Problem Loan definition

Problem Loan. Problem Loans are defined as Middle Market Senior Loans on Watch List with an Internal Risk Rating 4—6. See Policy 2.0—Risk Rating Methodology.
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Problem Loan. Problem Loans are defined as High Yield Instruments with an Internal Risk Rating 8 – 10 or investments of any rating which management feels should be placed on “problem loan” status. See Policy 2.0 – Risk Rating Methodology.
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Problem Loan shall have the meaning provided in Section 4.15(b).
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Examples of Problem Loan in a sentence

  • Sale at a loss of a borrower obligation which is a Problem Loan must be approved by the majority of the Investment Committee, including an affirmative vote from the Chairman or his designee.

  • It is the responsibility of the Risk Management, the Portfolio Management Staff and the Loan Workout Team (where applicable) to make an assessment as to whether the negative developments warrant a downgrade to the Problem Loan categories or deeper into those categories.

  • The Board shall review the effectiveness of the Problem Loan Program at least annually, and more frequently if necessary or if required by the OCC in writing, and amend the Problem Loan Program as needed or directed by the OCC.

  • The purpose of the Quarterly Portfolio Reviews with respect to Problem Loans will be: • To review the outlook for individual Problem Loans, • To review the Internal Risk Rating assigned to those Problem Loans, • To review the adequacy of action plans for those obligors of Problem Loans, and of account management in general, and • To review NFIC’s aggregate Problem Loan statistics.

  • The Problem Loan Manager should be consulted for a recommendation.

  • Particular care should be exercised in the handling of any Problem Loan exposure as to which there are affiliate relationships including any Executive Officer or Employee of GMS Finance.

  • Collection procedures may commence if payment is not made within 15 days following payment due date, or if the business exhibits some of the danger signals listed in the Problem Loan Section.

  • Any forgiveness or reduction of the principal amount owed to GMS Finance by a borrower must be approved in accordance with Policy 5.2 - Problem Loan Management.

  • No Mortgage Loan offered for sale to Salomon which is a Problem Loan (as defined herein) or a Non-Standard Loan (as defined herein) shall be counted toward the commitment provided in this section.

  • With respect to any Problem Loan or Non- Standard Loan, or in the event that New Century sells any Mortgage Loan which is subject to the Aggregation Line to a party other than Salomon, the Aggregation Cost shall equal One Month LIBOR plus 2.50%.

Related to Problem Loan

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Correctional facility means a facility operated under the management and control of the Virginia Department of Corrections.

  • Streamlined Documentation Mortgage Loan Any Mortgage Loan originated pursuant to the Seller's Streamlined Loan Documentation Program then in effect.

  • Advance Deficiency As defined in Section 4.01(b).

  • Streamlined Mortgage Loan A Mortgage Loan originated in connection with the refinance of a mortgage loan pursuant to the related Seller’s streamlined documentation program then in effect.