Definition of Portfolio Budget

  1. Portfolio Budget means, with respect to each Asset Portfolio, a strategic budget developed by Borrower and submitted as part of the Proposal for, and approved in writing by Lender for, such Asset Portfolio, representing Borrower's good faith estimate of the projected cash inflows and outflows, including Servicing Fees and other expenses.

Examples of Portfolio Budget in a sentence

  1. For each Asset Portfolio, Servicer shall manage, service, administer, and collect the Assets in accordance with the respective provisions of the Credit and Collection Policy, as in effect from time to time, with the goal of achieving the projections in the applicable Portfolio Budget attached as Schedule 3 to the Proposal for such Asset Portfolio.

Definition of Portfolio Budget in Loan and Servicing Agreement

Portfolio Budget means, with respect to each Asset Portfolio, a strategic budget developed by Borrower and submitted as part of the Proposal for, and approved in writing by Lender for, such Asset Portfolio, representing Borrower's good faith estimate of the projected cash inflows and outflows, including Servicing Fees and other expenses.