Loan Loss Reserves definition

Loan Loss Reserves means funds held by the Seller to cover potential losses in connection with the mortgage loans owned in the Seller’s portfolio, including without limitation any amounts required to be maintained and held as a loan loss reserve in accordance with GAAP and any other regulatory requirement applicable to the Seller.

Loan Loss Reserves means the use of Bond Loan proceeds (secured by a Principal Loss Collateral Provision) for a set aside in the form of cash reserves that serve as a safeguard to protect the Eligible CDFI against future losses for any loans for community or economic development purposes described in 12U.S.C. 4707 (b), including community or economic development purposes in Low-Income Areas or Underserved Rural Areas, within the Eligible CDFI’s portfolio;

Loan Loss Reserves means funds that the Applicant or Awardee will set aside in the form of cash reserves, or through accounting-based accrual re- serves, to cover losses on loans, ac- counts, and notes receivable, or for re- lated purposes that the CDFI Fund deems appropriate;

Examples of Loan Loss Reserves in a sentence

• For purposes of this Section 3.8, Program Income that is returned and made available to the Recipient due to CMF Award funds becoming unrestricted from Loan Loss Reserves or Loan Guarantees shall be deemed to be Program Income earned in the form of principal and equity repayments of the CMF Award.

• Notwithstanding the foregoing and Section 3.2, any disbursements to capitalize the Borrower’s Loan Loss Reserves shall be made pursuant to such requisition process as may be established by the Lender and the CDFI Fund.

• Loan Loss Reserves are general and specific reserves available to absorb loan and other credit losses.

• During the period from the date of this Agreement to the Effective Time, Lincoln Bank shall provide Ion Bank, and Ion Bank shall provide Lincoln Bank, with any information Ion Bank or Lincoln Bank shall reasonably request regarding each other’s Loan Loss Reserves.

• For purposes of this Section 3.8, Program Income that is returned and made available to the Recipient due to the CMF Award becoming unrestricted from Loan Loss Reserves or Loan Guarantees shall be deemed to be Program Income earned in the form of principal and equity repayments of the CMF Award.

More Definitions of Loan Loss Reserves

Loan Loss Reserves means an amount equivalent to one-twelfth (1/12) of one quarter percent (.25%) of the outstanding Unpaid Principal Balance of all loans as of the last date of each month which may be reserved by the Manager in Manager’s discretion.

Loan Loss Reserves means, with respect to any Bank Subsidiary as at any date of determination, the loan loss reserves of such Bank Subsidiary and its consolidated Subsidiaries on a consolidated basis as of such date.

Loan Loss Reserves means funds that the Applicant or Awardee will set aside in the form of cash reserves, or through accounting-based accrual reserves, to cover losses on loans, accounts, and notes receivable, or for related purposes that the CDFI Fund deems appropriate;

Loan Loss Reserves means funds held by Seller to cover potential losses in connection with the mortgage loans owned in Seller’s portfolio, including without limitation any amounts required to be maintained and held as a loan loss reserve in accordance with GAAP and any other regulatory requirement applicable to Seller.

Loan Loss Reserves. With respect to any Person, the loan loss reserve of such Person, as reported in the most recent call reports of such Person.

Loan Loss Reserves means the total reserve established to cover potential losses in the Issuer’s outstanding loans or other credit facilities.

Loan Loss Reserves means, with respect to the Company and each Bank Subsidiary, the loan loss reserve as determined with respect to the Company and each Bank Subsidiary and prepared in accordance with GAAP.