or more investors not affiliated with the Portfolio Advisor or any of its affiliates, except that a portion of the Preferred Shares will be held by the Retention Holder in order to comply with (i) the Initial Facility Agreement and (ii) the US and EU Risk Retention Rules with respect to Refinancing to the extent ap

a significant alignment of interest with investors in Preferred Shares and to comply with any applicable risk retention requirements then in effect, the Retention Holder intends to purchase, and retain, not less than 5% (or any other amount that is sufficient for the Issuer to comply with the requirements imposed pur

satisfy the U.S. Risk Retention Regulations with respect to the Refinancing (if the U.S. Risk Retention Regulations are applicable to the Issuer) by the Retention Holder by (i)(A) purchasing the U.S Retention Interest with respect to the Preferred Shares on each Preferred Share Issuance Date and (B) purchasing the U.

with any relevant requirements and none of the Issuer, the Portfolio Advisor, the Placement Agents, the Security Party, the Portfolio Administrator, the Retention Holder, their respective affiliates or any other Person makes any representation that the information described above is sufficient in all circumstances fo

means the United States Employee Retirement Income Security Act of 1974, as amended. "EU Risk Retention Letter" means the letter agreement to which the Retention Holder and [•] will among other things, give certain covenants and representations for the purpose of the EU Retention Requirements. "EU Risk Retention Ru