Loan Committee Sample Clauses

Loan Committee. The Board of Directors may appoint a loan committee composed of two (2) directors, appointed by the Board annually or more often. The loan committee shall have power to discount and purchase bills, notes and other evidences of debt, to buy and sell bills of exchange, to examine and approve loans and discounts, to exercise authority regarding loans and discounts, and to exercise, when the Board is not in session, all other powers of the Board that may lawfully be delegated. The loan committee shall keep minutes of its meetings, and such minutes shall be submitted at the next regular meeting of the Board of Directors at which a quorum is present, and any action taken by the Board with respect thereto shall be entered in the minutes of the Board.
Sample 1
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Loan Committee. A Loan Committee with a composition acceptable to the Fund shall be established. The Loan Committee shall have the overall responsibility for approval of loan applications pursuant to the regulations of the RFF Investment Guidelines.
Sample 1
Loan Committee. There shall be a loan committee composed of not less than three directors, appointed by the Chairman of the Board annually or more often. The loan committee shall have such power, as is lawfully delegated by the board, pursuant to a loan policy adopted by resolution of the board, to discount and purchase bills, notes and other evidences of debt, to buy and sell bills of exchange, to examine and approve loans and discounts and to exercise authority regarding loans and discounts. In the event that the loan committee consists of more than three members, any three members shall constitute a quorum for exercising the powers of the loan committee. The loan committee shall keep minutes of its meetings, and such minutes shall be submitted at the next regular meeting of the Board of Directors at which a quorum is present, and any action taken by the board with respect thereto shall be entered in the minutes of the board.
Sample 1
Loan Committee. The Loan Committee is comprised of five members: • The President of Cofina • The Chief Financial Officer of Cofina • Credit Administrator • Director Wholesale Credit • Director Retail Credit • The Member officer rotates on a monthly basis. Three voting members, one of which must be the President or the CFO, are required for the committee to be quorate. The meetings are also attended by the Legal Administrator and the presenting loan officer. The Loan Committee is scheduled every Monday at 8:00 a.m. Credit reports and back-up data must be provided to the Legal Administrator on or before noon on the Thursday prior to the Monday meeting. The agenda for the meeting must be distributed by Thursday afternoon. Apologies for absence must be given to the Legal Administrator. The loan officer responsible for each loan on the agenda must attend the meeting to present his credit. If the loan officer is unable to physically attend the meeting, he must join it by telephone. Credits will be held over to the next meeting if the loan officer is unable to attend. The Loan Committee meets to consider the following actions: • Approve new loans • Approve revised loans • Approve loan extensions • Approve annual reviews • Approve changes to payment schedule • Approve premium or discount pricing from the pricing matrix • Approve advances pre-finalization of security • Approve releases from security • Approve exceptions to the limitations on advances • Review loans where there have been violations of the agreement and approve waiver where appropriate. • Review loans that have failed the Stressed Realizable Value Test • Review loans that have slipped from an Acceptable, non-criticized asset classification • Approve loan servicing actions • Review progress of loan servicing actions • Approve Loan Service Plans • Review progress of Loan Service Plans • Approve issuing Liquidation Notice • Review discount rates used in Collateral Analysis Worksheet • Approve loan classifications • Approve outside attorneys to be used for assisting with security requirements All decisions must be approved unanimously by those voting members attending the Loan Committee meeting. All decisions must be minuted by the Legal Administrator. Minutes must be signed by the voting members who made the decision and then presented at the next Loan Committee meeting. The minutes are filed by the Legal Administrator and held in the offices of Cofina for five years before being archived.
Sample 1
Loan Committee. (a) (i) The Board of Directors of FIHOP shall establish a nine (9) person Loan Committee consisting of a representative of up to nine (9) Members of FIHOP, who may or may not be members of the Board of Directors of FIHOP. The appointments shall be specific to the individuals representing Members of FIHOP and not to the company they represent and all the parties hereto explicitly agree that in no way do the Members of FIHOP incur any additional liability above and beyond the liability contemplated by participation in FIHOP simply and solely for the appointment of an individual representative to the Loan Committee.
Sample 1
Loan Committee. Because any transaction between the Physician Group and the Manager shall constitute a transaction with an interested party. the Members hereby establish a Loan Committee. which committee shall consist of the Columbia Managers and shall have the exclusive authority. in the name and on behalf of the Manager. to approve any loans made by the Manager to the Physician Group and to enforce the terms of any promissory notes issued in connection with such loans and any security interest granted with respect to such loans. The Loan Committee shall have the right to refuse in its sole and absolute discretion to make a loan for any reason and to conduct a due diligence review of the Physician Group at any time, and from time to time including without limitation to inspect and make copies of any financial or corporate records of the Physician Group.
Sample 1
Loan Committee. The Loan Committee shall consist of not less than two directors. The Loan Committee shall have the power to establish and approve such loans, policies and procedures relating to the lending operations of any direct and indirect subsidiary or affiliate of the Corporation as determined in accordance with such guidelines established by the Board of Directors from time to time.
Sample 1
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Loan Committee. (a) A majority of the Bank's Loan Committee shall, at all times, be comprised of outside directors, who are not executive officers of the Bank. The prior approval of the Loan Committee shall be required for any extension of credit made or acquired by the Bank (1) that in the aggregate will exceed $100,000 to any borrower, including related interest(s) of such borrower, except those collateralized by cash and cash equivalents; (2) to any institution-affiliated party of the Bank, including any related interest(s) of such borrower; or (3) for any loan acquisition aggregating 25 percent or more of the Bank's tier 1 capital. All loan approvals by the Loan Committee shall be made in accordance with the requirements of section 658.48 of the Florida Statutes. The Loan Committee shall have the responsibility for monitoring compliance with the Bank's written loan policies and procedures and shall review, on a monthly basis, all loans made by the Bank and the activities of all personnel of the Bank involved in its lending functions and operations. At each meeting of the Loan Committee, the Committee shall review the current status of all loans in excess of $50,000 that are in default as to principal or interest for 30 days or more as of the date of the Committee meeting, that are adversely classified or listed for special mention by State or Federal examiners in the Bank's latest report of examination or that are to an institution-affiliated party of the Bank. The Committee shall specifically address whether the extension of credit was made in accordance with the Bank's written loan policies and procedures and whether the collection actions undertaken by Bank management to reduce the volume of past due loans were in full compliance with the Bank's collection procedures as set forth in its written loan policies and procedures. The Loan Committee shall maintain accurate written minutes of its meetings, which shall be available for subsequent supervisory review.
Sample 1

Related to Loan Committee

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  • Executive Committee (A) The Executive Committee shall be composed of not more than nine members who shall be selected by the Board of Directors from its own members and who shall hold office during the pleasure of the Board.

  • Management Committee The Members shall act collectively through meetings as a "committee of the whole," which is hereby named the "Management Committee." The Management Committee shall conduct its affairs in accordance with the following provisions and the other provisions of this Agreement:

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  • Investment Committee The board of directors of the insurance company shall appoint an investment committee of the investment manager as the investment committee of the insurance company. The investment committee shall meet at least once each quarter to review the investments and loans of the insurance company.

  • Union Committee The Union shall appoint and maintain a Committee comprising persons who are employees of the Employer, and/or the Senior Union Official, or her/his representative, which shall be known as the Union Committee. The Union at all times shall keep the Employer informed of the individual membership of the Committee.

  • Negotiation Committee (A) The Union may designate certain employees to serve on its Negotiation Committee, and such employees will be granted administrative leave to attend negotiating sessions with the state. No employee shall be credited with more than the number of hours in the employee's regular workday for any day the employee is in negotiations. The agency shall not reimburse employees for travel, meals, lodging, or any expense incurred in connection with attendance at negotiating sessions.

  • Joint Committee 1. The Contracting Parties shall establish a Joint Committee (hereinafter referred to as “the Committee”) with a view to accomplishing the objectives of this Agreement. The functions of the Committee shall be:

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