Collateral Loans. As of the date hereof, more than 50% of the Collateral Loans held by the Borrower are Retention Holder Originated Collateral Loans.
Collateral Loans. (i) Unless otherwise expressly provided for herein, all monetary calculations (other than for Dollars) under this Agreement shall be the Dollar Equivalent of such amount, as applicable. Notwithstanding anything to the contrary herein, no Default shall be deemed to have occurred and no monetary thresholds shall be deemed not complied with solely as a result of changes in the applicable exchange rate.
Collateral Loans. Loans upon the pledge of securities or evidences of debt eligible for investment. Limited to 90% of the market value of such collateral pledged, except that loans upon pledges of U.S. government bonds may be equal to the market value of the bonds pledged, subject to the maximums under RCW 48.13.030. 48.13.230 Miscellaneous Investments: Loans or investments not otherwise eligible for investment and not specifically prohibited by RCW 48.13.270 and not described in RCW 48.12.020 (non-allowable assets). Limited to the lesser of 10% of assets or 50% of surplus over capital and other liabilities. Special Consent Investments: Investments not otherwise eligible, but still qualified under RCW 48.13.020 (general qualifications) and for which advance approval from the OIC is obtained. The approval from the OIC will specify whether the investment may be credited to required minimum capital or surplus investments, or to investments of reserves. 48.13.250 Required Investments for Capital and Reserves: for Capital: Cash or investments eligible under RCW 48.13.040 (public obligations), and mortgage loans on real property located within this state, pursuant to RCW 48.13.110. for Reserves: Cash or premiums in course of collection or investments under RCW 48.13: ..040 (public obligations), ..050 (corporate obligations), ..080 (preferred or guaranteed stocks), .090 (trustees’ or receivers’ obligations), ..100 (equipment trust certificates), ..110 (mortgages, loans and contracts), ..150 (auxiliary chattel mortgages), ..160 (real property home office bldg. etc.), ..180 (foreign securities), ..190 (policy loans), ..200 (savings and share accounts), ..220 (common stocks), ..230 (collateral loans), ..250 (special consent investments). Not less than 100% of the investments required for capital and reserves. 48.13.260 Investments Secured by Real Estate – Amount Restricted: real estate, real estate contracts, and notes, bonds and other evidences of debt secured by mortgage on real estate as described in RCW 48.13.110 and .160. Limited to 65% of assets-all investments in mortgage-backed securities qualifying under the secondary mortgage market enhancement act of 1984 are included in determining if an insurer has exceeded the 65% limit. 48.13.265
Collateral Loans. As of the date hereof, more than 50% of the Collateral Loans held by the Borrower arethe Aggregate Principal Balance of all Retention Holder Originated Collateral Loans divided by the Aggregate Principal Balance of all Collateral Loans, is greater than or equal to 5%.
Collateral Loans
