Managed Loans definition
Managed Loans means loans held or owned by a JV/Participation in which the Trust or its wholly-owned direct or indirect subsidiaries is receiving compensation (including without limitation, origination or servicing fees) for administering or managing the JV/Participation or such loans.
Managed Loans means, with respect to any Person on any date, the sum for such Person and its consolidated Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP) of (a) all on-balance sheet credit card loans, other loans and other finance receivables plus (b) all on-balance sheet credit card loans, other loans and other finance receivables held for securitization plus (c) all securitized credit card loans, other loans and other finance receivables.
Managed Loans means, as of any date of determination, the sum of (i) Participated Loans, plus (ii) Securitized Loans, plus (iii) Loans reflected on the Company’s balance sheet.
Examples of Managed Loans in a sentence
Permit the aggregate unpaid principal balance of Horizon Group Managed Loans with respect to which, as of the last day of any fiscal month, any payment thereunder remains outstanding and unpaid, in whole or in part, for more than sixty (60) days past the date it became due and payable, to be in excess of twelve percent (12%) of the aggregate unpaid principal balance of all Horizon Group Managed Loans as of such day.