Transparency RTS definition

Transparency RTS means regulatory technical standards in relation to Article 7(3) of the Securitisation Regulation relating to transparency to be adopted by the European Commission.
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Transparency RTS means the regulatory technical standards in relation to Article 7(3) of the Securitisation Regulation relating to transparency adopted by the European Commission on 16 October 2019.The following definitions contained in the Conditions, including Condition 1 (Definitions), are amended as follows:(a) The definition of “Accrual Period” is deleted and replaced with the following: “Accrual Period” means:(a) in respect of the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes and the Subordinated Notes, the period from (and including) the Original Issue Date to (but excluding) the first Payment Date; and(b) in respect of a Class of Notes that is subject to a Refinancing, the applicable Initial Accrual Period,and thereafter, for each Class of Notes, each successive period from (and including) each Payment Date to (but excluding) the following Payment Date.(b) Paragraph (c)(iv) of the definition of “Administrative Expenses” is deleted and replaced with the following:(iv) to any other Person in respect of any governmental fee or charge (for the avoidance of doubt, excluding any taxes but including any pecuniary sanctions levied on any Person arising under Article32 of the Securitisation Regulation or any national laws or regulations supplementing or implementing the Securitisation Regulation in relation to a failure to meet the EU Transparency Requirements, provided that in the case of the Collateral Manager only such sanctions have not been imposed as a result of a Collateral Manager Breach) or any statutory indemnity;(c) Paragraph (c)(xii) of the definition of “Administrative Expenses” is deleted and replaced with the following:(xii) on a pro rata basis to any Person (including the Collateral Manager, the Retention Holder and any third party appointed by the Issuer to assist with the Issuer’s reporting obligations pursuant to the Securitisation Regulation) in connection with satisfying the Retention Requirements and the EU Transparency Requirements, in each case as applicable to the Issuer only, including any costs or fees related to additional due diligence or reporting requirements; and(d) The definition of “Collateral Management and Administration Agreement” is amended to add the words “as amended and supplemented by the Amendment Deed”.(e) The definition of “Defaulted Obligation” is deleted and replaced with the following:
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Transparency RTS means regulatory technical standards in relation to Article 7(3) of the Securitisation Regulation relating to transparency to be adopted by the European Commission.• The definitions of “AIFMD Retention Requirements”, “CRR Retention Requirements”, “Final RTS”, “Solvency II Level 2 Regulation” and “Solvency II Retention Requirements” are deleted from Condition 1 (Definitions). • A new Condition 2(o) (Modifications) is added as follows: (o) Modifications For the purpose of Conditions 14(c)(xiii) (Modification and Waiver), the Noteholders of the Refinancing Notes which are Class A Notes (being the Controlling Class) issued pursuant to the Refinancing on the Refinancing Date have consented (deemed to have been acting by way of an Ordinary Resolution), by their subscription for such Class A Notes on the Refinancing Date, to the modification of the Weighted Average Life Test and the Eligibility Criteria, as contemplated in the Deed of Supplement, Amendment and Restatement. • Condition 4(a)(ix) (Security) is amended by adding the words “, the 2019 Subscription Agreement” immediately following the words “the Placement Agency Agreement”. • The following new limb (i)(H) is added to Condition 5(a) (Covenants of the Issuer), and original limbs (i)(H) and (i)(I) are re-numbered as limbs (i)(I) and (i)(J) respectively: (H) under the 2019 Risk Retention Letter; • The following additional limb (xv) is added to Condition 5(a) (Covenants of the Issuer): (xv) promptly notify the Arranger, the Trustee, each Hedge Counterparty, the Collateral Manager, the Collateral Administrator, the Rating Agencies and the Noteholders upon becoming aware of the occurrence of any of the events specified in Article 7(1)(f) or (g) of the Securitisation Regulation and without delay ensure that such information is made available as required by the EU Disclosure Requirements. • Conditions 6(e)(i)(A)(1) and 6(e)(i)(B)(1) (Interest on the Rated Notes) are deleted and replaced with “[Paragraph not used]”. • Condition 6(e)(i)(D) (Floating Rate of Interest) is deleted and replaced with the following:
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Examples of Transparency RTS in a sentence

  • The Collateral Administrator shall consult with the Issuer, Investment Manager and the Retention Holder and if the Collateral Administrator, in its sole and absolute discretion, agrees to provide such reporting as required under the Transparency RTS on such proposed terms shall confirm in writing to the Issuer and the Investment Manager.

  • The Joint Statement is not a legally binding document and there is currently uncertainty in relation to the legal position as regards the form of quarterly reporting until the date of application of the Transparency RTS.

  • Prior to the application of the disclosure templates in the Transparency RTS, the Issuer intends to fulfil (A) the requirements contained in subparagraphs (a) and (e) of Article 7(l) through the Monthly Reports and the Payment Date Reports and (B) Article 7(1)(f) and Article 7 (1)(g) as and when applicable and (see “Description of the Reports”).

  • Once the Transparency RTS apply, the Loan Reports and Investor Reports will be prepared in accordance with the requirements of the Transparency RTS.

  • The harm is not to be found in the metaphor but in the perverse use of the phoroi beyond semantics.

  • The Issuer and the Investment Manager (in consultation with the Retention Holder) will propose in writing to the Collateral Administrator the form, timing, content and method of distribution of the information required to be disclosed in accordance with the Transparency RTS in order to allow such information, where reasonably available, to be included in the Transparency Report.

  • Pursuant to the Collateral Management Agreement, as soon as reasonably practicable following the finalisation of the Transparency RTS and, if possible, prior to the Securitisation Regulation Reporting Effective Date, the Issuer and the Collateral Manager shall propose in writing to the Collateral Administrator, the form, timing, frequency of distribution, method of distribution and content of the reporting related to the requirements of the Transparency RTS.

  • The Transparency Reports will be made available not later than each Quarterly Reporting Date, which shall occur no less frequently than quarterly from the Issue Date in accordance with the EU Transparency Requirements and prior to the Transparency RTS Reporting Notification the Monthly Reports and/or Payment Date Reports will be made available no less frequently than quarterly.

  • Pursuant to the Collateral Administration and Agency Agreement, as soon as practicable following the adoption of the Transparency RTS, the Investment Manager will make the Transparency RTS Reporting Notification to the Issuer, the Collateral Administrator and the Trustee.

  • For the purposes of Article 7(1)(a) and (e) of the Securitisation Regulation, information on the Purchased Receivables will be made available before pricing of the Notes and on a monthly basis the Servicer will make available information on the Purchased Receivables and an investor report in accordance with Annexes I to VIII of the CRA3 RTS and the Transparency RTS once it applies.


More Definitions of Transparency RTS

Transparency RTS means Commission Delegated Regulation (EU) 2020/1224 of 16 October 2019 supplementing Regulation (EU) 2017/2402 of the European Parliament and of the Council with regard to regulatory technical standards specifying the information and the details of a securitisation to be made available by the originator, sponsor and securitisation special purposes entity.”• The definition of “Transparency RTS Reporting Effective Date” is deleted in its entirety.• Each reference to the “Agency and Account Bank Agreement” that appears in the Conditions shall be deemed to be replaced by a reference to the Agency and Account Bank Agreement as amended by the Amendment Deed.• Each reference to the “Collateral Management and Administration Agreement” that appears in the Conditions shall be deemed to be replaced by a reference to the Collateral Management and Administration Agreement as amended and restated by the Amendment Deed.• Each reference to the “Trust Deed” that appears in the Conditions and the Transaction Documents shal be deemed to be replaced by a reference to the Trust Deed as further supplemented by the Supplemental Trust Deed and a reference to the Irish Security Deed as the context requires.• A new Condition 2(n) (Consent to Modifications) is inserted as follows:
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Transparency RTS means the Article 7 RTS and the Article 7 ITS.
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Related to Transparency RTS

  • Transparency , in relation to a document, means—

  • Transparency Act means the Federal Funding Accountability and Transparency Act of 2006 (Public Law 109-282), as amended by §6202 of Public Law 110-252. The Transparency Act also is referred to as FFATA.

  • Transparency Reports means a report in accordance with Schedule 7 Part 1 (Transparency Reports) containing the contract information as set out in the table for that Part for publication by the Authority in the interests of transparency.

  • Transparency Information means the content of this Contract in its entirety, including from time to time agreed changes to the Contract, and details of any payments made by the Authority to the Contractor under the Contract;

  • Transparent copy of the Document means a machine-readable copy, represented in a format whose specification is available to the general public, that is suitable for revising the document straightforwardly with generic text editors or (for images com- posed of pixels) generic paint programs or (for drawings) some widely available drawing editor, and that is suitable for input to text formatters or for automatic translation to a variety of formats suitable for input to text formatters. A copy made in an otherwise Transparent file format whose markup, or absence of markup, has been arranged to thwart or discourage subsequent modification by readers is not Transparent. An image format is not Transparent if used for any substantial amount of text. A copy that is not “Transparent” is called “Opaque”.

  • Portability means transfer by an Individual Health Insurance Policyholder (including family cover) of the credit gained for pre-existing conditions and time-bound exclusions if he/she chooses to switch from one insurer to another.

  • Local Number Portability (LNP means the ability of users of Telecommunications Services to retain the presence of a previously existing telephone number(s).

  • Mobile crisis outreach team means a crisis intervention service for minors or families of minors experiencing behavioral health or psychiatric emergencies.

  • Violent crime means a forcible felony, as defined in Iowa Code section 702.11, and includes any other felony or aggravated misdemeanor which involved the actual or threatened infliction of physical or emotional injury on one or more persons.

  • Local Number Portability or "LNP" shall have the meaning set forth in Section 10.2.1.1.

  • Trading and Settlement Code means the Trading and Settlement Codedeveloped pursuant to Section 9(1)(d) of the Act as from time to time, revised, amended, supplemented or replaced with the approval or at the instance of the Commission;

  • Service and support administrator means a person, regardless of title, employed by or under contract with a county board to perform the functions of service and support administration and who holds the appropriate certification in accordance with rule 5123:2-5-02 of the Administrative Code.

  • freezing of economic resources means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;

  • Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Broad-Based Black Economic Empower-ment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Automated data acquisition and handling system or "DAHS" means that component of the continuous emission monitoring system, or other emissions monitoring system approved for use under section 11 of this rule, designed to interpret and convert individual output signals from pollutant concentration monitors, flow monitors, diluent gas monitors, and other component parts of the monitoring system to produce a continuous record of the measured parameters in the measurement units required by section 11 of this rule.

  • quality (functionality means the totality of features and characteristics of a product or service that bear on its ability to satisfy stated or implied needs F.1.4 Communication and employer’s agentEach communication between the employer and a tenderer shall be to or from the employer's agent only, and in a form that can be read, copied and recorded. Writing shall be in the English language. The employer shall not take any responsibility for non-receipt of communications from or by a tenderer. The name and contact details of the employer’s agent are stated in the tender data. F.1.5 The employer’s right to accept or reject any tender offer F.1.5.1 The employer may accept or reject any variation, deviation, tender offer, or alternative tender offer, and may cancel the tender process and reject all tender offers at any time before the formation of a contract. The employer shall not accept or incur any liability to a tenderer for such cancellation and rejection, but will give written reasons for such action upon written request to do so. F.1.5.2 The employer may not subsequent to the cancellation or abandonment of a tender process or the rejection of all responsive tender offers re-issue a tender covering substantially the same scope of work within a period of six months unless only one tender was received and such tender was returned unopened to the tenderer. F.2 Tenderer’s obligations F.2.1 EligibilitySubmit a tender offer only if the tenderer satisfies the criteria stated in the tender data and the tenderer, or any of his principals, is not under any restriction to do business with employer. F.2.2 Cost of tenderingAccept that the employer will not compensate the tenderer for any costs incurred in the preparation and submission of a tender offer, including the costs of any testing necessary to demonstrate that aspects of the offer satisfy requirements. F.2.3 Check documentsCheck the tender documents on receipt for completeness and notify the employer of any discrepancy or omission. F.2.4 Confidentiality and copyright of documentsTreat as confidential all matters arising in connection with the tender. Use and copy the documents issued by the employer only for the purpose of preparing and submitting a tender offer in response to the invitation. F.2.5 Reference documentsObtain, as necessary for submitting a tender offer, copies of the latest versions of standards, specifications, conditions of contract and other publications, which are not attached but which are incorporated into the tender documents by reference. F.2.6 Acknowledge addendaAcknowledge receipt of addenda to the tender documents, which the employer may issue, and if necessary apply for an extension to the closing time stated in the tender data, in order to take the addenda into account. F.2.7 Clarification meetingAttend, where required, a clarification meeting at which tenderers may familiarize themselves with aspects of the proposed work, services or supply and raise questions. Details of the meeting(s) are stated in the tender data. F.2.8 Seek clarificationRequest clarification of the tender documents, if necessary, by notifying the employer at least five working days before the closing time stated in the tender data. F.2.9 InsuranceBe aware that the extent of insurance to be provided by the employer (if any) might not be for the full cover required in terms of the conditions of contract identified in the contract data. The tenderer is advised to seek qualified advice regarding insurance. F.2.10 Pricing the tender offer F.2.10.1 Include in the rates, prices, and the tendered total of the prices (if any) all duties, taxes (except Value Added Tax (VAT), and other levies payable by the successful tenderer, such duties, taxes and levies being those applicable 14 days before the closing time stated in the tender data. F2.10.2 Show VAT payable by the employer separately as an addition to the tendered total of the prices.

  • Indigenous Peoples Safeguards means the principles and requirements set forth in Chapter V, Appendix 3, and Appendix 4 (as applicable) of the SPS;

  • Number Portability is As Defined in the Act.

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;

  • External Verifier means any qualified provider of third party assurance or attestation services or other independent expert of internationally recognised standing appointed by the Issuer, in each case with the expertise necessary to perform the functions required to be performed by the External Verifier under these Conditions, as determined in good faith by the Issuer;

  • Automated driving system means the same as that term is defined in Section 41-26-102.1.

  • Ancillary crime or "ancillary charge" means any delinquent act committed by a juvenile as a part

  • Criminal justice information system means a system including the equipment, facilities, procedures,

  • Indigenous Peoples Planning Framework or “IPPF” means the indigenous peoples planning framework for the Investment Program, including any update thereto, agreed between the Borrower and ADB and incorporated by reference in the FFA;

  • Economic abuse means any behaviour that has a substantial adverse effect on B’s ability to—