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 applicable. Portfolio Advisor RREEF America L.L.C., as portfolio advisor (the "Portfolio Advisor). Sec

5% (or any other amount that is sufficient for the Issuer to comply with the requirements imposed pursuant to the US (to the extent applicable) and EU Risk Retention Rules) of the Preferred Shares, the loans comprising the Initial Facility and the Issuer's securities issued pursuant to the Refinancing during the life o