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 Fxxxxx Mxx Guide or the Fxxxxxx Mac Guide or a Mortgage Loan not underwritten in accordance with the Fxxxxx Mxx Guide or the Fxxxxxx 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%.

• 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").

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

• It is im portan t to u n derstan d t hat a dynamic stretch does n ot involve a bou ncing-type m ovemen t, which is characteristic of a ballistic stretch, but rat her a co n trolled elo ngatio n of a specific m uscle group.

• 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%.

More Definitions of Loan Category

Loan Category. (intermediate or short-term) Circulating capital loan

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 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:

Loan Category shall have the meaning set forth in Schedule 2 to the Asset Sale Agreement.