Loan Criteria definition
Examples of Loan Criteria in a sentence
For any Loan for which a Strategic Plan Report is required, such strategy must include a detailed description of contemplated or proposed steps to improve the Risk Category of such Loan pursuant to the Loan Criteria Matrix.
After the purchase of all Subsequent Timeshare Loans on any Transfer Date, the Subsequent Timeshare Loan Criteria shall have been satisfied as of such Transfer Date.
From time to time, the CUSO may modify or renew terms of any Loan (or any documentation or collateral therefor), without thereby releasing ITT ESI from its guarantee provided that such modification is within the Loan Criteria or the Collection and Charge Off Standards.
Further, any Alteration to any Loan in any manner inconsistent with the Loan Criteria or the Collection and Charge Off Standards, will disqualify such Loan as an ITT ESI Risk Loan.
Further, any forbearance, revision, modification, extension, amendment, or other change to any Loan in any manner inconsistent with the Loan Criteria or the Collection and Charge Off Standards, will disqualify such Loan as an ITT ESI Risk Loan.
From time to time, the CUSO may forbear, revise, modify, extend, amend, change or renew (collectively, an “Alteration”) terms of any Loan (or any documentation or collateral therefor), without thereby releasing ITT ESI from its guarantee provided that such modification is within the Loan Criteria or the Collection and Charge Off Standards.
With respect to each Mortgage Loan which has satisfied the Conforming Loan Criteria, this Guaranty shall continue in effect (i) with respect to all obligations and liabilities of Guarantor under Section 19, and (ii) as provided in Section 12(b).
PROCESSOR will underwrite the Loans and perform all other Loan Processing Work in conformity with underwriting standards provided by LENDER to PROCESSOR from time to time (collectively the "Loan Criteria").
It will be a condition to Closing that Permanent Financing which meets the Loan Criteria is closed and funded at Closing.
Each Loan Application made by Borrower shall satisfy the following criteria as to the proposed Property and its Remediation and Development (the "Loan Criteria").