Portfolio Criteria definition

Portfolio Criteria are as follows:

Portfolio Criteria means the criteria set forth below:

Portfolio Criteria means the portfolio criteria with respect to the Collateral Assets set forth in Section 2 of Annex B.

Examples of Portfolio Criteria in a sentence

• The obligations of the Guarantor under the Guarantee shall, so long as no Event of Default in relation to Counterparty as Defaulting Party has occurred and is then continuing and no Early Termination Date has been designated by Citibank, terminate and be of no further force of effect on the Portfolio Criteria Satisfaction Date.

• In order to mitigate these risks the Eligibility Criteria and the Portfolio Criteria set out in the Master Receivables Sale and Purchase Agreement aim at limiting the changes of the overall characteristics the Purchased Receivables during the Revolving Period.

• Spread: (a) Prior to the Portfolio Criteria Satisfaction Date, 1.60%; and (b) on or after the Portfolio Criteria Satisfaction Date, 1.50%.

• As of any date of determination, if the Eligible Collateral Assets, taken as a whole, do not satisfy the Portfolio Criteria, Eligible Collateral Assets or a portion thereof (the “Non-Qualifying Assets”) will be excluded from such determination to the extent necessary to cause the remaining Eligible Collateral Assets to satisfy the Portfolio Criteria.

• SCHEDULE II TO ANNEX I OF MASTER REPURCHASE AGREEMENT Portfolio Criteria All Eligible Mortgage Loans must be fully funded and conform to the representations and warranties set forth in Schedule I to Annex I of the Master Repurchase Agreement.

More Definitions of Portfolio Criteria

Portfolio Criteria means, collectively, the Reinvestment Period Criteria and the Post-Reinvestment Period Criteria.

Portfolio Criteria means the following criteria which must be satisfied in respect of the Reference Portfolio after giving effect to any proposed Substitution, or, if the Portfolio Criteria below are not satisfied after giving effect to such Substitution, such Substitution must result in the Reference Portfolio being closer to or no less in compliance with such Portfolio Criteria:

Portfolio Criteria is defined in the Side Letter.

Portfolio Criteria means the criteria for the Financed Student Loans set forth in the most recently executed Reserve and Portfolio Criteria Supplement.

Portfolio Criteria means collectively, the Eligibility Criteria and the criteria set forth in Section 12.2(d) and Section 12.2(e).

Portfolio Criteria means the portfolio criteria with respect to the Collateral Assets set forth in Section 2 ofAnnex B.

Portfolio Criteria means, on any day, after giving effect to Agent’s purchase and sale of mortgage loans on such day, the Eligible Mortgage Loans owned by Agent in the aggregate must satisfy the following criteria: (i) the aggregate Repurchase Price of all mortgage loans secured by property in California may not on such day exceed 35% of the Maximum Aggregate Purchase Price; (ii) the aggregate Repurchase Price of all mortgage loans secured by properties located in New York may not on such day exceed 25% of the Maximum Aggregate Purchase Price; (iii) the aggregate Repurchase Price of all mortgage loans secured by properties located in New Jersey may not on such day exceed 20% of the Maximum Aggregate Purchase Price; (iv) the aggregate Repurchase Price of all mortgage loans secured by properties located in Florida may not on such day exceed 20% of the Maximum Aggregate Purchase Price; (v) the aggregate Repurchase Price of all mortgage loans secured by property in any other single state may not on such day exceed 10% of the Maximum Aggregate Purchase Price; (vi) the aggregate Repurchase Price of all Uninsured Loans plus the aggregate Repurchase Price of all Non-Primary Residence Mortgage Loans owned by Agent must not on such day exceed 10% of the Maximum Aggregate Purchase Price; (vii) the mortgage loans (excluding FHA Loans and VA Loans) owned by Agent must have a weighted average FICO Score of at least 710; (viii) the weighted average Loan-to-Value Ratio of the mortgage loans (excluding FHA Loans, VA Loans, HELOCs and Closed End Second Mortgage Loans) owned by Agent must not on such day exceed 85%; (ix) the aggregate Repurchase Price of all HELOCs plus the aggregate Repurchase Price of all Closed End Second Mortgage Loans must not on such day exceed 10% of the Maximum Aggregate Purchase Price; (x) the weighted average Combined Loan-to-Value Ratio of all HELOCs and all Closed End Second Mortgage Loans owned by Agent must not on such day exceed 85%; (xi) the aggregate Purchase Price of all Manufactured Home Mortgage Loans and acquired on such day may not exceed 1% of the Aggregate Purchase Price; (xii) the aggregate Purchase Price of all Interest-Only Loans must not on such day exceed 15% of the Maximum Aggregate Purchase Price; (xiii) the aggregate Purchase Price of all Jumbo Loans plus the aggregate Purchase Price of all Super Jumbo Loans owned by Agent must not on such day exceed 20% of the Aggregate Purchase Price; and (xiv) the aggregate Purchase Price of all Super Jumbo L...