Credit Guidelines definition

Credit Guidelines means the policies of Credit Acceptance, relating to the extension of credit to automobile, light-duty truck, minivan and/or sport utility dealers and consumers in respect of retail installment contracts for the sale of automobiles, light-duty trucks, minivans and/or sport utility vehicles including the policies for determining creditworthiness of such dealers and consumers and otherwise relating to the extension of credit to dealers and consumers and the maintenance of installment sale contracts, as in effect on the Cut-off Date and as amended from time to time in accordance with the Basic Documents or in accordance with Applicable Law, attached hereto as Exhibit H.
Credit Guidelines means the respective policies and procedures of Centurion Bank, FSB or any other Account Owner, as the case may be, as such policies and procedures may be amended from time to time, (a) relating to the operation of its credit or charge business, as the case may be, which generally are applicable to its portfolio of similar accounts, including the policies and procedures for determining the creditworthiness of customers and the extension of credit or charge privileges to customers, and (b) relating to the maintenance of accounts and collection of related receivables.
Credit Guidelines means, with respect to any Account, the policies and procedures relating to the operation of such Account and similar accounts administered by the Servicer of such Account, including, without limitation, the written policies and procedures and the exercise of judgment by employees of the Servicer with respect to such accounts in accordance with such Servicer’s normal practice for determining the creditworthiness of customers holding such accounts, the extension of credit to customers, and relating to the maintenance of such accounts and the collection of receivables with respect to such accounts, as such policies and procedures may be amended from time to time by the Servicer of such accounts, as such policies and procedures may be implemented by any Person to whom such Servicer has delegated any of its duties pursuant to Section 8.06.

Examples of Credit Guidelines in a sentence

  • The Borrower: (i) shall cause the Project to be operated in accordance with a Statement of Policy, Project Guide- lines and Credit Guidelines satisfactory to the Bank; and (ii) shall not make any changes, or permit any changes to be made, in the said Statement or Guidelines, except in consultation with the Bank.


More Definitions of Credit Guidelines

Credit Guidelines means the Borrower’s guidelines as in effect on the date hereof (which have previously been reviewed and approved by the Agent) which state in detail the credit criteria used by the Borrower in determining the creditworthiness of Contract Debtors.
Credit Guidelines means the respective policies and procedures ----------------- of the Bank, the Servicer, and/or any other Account Owner, as the case may be, as such policies and procedures may be amended from time to time, (a) relating to the operation of its credit business, which generally are applicable to its portfolio of revolving credit accounts or, in the case of an Account Owner that has only a portion of its portfolio subject to a Receivables Purchase Agreement, applicable to such portion of its portfolio, and in each case which are consistent with prudent practice, including the policies and procedures for determining the creditworthiness of Obligors and the extension of credit to Obligors, and (b) relating to the maintenance of credit accounts and collection of receivables created thereunder.
Credit Guidelines means Belk Center's credit and collection policy or policies and practices, relating to Accounts and Receivables existing on the Cut-Off Date and referred to in Exhibit B attached hereto, as modified and as supplemented from time to time in compliance with Section 5.2(c).
Credit Guidelines or “Credit Card Guidelines” shall have the meaning, with respect to any Trust, specified in the applicable agreements to such Trust as set forth in Schedule 3.
Credit Guidelines means the Borrower's guidelines (which have previously been reviewed and approved by the Agent) which state the credit criteria used by the Borrower in determining the creditworthiness of Contract Debtors.
Credit Guidelines means the policies and procedures relating to the operation of the credit business of Sears or its affiliates, including, without limitation, the written policies and procedures and the exercise of judgment by employees of Sears or its affiliates in accordance with the normal practice of Sears or its affiliates, as applicable, for determining the creditworthiness of credit customers and the extension of credit to customers, and relating to the maintenance of credit accounts and collection of credit receivables, as such policies and procedures may be amended from time to time; provided, however, that following an assignment by Sears of its rights and obligations under this Agreement, the assignee may apply some or all of the policies and procedures of Sears (as applicable prior to such assignment) during a transition period of no more that 30 days following such assignment."