Non-Performing Asset Ratio definition
Examples of Non-Performing Asset Ratio in a sentence
The Non-Performing Asset Ratio of the Bank as of each Covenant Compliance Date shall not exceed Three and one-quarter percent (3.25%) of the Bank’s total assets as of December 31, 2009; Three percent (3.00%) of the Bank’s total assets as of March 31, 2010 and June 30, 2010; Two and three-quarter percent (2.75%) of the Bank’s total assets as of September 30, 2010 and December 31, 2010; Two and one-half percent (2.50%) of the Bank’s total assets as of March 31, 2011 and each calendar quarter thereafter.
Section 5.4 of the Agreement is hereby amended and restated such that Borrower shall not permit any Banking Subsidiary’s Non-Performing Asset Ratio as of the last day of any calendar quarter to exceed: (i) 3.50% as of September 30, 2010 and December 31, 2010; (ii) 3.25% as of March 31, 2011; and (iii) 3.00% at all times thereafter.
Section 5.14 of the Loan Agreement is hereby amended such that Borrower shall not permit the Non-Performing Asset Ratio of Bank or any other Banking Subsidiary as of the last day of any calendar quarter to exceed: (i) 3.50% as of September 30, 2010 and December 31, 2010; (ii) 3.25% as of March 31, 2011; and (iii) 3.00% at all times thereafter.
Pursuant to Section 4.10 of the Credit Agreement, the Borrower agreed to at all times maintain a Consolidated Non-Performing Asset Ratio of not greater than one and 75/100 percent (1.75%).
Section 5.14 of the Loan Agreement is hereby amended such that, commencing September 30, 2011 and at all times thereafter, Borrower shall not permit the Non-Performing Asset Ratio of Bank or any other Banking Subsidiary as of the last day of any calendar quarter to exceed 4.00%.
Borrower and its Subsidiaries shall maintain at all times a "Consolidated Non-Performing Asset Ratio" of not greater than three and one-quarter percent (3.25%).
Section 5.14 of the Loan Agreement is hereby amended such that Borrower shall not permit the Non-Performing Asset Ratio of Bank or any other Banking Subsidiary to exceed 3.50% as of the last day of any calendar quarter rather than 2.50%.
Borrower shall not permit the Non-Performing Asset Ratio of Bank or any other Banking Subsidiary to exceed 2.50% as of the last day of any calendar quarter.
Section 5.14 of the Agreement is hereby amended such that Borrower shall not permit the Non-Performing Asset Ratio of Bank or any other Banking Subsidiary to exceed 4.50% as of the last day of any calendar quarter, beginning December 31, 2010, and continuing at all times thereafter.
Borrower and its Subsidiaries shall maintain a "Consolidated Non-Performing Asset Ratio" of not greater than three and three-quarters percent (3.75%) until September 30, 2006, and of not greater than three and one-quarter percent (3.25%) at September 30, 2006, and at all times thereafter.