Credit Underwriting definition

Credit Underwriting means an in-depth analysis by the Credit Underwriter of all documents submitted in connection with an Application.

Credit Underwriting means an in-depth analysis of post-cure period information and all documents submitted in connection with the Application to produce the Credit Underwriting Report.

Credit Underwriting require cash reserves in order to include any of the Properties as Collateral or if Lender rejects any of the Properties as Collateral because cash reserves are insufficient, no such rejection or reserve requirement shall entitle Lender to refuse to make the Mortgage Loan as a result of its credit underwriting unless the sum of (a) the principal amount of the Mortgage Loan allocated by Lender to the Properties so rejected and (b) the amount of cash reserves so required by Lender, exceeds $25 million. Additionally, earthquake insurance and/or seismic upgrades may be required. Notwithstanding the foregoing, Lender shall determine compliance with the DSCR Parameters and LTV Parameters by July 20, 1999 as provided in the section hereof entitled "Due Diligence in Respect of DSCR and LTV".

Examples of Credit Underwriting in a sentence

• All Credit Underwriting fees shall be paid by the Applicant prior to the performance of any work by the Credit Underwriter.

• The proposed Development will be subjected to the Credit Underwriting, rule and fee requirements that pertain to Housing Credits, as set out in Rule Chapter 67-21, F.A.C., as well as the fees outlined in Part C below that pertain to Housing Credits.

• The proposed Development will be subjected to the Credit Underwriting, rule and fee requirements that pertain to MMRB and Housing Credits, as set out in Rule Chapter 67-21, F.A.C., as well as the fees outlined in Part C below that pertain to MMRB and Housing Credits.

• Applicants awarded Corporation-issued MMRB shall submit a non-refundable TEFRA fee to the Corporation in the amount of $1,000 within seven (7) Calendar Days of the date of the invitation to enter Credit Underwriting.

• All approved recommendations for contingent awards will undergo full and final Credit Underwriting Review.

• Such awards shall be contingent upon favorable full and final Credit Underwriting Reports being completed.

• The 5% Test is performed only at time of Credit Underwriting and is not part of the Final Cost Certification Application Package process described in c.

• All approved recommendations for contingent awards will undergo a full Credit Underwriting Review.

• All documents and exhibits presented in the application as well as any additional requests from the underwriter will be reviewed and analyzed to complete a full and final Credit Underwriting Report in favor of or opposed to proceeding with the proposed project.

• Description and criteria must be provided and approved at Credit Underwriting.

More Definitions of Credit Underwriting

Credit Underwriting. The Bank will take all credit risk in each transaction. Standard underwriting guidelines will apply. An unsecured loan product will be available. The secured loan will be determined by the Bank and will be based on the amount borrowed.

Credit Underwriting means an in-depth analysis by the Credit Underwriter of post-cure period information and all documents submitted in connection with an the Application to produce the Credit Underwriting Report.

Credit Underwriting. Each Lender shall approve in its sole discretion (and it, its counsel and other experts shall be afforded sufficient time and information to review) all matters which it considers relevant to the transactions contemplated hereby, including, without limitation, the organizational documents and financial statements of Patriot, the Borrower, any other relevant affiliates of Patriot and the Collateral and all title matters and other diligence relating to the Properties, including, without limitation, insurance policies, environmental and engineering reports, leases, management agreements and other property-related documents, appraisal reports, site inspections and NOI audits. The Lenders will use reasonable efforts to use information heretofore provided to them by Patriot in connection with their due diligence review, to the extent the Lenders reasonably determine that such information is satisfactory for their purposes; provided, that the Borrower shall provide to the Lenders current financial statements for the Borrower and the Properties, as well as third-party reports (or updates of existing third-party reports) dated not more than one year prior to the Securitization of the Term Loan. The funding of the Term Loan is contingent upon and subject to (i) each Lender's complete satisfaction, in its sole discretion, with the results of its due diligence review and the credit worthiness of the Term Loan, and (ii) neither Lender discovering any information, whether as a result of its due diligence review or otherwise, which it reasonably believes has, or could have, a material adverse effect on Patriot, the Borrower or any other relevant affiliates of Patriot taken as a whole. the Collateral or any of the transactions contemplated in this Term Sheet.

Credit Underwriting means an in-depth analysis by the Credit Underwriter of all documents

Credit Underwriting means an in-depth analysis by the Credit Underwriter of all documents submitted in connection

Credit Underwriting means the team responsible for credit control and monitoring of performing Corporate loans;