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Loan Category definition

Loan Category means each group of Loans of a common type (e.g., general consumer-purpose, healthcare direct, etc.), and with a common credit grade and loan term (as set forth in the Credit Policy).
Loan Category means an Acquisition Loan, a Bridge Loan, an Interest Shortfall Loan, a Hedge Loan, a Working Capital Loan or an Additional Hedge Loan.
Loan Category means either a Mortgage Loan underwritten in accordance with the Xxxxxx Xxx Guide or the Xxxxxxx Mac Guide or a Mortgage Loan not underwritten in accordance with the Xxxxxx Xxx Guide or the Xxxxxxx Mac Guide including, in the case of the latter, any sub-category thereof.

Examples of Loan Category in a sentence

  • Note that certain loans classified by the relevant statute as Covered are included in Standard & Poor's High Cost Loan Category because they included thresholds and tests that are typical of what is generally considered High Cost by the industry.

  • Note that certain loans classified by the relevant statute as Covered are included in Standard & Poor’s High Cost Loan Category because they included thresholds and tests that are typical of what is generally considered High Cost by the industry.

  • Rose, Predatory Lending Practices and Subprime Foreclosures – Distinguishing Impacts by Loan Category 45 (Dec.

  • Risk By Loan Category To determine an appropriate allowance for loan losses, management separates loans into separate categories based on similar risk characteristics.

  • The percentage determined by reference to the Fitch Loan Category in accordance with the table set forth below.

  • The Xxxxx’x Discount Factor applied to senior Bank Loans (“Senior Loans”) shall be the percentage specified in the table below opposite such Xxxxx’x Loan Category: A 118 % B 137 C 161 D 000 X 000 (viii) Asset-backed and Mortgage-backed securities: The Xxxxx’x Discount Factor applied to asset-backed securities shall be 131%.

  • Rose, Predatory Lending Practices and Subprime Foreclosures – Distinguishing Impacts by Loan Category, at 25, 32 (Dec.

  • This Deduction Risk will be catered for as follows, but only in relation to Transferred Receivables of this category resulting from a Savings Loan ("Category 4 Receivables").

  • The system treats this as two payments and advances the next payment due date to May 5.No delinquent calc (N)The system neither monitors nor controls the next payment date or delinquency on the loan.These codes are assigned to the Loan Category, but can be modified on an individual loan account if necessary.

  • Account Management Fee for “Watchlist” Loan Category: 1.5% of loan amounth.


More Definitions of Loan Category

Loan Category means each group of Loans of a common type (e.g., consumer-purpose, business-purpose, or Line of Credit), and with a common credit grade and loan term (as set forth in the Credit Policy). “Loss Rate” means, with respect to a Loan Category, the quotient of (a) the total dollar amount of principal of all Loans in such Loan Category charged off during the prior [***] (net of recoveries), divided by (b) the weighted average principal amount of all Loans and Loan Advances within such Loan Category outstanding during the prior [***]. 3 Confidential The Loss Rate for a Loan Category will be calculated each quarter, not more than sixty (60) days following the end of the quarter, by reference to the twelve (12) complete months ending with the quarter then ended, and the newly calculated Loss Rate shall be effective on the first Business Day of the subsequent quarter. The figures used to calculate the Loss Rate shall include loans originated under the Prior Program. “Performance-Adjusted Interest Rate” means, with respect to a Loan or Receivable, (1) the stated simple interest rate applicable to that Loan or Receivable, less (2) the Loss Rate for that Loan Category; [***]. “Servicing Fee” means, with respect to a Loan or Receivable, [***] of the scheduled principal and interest in the first payment due for such Loan or Receivable multiplied by a fraction, the numerator of which is the number of calendar days between the Funding Date and the Closing Date (including the Funding Date but excluding the Closing Date) and the denominator of which is the number of calendar days between the Funding Date and the due date of the first payment for such Loan or Receivable (including the Funding Date but excluding such due date). 4 Confidential Schedule 31 The following terms shall apply as if fully set forth in the Agreement:
Loan Category shall have the meaning set forth in Schedule 2 to the Asset Sale Agreement.
Loan Category. (intermediate or short-term) Circulating capital loan
Loan Category means, for any Payment Date, with respect to any Loan, the loan classification assigned to such Loan by the Servicer as of the related Reference Date in accordance with the criteria set forth below: L-1 Loan – a Loan shall be classified as an “L-1 Loan” if all of the following criteria are satisfied:

Related to Loan Category

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Term Loan Percentage means, with respect to any Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Term Loans represented by the outstanding principal balance of such Term Loan Lender’s Term Loans.

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Loan Group 1 All Mortgage Loans identified as Loan Group 1 Mortgage Loans on the Mortgage Loan Schedule.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Advance Rates shall have the meaning set forth in Section 2.1(a) hereof.

  • Advance Rate has the meaning assigned to such term in Section 5.13.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Service credit year means an accumulation of months of

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Loan Assets included in the Aggregate Adjusted Borrowing Value, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Loan Asset by (ii) such Eligible Loan Asset's contribution to the Aggregate Adjusted Borrowing Value and dividing (b) such sum by the Aggregate Adjusted Borrowing Value.

  • Loan Group 2 The Group 2 Mortgage Loans.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.