Eligibility Criteria definition
Examples of Eligibility Criteria in a sentence
As of the related Transfer Date, the characteristics of each Loan being sold pursuant to this Purchase Commitment, the related Assignment and Conveyance Agreement and the Purchase Agreement shall satisfy the minimum Eligibility Criteria attached as schedule hereto and shall comply in all material respects with the Underwriting Guidelines and Credit Policies.
During the period as identified above as the Commitment Period, Purchaser commits to purchase Loans from Seller up to the Commitment Amount as set forth above, and Seller commits, on a reasonable best efforts basis, to originate and sell Loans in conformance with the minimum Eligibility Criteria attached as schedule hereto during such Commitment Period.
On and after the Closing Date through the end of the Reinvestment Period, none of the Loan Parties shall purchase or originate any debt obligation unless, at the time of such purchase or origination and after giving effect thereto, the Eligibility Criteria are satisfied.
No Collateral Loan may be purchased unless the Borrower determines each of the Eligibility Criteria is satisfied as of the date it commits on behalf of the applicable Loan Party to make such purchase or on the date of such purchase, in each case after giving effect to such purchase and all other sales or purchases previously or simultaneously committed to.