Common use of PROBLEM LOAN MANAGEMENT Clause in Contracts

PROBLEM LOAN MANAGEMENT. (1) Within thirty (30) days of the date of this Agreement, the Board shall establish a plan that will reduce the volume of problem assets by ensuring that management promptly addresses and intervenes, as appropriate, to resolve problem credit situations consistent with OCC Banking Circular 255.

PROBLEM LOAN MANAGEMENT. (1) Within thirty (30) days of the date of this Agreement, the Board shall establish a plan that will designed to reduce the volume of problem assets by ensuring that management promptly addresses and intervenes, as appropriate, to resolve problem credit situations consistent with OCC Banking Circular 255.

PROBLEM LOAN MANAGEMENT. (1) Within thirty (30) days of the date of this Agreement, the Board shall establish adopt, implement, and thereafter ensure adherence to a written plan that will to reduce the volume of problem assets by ensuring that management promptly addresses and intervenes, as appropriate, to resolve problem credit situations consistent with OCC Banking Circular 255.