Residual Interest The Sponsor will satisfy the risk retention requirement of Regulation RR by having its wholly-owned affiliate, the Depositor, retain the Trust Certificate issued pursuant to the Trust Agreement, which Trust Certificate has been structured to satisfy the requirements of an “eligible horizontal residual interest” under Regulation RR.


More Definitions of Eligible Horizontal Residual Interest

Eligible Horizontal Residual Interest means the Certificates with an initial par amount of $38,902, representing no less than 5% of the fair value of all of the Notes and the Certificates issued on the Closing Date, retained by the EPOB2 Sponsor/Seller or any of its majority-owned affiliates to comply with the requirements of the U.S. Risk Retention Rules.
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Related to Eligible Horizontal Residual Interest

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Residual Interests As specified in the Preliminary Statement.

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Class C Additional Interest is defined in Section 4.1(c).

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • Uncertificated Distributable Interest As defined in Section 2.11(g) with respect to any REMIC I Regular Interest for any Distribution Date and in Section 2.13(g) with respect to any REMIC II Regular Interest for any Distribution Date.

  • Area of Mutual Interest or “AMI” shall mean an agreement between or among parties to a farm-out agreement or a joint operating agreement or other agreement by which the parties attempt to describe a geographical area within which they agree to share certain additional leases or other interests acquired by any of them in the future.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Middle-Tier REMIC As described in the Preliminary Statement.

  • Collateral Interest Holder means the entity so designated in the Loan Agreement.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Master REMIC As described in the Preliminary Statement.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class Optimal Interest Distribution Amount With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class.

  • Optimal Interest Remittance Amount With respect to any Distribution Date, an amount equal to the excess of (i) the product of (1) (x) the weighted average Net Mortgage Rate of the Group 1 Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (2) the Aggregate Loan Group Balance for the immediately preceding Distribution Date, over (ii) any expenses that reduce the Interest Remittance Amount which did not arise as a result of a default or delinquency of the Group 1 Mortgage Loans or were not taken into account in computing the Expense Fee Rate.