Identified Loans definition

Identified Loans shall have the meaning set forth in Section 2.1(c).
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Identified Loans. As used herein, Loan Examiner shall mean Xxxx Xxxxxx or any loan examiner, loan reviewer or loan auditor (other than a current employee, officer or director of Cowlitz, Cowlitz Bank or Northern) with at least ten (10) years experience in commercial lending, banking and/or bank examining, including at least two (2) years as a loan examiner, loan reviewer or loan auditor. Northern agrees to provide access for the Loan Examiners as provided in Section 7.2(a) hereof. To the extent permitted by United States generally accepted accounting principles ("GAAP"), Northern agrees that it will have provided on its books prior to the Effective Time a reserve for each Identified Loan at least equal to (A) 5% of the principal amount of each Identified Loan classified as Special Mention, (B) 15% of the principal amount of each Identified Loan classified as Substandard, (C) 50% of the principal amount of each Identified Loan classified as Doubtful and (D) 100% of each Identified Loan classified as Loss, as well as a general reserve equal to 1 1/2% of the aggregate principal amounts of all outstanding loans (including without limitation all Identified Loans). Nothing in the immediately preceding sentence shall be deemed to preclude Northern from establishing, to the extent permitted by GAAP, reserves allocated to specific loans in amounts greater than set forth in such preceding sentence.
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Identified Loans has the meaning assigned to such term in Section 2.1(E).
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Examples of Identified Loans in a sentence

  • This Section shall not impose on Seller any obligation to cure defects identified with respect to Identified Loans pursuant to Section 2.08(f), the decision to cure such defects being within the sole discretion of Seller.

  • The Field Services Division also employs a number of special units for special events and situations that would affect the health and safety of the citizens of Oakdale, such as the K-9 Unit, Reserves, Bike Patrol, and the Special Weapons and Tactics Team (SWAT).

  • If any of the Identified Loans is sold for a cash purchase price less than at least the unpaid principal balance, plus any accrued but unpaid interest as of the date of sale as reflected in the financial statements of the Company, the after-tax amount of the discount taken on such loan shall be deducted from the Company’s allowance for loan losses.

  • The Identified Loans are not from branches which have originated loans having overdues, with amounts outstanding for a period of more than 90 (Ninety) days comprising more than 5 (Five percent of their total portfolio.

  • OSKME, OCT4-SOX2-KLF4-c-MYC-EGFP; OSNE, OCT4-SOX2-NANOG-EGFP; URCs, unreprogrammed cells.

  • The minimum rate of return of the Identified Loans is more than 15% (Fifteen Percent).

  • Interim Payment Date Prior to the Maturity Date, the occurrence of either (A) the complete pay off of a loan identified on Section A of the BCB Disclosure Memorandum (the “Identified Loans”), or (B) the receipt of additional collateral, guarantees or such other credit metrics as may allow the Special Committee, in its sole discretion, to re-classify any of such Identified Loans as nonclassified loans without any Expected Losses.

  • Associate Membership includes access to a limited range of services offered by the Association, as determined by the Board from time to time.FAIR WORK COMMISSIONForm F68 – Application for consent to the alteration of the eligibility rules of an organisation Attach additional pages if necessary.

  • The Identified Loans which have overdues, but the amounts have been outstanding for a period of less than 30 (Thirty) days shall not form more than 5% (Five Percent) of the pool at any point of time.

  • The sale and transfer, without recourse, or the collection or charge-off, of each of the Identified Loans, as contemplated by Section 5.11 hereof, shall have been completed.


More Definitions of Identified Loans

Identified Loans means the loans identified in Section A of the PSB Disclosure Memorandum to the Merger Agreement.
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Identified Loans. The list of Identified Loans, as may be updated pursuant to Section 2.6(f) shall be attached as an exhibit to the Escrow Agreement. To the extent permitted by United States generally accepted accounting principles ("GAAP"), Northern agrees that it will have provided on its books prior to the Effective Time a reserve for each Identified Loan at least equal to (A) 5% of the principal amount of each Identified Loan classified as Special Mention, (B) 15% of the principal amount of each Identified Loan classified as Substandard, (C) 50% of the principal amount of each Identified Loan classified as Doubtful and (D) 100% of each Identified Loan classified as Loss, as well as a general reserve equal to 1 1/2% of the aggregate principal amounts of all outstanding loans (including without limitation all Identified Loans). Nothing in the immediately preceding sentence shall be deemed to preclude Northern from establishing, to the extent permitted by GAAP, reserves allocated to specific loans in amounts greater than set forth in such preceding sentence.
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Identified Loans means the loans set forth on Oconee Federal Disclosure Schedule 1.01. As of January 31, 2014, the amount of Identified Loans was $17,144,287.
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Related to Identified Loans

  • Specified Loan Party means any Loan Party that is not then an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.11).

  • Qualified Loan means a loan made under this act or former 1961 PA 108 from this state to a school district to pay debt service on a qualified bond.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Permitted Loans means:

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment.

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Related Loan means any loan or extension of credit to an Obligor of a Shared-Loss Loan held by the Assuming Institution at any time on or prior to the end of the Final Shared-Loss Month.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Specified Liabilities means Claims (as defined in the Indemnification Agreement).

  • Qualified Lender means a lender approved by the federal department of housing and urban development to enter into a loan insured by the federal government under 12 USC 1715z−20.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Designated loan means a loan se- cured by a building or mobile home that is located or to be located in a special flood hazard area in which flood insurance is available under the Act.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Disqualified Lenders means any direct competitor of Holdings or any of its Subsidiaries, in each case, identified by such Person’s name in a written notice to the Administrative Agent delivered at any time after the Closing Date, which notice (A) shall be mutually acceptable to the Administrative Agent and the Borrower, (B) may be made available by the Administrative Agent on a Platform accessible by all Lenders and (C) shall become effective two Business Days after the posting thereof; provided that any such notice may be updated from time to time (a) to include (i) additional direct competitors of Holdings or any of its Subsidiaries identified by such Person’s name or (ii) Affiliates of such competitors that are either (x) identified by such Person’s name or (y) readily identifiable as such on the basis of such Affiliate’s name, (b) may be made available by the Administrative Agent on a Platform accessible by all Lenders, (c) shall be in form satisfactory to the Administrative Agent and (d) shall become effective two Business Days after the posting thereof. Notwithstanding the foregoing, in no event shall (1) any such update apply retroactively to disqualify any Persons that have previously acquired an assignment or participation interest in the Loans and/or Revolving Credit Commitments, Extended Revolving Credit Commitments or Replaced Revolving Commitments as permitted herein and (2) any bona fide debt fund, investment vehicle, regulated banking entity or non-regulated lending entity that is primarily engaged in making, purchasing, holding or otherwise investing in commercial loans or bonds and/or similar extensions of credit in the ordinary course of business which is managed, sponsored or advised by any Person Controlling, Controlled by or under common Control with a competitor of Holdings or any of its Subsidiaries or its Controlling owner and for which no personnel involved with the competitive activities of such competitor or Controlling owner (I) makes any investment decisions for such debt fund or (II) has access to any confidential information (other than publicly available information) relating to the Borrower and its Subsidiaries be deemed a Disqualified Lender.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Serviced Loan A Serviced Mortgage Loan or Serviced Companion Loan.

  • Advance Facility As defined in Section 3.22.

  • Serviced Loan Combination A Loan Combination that is being serviced pursuant to this Agreement. The only Serviced Loan Combinations related to the Trust as of the Closing Date are the Loan Combinations as to which “Serviced” is set forth in the Loan Combination Table under the column heading “Servicing Type,” together with any Servicing Shift Loan Combinations. A Servicing Shift Loan Combination will no longer be a Serviced Loan Combination on and after the related Servicing Shift Date.

  • Disqualified Lender has the meaning specified in Section 10.06(b)(v).

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Property Protection Advances shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.