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Borrower’s Maximum Charge-Offs
Borrower’s Maximum Charge-Offs contract clause examples

There ​ at least two (2) Defaulted Loans in the Loan Portfolio or, in the event that any Defaulted Loan has been substituted or repurchased pursuant to [Section 2.19] of the Loan Agreement during the twelve-month period (or such lesser number of months that shall have elapsed since the Closing Date) ending on the Date, there ​ at least one (1) Defaulted Loan in the Loan Portfolio.

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If there are at least two (2) Defaulted Loans in the Loan Portfolio on the Date, or, in the event that any Defaulted Loan has been substituted or repurchased pursuant to [Section 2.19] of the Loan Agreement during the twelve-month period (or such lesser number of months that shall have elapsed since the Closing Date) ending on the Date, there is at least one (1) Defaulted Loan in the Loan Portfolio on the Date:

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