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).

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Loan Category means an Acquisition Loan, a Bridge Loan, an Interest Shortfall Loan, a Hedge Loan or a Working Capital Loan.

Loan Category means either a Mortgage Loan underwritten in accordance with the ▇▇▇▇▇▇ ▇▇▇ Guide or the ▇▇▇▇▇▇▇ Mac Guide or a Mortgage Loan not underwritten in accordance with the ▇▇▇▇▇▇ ▇▇▇ Guide or the ▇▇▇▇▇▇▇ 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.

• The percentage determined by reference to the Fitch Loan Category in accordance with the table set forth below.

• The ▇▇▇▇▇’▇ Discount Factor applied to senior Bank Loans (“Senior Loans”) shall be the percentage specified in the table below opposite such ▇▇▇▇▇’▇ Loan Category: A 118 % B 137 C 161 D ▇▇▇ ▇ ▇▇▇ (viii) Asset-backed and Mortgage-backed securities: The ▇▇▇▇▇’▇ Discount Factor applied to asset-backed securities shall be 131%.

• The Moody’s Discount Factor applied to senior Bank Loans (“Senior Loans”) shall be the percentage specified in the table below opposite such Moody’s Loan Category: A 118 % B 137 C 161 D ▇▇▇ ▇ ▇▇▇ (viii) Asset-backed and mortgage-backed securities: The Moody’s Discount Factor applied to asset-backed securities shall be 131%.

• The ▇▇▇▇▇’▇ Discount Factor applied to senior Bank Loans (“Senior Loans”) shall be the percentage specified in the table below opposite such ▇▇▇▇▇’▇ Loan Category: A 118 % B 137 C 161 D ▇▇▇ ▇ ▇▇▇ (viii) Asset-backed and mortgage-backed securities: The ▇▇▇▇▇’▇ Discount Factor applied to asset-backed securities shall be 131%.

• 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.

• Use of Proceeds: Short term working capital Loan Category: To renew an old loan.

• 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 following table specifies the categories of Eligible Expenditures that may be financed out of the proceeds of the Loan ("Category"), the allocation of the amounts of the Loan to each Category, and the percentage of expenditures to be financed for Eligible Expenditures in each Category.

More Definitions of Loan Category

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. (intermediate or short-term) Circulating capital loan

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.