Retained Interest definition

Retained Interest. The meaning set forth in the Trust Agreement.

Retained Interest means, with respect to any Loan Asset, (a) all of the obligations, if any, of the agent(s) under the documentation evidencing such Loan Asset and (b) the applicable portion of the interests, rights and obligations under the documentation evidencing such Loan Asset that relate to such portion(s) of the indebtedness and interest in other obligations that are owned by another lender.

Retained Interest shall have the meaning set forth in Section 12.17(a).

Examples of Retained Interest in a sentence

• Fair Value (Mils.) Fair Value (%) Class A notes $ % Class B notes $ % Class C notes $ % Residual Interest $ % Total $ % The Depositor must retain a Retained Interest with a fair value of at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Residual Interest], according to Regulation RR.

• Ford Credit, as Sponsor, and the Depositor agree that (i) Ford Credit will cause the Depositor to, and the Depositor will, retain the Retained Interest on the Closing Date and (ii) Ford Credit will not permit the Depositor to, and the Depositor will not, sell, transfer, finance or hedge the Retained Interest except as permitted by Regulation RR.

• Santander Consumer has not changed the manner in which it retains the Retained Interest, except in accordance with Regulation RR.

• However, Santander Consumer has not transferred or hedged the Retained Interest except as permitted under Regulation RR.

• The portion of the Certificates being retained to satisfy the requirements of Regulation RR is referred to herein as the “Retained Interest.” As of the last day of the period covered by this report the depositor or another wholly-owned special purpose subsidiary of Santander Consumer continues to retain the Retained Interest in accordance with Regulation RR.

More Definitions of Retained Interest

Retained Interest. If applicable, with respect to any Underlying Security, an ownership interest in and a right to a portion of the payments thereon by the obligor thereof, as specified in the related Supplement, held by the Person so specified in such Supplement.

Retained Interest. Not applicable.

Retained Interest means, with respect to any Collateral Obligation included in the Collateral, (a) such obligations to provide additional funding with respect to such Collateral Obligation that have been retained by the other lender(s) of such Collateral Obligation, (b) all of the rights and obligations, if any, of the agent(s) under the Underlying Instruments, (c) any unused commitment fees associated with the additional funding obligations that are being retained in accordance with clause (a) above, and (d) any agency or similar fees associated with the rights and obligations of the agent(s) that are being retained in accordance with clause (b) above.

Retained Interest. Interest in respect of each Employee Mortgage Loan, retained in each case by the Retained Interest Holder at the Retained Interest Rate.

Retained Interest. (a) With respect to any Purchased Asset, (i) all duties, obligations and liabilities of Seller thereunder, including payment and indemnity obligations, (ii) all obligations of agents, trustees, servicers, administrators or other Persons under the documentation evidencing such Purchased Asset, and (iii) if any portion of the Indebtedness related to such Purchased Asset is owned by another lender or is being retained by Seller, the interests, rights and obligations under such documentation to the extent they relate to such portion, and (b) with respect to any Purchased Asset with an unfunded commitment on the part of Seller, all obligations to provide additional funding, contributions, payments or credits.

Retained Interest has the meaning set forth in Section 5.07(a).

Retained Interest. As to any Employee Loans originated by Xxxxxxxxx and each Distribution Date, interest accrued on the Principal Balance thereof at the Retained Rate.