Credit Risk Loan means a Collateral Loan that is not a Defaulted Loan but which has, in the Services Provider’s reasonable business judgment applying the Servicing Standard (which judgment will not be called into question as a result of subsequent events), a significant risk of declining in credit quality and, with lapse of time, becoming a Defaulted Loan, and is designated as a “Credit Risk Loan” by the Borrower or the Services Provider.
Credit Risk Loan. Any Loan that, in the Collateral Manager’s reasonable judgment, has a significant risk of declining in credit quality and, with the passage suffering an Assigned Value Adjustment Event.
Credit Risk Loan means a Collateral Loan that is not a Defaulted Loan but which has, in the Collateral Manager’s reasonable judgment applying the Servicing Standard, a significant risk of declining in credit quality and, with lapse of time, becoming a Defaulted Loan, and is designated as a “Credit Risk Loan” by the Collateral Manager.
Examples of Credit Risk Loan in a sentence
The Borrower or the Collateral Manager may direct the Collateral Agent in writing to sell any Credit Risk Loan at any time during or after the Reinvestment Period without restriction; provided that the sale of a Credit Risk Loan to an Affiliate shall be at a price at least equal to its Market Value and such Market Value shall not be determined pursuant to clause (d) or (e) of the definition thereof.
More Definitions of Credit Risk Loan
Credit Risk Loan means a Collateral Loan that is not a Defaulted Loan but which has, in the Services Provider’s reasonable business judgment applying the Servicing Standard (which judgment will not be called into question as a result of subsequent events), a significant risk of declining in credit quality and, with lapse of time, becoming a Defaulted Loan, and is designated as a “”Credit Risk Loan”” by the Borrower or the Services Provider.
Credit Risk Loan means any Collateral Loan that in the Collateral Manager’s commercially reasonable business judgment has a significant risk of declining in credit quality or market value, which judgment may (but need not) be based on one or more of the following facts:
Credit Risk Loan means a Loan Asset that is not a Defaulted Loan but which has, in the Portfolio Manager's reasonable judgment (exercised in accordance with the Standard of Care), a significant risk of declining in credit quality and, with lapse of time, becoming a Defaulted Loan.
Credit Risk Loan by the Borrower or the Services Provider.
Credit Risk Loan means (x) so long as a Restricted Trading Period is not in effect, any Collateral Loan that, in the Servicer's commercially reasonable business judgment applying the Servicing Standard, has a significant risk of declining in credit quality and, with a lapse of time, becoming a Defaulted Loan, and (y) if a Restricted Trading Period is in effect:
Credit Risk Loan means a Collateral Loan that is not a Defaulted Loan but which, in the reasonable business judgment of the Collateral Servicer (exercised in accordance with the Servicing Standard), has a significant risk of declining in credit quality and, with the lapse of time, becoming a Defaulted Loan and is designated as a “Credit Risk Loan” by the Collateral Servicer; provided, however, that if the rating of the Notes has been reduced by Moody’s by two or more rating subcategories from that in effect on the Closing Date (unless such rating subsequently has been upgraded to at least the rating assigned on the Closing Date), then such Collateral Loan will be considered a Credit Risk Loan only if it has a Xxxxx’x Rating or Moody’s Default Probability Rating of “Caa1” or below.
Credit Risk Loan means any Loan Asset which the Servicer has determined in accordance with the Servicing Standard (as certified in writing to the Administrative Agent) is a stressed loan for which any amount of principal or interest is unlikely to ultimately be paid back in full.