Risk Acceptance Criteria Sample Clauses

Risk Acceptance Criteria. The company has developed Risk Acceptance Criteria, (“RAC’s) to be used as a guide in structuring and evaluating loan transactions. These criteria must be considered when underwriting a transaction. The underwriting officer is responsible for summarizing compliance with the RACs and noting exceptions. Any and all exceptions must be considered in determining whether a transaction should be recommended for approval. While there are common considerations when considering loans of all types such as credit, collateral, etc, the separate business units contain their own unique sets of risks and credit considerations. Therefore, RAC’s have been developed for each business unit for various types of transactions within those units. The following pages show the current risk acceptance criteria developed for each group. Healthcare transactions are evaluated using three sets of RACs. One for term loans, one for revolvers and one for equipment leases. For Corporate Finance, three sets of RACs have been developed. The RAC’s are for ABL, Senior Term Loans and Mezzanine/Subdebt transactions. Finally, Structured Finance has three sets of RACs, Vacation Ownership, Real Estate and Rediscount. HealthCare Finance — Secured Term Deals Risk Acceptance Criteria Risk Acceptance Criteria Risk Acceptance Description Comment on Compliance Market Segment Healthcare service companies including Skilled Nursing Facilities, Assisted Living Facilities, Congregate Care Retirement Communities, Acute Care and Long-Term Acute Care Hospitals, Ambulatory Surgery Centers, Home Health Providers, and Mental Health Providers Borrower Size $5MM annual revenues Loan Size (hold) Minimum SIMM, maximum $55MM Geographic Region No Restrictions Borrower Recourse Normal and customary non-recourse carve-outs Interest Rate Prime or Libor Based Term Loan Maturity Up to seven years Term Loan Amortization Negotiable; Typically 25 year with balloon Use of Proceeds Business Acquisition, Real Estate Financing Collateral First Mortgage on Real Property and all available assets Loan to Value Loan to value should not exceed 80% of M.A.I, appraised value and also a multiple of underwritten cash flows. Debt Service Coverage Stabilized should support Debt Service in excess of CapitalSource Facility Appraisals Required Personal Guarantees Negotiable Evaluation of Management Must be performed by an Investment Officer and Underwriting Officer HealthCare Finance — Asset Based Deals Risk Acceptance Criteria Risk Acceptance Cri...
Sample 1
AutoNDA by SimpleDocs
Risk Acceptance Criteria. Must be 22 years of age or older at the time the application is submitted · Must have one year of verifiable over-the-road tractor trailer experience within the past 36 months · Cannot have more than 12 months of unverifiable work history or unemployment (while not receiving unemployment benefits) within the past 36 months · Must be a U.S. citizen · Must hold a valid CDL A issued by the applicant’s current state of residence · Must be able to physically inspect equipment for safety/mechanical defects · Must be able to load and unload cargo · Must be able to hook and unhook tractors and trailers · Must be able to complete required paperwork · Must be able to communicate via telephone · Must be able to complete physical and cognitive functions such as: sit for an extended period of time, steer, shift gears, operate the clutch, brake and climb in and out of the tractor · Must be able to pass a DOT regulated physical · Applicant must be within Quality’s outlined hiring area Disqualifying Conditions: · DUI, DWI, any felony, careless or reckless driving, leaving the scene of an accident, fleeing or eluding the police or assault with a vehicle within the past 10 years · Sale of a controlled substance, possession of a controlled substance with the intent to distribute, the possession of a controlled substance or the transportation of a controlled substance in a commercial vehicle or failure or refusal to take a drug or alcohol test ever · Two or more DUIs or DWIs in a lifetime · One or more preventable incident within the past six months · One or more preventable accident (not including incidents on private property unless damage is more than $5000 and/or includes police involvement) in the past 12 months of driving · Any combination of three tickets/preventable accidents or incidents in the last three years, including no more than one major violation (DOT recordable accident, major accident or major moving violation) · Any combination of “serious” infractions as outlined by FMCSR Subpart 383.51 during the prescribed period of disqualification or DOT mandated suspensions for excessive violations within the past five years · Applicants currently on parole, probation or with a pending charge 9000 Xxxx 00xx Xxxxxx | Ixxxxxxxxxxx, XX 00000 | QxxxxxxXx.xxx | P: (000) 000-0000 EXHIBIT C PROGRAM AGREEMENT See attached. PROGRAM AGREEMENT This Program Agreement (this “Agreement”) is entered into as of September 28, 2015, by and between 19th Capital Group, LLC, a Delaware l...
Sample 1
Risk Acceptance Criteria. All prospective Lessees/Borrowers shall be required to meet 19th Capital’s risk acceptance criteria (“RAC”) as established by 19th Capital from time to time and provided to Quality in writing. 19th Capital may from time to time modify the requirements for credit approval of prospective Lessees/Borrowers on such terms as may be determined by 19th Capital in its sole discretion and provide such modifications to Quality in writing.
Sample 1

Related to Risk Acceptance Criteria

  • Acceptance Criteria a) The operational ground check, the engine performance check and the acceptance flight contemplated in clause 2.2, 2.3 and 2.4 shall be conducted using Airbus’ ISATM.

  • Purge Criteria In order to avoid the Aged History Retention fees, history data for regular or ordinary accounts (that is, non-tax advantaged accounts) must be purged if the confirmation date of the history transaction is prior to January 1 of the current year and history data for tax advantaged accounts (retirement and educational savings accounts) must be purged if the confirmation date of the history transaction is prior to January 1 of the prior year. All purged history information shall be retained on magnetic tape for 7 years.

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

  • Selection Criteria Each Contract is secured by a new or used Motorcycle. No Contract has a Contract Rate less than 1.00%. Each Contract amortizes the amount financed over an original term no greater than 84 months (excluding periods of deferral of first payment). Each Contract has a Principal Balance of at least $500.00 as of the Cutoff Date.

  • Performance Objectives Subject to the terms of this Agreement, the Participant’s interest in the Stock Award shall vest and become transferable in accordance with paragraphs 3, 4 and 5 and Exhibit I based on the Company’s Compounded Annual Growth Rate TSR for the applicable measurement period relative to the Compounded Annual Growth Rate TSR for the applicable measurement period for the companies (other than the Company) listed in the NAREIT Hotel Index.

  • Goals A. WHAT ARE YOUR MBE/WBE/DVBE PARTICIPATION GOALS? MINORITY BUSINESS ENTERPRISES (MBEs) WOMAN BUSINESS ENTERPRISES (WBEs) DISABLED VETERAN BUSINESS ENTERPRISES (DVBEs)

  • Performance Goals A. The Trust and State Street have developed mutually acceptable performance goals dated March 1, 2011 , and as may be amended from time to time, regarding the manner in which they expect to deliver and receive the services under this Agreement (hereinafter referred to as “Service Level Agreement”). The parties agree that such Service Level Agreement reflects performance goals and any failure to perform in accordance with the provisions thereof shall not be considered a breach of contract that gives rise to contractual or other remedies. It is the intention of the parties that the sole remedy for failure to perform in accordance with the provisions of the Service Level Agreement, or any dispute relating to performance goals set forth in the Service Level Agreement, will be a meeting of the parties to resolve the failure pursuant to the consultation procedure described in Sections V. B. and V.C. below. Notwithstanding the foregoing, the parties hereby acknowledge that any party’s failure (or lack thereof) to meet the provisions of the Service Level Agreement, while not in and of itself a breach of contract giving rise to contractual or other remedies, may factor into the Trust’s reasonably determined belief regarding the standard of care exercised by State Street hereunder.

  • Commercial Milestones In partial consideration of the rights granted by AstraZeneca to Licensee hereunder, Licensee shall pay to AstraZeneca the following payments, which shall be non-refundable, non-creditable and fully earned upon the first achievement of the applicable milestone event:

  • Order Acceptance All purchase orders are subject to acceptance by LipoMatrix at its Neuchatel office. LipoMatrix shall have no obligation or liability to Distributor with respect to purchase orders which are not accepted; however LipoMatrix shall not unreasonably reject any purchase order. LipoMatrix shall use reasonable efforts to deliver Products covered by accepted purchase orders at the times specified in the corresponding quotation or written acceptance of Distributor's purchase order. Any orders in the ordinary course of business, consistent with normal ordering practices, that are rejected by LipoMatrix shall be deducted from the purchase quota for such Ordering Year as set forth in Section III.B.1. Distributor's purchase orders hereunder shall be governed by the terms and conditions of this Agreement. Nothing contained in any purchase order shall in any way modify or add any terms or conditions of sale.

  • Investment Objectives The investment objectives and guidelines for the Account will be communicated in writing by the Client from time to time. ING-IM will utilize these objectives in managing the Account.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!