Loan Policies Sample Clauses

Loan Policies. Change its loan policies or procedures in effect as of the date hereof, except as required by any Governmental Authority.
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Loan Policies. The Company expressly adopts the Loan Policies effective on the Closing Date as provided to the Company by Xxxxx Fargo. Any updates to the Loan Policies issued by Xxxxx Fargo shall automatically be adopted by the Company unless the Operating Committee expressly decides not to adopt a particular policy. Any employee who violates the Loan Policies shall be subject to termination unless the Operating Committee expressly decides not to terminate the employee.
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Loan Policies. (a) In the case of VFSC, change its loan policies or procedures in effect as of the date hereof, except as required by any Regulatory Authority. (b) In the case of Xxxxxxxxxx, change its loan policies or procedures in a manner that would violate any rules, regulations or established policies of any Regulatory Authority. 5.10
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Loan Policies. Reserve against, place on non-accrual, and charge off loans and other assets as losses are recognized or future losses become apparent, in accordance with Community Bank's past practices, which Community Bank warrants and represents are in compliance in all material respects with all applicable laws and regulations and have not been criticized in any past examinations or audits, while maintaining a loan loss reserve of at least .75% of total loans outstanding;
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Loan Policies. Reserve against, place on non-accrual, charge off and collect loans, overdrafts, and other assets as losses are recognized or future losses become apparent, in accordance with customary practices of Xxxxx;
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Related to Loan Policies

  • Certain Policies Prior to the Effective Date, each of the Company and its Subsidiaries shall, consistent with GAAP, the rules and regulations of the SEC and applicable banking laws and regulations, modify or change its loan, OREO, accrual, reserve, tax, litigation and real estate valuation policies and practices (including loan classifications and levels of reserves) so as to be applied on a basis that is consistent with that of Parent; provided, however, that no such modifications or changes need be made prior to the satisfaction of the conditions set forth in Sections 7.01(a) and 7.01(b); and further provided that in any event, no accrual or reserve made by the Company or any of its Subsidiaries pursuant to this Section 6.15 shall constitute or be deemed to be a breach, violation of or failure to satisfy any representation, warranty, covenant, agreement, condition or other provision of this Agreement or otherwise be considered in determining whether any such breach, violation or failure to satisfy shall have occurred. The recording of any such adjustments shall not be deemed to imply any misstatement of previously furnished financial statements or information and shall not be construed as concurrence of the Company or its management with any such adjustments.

  • Credit and Collection Policy The Servicer has complied in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contracts.

  • Insurance Policies Insurance required herein shall be by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the same.

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