Credit Risk Retention Rules definition

Credit Risk Retention Rules shall have the meaning set forth in Section 4.9(a).

Credit Risk Retention Rules means Regulation RR, 17 C.F.R. §246.1, et seq. under the Exchange Act.

Credit Risk Retention Rules means risk retention regulations in 17 C.F.R. Part 246 as such regulation may be amended from time to time and subject to such clarification and interpretation as have been provided by the Commission in an adopting release or by the staff of the Commission, or as may be provided in writing by the Commission or its staff from time to time.

Examples of Credit Risk Retention Rules in a sentence

• At this time, it is uncertain what effect, if any, a failure of the Retention Holder to be in compliance with the U.S. Credit Risk Retention Rules at any time will have on the market value or liquidity of the Notes.

• Thus, if the SEC were to take a similar position with respect to the Credit Risk Retention Rules, they could apply to material amendments to the Trust Deed and the Notes to the extent such amendments require investors to make an investment decision.

• As a result, the Credit Risk Retention Rules may adversely affect the Issuer (and the performance of the Notes) if the Issuer is unable to undertake any such additional issuance, Refinancing or other amendment.

• In addition, it is possible that the U.S. Credit Risk Retention Rules may reduce the number of investment managers active in the market, which may result in fewer new issue CLOs and reduce the liquidity provided by CLOs to the leveraged loan market generally.

• Although the Credit Risk Retention Rules will not apply to the issuance and sale of the Notes on the Issue Date, they could limit the ability of the Issuer to issue additional Notes or undertake any Refinancing, if such subsequent issuance or Refinancing occurs on or after the effective date of the Credit Risk Retention Rules.

More Definitions of Credit Risk Retention Rules

Credit Risk Retention Rules has the meaning set forth in Section 2(e).

Credit Risk Retention Rules means (i) Section 15G of the Securities Exchange Act of 1934, as amended, and (ii) Articles 404-410 of the EU Capital Requirements Regulation (including Article 122a of the Banking Consolidation Directive), in each case, together with the rules and regulations thereunder.

Credit Risk Retention Rules has the meaning set forth in Section 2.9(a) of the 2023-3 Servicing Supplement.

Credit Risk Retention Rules or “Regulation RR”: The final credit risk retention rules issued by the Office of the Comptroller of the Currency (appearing at 12 C.F.R. § 43.1, et seq.) and the Securities and Exchange Commission (appearing at 17 C.F.R. § 246.1, et seq.), in each case as applicable to any particular matter arising hereunder, that adopted the joint final rule promulgated by the Regulatory Agencies (appearing at 79 F.R. 77601; pages 77740-77766) to implement the credit risk retention requirements of Section 15G of the Securities Exchange Act of 1934, as added by Section 941 of the Dxxx Xxxxx Wall Street Reform and Consumer Protection Act, as such rule may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Regulatory Agencies in the adopting release (79 FR 77601 et seq.) or by the staff of any such agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective from time to time.

Credit Risk Retention Rules. The Credit Risk Retention regulations, 79 Fed Reg. 77601, pages 77740 - 77766 (Dec. 24, 2014), jointly promulgated by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Securities and Exchange Commission, and the Department of Housing and Urban Development (the “Agencies”) to implement the credit risk retention requirements under Section 15G of the Securities Exchange Act of 1934 (as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act), as such regulations may be amended from time to time by such Agencies, and subject to such clarification and interpretation as have been provided by such Agencies, whether in the adopting release, or as may be provided by any such Agency or its staff from time to time, in each case, as effective from time to time as of the applicable compliance date specified therein.

Credit Risk Retention Rules means Regulation RR (17 C.F.R. Part 246), as such rule may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Department of Treasury, the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Securities and Exchange Commission and the Department of Housing and Urban Development in the adopting release (79 F.R. 77601 et seq.) or by the staff of any such agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective from time to time.

Credit Risk Retention Rules. The final credit risk retention rules issued by the Office of the Comptroller of the Currency (appearing at 12 C.F.R. § 43.1, et seq.), the Securities and Exchange Commission (appearing at 17 C.F.R. § 246.1, et seq.) and the Board of Governors of the Federal Reserve System (appearing at 12 C.F.R. § 244.1, et seq.), in each case as applicable to any particular matter arising hereunder, that adopted the joint final rule promulgated by the Regulatory Agencies (appearing at 79 F.R. 77601; pages 77740-77766) to implement the credit risk retention requirements of Section 15G of the Securities Exchange Act of 1934, as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act, as such rule may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Regulatory Agencies in the adopting release (79 FR 77601 et seq.) or by the staff of any such agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective from time to time.