Risk Retention Retained Certificate definition
Risk Retention Retained Certificate means any Certificate that is retained by Comenity Bank, as sponsor, or a Wholly-owned Affiliate thereof upon initial issuance thereof and at all times thereafter; provided that no Certificate shall be a Risk Retention Retained Certificate unless such Certificate has been designated as a Risk Retention Retained Certificate pursuant to the related Supplement; and provided further that the Class M Certificates, Class B Certificates and Class C Certificates issued hereunder shall be Risk Retention Retained Certificates.