Credit Underwriting definition

Credit Underwriting means an in-depth analysis by the Credit Underwriter of all documents submitted in connection with an Application.

Credit Underwriting means an in-depth analysis of post-cure period information and all documents submitted in connection with the Application to produce the Credit Underwriting Report.

Credit Underwriting require cash reserves in order to include any of the Properties as Collateral or if Lender rejects any of the Properties as Collateral because cash reserves are insufficient, no such rejection or reserve requirement shall entitle Lender to refuse to make the Mortgage Loan as a result of its credit underwriting unless the sum of (a) the principal amount of the Mortgage Loan allocated by Lender to the Properties so rejected and (b) the amount of cash reserves so required by Lender, exceeds $25 million. Additionally, earthquake insurance and/or seismic upgrades may be required. Notwithstanding the foregoing, Lender shall determine compliance with the DSCR Parameters and LTV Parameters by July 20, 1999 as provided in the section hereof entitled "Due Diligence in Respect of DSCR and LTV".

Examples of Credit Underwriting in a sentence

• If the entities are newly formed (less than 18 months in existence as of the date that Credit Underwriting information is requested), a copy of any and all tax returns with related supporting notes and schedules.

• For Credit Enhancers, audited financial statements for their most recent fiscal year ended, if published; otherwise the previous year’s audited statements will be provided until the current statements are published or Credit Underwriting is complete.

• Additionally, the prospective purchaser shall be notified that any refunding of Bonds associated with such Development shall require a full Credit Underwriting of the Development.

• The Credit Underwriter shall conduct a Credit Underwriting of the prospective purchaser upon any transfer of ownership.

• Neither the TEFRA Hearing, the invitation into Credit Underwriting, nor the Acknowledgment Resolution obligate the Corporation to finance the proposed Development in any way.

• The Credit Underwriting fee shall be determined pursuant to a contract between the Corporation and the Credit Underwriter.

• The Credit Underwriting Report shall include a thorough analysis of the proposed Development and a statement as to whether a MMRB Loan is recommended, and if so, the amount recommended.

• Site for the Development; notwithstanding the foregoing, after the Applicant has been invited to enter Credit Underwriting and subject to written request of an Applicant to Corporation staff and approval of the Corporation, the site for the Development may be increased or decreased, provided the Development Location Point is on the site.

• Failure for any reason to submit required information on or before the specified deadline shall result in immediate termination of Credit Underwriting activities.

• If any of the applicable entities are newly formed (less than 18 months in existence as of the date that Credit Underwriting information is requested), a copy of any and all tax returns with related supporting notes and schedules.

More Definitions of Credit Underwriting

Credit Underwriting means an in-depth analysis by the Credit Underwriter of post-cure period information and all documents submitted in connection with an the Application to produce the Credit Underwriting Report.

Credit Underwriting means the team responsible for credit control and monitoring of performing Corporate loans;

Credit Underwriting means an in-depth analysis by the Credit Underwriter of all documents submitted in connection

Credit Underwriting. The Bank will take all credit risk in each transaction. Standard underwriting guidelines will apply. An unsecured loan product will be available. The secured loan will be determined by the Bank and will be based on the amount borrowed.

Credit Underwriting. Each Lender shall approve in its sole discretion (and it, its counsel and other experts shall be afforded sufficient time and information to review) all matters which it considers relevant to the transactions contemplated hereby, including, without limitation, the organizational documents and financial statements of Patriot, the Borrower, any other relevant affiliates of Patriot and the Collateral and all title matters and other diligence relating to the Properties, including, without limitation, insurance policies, environmental and engineering reports, leases, management agreements and other property-related documents, appraisal reports, site inspections and NOI audits. The Lenders will use reasonable efforts to use information heretofore provided to them by Patriot in connection with their due diligence review, to the extent the Lenders reasonably determine that such information is satisfactory for their purposes; provided, that the Borrower shall provide to the Lenders current financial statements for the Borrower and the Properties, as well as third-party reports (or updates of existing third-party reports) dated not more than one year prior to the Securitization of the Term Loan. The funding of the Term Loan is contingent upon and subject to (i) each Lender's complete satisfaction, in its sole discretion, with the results of its due diligence review and the credit worthiness of the Term Loan, and (ii) neither Lender discovering any information, whether as a result of its due diligence review or otherwise, which it reasonably believes has, or could have, a material adverse effect on Patriot, the Borrower or any other relevant affiliates of Patriot taken as a whole. the Collateral or any of the transactions contemplated in this Term Sheet.

Credit Underwriting means an in-depth analysis by the Credit Underwriter of all documents