CECL Methodology definition

CECL Methodology. The current expected credit losses methodology for credit losses accounting under GAAP established under ASU 2016-13.
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CECL Methodology shall be added to Section 1.1, as described below:
Sample 1

Examples of CECL Methodology in a sentence

  • If after January 1, 2020, the CECL Methodology has been adopted, the Servicer shall not revise or amend its adjusted accounting policies as set forth in Exhibit M attached hereto, without the prior written consent of the Deal Agent (acting at the direction, or with the consent, of the Required Lenders).

  • Beginning on January 1, 2020, so long as the Company has adopted the CECL Methodology, when new Pools or Purchased Loans are pledged to the Collateral Agent, the related Funding Notice shall provide (A) the aggregate Outstanding Balance of the Contracts to be pledged to the Collateral Agent on the related Funding Date; and (B) the Aggregate Outstanding Eligible Loan Balance, each as of the applicable Cut-Off Date and as reported in the Servicer’s loan servicing system.

  • Beginning on January 1, 2020, so long as the Company has adopted the CECL Methodology, whenWhen new Pools or Purchased Loans are pledged to the Collateral Agent, the related Funding Notice shall provide (A) the aggregate Outstanding Balance of the Contracts to be pledged to the Collateral Agent on the related Funding Date; and (B) the Aggregate Outstanding Eligible Loan Balance, each as of the applicable Cut-Off Date and as reported in the Servicer’s loan servicing system.

  • Beginning on January 1, 2020, so long as CAC has adopted the CECL Methodology, the Funding Notice shall provide (A) the aggregate Outstanding Balance of the Contracts; and (B) the Aggregate Outstanding Eligible Loan Balance, each as of the applicable Cut-off Date and as reported in CAC’s loan servicing system.

  • For additional information, see "Capital Resources-Regulatory Capital Treatment-Modified Transition of the CECL Methodology" in Citigroup's Annual Report on Form 10-K for the year ended December 31, 2021, and Citigroup's Current Report on Form 8-K dated May 10, 2022 (as amended by a Current Report on Form 8-K/A dated May 10, 2022).

  • If after January 1, 2020, the CECL Methodology has been adopted, theThe Servicer shall not revise or amend its adjusted accounting policies as set forth in Exhibit M attached hereto, without the prior written consent of the Deal Agent (acting at the direction, or with the consent, of the Required Lenders).

  • Subtitle Copy 7 CECL Methodology Key Assumptions Macroeconomic Forecast Reasonable and supportable forecast period COVID-19 Qualitative adjustment - Used Moody's December baseline forecast for the local market MSA (released on December 21st).

  • The representations and warranties set forth in this Section 4.1 shall survive the Borrower’s pledge of the Collateral to the Collateral Agent and the termination of the rights and obligations of 3 Changes are effective as of 1/1/2020 if the CECL Methodology has been adopted.

  • Before January 1, 2020 (and on January 1, 2020 and thereafter if CAC has not adopted the CECL Methodology (as defined in the Loan and Security Agreement)), the Funding Notice shall provide (A) the aggregate Outstanding Balance of the Contracts; (B) the Aggregate Outstanding Eligible Loan Balance; and (C) the Aggregate Outstanding Eligible Loan Net Balance, each as of the applicable Cut-off Date and as reported in CAC’s loan servicing system.