Watch List – Probable Loss Sample Clauses

Watch List – Probable Loss. Borrower is operating more than 40% below the GMS Finance Base Case and at the current level of operations and financial condition, the borrower does not have the ability to service and ultimately repay or refinance all outstanding debt on current terms. Payment default is very likely or may have already occurred. The prospects for improvement in the borrower’s situation are sufficiently negative that impairment of some or all of GMS Finances’ principal is probable. For the purpose of this definition, “probable” means greater than 70%. An impairment and non-accrual status may have been implemented. Approval and Maintenance of Risk Ratings on Middle Market Loans Rating Agency Rating. If the rating is a credit estimate, it is the responsibility of the Underwriting Staff to provide all information required by the rating agencies for the initial rating as well as updates. Notice of initial ratings or any change in ratings should be communicated immediately to Risk Management. Risk Management is responsible for forecasting rating changes as appropriate. Carlyle GMS Finance, Inc. 5 Risk Policy Manual – May 2013 Trade Secret and Strictly Confidential Internal Risk Rating. It is the responsibility of the Portfolio Management Staff to maintain MS Finance’s Internal Risk Rating for Middle Market Loans on a timely basis. All ratings should be reviewed at least quarterly or more frequently as necessary in conjunction with the normal Loan Monitoring process (see Policy 5.0 – Loan Monitoring, and Policy 5.1 – Portfolio Reviews.) All changes in borrower status or performance which would trigger a downgrade in GMS Finance’s Internal Risk Rating for that borrower should be communicated on a timely basis to Risk Management. Additionally, all downgrades to 4 or worse will be communicated to the GMS Finance Investment Committee (the “Investment Committee”), GMS Finance General Counsel (“General Counsel”), GMS Finance Chief Financial Officer (“CFO”), GMS Finance Chief Accounting Officer (“CAO”) and GMS Director of Operations. Final Authority for the Internal Risk Rating Internal Risk Rating changes must be approved in accordance with Policy 2.0 - Risk Rating Methodology and Policy 2.1 – Approval Authorities. Carlyle GMS Finance, Inc. 6 Risk Policy Manual – May 2013 Trade Secret and Strictly Confidential POLICY 2.1 – APPROVAL AUTHORITIES Scope The following authorities specifically cover Middle Market Loans.
Sample 1
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Watch List – Probable Loss. Borrower is operating more than 40% below the GMS Finance Base Case and at the current level of operations and financial condition, the borrower does not have the ability to service and ultimately repay or refinance all outstanding debt on current terms. Payment default is very likely or may have already occurred. The prospects for improvement in the borrower’s situation are sufficiently negative that impairment of some or all of GMS Finances’ principal is probable. For the purpose of this definition, “probable” means greater than 70%. An impairment and non-accrual status may have been implemented.
Sample 1
Watch List – Probable Loss. Structured Credit Investment is expected to experience an actual loss of principal (non-xxxx-to-market) with little possible upside, and declining or no cash flow.
Sample 1

Related to Watch List – Probable Loss

  • DATA LOSS The Company does not accept responsibility for the security of Your account or content. You agree that Your use of the Website or Services is at Your own risk.

  • Allowance for Possible Loan Losses The allowance for possible loan or credit losses (the “Allowance”) shown on the consolidated balance sheets of each Subsidiary, as applicable, included in the most recent SEC Documents dated prior to the date of this Agreement was, as of the dates thereof, adequate (within the meaning of GAAP and applicable regulatory requirements or guidelines) to provide for all known, reasonably anticipated or probable losses relating to or inherent in the loan and lease portfolios (including accrued interest receivables) of such Subsidiary and other extensions of credit (including letters of credit and commitments to make loans or extend credit) by such Subsidiary as of the date thereof; provided, however, that there can be no assurance that future losses will not exceed the Allowance, or that additional provisions for loan losses will not be required in future periods, and provided, further, that it is understood that the Company’s determination of the Allowance is subject to review by the Company’s bank regulator, which can require the establishment of additional general or specific allowances.

  • Data Loss Prevention DST shall implement a data leakage program that is designed to identify, detect, monitor and document Fund Data leaving DST’s control without authorization in place.

  • Failure to Procure Insurance Failure on the part of Provider, or any of its subcontractors, to procure or maintain required insurance shall constitute a material breach of contract under which the District may immediately terminate this Agreement.

  • Insurance, Loss Deductible The Customer shall be exempt from, and in no way liable for, any sums of money which may represent a deductible in any insurance policy. The payment of such deductible shall be the sole responsibility of the Contractor providing such insurance. Upon request, the Contractor shall furnish the Customer an insurance certificate proving appropriate coverage is in full force and effect.

  • Opinion of Probable Cost Any opinions of probable Project cost or probable construction cost provided by Engineer are made on the basis of information available to Engineer and on the basis of Engineer’s experience and qualifications and represents its judgment as an experienced and qualified professional engineer. However, since Engineer has no control over the cost of labor, materials, equipment or services furnished by others, or over the contractor(s’) methods of determining prices, or over competitive bidding or market conditions, Engineer does not guarantee that proposals, bids or actual Project or construction cost will not vary from opinions of probable cost Engineer prepares.

  • Responsible Contractor A responsible Contractor is a Contractor who has demonstrated the attribute of trustworthiness, as well as quality, fitness, capacity and experience to satisfactorily perform the contract. It is the County’s policy to conduct business only with responsible Contractors.

  • Environmentally Preferable Procurement Policy The Environmentally Preferable Procurement Policy, along with a brief policy description, is located on the City’s website at the following link: xxxx://xxx.xxxxxxxxx.xxx/esd/natural-energy-resources/epp.htm. Environmental procurement policies and activities related to the completion of any Work will include, whenever practicable, but are not limited to:  The use of recycled and/or recyclable products in daily operations (i.e. 30%, 50%, 100% PCW paper, chlorine process free, triclosan free hand cleaner, etc.);  The use of energy-star compliant equipment;  The use of alternative fuel and hybrid vehicles, and implementation of protocols aimed at increasing the efficiency of vehicle operation;  The implementation of internal waste reduction and reuse protocol(s); and  Water and resource conservation activities within facilities, including bans on individual serving bottled water and the use of compostable food service products.

  • Products and Completed Operations Personal Injury Liability Contractual Liability The policy shall be on an occurrence form and limits shall not be less than: $1,000,000 Each Occurrence $2,000,000 General Aggregate $1,000,000 Products/Completed Operations Aggregate $1,000,000 Personal & Advertising Injury

  • Loss Leader; Recycled Products Contractor shall not sell or use any article or product as a “loss leader” as defined in Section 17030 of the Business and Professions Code. If Contractor will sell to the Judicial Council, or use in the performance of this Agreement, goods specified in PCC 12207 (for example, certain paper products, office supplies, mulch, glass products, lubricating oils, plastic products, paint, antifreeze, tires and tire-derived products, and metal products), then with respect to those goods: (i) Contractor shall use recycled products in the performance of this Agreement to the maximum extent doing so is economically feasible, and (ii) upon request, Contractor shall certify in writing under penalty of perjury, the minimum, if not exact, percentage of post consumer material as defined in the PCC 12200, in such goods regardless of whether the goods meet the requirements of PCC 12209.

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