Common use of Asset Classification Clause in Contracts

Asset Classification. Set forth in Schedule 4.17 is a list, accurate and complete in all material respects, of the aggregate amounts of loans, extensions of credit or other assets of CFC and CFB that have been classified by it as of November 30, 1999 (the "Asset Classification"); and no amounts of loans, extensions of credit or other assets that have been classified as of November 30, 1999 by any regulatory examiner as "Other Loans Specially Mentioned", "Substandard", "Doubtful", "Loss", or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts of loans, extensions of credit or other assets that were charged off by CFC or CFB prior to November 30, 1999.