Portfolio Criteria. (a) The Aggregate Adjusted Principal Balance of all Eligible Collateral Assets that are Second Lien Bank Loans or FILO Bank Loans may not exceed 10.0% of the sum of (x) the Aggregate Adjusted Principal Balance of all Eligible Collateral Assets plus (y) amounts on deposit in the Principal Collection Account.
Portfolio Criteria. (a) An Eligible Project may be grouped with one or more other Eligible Projects and be a Portfolio, provided that:
Portfolio Criteria a. The Assigned Value of all Eligible Collateral Assets that are Second Lien Bank Loans may not exceed 10.0% of the Aggregate Assigned Value.
Portfolio Criteria a. The [***] Market Value of [***] with respect to any single obligor may not exceed the lesser of (i) [***]% of the [***] Market Value or (ii) $[***], except that (1) the [***] Market Value of [***] with respect to a two single obligors may each equal up to the lesser of (i) [***]% of the [***] Market Value or (ii) $[***], and (2) the [***] Market Value of [***] with respect to two additional single obligors may each equal up to the lesser of (i) [***]% of the [***] Market Value or (ii) $[***]; provided that in any event the [***] Market Value of [***] that are not [***] with respect to any single obligor may not exceed [***]% of the [***] Market Value.
Portfolio Criteria a. The Assigned Value of Eligible Collateral Assets with respect to a single obligor may not exceed 3.5% of the Aggregate Assigned Value, except that the Assigned Value of Eligible Collateral Assets with respect to three obligors may be up to 4% of the Aggregate Assigned Value; provided that the Assigned Value of Eligible Collateral Assets that are not First Lien Bank Loans with respect to any obligor may not exceed 2% of the Aggregate Assigned Value;
Portfolio Criteria. (a) Clause (a) of the Portfolio Criteria in Annex B of the Credit Agreement is deleted in its entirety and replaced with the following:
Portfolio Criteria a. The Current Market Value of Eligible Collateral Assets with respect to a single obligor may not exceed 4% of the Aggregate Market Value, except that the Current Market Value of Eligible Collateral Assets with respect to a single obligor may be 5% with respect to 3 or fewer individual obligors;
Portfolio Criteria. The Portfolio must, on the initial Cut-off Dates and on each SME Purchase Date, meet the following criteria (the Portfolio Criteria):
Portfolio Criteria. On any day, after giving effect to the Purchaser’s purchase and sale of mortgage loans on such day, the mortgage loans owned by the Purchaser in the aggregate must satisfy the following criteria: (i) the aggregate Outstanding Purchase Price of mortgage loans secured by property in California may not on such date exceed 30% of the then-current Program Size; (ii) the aggregate Outstanding Purchase Price of mortgage loans secured by property in a single state other than California may not on such date exceed 15% of the then current Program Size; (iii) the aggregate Outstanding Purchase Price of mortgage loans insured or guaranteed by either the FHA or VA may not on such date exceed 30% of the then-current Program Size; (iv) the aggregate Outstanding Purchase Price of Jumbo Loans may not on such date exceed 35% of the then-current Program Size; (v) the mortgage loans owned by the Trust must have a weighted average FICO Score of at least 675 (excluding loans insured or guaranteed by the FHA or VA); and (vi) the weighted average loan to value ratio of the mortgage loans owned by the Trust must not on such date exceed 85% (excluding loans insured or guaranteed by the FHA or VA).
Portfolio Criteria. On any day, after giving effect to the Administrative Agent’s purchase and sale (on behalf of the Owners) of mortgage loans on such day, the mortgage loans owned by the Owners in the aggregate must satisfy the following criteria: (i) the aggregate Repurchase Price of mortgage loans secured by property in California may not on such date exceed 30% of the then-current Program Size; (ii) the aggregate Repurchase Price of mortgage loans secured by property in a single state other than California may not on such date exceed 15% of the then current Program Size; (iii) the aggregate Repurchase Price of Uninsured Loans acquired on such date may not exceed 15% of the then-current Program Size; (iv) the mortgage loans (excluding FHA Loans and VA Loans) owned by the Owners must have a weighted average FICO Score of at least 675; (v) the weighted average Loan-to-Value Ratio of the mortgage loans (excluding FHA Loans, VA Loans and HELOCs) owned by the Owners must not on such date exceed 85%; (vi) the aggregate Repurchase Price of HELOCs may not on such date exceed 40% of the then-current Program Size; and (vii) the weighted average Combined Loan-to-Value Ratio of HELOCs owned by the Owners must not on such date exceed 85%.
