Risk Retention Letter definition

Risk Retention Letter. As described in the Offering Circular, that certain letter agreement entered into by Xxxxxxx Mac, dated as of the Closing Date.
Risk Retention Letter means the risk retention letter entered into between the Issuer, the Retention Holder, Hertz and the Issuer Security Trustee originally dated 26 September 2018, as amended and restated on 8 November 2019 and again on 23 December 2020 and as further amended, restated or supplemented from time to time.

Examples of Risk Retention Letter in a sentence

  • An event which occurs if at any time the Retention Holder (a) sells, xxxxxx or otherwise mitigates its credit risk under or associated with the E.U. Retention Notes or the underlying portfolio of Collateral Obligations, except to the extent permitted (i) under the E.U. Risk Retention Letter or (ii) otherwise in accordance with the E.U. Retention Requirements or (b) materially breaches the terms of the E.U. Risk Retention Letter.


More Definitions of Risk Retention Letter

Risk Retention Letter means that certain letter agreement, dated the date hereof, among Blackstone and the Administrative Agent.
Risk Retention Letter. The letter relating to the retention of net economic interest by the E.U./U.K. Retention Provider, and addressed to the Issuer and the Trustee.
Risk Retention Letter. The letter, dated as of the Closing Date, among the Issuer, the Receivables Seller and the Depositor, and acknowledged and agreed to by Credit Suisse and acknowledged by Deutsche Bank, as Indenture Trustee, Calculation Agent, Paying Agent and Securities Intermediary and not in its individual capacity, regarding Article 405(1) of EU Regulation 575/2013 and risk retention matters.
Risk Retention Letter means the risk retention letter, dated as of the Restructuring Amendment Date, from Retention Holder and Seller to Purchaser.
Risk Retention Letter means that certain Risk Retention Letter, dated as of September 15, 2014, from the Parent and the Originators to the Agent, as the same may be amended, restated or otherwise modified from time to time.
Risk Retention Letter. A letter agreement dated as of the date hereof in which, among other things, Ditech, as Receivables Seller, will undertake for the benefit of each Applicable Investor, to retain a net economic interest in the securitization for purposes of Article 405(1) of EU Regulation 575/2013. Rule 144A: Rule 144A promulgated under the Securities Act.