CRR Compliance Sample Clauses

CRR Compliance. (i) From the 2016 Amendment Closing Date, ▇▇▇▇▇ undertakes for the benefit of the Owners to retain on an on-going basis a material net economic interest in accordance with Article 405 (1) sub-paragraph (a) of Regulation (EU) No. 575/2013 (the “CRR”) and the technical standards relating thereto in full force and effect as of the date of this Agreement. ▇▇▇▇▇ shall not, and shall not permit any Affiliate, to enter into any credit risk mitigation, short positions or any other hedge with respect to the retained interest, except to the extent permitted under the CRR. (ii) For purposes of each Monthly Report delivered pursuant to this Agreement, ▇▇▇▇▇ shall confirm whether ▇▇▇▇▇ is in compliance with Section 3.7(jj)(i), which confirmation shall be deemed satisfied by delivery of each Monthly Report. (iii) ▇▇▇▇▇ shall cooperate with Helaba and BNP Paribas, as applicable, by providing information or documents reasonably requested by such party in order to allow for Helaba or BNP Paribas, as applicable, to conduct its due diligence required under the T-Mobile (EIP) Third A&R RPAA CRR so that Helaba or BNP Paribas, as applicable, shall be able to demonstrate to the competent authorities (who have jurisdictional authority over Helaba or BNP Paribas, as applicable,) that Helaba or BNP Paribas, as applicable, has performed its due diligence and monitoring obligations (to the extent applicable) under the CRR; provided that any information provided by ▇▇▇▇▇, (i) is subject to the confidentiality provisions set forth in Section 9.8 of this Agreement, and (ii) relating to the Receivables or the related Obligors shall be limited to the T-Mobile Information. (iv) In the event of a breach of clause (i), (ii) or (iii) of this Section 3.7(jj) by ▇▇▇▇▇, the only remedy available for an Owner would be that, to the extent that such breach resulted in an additional risk-weighted capital charge (“CRR Cost”) imposed on such Owner, such CRR Cost would be treated as an Additional Cost for such Owner and shall be payable by ▇▇▇▇▇ as an Additional Cost in accordance with the terms of Section 8.3 hereof. The parties hereto acknowledge and agree that in no event shall a breach of clause (i), (ii) or (iii) of this Section 3.7(jj) by ▇▇▇▇▇ result in a Potential Termination Event, a Termination Event, a Potential Amortization Event or an Amortization Event.
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CRR Compliance. FC Funding, in its capacity as Seller and as sole member of the Borrower, undertakes, for the benefit of each Lender that is required to comply with the requirements of the CRR, that it shall: (i) hold and maintain, or cause another entity within the same consolidated group as FC Funding to hold and maintain, the Retained Interest on an ongoing basis until the Facility Termination Date; (ii) not sell or subject the Retained Interest to any hedge, credit risk mitigation or any short positions; (iii) for the purpose of each Monthly Report, confirm to the Servicer that it continues to comply with subsections (i) and (ii) above; (iv) provide notice promptly to such Lender in the event it has breached subsections (i) or (ii) above; (v) notify such Lender of any change to the form of retention of the Retained Interest; and (vi) provide all information which such Lender would reasonably request in order for such Lender to comply with its obligations under the CRR. FC Funding, as Seller and as sole member of the Borrower, represents that, on the Closing Date, the Retained Interest takes the form of a first loss position represented by its membership interest in the Borrower. Not later than the Business Day immediately preceding each Determination Date, the Seller shall provide to the Servicer the verification contemplated pursuant to the following paragraph. The Servicer shall include in each Monthly Report verification that the Seller has confirmed that, as of the date of such Monthly Report, it (A) continues to hold the Retained Interest on the date of such Monthly Report, and (B) has not sold or subjected the Retained Interest to hedge, any credit risk mitigation or any short positions.
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Related to CRR Compliance

  • CEQA Compliance The District has complied with all assessment requirements imposed upon it by the California Environmental Quality Act (Public Resource Code Section 21000 et seq. (“CEQA”) in connection with the Project, and no further environmental review of the Project is necessary pursuant to CEQA before the construction of the Project may commence.

  • S▇▇▇▇▇▇▇-▇▇▇▇▇ Compliance As soon as it is legally required to do so, the Company shall take all actions necessary to obtain and thereafter maintain material compliance with each applicable provision of the S▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the rules and regulations promulgated thereunder and related or similar rules and regulations promulgated by any other governmental or self-regulatory entity or agency with jurisdiction over the Company.

  • PCI Compliance Company shall not connect to or utilize any computer network or systems of the Aviation Authority, including, without limitation, for transmission of credit card payments. Company shall be solely responsible for providing and maintaining its own computer networks and systems and shall ensure its system ensure its system used to collect, process, store or transmit credit card or customer credit card and/or personal information is compliant with all applicable Payment Card Industry (“PCI”) Data Security Standard (“DSS”). 1. Company shall, within 5 days, notify the Aviation Authority of any security malfunction or breach, intrusion or unauthorized access to cardholder or other customer data, and shall comply with all then applicable PCI requirements. 2. Company, in addition to notifying the Aviation Authority and satisfying the PCI requirements, will immediately take the remedial actions available under the circumstances and provide the Aviation Authority with an explanation of the cause of the breach or intrusion and the proposed remediation plan. Company will notify the Aviation Authority promptly if it learns that it is no longer PCI DSS compliant and will immediately provide the Aviation Authority with a report on steps being taken to remediate the non-compliance status and provide evidence of compliance once PCI DSS compliance is achieved. 3. Company, its successor’s and assigns, will continue to comply with all provisions of this Agreement relating to accidents, incidents, damages and remedial requirements after the termination of this Agreement. 4. Company shall ensure strict compliance with PCI DSS for each credit card transaction and acknowledges responsibility for the security of cardholder data. Company will create and maintain reasonable detailed, complete and accurate documentation describing the systems, processes, network segments, security controls and dataflow used to receive, process transmit store and secure Customer’s cardholder data. Such documentation shall conform to the most current version of PCI DSS. 5. Company must maintain PCI Certification as a bankcard merchant at the Airport. Company is responsible, at Company’s own expense, to contract and pay for all quarterly, annual or other required assessments, remediation activities related to processes within Concessionaire’s control, analysis or certification processes necessary to maintain PCI certification as a bankcard merchant. 6. PCI DSS - Company shall make available on the Premises, within 24 hours upon request by the Aviation Authority, such documentation, policies, procedures, reports, logs, configuration standards and settings and all other documentation necessary for the Aviation Authority to validate Company’s compliance with PCI DSS as well as make available to the individuals responsible for implementing, maintaining and monitoring those system components and processes. Requested logs must be made available to the Aviation Authority in electronic format compatible with computers used by the Aviation Authority. 7. Evidence of PCI DSS Compliance – Company agrees to supply their PCI DSS compliance status and evidence of its most recent validation of compliance upon execution of the Contract. Company must supply to the Aviation Authority evidence of validation of compliance at least annually to be delivered along with the Annual Certification of Fees in accordance with Article 5.C. of this Agreement.

  • HSR Compliance The applicable waiting period under the HSR Act shall have expired or been terminated.

  • OSHA Compliance To the extent applicable to the services to be performed under this Agreement, Contractor represents and warrants, that all articles and services furnished under this Agreement meet or exceed the safety standards established and promulgated under the Federal Occupational Safety and Health Law (Public Law 91-596) and its regulations in effect or proposed as of the date of this Agreement.