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.

Credit Policies and Procedures means the credit policies and procedures set forth in the Seller’s Credit Policies and Procedures Manual.

Credit Policies and Procedures has the meaning set forth in Section 3.32 hereof.

Examples of Credit Policies and Procedures in a sentence

• SkillsFuture Credit Policies and Procedures Individuals who claimed SkillsFuture Credit for payment of course fee and who wish to withdraw from the course are allowed to cancel his/her SkillsFuture Credit claim via the SkillsFuture Credit Portal on or before the course start date.

• 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.

• The Commercial Markets Business Credit Policies and Procedures define the guidelines and policies under which portfolio is managed supplemented by Credit Programs and MME framework.

• Credit Policies and Procedures KHFC recognises the constant need to strengthen its credit risk management skills and to this end KHFC has continued to improve its credit risk management procedures and policies to align itself more closely with international best practices.

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

• Credit Policies and Procedures Lending to high net worth individuals and their business concerns often takes on unique banking characteristics.

• Establishing Credit Policies and Procedures A necessary practice of credit risk management is establishing credit policies and procedures.

• 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.

• Table 2 summarises the activities that transpired during the two iterations.

• The Credit Policies and Procedures Manual has been distributed to the LPO staff in hardbound copy with the direction that it be reviewed for corrections, additions and general updates.

More Definitions of Credit Policies and Procedures

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.

Credit Policies and Procedures shall have the meaning set forth in the Stock Purchase Agreement.

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.

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

Credit Policies and Procedures means the credit policies and procedures of the Servicer.