Concentration Policy definition

Concentration Policy has the meaning set forth in Annex I.
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Concentration Policy has the meaning set forth in Annex I. Consolidated Tangible Net Worth the Company and its consolidated Subsidiaries determined in accordance with Agreement Accounting Principles, less their consolidated Intangible Assets, all determined as of such date. For purposes of this definition Intangible Assets means the amount (to the extent reflected in determining such consolidated -ups (other than write-ups resulting from foreign currency translations and write-ups of assets of a going concern business made within twelve months after the acquisition of such business) subsequent to March 31, 2024 in the book value of any asset owned by the Company or a consolidated Subsidiary, (ii) all investments in unconsolidated Subsidiaries and all equity investments in Persons which are not Subsidiaries and (iii) all unamortized debt discount and expense, unamortized
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Concentration Policy. “Minimum Credit Rating”, “Borrowing Base”, “Clearing Fund Borrowing Base”, “GFX Borrowing Base” and “Discounted Value”, the provisions of Annex I hereto or Section 5.2(e), (f), (g), (h), (i), (j) or (k) hereto, in each case without the consent of the Supermajority Banks, (ix) release any of the Collateral from the Lien granted pursuant to the Collateral Documents to the extent that on the date of such release the aggregate outstanding principal amount of all Clearing Fund Pool Loans or all GFX Loans exceed, or will immediately after such release exceed, the applicable Borrowing Base, other than as permitted by this Agreement or any other Loan Document (including without limitation Section 2.9 of this Agreement) without the consent of the Supermajority Banks, (x) amend, modify or waive any provision of Section 2.11 or the definition of the term “Defaulting Bank” (or the definition of any component thereof) without the consent of the Required Banks and the Administrative Agent (for the avoidance of doubt, this clause (x) shall be the only clause in this subsection applicable to any such amendment, modification or waiver of Section 2.11 or the definition of the term “Defaulting Bank”), (xi) impose any greater restriction on the ability of any Bank under an Applicable Tranche to assign any of its rights or obligations hereunder without the written consent of the Required Applicable Banks under such Applicable Tranche, (xii) amend or modify the provisions of Annex II without the consent of each Bank committed to fund Loans in the currency being amended or modified adversely affected thereby, or (xiii) affect the rights or duties under this Agreement of the Applicable Banks under an Applicable Tranche (but not the Applicable Banks under a different Applicable Tranche) without the consent of the Administrative Agent and the Applicable Banks that would be required to consent thereto under this Section if such set of Applicable Banks were the only Banks hereunder at the time;
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Examples of Concentration Policy in a sentence

  • The Credit Concentration Policy shall comply with applicable laws, regulations, and regulatory guidance.

  • The Company may modify the Concentration Policy or Minimum Credit Rating upon approval of the Required Banks if such modification results in the imposition of a less restrictive Concentration Policy or Minimum Credit Rating than that set forth on Annex I.

  • The report also shall delineate trends in delinquencies and set forth any recommendations whether a modification of the Bank’s Loan Concentration Policy adopted pursuant to Paragraph 7 hereof or the Bank’s loan policies is appropriate.

  • Within thirty (30) days, the Association shall revise its established limits for identifying, monitoring, and controlling risks associated with concentrations of credit (Credit Concentration Policy) in 1-4 family non-owner occupied mortgage loans and nonhomogeneous loans to an amount that is commensurate with the Association’s business plan, management expertise, and financial condition.

  • Within thirty (30) days, the Association shall revise its established limits for identifying, monitoring, and controlling risks associated with concentrations of credit (Credit Concentration Policy) to address the comments in the 2010 ▇▇▇ regarding concentrations of credit.

  • In the event the revised limits are lower than the Association’s existing concentration in 1-4 family non-owner occupied mortgage loans and/or nonhomogeneous loans, the Board shall adopt within sixty (60) days a reduction plan (Reduction Plan) to bring the Association into compliance with its Credit Concentration Policy.

  • Within sixty (60) days, the Association shall revise its written program for identifying, monitoring, and controlling risks associated with concentrations of assets (Asset Concentration Policy) to ensure that it addresses all corrective actions set forth in the 2009 ▇▇▇ relating to concentrations of assets.

  • Within thirty (30) days, the Association shall revise its established limits for identifying, monitoring, and controlling risks associated with concentrations of credit (Credit Concentration Policy) to address the comments in the 2010 ▇▇▇ regarding concentrations of commercial credit.

  • By January 31, 2009, the Board shall adopt and submit to OTS for a written notice of non-objection a policy (Loan Concentration Policy) that establishes: (i) specific limits by loan type for each geographic market, with a discussion of the pertinent external and internal factors and risks, and (ii) a review process for monitoring the conditions in the geographic markets to ensure the limits remain appropriate and the Bank’s loan policies continue to be appropriate for the current market conditions.

  • After receipt of OTS’s written notice of non-objection, the Bank shall implement the Loan Concentration Policy.