Allowance for Loan Loss Sample Clauses

Allowance for Loan Loss. Except to the extent mandated by the Company’s registered public accountants, at the Closing, the Bank’s allowance for loan and lease losses shall be not less than the Company Closing Loan Loss Reserve, as set forth in the balance sheet of the Bank as of the end of the month preceding the Closing Date, prepared in accordance with GAAP. Upon Buyer’s written request, received not earlier than five (5) calendar days prior to the Effective Time, the Company shall cause Bank to increase Bank’s allowance for loan losses by an amount specified by Buyer, which amount shall not be taken into consideration in determining the Company Closing Net Worth.
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Allowance for Loan Loss. The allowance for loan losses set forth in the September 30, 2004 financial statements of Tarpon is adequate in all material respects under the requirements of GAAP to provide for possible losses, net of recoveries relating to loans previously charged off, on loans outstanding (including accrued interest receivable) as of September 30, 2004. The aggregate loan balances of the Association at such date in excess of such allowance are, to the best knowledge and belief of Tarpon, collectible in accordance with their terms.
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Allowance for Loan Loss. If the Offer is not consummated, at the Merger Closing, the Company's allowance for loan and lease losses shall be not less than the Company Closing Loan Loss Reserve, and the ratio of the Company's allowance for loan and lease losses to the aggregate amount of loans in the Company's portfolio of loan assets, as set forth in the balance sheet of the Company as of the end of the month preceding the Merger Closing Date, prepared in accordance with GAAP, shall not be materially lower than the ratio of the Company's allowance for loan and lease losses to the aggregate amount of loans in the Company's portfolio of loan assets, as set forth in the balance sheet of the Company as of December 31, 2005, prepared in accordance with GAAP.
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Allowance for Loan Loss. DELTA Bank shall maintain its allowance for loan losses in accordance with GAAP, but in no event shall such reserve be less than 1.38% of total loans at the Closing.
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Allowance for Loan Loss. The allowance for loan losses set forth in the December 31, 1998 financial statements of Eagle is adequate in all material respects under the requirements of GAAP to provide for possible losses, net of recoveries relating to loans previously charged off, on loans outstanding (including accrued interest receivable) as of December 31, 1998. The aggregate loan balances of the Association at such date in excess of such allowance are, to the best knowledge and belief of Eagle, collectible in accordance with their terms. 3.20
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Allowance for Loan Loss. The allowance for loan losses ----------------------- set forth in the December 31, 1999 financial statements of Allegiant is adequate in all material respects under the requirements of GAAP to provide for possible losses, net of recoveries relating to loans previously charged off, on loans outstanding (including accrued interest receivable) as of December 31, 1999. The aggregate loan balances of Allegiant Bank at such date in excess of such allowance are, to the knowledge and belief of Allegiant, collectible in accordance with their terms.
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Allowance for Loan Loss. The Company shall not have materially violated any Applicable Law of the PRC with respect to allowances for loan losses, including but not limited to PRC GAAP and published rules of the China Banking Regulatory Commission; particularly:
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Allowance for Loan Loss. At the Closing, the Company’s allowance for loan and lease losses shall be not less than the amount that is equal to 0.88% of the aggregate amount of loans in the Company’s portfolio of loan assets (Total Loans), as set forth in the balance sheet of the Company as of the end of the month preceding the Closing Date, prepared in accordance with GAAP. Upon Buyer’s written request, received not earlier than five (5) calendar days prior to the Effective Time, the Company shall increase the Company’s allowance for loan losses by an amount specified by Buyer, which increase amount shall not be taken into consideration in determining the net worth of the Company for purposes of Section 8.2(i) above.
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Allowance for Loan Loss. At the Closing, the Bank’s allowance for loan and lease losses shall be not less than $5,962,000, and the ratio of the Bank’s allowance for loan and lease losses to the aggregate amount of loans in the Bank’s portfolio of loan assets shall have been calculated in accordance with the Company’s existing methodology for such calculations as of the date of this Agreement and in accordance with GAAP.
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Related to Allowance for Loan Loss

  • Allowance for Loan Losses The Company's allowance for loan losses is, and shall be as of the Effective Date, in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.

  • Allowance for Possible Loan Losses The allowance for possible loan or credit losses (the “Allowance”) shown on the consolidated balance sheets of each Subsidiary, as applicable, included in the most recent SEC Documents dated prior to the date of this Agreement was, as of the dates thereof, adequate (within the meaning of GAAP and applicable regulatory requirements or guidelines) to provide for all known, reasonably anticipated or probable losses relating to or inherent in the loan and lease portfolios (including accrued interest receivables) of such Subsidiary and other extensions of credit (including letters of credit and commitments to make loans or extend credit) by such Subsidiary as of the date thereof; provided, however, that there can be no assurance that future losses will not exceed the Allowance, or that additional provisions for loan losses will not be required in future periods, and provided, further, that it is understood that the Company’s determination of the Allowance is subject to review by the Company’s bank regulator, which can require the establishment of additional general or specific allowances.

  • Allowance for Loan and Lease Losses 6. (a) Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.

  • DATA LOSS The Company does not accept responsibility for the security of Your account or content. You agree that Your use of the Website or Services is at Your own risk.

  • REPORTING ALLOWANCE 21.1 In the event that an employee reports for work on his regular shift without having been previously notified not to report, the employee will be given at least four (4) hours work or five (5) hours for a ten (10) hour shift, or, if no work is available, he will be paid the equivalent of four (4) hours or five (5) hours for a ten (10) hour shift at his appropriate rate of pay except in the case of labour disputes or other conditions beyond the control of the Company.

  • Compensation for Damage or Loss (1) When investments made by investors of either Contracting Party suffer damage or loss owing to war or other armed conflict, a state of national emergency, revolt, civil disturbances, insurrection, riot or other similar events in the territory of the other Contracting Party, they shall be accorded by the latter Contracting Party, treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that the latter Contracting Party accords to its own investors or investors of any third state, whichever is the most favourable.

  • Compensation for Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

  • Minimum Reporting Allowance If an employee reports for work at the regularly scheduled time for his or her shift and no work is available, such employee will be entitled to a minimum of four (4) hours pay at the employee's regular rate provided that:

  • Special Hazard Loss Amount $ 0.00 --------------

  • Aid Allowance An employee who has been appointed by the Employer and trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. Xxxx's Ambulance or similar body shall be paid weekly an allowance as detailed in Appendix A. The Employer will always appoint the appropriate number of First Aid Officers as required by relevant legislation and Code of Practice.

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