Credit Impaired definition

Credit Impaired means, with respect to any Reference Entity and any date, that as at such date has a significant risk of materially declining in credit quality in the Portfolio Manager's reasonable judgment.
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Credit Impaired means the Obligor:
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Credit Impaired means when a financial asset is in a state where one or more events that have a detrimental impact on the estimated future cash flows of that financial asset has occurred (Annex I).
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Examples of Credit Impaired in a sentence

  • The Collateral Manager may direct the Trustee to sell any Credit Impaired Obligation at any time during or after the Reinvestment Period without restriction.

  • Such calculations shall be based upon the principal amount of such Collateral Obligations, except in the case of Defaulted Obligations and Credit Impaired Obligations, in which case the calculations shall be based upon the Principal Proceeds received on the disposition or sale of such Defaulted Obligations or Credit Impaired Obligations.

  • Such Repurchase Notice shall specify the date on which the Seller desires that such repurchase occur (such date, the “Repurchase Date”), and shall identify each Defaulted Contract, Delinquent Contract, Credit Impaired Contract, Discretionary Contract or Contract as to which a Prepayment has occurred to be included in such repurchase.

  • In the event a Collateral Interest becomes a Credit Impaired Collateral Interest or Defaulted Collateral Interest, the Majority Equityholder may direct the Special Servicer, no more often than once in any 12 month period, to obtain a new appraisal for the related Collateral Interest Property at the expense of the Majority Equityholder.

  • An asset classified as “Substandard,” “Doubtful,” “Loss” or a similar category in accordance with the then-current regulations of the applicable Bank Regulatory Authority, excluding the Purchased Credit Impaired Assets.