Common use of Underwriting Criteria Clause in Contracts

Underwriting Criteria. The percentage (by Scheduled Principal Balance) of the Group I Loans as of the Post-Funding Payment Date which are identified by the Originator under its standard underwriting criteria as "B," "C," and "D" credits will not be more than 100 basis points, 100 basis points, and 0 basis points, respectively, more than the percentage of Initial Group I Loans identified as "B," "C," and "D" credits.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

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Underwriting Criteria. The percentage (by Scheduled Principal Balance) of the Group I II Loans as of the Post-Funding Payment Date which are identified by the Originator under its standard underwriting criteria as "B," "C," and "D" credits will not be more than 100 200 basis points, 100 basis points, and 0 basis points, respectively, more than the percentage of Initial Group I II Loans identified as "B," "C," and "D" credits.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

Underwriting Criteria. The percentage (by Scheduled --------------------- Principal Balance) of the Group I Loans as of the Post-Funding Payment Date which are identified by the Originator under its standard underwriting criteria as "B," "C," and "D" credits will is not be more than 100 300 basis points, 100 200 basis points, and 0 100 basis points, respectively, more than the percentage of Initial Group I Loans identified as "B," "C," and "D" credits.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

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Underwriting Criteria. The percentage (by Scheduled --------------------- Principal Balance) of the Group I II Loans as of the Post-Funding Payment Date which are identified by the Originator under its standard underwriting criteria as "B," "C," and "D" credits will is not be more than 100 300 basis points, 100 200 basis points, and 0 100 basis 3-7 points, respectively, more than the percentage of Initial Group I II Loans identified as "B," "C," and "D" credits.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)

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