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Credit Criteria Sample Clauses

Credit Criteria. A. With respect to each Obligor on each Contract, the Buyer shall perform all credit checks and reviews that are standard for the motor vehicle lease industry and shall supply the verification information to the Company at the time of acquisition of each Contract. B. In addition to the credit checks and reviews set forth in paragraph IV.A. above, each Obligor must satisfy the following criteria: 1. Verifiable home telephone number in Obligor's residence; 2. Residence: (a) Evidence of purchase, lease or rental agreement in Obligor's name; (b) Stability - Review length of time at last two addresses, as well as time in area;
Credit Criteria. Obligors on all Contracts purchased by Company must have supplied the following credit information and meet the following requirements, and Servicer shall perform verification procedures in an industry-standard manner observing due care and procedure: A. Personal reference with address and telephone number. B. Copy of credit application executed by Obligor which contains the necessary information to verify by telephone or otherwise the Obligor's address, employment and personal references and to obtain a credit report from a credit reporting agency. C. Obligor must have a valid driver's license. D. No cosigners, except immediate family members. E. Obligor must be at least 18 years old. To the extent that, in the Servicer's good faith judgement, Contracts which do not satisfy the criteria specified in I(A) through III(A) above may be purchased for a purchase price which would be beneficial to the Company, Servicer may purchase such Contracts. EXHIBIT B MONTHLY REPORT CERTIFICATE For Month: _________, 199__ (the "Collection Period")
Credit Criteria. (a) Retailer acknowledges and agrees that Bank may: (i) subject to Section 7.4(e), issue either a Private Label Credit Card or a Co-Brand Credit Card to any new applicant for an Account; and (ii) issue at any time and from time to time a Co-Brand Credit Card to any existing Cardholder or group of Cardholders as a replacement for an existing Private Label Credit Card; provided, however, that (x) if a Cardholder requests to keep the Private Label Credit Card, Bank will honor such request and (y) Retailer and Bank agree that decisions to issue Co-Brand Credit Cards as replacements for existing Private Label Credit Cards on a Program-wide basis (either to individual Cardholders based on the use of systemic thresholds or simultaneously to a group of Cardholders) shall be mutually agreed upon in advance by Bank and Retailer. For the avoidance of doubt, nothing contained in this Section 7.4(a) shall limit Bank’s ability to establish or modify the credit criteria used in evaluating applicants and Cardholders under the Program pursuant to Section 7.4(b). (b) Bank shall establish in its discretion and may modify from time to time any or all of the credit criteria used in evaluating applicants under the Program (including the creditworthiness of individual applicants, the range of credit limits to be made available to individual Cardholders and whether to suspend or terminate the credit privileges of any Cardholder); provided that Bank shall provide the Operating Committee with prior notice of, and consult with the Operating Committee with respect to, any proposed material modification to the credit criteria or risk management policies, and shall seek input from Retailer on any communications to Cardholders required in connection with such change prior to implementation. If Retailer has an issue regarding any change to the credit criteria or risk management policies, Bank and Retailer shall discuss such issue and escalate in accordance with Sections 5.5 and 5.6(a). Bank shall ensure that the credit criteria and risk management policies that Bank utilizes to manage Program risk will be [***]. (c) The provisions of Schedule 7.4(c) hereto shall apply with respect to the Minimum Credit Targets for the Program. (d) Within sixty (60) days following the Effective Date, Bank and Retailer shall meet and prepare a joint plan to address ways to materially improve online approval rates, which such plan may include offering the Private Label Credit Card only online. (e) Bank agre...
Credit Criteria. Bank shall establish in its discretion and may modify from time to time any or all of the credit criteria used in evaluating applicants under the Program (including, without limitation, the creditworthiness of individual applicants, the range of credit limits to be made available to individual Cardholders and whether to suspend or terminate the credit privileges of any Cardholder). Bank will consult with Retailer regarding any changes to the credit criteria used for the Program which, in Bank’s reasonable opinion, could reasonably be expected to have a material adverse affect on the Program.
Credit Criteria. The Bank, in its sole discretion, may, and the Client hereby authorizes the Bank to, perform credit reviews of the Client in accordance with the Bank’s credit criteria. The Client shall, upon the Bank’s request, provide the Bank with any credit-related information and assistance as the Bank may require in performing any such review. The Client agrees to provide the Bank with financial statements or other information regarding the Client’s financial condition upon the Bank’s request.
Credit Criteria. As an entity established in a country outside the European Union, it reasonably believes, in light of the information available to it, that it has granted all credits giving rise to the Portfolio Assets on the basis of sound and well-defined criteria and clearly established processes for approving, amending, renewing and financing those credits and has effective systems in place to apply those criteria and processes to ensure that credit-granting is based on a thorough assessment of the obligors’ creditworthiness.
Credit Criteria. Bank shall establish in its discretion and may modify from time to time any or all of xxx xxedit criteria used in evaluating applicants under the Program (including, without limitation, the creditworthiness of individual applicants, the range of credit limits to be made available to individual Accountholders, and whether to suspend or terminate the credit privileges of any Accountholder). Bank shall not administer or otherwise apply its credit criteria to Account applicants and Accountholders in an unlawful or illegal manner. Bank will notify Retailer of any changes to the credit criteria used for the Program which, in Bank’s reasonable opinion, could reasonably be expected to have a material adverse effect on the Program and will consult with Retailer regarding any such changes.
Credit Criteria a. With respect to each Obligor on each Contract, the Acquisition Agent shall perform all credit checks and reviews that are standard for the motor vehicle lease industry and shall supply the verification information to the Buyer at the time of acquisition of each Contract. b. In addition to the credit checks and reviews set forth in IV.a. above, each Obligor must satisfy the following criteria: 1. Verifiable home telephone number in Obligor's residence; 2. Residence: (A) Evidence of purchase, lease or rental agreement in Obligor's name; (B) Stability- Review time lived at last two addresses, as well as time in area;
Credit Criteria. Seller is not obligated to provide service to a Member that does not satisfy Seller’s credit criteria.
Credit Criteria. Obligors on all Contracts purchased by Buyer must have supplied the following credit information and meet the following requirements, and Purchasing Agent shall perform verification procedures in an industry-standard manner observing due care and procedure: A. Personal reference with address and telephone number. B. Copy of credit application executed by Obligor which contains the necessary information to verify by telephone or otherwise the Obligor's address, employment and personal references and to obtain a credit report from a credit reporting agency. C. Obligor must have a valid driver's license. D. No cosigners, except immediate family members. E. Obligor must be at least 18 years old.