Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and installment sales contracts; conducting inspections of or monitoring a bor- rower’s business and collateral; providing financial assistance; restructuring or renegotiating the terms of a loan obligation; requiring payment of additional interest; extending the payment period of a loan obligation; initiating foreclosure or other proceed- ings to enforce a security interest in property before obtaining title; requesting and obtaining the appointment of a receiver; and making decisions related to extending or refusing to extend credit.
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, conditional sales, sale and leaseback arrangements and installment sales contracts; conducting inspections of or monitoring a borrower’s business and collateral; providing financial assistance; restructuring or renegotiating the terms
Lending activities shall have the meaning set forth in Section 4.1(j). Licensed Parties shall have the meaning set forth in Section 4.1(j).
Examples of Lending activities in a sentence
Subject to the Regulations and the applicable guidelines, the Scheme may engage in Stock Lending activities.
Currency risks (US Dollars to Japanese Yen) resulting from profits from Wholesale Lending activities are hedged through foreign exchange swaps.
Lending activities are guided by internal credit policies and Risk Appetite Framework that are approved by the Board.
Any Committeememberwho, withoutgoodcause, has failed to attend two thirds of the Committee meetings convened in any three month period shall be deemed to have resigned if a simple majority of the Committee so determine.
A Participating Organisation which intends to engage in Securities Borrowing and Lending activities must formulate a set of internal guidelines for Securities Borrowing and Lending as required by the Exchange.
More Definitions of Lending activities
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and installment
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and instalment sales contracts; conducting inspections of or monitoring a borrower’s business and collateral; providing financial assistance; restructur- ing or renegotiating the terms of a loan obligation; requiring pay-
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and installment sales contracts; conducting inspections of or monitoring a bor- rower’s business and collateral; providing financial assistance;
Lending activities means advancing funds or credit to and collecting funds from another person; entering into security agreements, including executing mortgages, liens, factoring agreements, accounts receivable financing arrangements, condi- tional sales, sale and leaseback arrangements and instalment sales contracts; conducting inspections of or monitoring a borrower’s business and collateral; providing financial assistance; restructur- ing or renegotiating the terms of a loan obligation; requiring pay- ment of additional interest; extending the payment period of a loan obligation; initiating foreclosure or other proceedings to enforce
Lending activities. The Company's largest single asset category continues to be loans. The Company's gross loans, as a percentage of total deposits, were 93.8% at December 31, 1998 compared to 91.8% at December 31, 1997. The following table shows the Company's loan portfolio composition on the dates indicated (dollars in thousands).
Lending activities. Loans Involving Country Risk" above.
Lending activities. Loans Involving Country Risk" above. Net loan charge-offs were $471,000, $1.7 million, and $727,000 for the years ended December 31, 2003, 2002 and 2001, respectively. Gross charge-offs for these same periods were $801,000, $1.8 million and $1.3 million, respectively. The decrease in charge offs in 2003 was primarily due to the decrease in commercial business loan charge offs. For the year ended December 31, 2003, no amounts were charged off on Loans Involving Country Risk, but the Bank charged off a total of $801,000, including $582,000 in commercial and industrial, $161,000 in credit card debt, $45,000 in installment, and $13,000 in others. These charge-offs were offset by total recoveries in the amount of $330,000 during the same period. With recoveries, the allowance for loan losses at December 31, 2003 increased to $10.3 million, compared to $8.9 million, $9.5 million at December 31, 2002 and 2001 respectively. The allowance for loan losses at December 31, 2003 as a percentage of total loans and as a percentage of nonperforming loans was 1.2% and 904.5%, respectively, compared to 1.3% and 438.0% at December 31, 2002 and 1.7% and 187.1% at December 31, 2001, respectively. The increase in the allowance for loan losses as a percentage of total nonperformaing loans was primarily due to the decrease in total nonperforming loans to $1.1 million in 2003 compared to $2.0 million in 2002. The decrease in nonperforming loans in 2002 was primarily attributable to an elimination by note sale and a payoff of loans. The continual decline of allowance for loan losses as a percentage of total gross loans is a reflection of the Bank's loan portfolio growth in the commercial real estate relative to minimal charge-off history on commercial real estate loan portfolio. Based on the current migration methodology used to determine the adequacy of the allowance for loan losses, and the historically low charge-off ratio relative to its portfolio size, the reserve requirement ratio is substantially lower than for other segments of the other loan portfolio, such as commercial and industrial loan portfolio, which has a higher historical charge-off ratio. In view of the potential risks to the Bank presented by another possible deterioration of the Korean Economy, the Bank has taken steps to minimize and mitigate its credit exposure to the Korean Economy. The Bank instituted new underwriting policies regarding Korean Affiliate Loans. Under the new policies, the Bank, in general, d...