Review Criteria definition
Examples of Review Criteria in a sentence
The Servicer shall have five Business Days after notice or knowledge thereof to correct any non-compliance with any Review Criteria.
If, at the conclusion of such review, the Collateral Custodian shall determine that the Review Criteria is not satisfied, the Collateral Custodian shall within three Business Days notify the Servicer (which may be via email) of such determination and provide the Servicer with a list of the non-complying Loan Assets and the applicable Review Criteria that they fail to satisfy.
In addition, if requested in writing (in the form of Exhibit L) by the Servicer and approved by the Administrative Agent within 10 Business Days of the Collateral Administrator’s notification to the Servicer of its review of the Review Criteria, the Collateral Custodian shall return any Loan Asset which fails to satisfy a Review Criteria to the Borrower.