Portfolio Aging Limitations definition

Portfolio Aging Limitations. With respect to the age of the Eligible Loans owned by the Purchaser on any day, the following limitations shall apply:
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Portfolio Aging Limitations is defined in the Side Letter.
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Portfolio Aging Limitations. With respect to the age of the Eligible Loans owned by the Administrative Agent (on behalf of the Owners) on any day, the following limitations shall apply: (i) the aggregate Repurchase Price of Eligible Loans transferred to the Owners more than three (3) months prior to such day may not exceed 50% of the then-current Program Size; (ii) the aggregate Repurchase Price of Eligible Loans acquired by the Owners more than six (6) months prior to such day may not exceed 25% of the then-current Program Size; and (iii) the Seller must repurchase each Eligible Loan acquired by the Owners within one (1) year of the date of acquisition; provided, however, that, subject to Rating Agency Confirmation, the Administrative Agent and the Majority Owners may waive any of the requirements of clauses (i) and (ii) above.
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Examples of Portfolio Aging Limitations in a sentence

  • As of any date of determination, the Eligible Mortgage Loans in the aggregate shall satisfy the Eligibility Criteria, the Portfolio Criteria, the Portfolio Aging Limitations and the Wet Funded Loan Limitation.

  • The Servicer agrees that as of any date of determination, the Mortgage Loans shall satisfy the Portfolio Criteria, the Eligibility Criteria set forth in clause (i) of the definition thereof, the Portfolio Aging Limitations and the Wet Funded Loan Limitation.

  • As of any date of determination, the Company and the Servicer (in its own capacity and on behalf of the Additional Seller) covenant that the Eligible Loans, in the aggregate shall satisfy the Portfolio Criteria, the Portfolio Aging Limitations and the Wet Funded Loan Limitation.

  • The Servicer shall service the Mortgage Loans in a manner consistent with the Portfolio Criteria, Portfolio Aging Limitations and Wet Funded Loan Limitation.

  • As of any date of determination, the Eligible Loans in the aggregate shall satisfy the Portfolio Criteria, the Portfolio Aging Limitations and the Wet Funded Loan Limitation.

  • The Mortgage Loans shall comply with the Eligibility Criteria, the Portfolio Aging Limitations, the Portfolio Criteria and the Wet Funded Loan Limitation.

  • The Servicer agrees that as of any date of determination, the Mortgage Loans shall satisfy the Portfolio Criteria and the Portfolio Aging Limitations.

  • The Issuer shall be in compliance with the Portfolio Aging Limitations, the Portfolio Criteria and the Wet Funded Loan Limitation.

  • The Issuer shall be in compliance with the Portfolio Aging Limitations and the Portfolio Criteria.

  • The Company shall be in compliance with the Portfolio Aging Limitations, the Portfolio Criteria and the Wet Funded Loan Limitation (as such terms are defined in the Mortgage Loan Purchase and Servicing Agreement).


More Definitions of Portfolio Aging Limitations

Portfolio Aging Limitations means with respect to the age of the Eligible Mortgage Loans owned by Agent on any day, the following limitations shall apply: (i) the aggregate Repurchase Price of Eligible Mortgage Loans transferred to Agent more than three (3) months prior to such day may not exceed 50% of the Maximum Aggregate Purchase Price on such day; (ii) the aggregate Repurchase Price of Eligible Mortgage Loans acquired by Agent more than six (6) months prior to such day may not exceed 25% of the Maximum Aggregate Purchase Price on such day; and (iii) Seller must repurchase each Purchased Asset included in any Transaction (or series of Transactions) on or prior to the date that is 364 days from the date such Purchased Asset first became subject to a Transaction under this Agreement.
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Related to Portfolio Aging Limitations

  • Concentration Limitations has the meaning set forth in Schedule 4.

  • Special purpose spray adhesive means an aerosol adhesive that meets any of the following definitions:

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Required Reserve Factor Floor means, for any month, the sum (expressed as a percentage) of (i) 19.55% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

  • Obligor Concentration Limit means, at any time, in relation to the aggregate Outstanding Balance of Receivables owed by any single Obligor and its Affiliates (if any), the applicable concentration limit shall be determined as follows for Obligors who have short term unsecured debt ratings currently assigned to them by S&P and Moody's (or in the absence thereof, the equivalent long term unsecured senior debt ratings), the applicable concentration limit shall be determined according to the following table: Allowable % of S&P Rating Xxxxx'x Rating Eligible Receivables -------------------------------------------------------------------------------------------- A-1+ P-1 10% -------------------------------------------------------------------------------------------- A-1 P-1 8% -------------------------------------------------------------------------------------------- A-2 P-2 6% -------------------------------------------------------------------------------------------- A-3 P-3 3% -------------------------------------------------------------------------------------------- Below A-3 or Not Rated by either Below P-3 or Not Rated by S&P or Moody's either S&P or Moody's 2.5% -------------------------------------------------------------------------------------------- ; PROVIDED, HOWEVER, that (a) if any Obligor has a split rating, the applicable rating will be the lower of the two, (b) if any Obligor is not rated by either S&P or Moody's, the applicable 62 Obligor Concentration Limit shall be the one set forth in the last line of the table above, and (c) subject to satisfaction of the Rating Agency Condition or an increase in the percentage set forth in clause (a)(i) of the definition of "REQUIRED RESERVE," upon the Borrower's request from time to time, the Administrative Agent may agree to a higher percentage of Eligible Receivables for a particular Obligor and its Affiliates (each such higher percentage, a "SPECIAL CONCENTRATION LIMIT"), it being understood that any Special Concentration Limit may be cancelled by the Administrative Agent upon five Business Days' notice to the Loan Parties. The Administrative Agent hereby agrees that International Business Machines Corp. shall have a Special Concentration Limit of 11%.

  • Concentration Limit means at any time for any Obligor, the product of (i) such Obligor’s Specified Concentration Percentage, times (ii) the aggregate Unpaid Balance of the Eligible Receivables included in the Receivables Pool at the time of determination.

  • Sevicer Loan Address Purpose: Rem Term: Occp Code: Appr Value: Note Date: Ceiling Lien City: Zip Code: Prod Code: Curr CLTV: Prin Maturity Cr. Cr. 2561846 NM 300 14 $175,200.00 09/11/1997 1.75 38 0390225571 3002 Ashkirk Place 01 000 1 $219,000.00 06/11/1997 18.00 2 Rio Rancho 87124 0 6 89 $17,314.29 06/11/2022 $17,800 737 2561084 CA 300 14 $136,000.00 09/11/1997 4.50 44 0390224954 1927 South Gail Lane 02 000 1 $170,000.00 06/11/1997 18.00 2 Anaheim 92802 2 8.75 90 $16,512.39 06/11/2022 $17,000 643 2563127 NY 300 14 $0.00 12/12/1997 0.50 42 0390227643 2467 Poppy Street 02 000 1 $175,000.00 06/12/1997 18.00 1 East Meadow 11554 0 4.75 58 $59,559.35 06/12/2022 $100,000 760 2573221 VA 300 14 $100,534.00 09/12/1997 2.75 42 0390229755 5906 Freestate Road 02 000 1 $162,000.00 06/12/1997 18.00 2 Marshall 20115 2 7 83 $29,863.86 06/12/2022 $33,000 643 2559934 CO 300 14 $190,000.00 12/12/1997 0.50 35 0390223063 8171 South Tim Tam Trail 01 229 1 $366,000.00 06/12/1997 18.00 2 Evergreen 80439 2 4.75 66 $37,265.18 06/12/2022 $50,000 790 2561624 CA 180 14 $60,809.00 0.75 29 0390225324 163 CHELTENHAM Way 02 000 1 $290,000.00 06/12/1997 24.00 2 SAN JOSE 95139 3 5 32 $29,921.43 06/12/2012 $30,000 654 2562192 MD 300 14 $100,000.00 09/13/1997 1.00 15 0390226058 12513 Palatine Court 01 000 0 $000,000.00 00/00/0000 18.00 2 Potomac 20854 2 5.25 36 $49,243.97 06/13/2022 $150,000 774 2575617 CA 300 14 $592,000.00 12/13/1997 0.50 25 0390232361 15485 El Camino Grande 02 000 0 $000,000.00 00/00/0000 18.00 2 Saratoga 95070 2 4.75 80 $4,841.88 06/13/2022 $100,000 740 2573329 NY 180 16 $34,504.00 12/13/1997 1.00 35 0390234037 2210 Woodhull Avenue 02 000 1 $195,000.00 06/13/1997 18.00 2 Bronx 10469 1 5.25 34 $19,828.06 06/13/2012 $30,000 711 2562413 FL 180 14 $149,400.00 09/16/1997 2.75 35 0390226488 1001 Bali Place 02 000 0 $000,000.00 00/00/0000 18.00 2 Jacksonville 32216 3 7 90 $42,241.67 06/16/2012 $45,000 654 2563947 CA 300 14 $138,750.00 09/17/1997 2.25 37 0390232031 749 South Grade Road 01 000 1 $185,000.00 06/17/1997 18.00 2 Alpine 91901 2 6.5 90 $18,499.07 06/17/2022 $27,700 705 2572835 CA 300 04 $0.00 09/17/1997 1.00 45 0390228575 1701 Neil Armstong 02 000 1 $115,000.00 06/17/1997 18.00 1 Montebello 90640 2 5.25 35 $33,509.01 06/17/2022 $40,000 661 Page 121 of 630

  • Concentration Limits has the meaning given to such term in Section 5.03(a) hereof.

  • Concentration Percentage means (i) for any Group A Obligor, 10.00%, (ii) for any Group B Obligor, 8.00%, (iii) for any Group C Obligor, 6.00% and (iv) for any Group D Obligor, 4.00%.

  • Energy efficiency portfolio standard means a requirement to

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $10,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Acid rain emissions limitation means, as defined in 40 CFR 72.2*, a limitation on emissions of sulfur dioxide or nitrogen oxides under the acid rain program under Title IV of the Clean Air Act (CAA).

  • Baseline concentration means that ambient concentration level that exists in the baseline area at the time of the applicable minor source baseline date. A baseline concentration is deter- mined for each pollutant for which a minor source baseline date is estab- lished and shall include:

  • Class Licence Allowance Gross All-Purpose Wage A" Class Licence per week per hour 1 878.35 64.50 41.00 983.85 27.3292 2 918.90 64.50 41.00 1,024.40 28.4556 3 959.45 64.50 41.00 1,064.95 29.5819 4 999.95 64.50 41.00 1,105.45 30.7069 5 1,040.50 64.50 31.00 41.00 1,177.00 32.6944 45.90 1,222.90 33.9694 6 1,081.05 64.50 31.00 41.00 1,217.55 33.8208 45.90 1,263.45 35.0958 7 1,162.10 64.50 31.00 41.00 1,298.60 36.0722 45.90 1,344.50 37.3472 8 1,243.15 64.50 31.00 41.00 1,379.65 38.3236 45.90 1,425.55 39.5986 9 1,283.70 64.50 31.00 41.00 1,420.20 39.4500 45.90 1,466.10 40.7250 10 1,405.30 64.50 31.00 41.00 1,541.80 42.8278 45.90 1,587.70 44.1028 Rates of Pay from 1st March 2009

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Credit Available for Virtual Transactions means the Market Participant’s Working Credit Limit for Virtual Transactions calculated on its credit provided in compliance with its Peak Market Activity requirement plus available credit submitted above that amount, less any unpaid billed and unbilled amounts owed to PJMSettlement, plus any unpaid unbilled amounts owed by PJMSettlement to the Market Participant, less any applicable credit required for Minimum Participation Requirements, FTRs, RPM activity, or other credit requirement determinants as defined in Tariff, Attachment Q.

  • Silicone-based Multi-purpose Lubricant means any lubricant which is:

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Special purpose equipment means equipment which is used only for research, medical, scientific, or other technical activities. Examples of special purpose equipment include microscopes, x-ray machines, surgical instruments, and spectrometers.

  • Applicable effluent standards and limitations means all State and Federal effluent standards and limitations to which a discharge is subject under the Act, including, but not limited to, effluent limitations, standards of performance, toxic effluent standards and prohibitions, and pretreatment standards.

  • Availability Block means $15,000,000.

  • Effluent limitation guideline means a regulation published by the Administration under Section 304(b) of the CWA to adopt or revise effluent limitations.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2022-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Exceptions and Limitations means fair use, fair dealing, and/or any other exception or limitation to Copyright and Similar Rights that applies to Your use of the Licensed Material.