Define: Retention Letter

How is Retention Letter defined in a legal contract?

• Retention Letter means a correspondence about the retention of net economic interest. It takes significantly the form of [appreciably similar example], received by the [Retention Holder] and addressed to [relevant parties] and applicable [Affected Lender] on the designated date, inclusive of any future [Affected Lender]. It also involves any subsequent letters amending, restating, replacing, supplementing, updating, or otherwise modifying this original communication. Seen in 22 SEC filings
• Retention Letter means a communication from [an attorney] noting that they have been retained by [a Student] going through [disciplinary proceedings] as per the [Student Code of Conduct]. Seen in 7 SEC filings
• Retention Letter means a correspondence regarding the retention of net economic interest taking a significant form [appreciably similar example]. The letter is from the [Retention Provider] and addressed to each [Affected Lender], [Agent] and [the Borrower]. The communication can be amended, restated, or modified as per the situation. Seen in 6 SEC filings
• Retention Letter means each letter concerning the retention of net economic interest in a signficant form similar to [appreciably similar example], from the [Retention Provider] and addressed to [each Lender], the Facility [Agent] and [the Borrower]. Seen in 3 SEC filings
• Retention Letter means the letter entered into between [the Issuer], the [Retention Holder], [the Collateral Administrator], the Trustee, [the Arranger] and [the Placement Agent] dated on or about the [Issue Date]. It can be amended, supplemented or replaced in accordance with the [Securitisation Regulation Requirements] and notified in writing to the Trustee, the Collateral Administrator and the Issuer. Seen in 2 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of retention letter' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Retention Letter means a document held to maintain net economic interest significantly, updated by various [parties] from time to time.

Relevant Contract Types

• Commercial Loan Agreement
• Escrow Agreement
• Investment Agreement
• Partnership Agreement

Relevant Circumstances

• Business mergers
• Acquisition of new assets
• Long-term loan arrangements

Relevant Sectors

• Banking and Finance
• Asset Management
• Commercial Real Estate

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Genie Definition 2

• Retention Letter means a written statement from a [professional] confirming their appointment by a [party] to handle specific [proceedings].

Relevant Contract Types

• Legal Services Agreement
• Consulting Services Agreement
• Employment Agreement

Relevant Circumstances

• Retaining a lawyer for legal proceedings
• Hiring a consultant for a specific project
• Employment of a new management level staff

Relevant Sectors

• Legal Services
• Consultancy Services
• Human Resources

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