Troubled Condition. If Borrower or Bank is notified by any Governmental Body that it is considered an institution in “troubled condition” within the meaning of 12 U.S.C. Section 1831i and the regulations promulgated thereunder, or if a conservator or receiver is appointed for Bank.
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Sources: Loan Agreement (Porter Bancorp, Inc.), Loan Agreement (German American Bancorp, Inc.)
Troubled Condition. If Borrower or Bank is notified by any Governmental Body that it is considered an institution in “troubled condition” within the meaning of 12 U.S.C. Section 1831i 183 ii and the regulations promulgated thereunder, or if a conservator or receiver is appointed for BankBorrower.
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