Retained Interestholder definition
Examples of Retained Interestholder in a sentence
The Retained Interest will be retained by the Depositor and may be transferred by the Depositor or a Retained Interestholder to another party in accordance with the provisions of Section 11 hereof at the sole option of the Depositor or the Retained Interestholder, as applicable, without the consent of the Certificateholders or any other party.
All interest and earnings (net of losses and investment expenses) on funds on deposit in the Retained Distribution Account shall be deemed to be available and on deposit for distribution to the Retained Interestholder.
The proceeds from the sale of the Series 2010-1 Notes (or the initial Increase, as applicable), together with any funds deposited with RCFC by DTAG in its capacity as the Retained Interestholder in connection with such issuance, will, on the Series 2010-1 Closing Date, be deposited by the Trustee into the Group V Collection Account and, concurrently with such initial deposit, allocated by the Trustee to the Series 2010-1 Excess Funding Account.
Unless otherwise instructed by the Retained Interestholder at any time, the Trustee shall hold, for the benefit of the Retained Interestholder, possession of any negotiable instruments or securities evidencing the Permitted Investments from the time of purchase thereof until the time of maturity.
The Retained Interest will be retained by the Depositor and may be transferred by the Depositor or a Retained Interestholder to another party in accordance with the provisions of the Series Supplement at the sole option of the Depositor or the Retained Interestholder without the consent of the Certificateholders or any other party.
The Warrantholder or the Retained Interestholder, as applicable, may assign a Call Warrant or a Retained Interest pursuant to an assignment substantially in the form of Exhibit C hereto.
The Trustee shall establish and maintain in the name of the Retained Interestholder, for the benefit of the Retained Interestholder, or cause to be established and maintained, an account (the "Retained Distribution Account") bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Retained Interestholder.
Unless otherwise instructed by the Retained Interestholder at any time and from time to time, the Servicer shall instruct the institution maintaining the Retained Distribution Account to invest funds on deposit in the Retained Distribution Account at all times in Permitted Investments.
The Retained Interestholder may assign the Retained Interest pursuant to an assignment substantially in the form of Exhibit C hereto.
Unless otherwise instructed by the Retained Interestholder at any time and from time to time, the Master Servicer shall instruct the institution maintaining the Retained Distribution Account to invest funds on deposit in the Retained Distribution Account at all times in Permitted Investments.