Retention Securities definition

Retention Securities means the CLO Notes purchased by the Borrower listed on Schedule II hereto.
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Retention Securities. The Preferred Interests acquired and held on an ongoing basis by the Originator for the purpose of satisfying the E.U. Retention Requirements.
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Examples of Retention Securities in a sentence

  • The parties hereto agree that Section 2.4(A)(ii) of the Loan Agreement is hereby amended by adding the following provision at the end of such section: Notwithstanding the foregoing, no Post-ADR Additional Interest shall accrue on any Component corresponding to any Series of Risk Retention Securities.

  • The outstanding principal balance of each Component of the Loan shall bear interest for each Interest Accrual Period at a rate per annum equal to the lesser of (i) the Component Rate, plus, following the Anticipated Repayment Date for such Component (other than any such Component corresponding to any Series of Risk Retention Securities), the Post-ARD Additional Interest Rate for such Component and (ii) the Maximum Rate.

  • The outstanding principal balance of each Component of the Loan shall bear interest for each Interest Accrual Period at a rate per annum equal to the lesser of (i) the Component Rate, or following the Anticipated Repayment Date for such Component (other than any such Component corresponding to any Series of Risk Retention Securities), the ARD Component Rate, as applicable, for such Component and (ii) the Maximum Rate.

  • The Value Reduction Amount shall be applied to the principal amounts of the Components in inverse order of alphabetical designation, and among the Components of the same alphabetical designation (starting with the Components corresponding to any Risk Retention Securities) pro rata based on the Component Principal Balance.

  • Upon the repayment in full of each Component corresponding to Securities other than Risk Retention Securities, available funds will be applied to repayment of the principal of each Component corresponding to Risk Retention Securities, pro rata among such Components.

  • Cause the net proceeds of any Loan made hereunder to be used solely for the purpose of purchasing the Financed Retention Securities (collectively, “Approved Use”).

  • After and during the continuance of an Event of Default, the Agent on behalf of the Secured Parties may exercise all voting and consent rights which the Borrower has as the holder of the Retention Securities, including without limitation the right to direct any decision or action in respect thereof.

  • Notwithstanding the foregoing, any Risk Retention Securities shall initially be issued in the form set forth in the applicable Trust Agreement Supplement.

  • Adopt or carry out any plan of liquidation, partial liquidation, reorganization, incorporation, recapitalization, merger or consolidation nor sell, transfer, or otherwise dispose of any Retention Securities, or dissolve without the prior written consent of the Required Lenders.

  • Cause the Retention Securities to be converted to book-entry from without the prior written consent of the Agent.