Common use of Asset Quality Clause in Contracts

Asset Quality. The ratio of loans 90 days past due + non accrual loans plus other real estate owned divided by net loans plus other real estate owned for each Bank shall not exceed one and five tenths percent (1.5%).

Appears in 2 contracts

Sources: Revolving Credit/Term Loan Agreement (Community Bankshares Inc /Ga/), Revolving Credit/Term Loan Agreement (Community Bankshares Inc /Ga/)

Asset Quality. The ratio of loans 90 days past due + non accrual loans plus other real estate owned divided by net loans plus other real estate owned for each Bank shall not exceed one and five tenths two percent (1.52.0%).

Appears in 1 contract

Sources: Term Loan Agreement (Citizens Bancshares Corp /Ga/)

Asset Quality. The ratio of loans 90 days past due + non accrual loans plus other real estate owned divided by net loans plus other real estate owned for each Bank shall not exceed one and five tenths four percent (1.54%).

Appears in 1 contract

Sources: Revolving Credit/Term Loan Agreement (Community Bankshares Inc /Ga/)