Examples of Retention Interest in a sentence
However, if BGCF subsequently determines that it is not required to comply with the U.S. Risk Retention Rules with respect to this transaction, including but not limited to upon the receipt of further regulatory guidance, there can be no assurance that BGCF will continue to retain the Retention Interest in accordance with the U.S. Risk Retention Rules (it being understood that BGCF will in any event be required to comply with the EU Retention Requirements).
If such financing arrangements relate to the Retention Interest, investors should be aware that the term of any such financing may also be considerably shorter than the effective term of the Notes, requiring the Retention Holder to repay or refinance the financing while some or all Classes of Notes are Outstanding.
For various reasons, the price at which any Notes (including the Retention Interest) might be sold in a specific transaction between specific parties on a specific date may be significantly different than the fair value thereof set forth under the heading “Description of BGCF and the Retention Requirements – U.S. Credit Risk Retention – Fair Value of the Retention Interest”.
Retention FinancingThe Retention Holder has informed the Issuer and the Initial Purchaser that the Retention Holder and/or another BDCM Related Party may obtain financing for the acquisition of all or a portion of the Class M Subordinated Notes (potentially including the Retention Interest) (such Class M Subordinated Notes, the “ Financed Notes”).
Although the Collateral Manager has informed the Issuer that the Retention Holder will purchase the Retention Interest as described under “Credit Risk Retention”, there can be no assurance that the Issuer’s ability to refinance Notes in whole or in part will not be impaired or limited as a result of the U.S. Risk Retention Rules.