Other Loans Especially Mentioned. Special Mention," "Criticized," "Credit Risk Assets," "Concerned Loans" or by words of similar import.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss" or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts of loans, extensions of credit or other assets that were charged off by it or its subsidiaries prior to the date hereof.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss" or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts that were charged off by BFS or its subsidiaries prior to the date hereof; and no such Loans as of September 30, 1996 that have been or, to its knowledge, should have been classified as "non-accrual", "restructured", "90 days past due", "still accruing and doubtful of collection" or any comparable classification are excluded from the amounts disclosed in the Asset Classification. For purposes of this Agreement, the term "Loans" shall mean loans, leases, ----- extensions of credit, commitments to extend credit and other assets.
Examples of Other Loans Especially Mentioned in a sentence
Quality Loan3A Better Than Acceptable Loan 3B Acceptable Loan3C Marginally Acceptable Loan 4 (W) Watch Acceptable Loan5 Other Loans Especially Mentioned 6 Substandard Loan7 Doubtful Loan8 Loss 1.
In order to validate the results of the study, workshops and group discussions were held with twenty participants in four groups.
The Bank also classifies some loans as "Watch" or "Other Loans Especially Mentioned" ("OLEM").
Grades 1-7 are performing, Grade 8 is Other Loans Especially Mentioned (OLEM) and Grades 9-11 are non – performing each with a rating description.• For Sovereign and Banks, rating grades are mapped to Long-Term External Credit Assessment Agency Ratings.• For Corporate, these are mapped to an Internal Rating Based (IRB) expert system, tuned for GCC conditions.• Each grade in the rating system is linked to a statistical Probability of Default (PD).
Gradings of current and Other Loans Especially Mentioned (OLEM) are not considered past due nor impaired.
More Definitions of Other Loans Especially Mentioned
Other Loans Especially Mentioned. Substandard," "Doubtful," "Loss," or words of similar import in the case of loans (or that would have been so classified in the case of other assets, had they been loans) and the placement of any interest-bearing asset on a watch list whether by said persons or entities; or
Other Loans Especially Mentioned. Special Mention," "Substandard," "Doubtful" or "Loss" or internally classified in a similar or comparable category. Except as specifically disclosed in Schedule II, as of December 31, 1996, there are no consumer loans that are delinquent more than thirty (30) days as to payment of principal and interest. Except as specifically disclosed in Schedule II, as of December 31, 1996 the reserve for loan losses in the Juniata 1996 Balance Sheet is adequate under the requirements of generally accepted accounting principles and standard banking practice to provide for possible losses on outstanding loans, net of recoveries. Except as disclosed in the notes to the Audited Consolidated Financial Statements for the year ended December 31, 1996, or as disclosed in Schedule II, there are no loans or loan commitments outstanding to executive officers or directors of Juniata or JVB, including their immediate families and entities with which they are associated. All such loans and commitments to loan were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and do not involve more than the normal risk of collectibility or present other unfavorable features and, except as disclosed in Schedule II, none of such loans and commitments to related parties disclosed in said Audited Consolidated Financial Statements or in writing to Lewistown are delinquent in payment of principal or interest.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss", or words of similar import in the case of loans (or that would have been so classified, in the case of other assets, had they been loans) and (ii) the classification of any loan as substandard, doubtful or loss, the filing or threatened filing of any and all legal actions or other proceedings or investigations which if determined adversely to Redwood Empire are reasonably likely to have a material adverse effect on Redwood Empire, compliance with its obligations under this Agreement or the satisfaction of any condition to closing under this Agreement, and any significant developments arising in connection with said actions, proceedings or investigations. Notwithstanding the above, Redwood Empire shall be under no obligation to disclose to Westamerica any such classification by any bank regulatory agency where such disclosure would violate any obligation of confidentiality of Redwood Empire imposed by such bank regulatory agency.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss", or words of similar import in the case of loans (or that would have been so classified, in the case of other assets, had they been loans). Notwithstanding the above, Redwood Empire shall be under no obligation to disclose to Westamerica any such classification by any bank regulatory agency where such disclosure would violate any obligation of confidentiality of Redwood Empire imposed by such bank regulatory agency.
Other Loans Especially Mentioned. Substandard," "Doubtful," or "Loss" or classified using categories with similar import. All such assets or portions thereof classified "Loss" have been charged off on a timely basis in full, collected or otherwise placed in a bankable condition. ValliCorp regularly reviews and appropriately classifies its and the ValliCorp Subsidiaries' loans and other assets in accordance with all applicable legal and regulatory requirements and GAAP. ValliCorp has disclosed to WABC the amounts and identities of all other real estate owned ("OREO") that have been finally classified as of the date hereof or hereafter (with respect to subsequent occurrences) by ValliCorp's independent auditors, management or any bank regulatory agency. As of the date hereof and the last day of the month preceding the month during which the Effective Date occurs, the recorded values of all OREO on the books of ValliCorp and the ValliCorp Subsidiaries do or will accurately reflect the net realizable values of each OREO parcel thereof in compliance with GAAP and applicable RAP. ValliCorp and the ValliCorp Subsidiaries have recorded on a timely basis all expenses associated with or incidental to its OREO including but not limited to taxes, maintenance and repairs as required by GAAP and RAP.
Other Loans Especially Mentioned. Substandard," "Doubtful," or "Loss" or classified using categories with similar import. All such assets or portions thereof classified "Loss" have been charged off on a timely basis in full, collected or otherwise placed in a bankable condition. WABC regularly reviews and appropriately classifies its and the WABC Subsidiaries' loans and other assets in accordance with all applicable legal and regulatory requirements and GAAP. WABC has Previously Disclosed to ValliCorp the amounts and identities of all OREO that have been classified as of the date hereof or hereafter (with respect to subsequent occurrences) by WABC's independent auditor, any outside reviewer, management or any bank regulatory agency. As of the date hereof and the last day of the month preceding the month during which the Effective Date occurs, the recorded values of all OREO on the books of WABC and the WABC Subsidiaries do or will accurately reflect the net realizable values of each OREO parcel thereof in compliance with GAAP and RAP. WABC and the WABC Subsidiaries have recorded on a timely basis all expenses associated with or incidental to its OREO including but not limited to taxes, maintenance and repairs as required by GAAP and RAP.
Other Loans Especially Mentioned or "Special Mention," or (iii) "Credit Risk Assets," "Concerned Loans," "Watch List" or words of similar import, in each case together with the unpaid principal amount of and any accrued and unpaid interest on each of such Loans and the identity of the borrower thereunder; together with the aggregate principal amount of and accrued and unpaid interest on all such Loans by category. After the date of this Agreement, the Seller shall promptly inform Buyers of any Loans that become classified since January 31, 1999 in the manner described in the previous sentence, or any Loans the classification of which is changed at any time after January 31, 1999. The Seller and its Subsidiaries have internally classified, in the manner described above, all Loans that any auditor or government examiner has criticized or classified, and the internal classification of such Loan is at least as strict as the criticism or classification thereof by the auditor or government examiner. Schedule 2.11(f) also sets forth, as of January 31, 1999, by account, each borrower, customer or other party which has notified Seller or any of the Seller Subsidiaries during the past twelve months of, or has asserted against Seller or any of the Seller Subsidiaries, in each case in writing, any "lender liability" or similar claim, and, to the best knowledge of Seller, each borrower, customer or other party which has given Seller or any of the Seller Subsidiaries any oral notification of, or orally asserted to or against Seller or any of the Seller Subsidiaries, any such claim. After the date of this Agreement, the Seller shall promptly inform Buyers of any lender liability or similar claim made or asserted in writing of the type described in the immediately preceding sentence that has arisen since January 31, 1999.