Credit Policies and Procedures definition

Credit Policies and Procedures means the Credit and Collection Policies and Procedures of the Collateral Manager attached hereto as Exhibit E, as in effect on the Closing Date or as modified from time to time in a manner expressly permitted pursuant to Section 5.02(u); provided that the Credit Policies and Procedures shall include risk rating methodology and provide that the Obligors of the Collateral Loans shall have some (but not necessarily all) of the following characteristics: (i) a strong management team, (ii) a proven ability to withstand industry and credit cycles, (iii) revenue greater than $10,000,000 on an annual basis, (iv) EBITDA greater than $2,000,000 (other than Recurring Revenue Loans), (v) strong margins and free cashflow (other than Recurring Revenue Loans), (vi) modest capital expenditures and (vii) recurring revenue and stable historical performance.
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Credit Policies and Procedures means the credit policies and procedures set forth in the Seller’s Credit Policies and Procedures Manual.
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Credit Policies and Procedures shall have the meaning set forth in Section 3.9(b).
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Examples of Credit Policies and Procedures in a sentence

  • More details are in the Minimum Graduate Degree Credit Policies and Procedures.

  • The Group’s Credit Policies and Procedures Manual defines the credit extension and measurement criteria, the credit review, approval and monitoring processes and the system of loan classification and provision.

  • In all other cases, CCR limit is approved based on credit assessment process followed by the Bank as per the Credit Policies and Procedures Manual.

  • The CRECOM also serves as the oversight function for the Bank’s credit underwriting procedures, reviews the Bank’s Credit Policies and Procedures, and informs the Board of Directors on accounts approved by CRECOM despite deviation from credit policies and procedures.

  • Servicer shall comply with and perform its management and servicing obligations hereunder in accordance with the Credit Policies and Procedures.

  • The information regarding prior learning can be found on the College website: Transfer Credit Policies and Procedures.

  • To the extent not inconsistent with the foregoing, Servicer shall follow its customary standards, policies and procedures in performing its duties under this Agreement as set forth in its Credit Policies and Procedures.

  • Credit Risk Management Infrastructure Credit Policies and Procedures – All credit risk policies issued by the regulatory bodies (BSP, SEC, PDIC, etc.) automatically form part of the Bank’s board-approved credit risk policies.

  • In respect of Trust Receivables where a customer is in financial difficulty (including, but not limited to, in connection with the economic impact of COVID-19), the Servicer may permit or require modification of loan contracts to, among other things, allow capitalisation of arrears, conversion to interest only, reduce interest margins and/or extend the loan term, subject to applicable law, the Credit Policies and Procedures and the Transaction Documents.

  • Loans in the Loan Portfolio had an aggregate initial principal amount of approximately $63 million as of August 2010.Originations by PFC have been consistent with the underwriting criteria outlined in its Credit Policies and Procedures Manual.


More Definitions of Credit Policies and Procedures

Credit Policies and Procedures means the criteria and procedure by which ISO determines the creditworthiness and suitability of the Merchant as approved by the Bank.
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Credit Policies and Procedures shall have the meaning set forth in the Stock Purchase Agreement.
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Credit Policies and Procedures means the Credit and Collection Policies and Procedures of the Collateral Manager attached hereto as Exhibit E, as in effect on the Closing Date or as modified from time to time in a manner expressly permitted pursuant to Section 5.02(u); provided that the Credit Policies and Procedures shall include risk rating methodology and provide that the Obligors of the Collateral Loans shall have some (but not necessarily all) of the following characteristics: (i) a strong management team, (ii) a proven ability to withstand industry and credit cycles, (iii) revenue greater than$10,000,000 on an annual basis, (iv) EBITDA greater than $2,000,000 (other than Recurring Revenue Loans), (v) strong margins and free cashflow (other than Recurring Revenue Loans), (vi) modest capital expenditures and (vii) recurring revenue and stable historical performance.
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Credit Policies and Procedures shall have the meaning set forth in Section 3.9(b). “Custodial Agreement” means any custodial agreement, and any amendment, modification or restatement thereof, that Sellers or any of their Affiliates, a custodian and an Obligor entered into and pursuant to which the applicable custodian retains certain Collateral for the Receivables in its possession for the benefit of Sellers and any of their Affiliates. “DB Secured Credit Facility” means the Loan and Security Agreement, dated January 26, 2006, as amended, among Resort Funding SPE, as borrower, RFC, as Master Servicer, certain conduit lenders, committed lenders and managing agents thereto and Deutsche Bank AG, New York Branch, as Administrative Agent and all other agreements entered into or documents delivered in connection therewith, including the Sale and Contribution Agreement, dated January 26, 2006, as amended between Resort Funding SPE and RFC. “DB Secured Credit Facility Closing Date Amendment” means the amendment to the DB Secured Credit Facility, dated as of the Closing Date, pursuant to which Purchaser will assume the rights and obligations of RFC as Master Servicer thereunder. “DB Secured Credit Facility June 3 Amendment” means Amendment No. 5 to the DB Secured Credit Facility, dated June 3, 2008, to extend the term of the facility to June 3, 2009, consent to the acquisition by Purchaser of the Business and the SPE Interests, under this Agreement and to make certain other amendments contained therein, as amended by that extension entered into on June 24, 2008. “Deposit Amount” shall have the meaning set forth in Section 2.6(a). “Developer Note Receivables” means the original secured promissory notes evidencing the indebtedness of an Obligor under a Receivable, together with any allonge, rider, addendum or amendment thereto or any renewal, substitute or replacement thereof, and related Security
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Credit Policies and Procedures means the credit policies and procedures of the Servicer.
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Related to Credit Policies and Procedures

  • Policies and Procedures means the written policies and procedures of the Client in any way related to the Services, including any such policies and procedures contained in the Organic Documents and the Offering Documents.

  • Credit Policy means the “New Jersey Infrastructure Bank Credit Policy,” as adopted by the Board of Directors of the I-Bank and as further amended and supplemented from time to time.

  • Operation Procedures means the procedures contained in Annexure A hereto which the Contractor is obliged to follow when performing work on behalf of the company

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • Delinquency Collection Policies and Procedures The delinquency collection policies and procedures of the Interim Servicer, a copy of which is attached to the Interim Servicing Agreement as Exhibit 11.

  • MERS Procedures Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Procurement Guidelines means the “Guidelines: Procurement under IBRD Loans and XXX Credits” published by the Bank in May 2004 and revised in October, 2006.

  • Investment Policies means the investment objectives, policies, restrictions and limitations set forth in the “BUSINESS” section of its Registration Statement, and as the same may be changed, altered, expanded, amended, modified, terminated or restated from time to time.

  • Procedures Manual means the standards and procedures manual described in Section 11.3.

  • railway operational procedures means procedures specified under any access agreement (as defined in the Railways Act 1993) or station lease;

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • COGE Handbook means the Canadian Oil and Gas Evaluation Handbook prepared jointly by The Society of Petroleum Evaluation Engineers (Calgary Chapter) and the Canadian Institute of Mining, Metallurgy & Petroleum (Petroleum Society), as amended from time to time.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • FCA Handbook means the FCA Handbook of Rules and Guidance as amended from time to time.

  • Bidding Procedures means the procedures governing the Auction and sale of all or substantially all of the Debtors’ assets, as approved by the Bankruptcy Court and as may be amended from time to time in accordance with their terms.

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Standard Operating Procedures or “SOP” means the procedures as specified in the Annexes or Attachments to the relevant Schedules;

  • Operating Procedures means the standard internal operating procedures and compliance policies established by the Company to implement the Compliance Plan.

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • Operating Guidelines means the guidelines for the creation and redemption of Units of a class as set out in the schedule to each Participation Agreement as amended from time to time by the Manager with the approval of the Trustee, and where applicable, with the approval of HKSCC and the Conversion Agent, and following consultation, to the extent reasonably practicable, with the relevant Participating Dealers subject always, in respect of the relevant Operating Guidelines for a Participating Dealer, any amendment being notified in writing by the Manager in advance to the relevant Participating Dealer. Unless otherwise specified, references to the Operating Guidelines shall be to the Operating Guidelines for the relevant Sub-Fund applicable at the time of the relevant Application.

  • Credit Card Guidelines means the respective policies and procedures of the Account Owner, as the case may be, as such policies and procedures may be amended from time to time, (a) relating to the operation of its credit card business, which generally are applicable to its portfolio of revolving credit card accounts and in each case which are consistent with prudent practice, including the policies and procedures for determining the creditworthiness of credit card customers and the extension of credit to credit card customers, and (b) relating to the maintenance of revolving credit card accounts and collection of credit card receivables.

  • Risk Management Policy means the Risk Management Policy of the Borrower in effect on the date of this Agreement as amended from time to time.

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

  • Ordering Procedures means the ordering and award procedures specified in Clause 6 (Ordering Procedures) and Framework Schedule 5 (Ordering Procedure);

  • Design Guidelines means the Fernkloof Estate architectural design guidelines to control all aspects of design and landscaping of any development within the Fernkloof Estate dev elopment, as amended from time to t ime in terms of the constitution of the MPOA or as required by the Council , a copy of the current draft which i s av ailable for inspection at the offices of the Association;