Common use of Allowance for Loan Losses Clause in Contracts

Allowance for Loan Losses. The allowance for loan losses shown in the Borrower Financial Statements is adequate in all material respects in accordance with GAAP to provide for losses, net of recoveries relating to loans previously charged off, on loans and covered loans outstanding as of the date of such statements or reports.

Appears in 2 contracts

Samples: Loan Agreement (First Midwest Bancorp Inc), Loan Agreement (First Midwest Bancorp Inc)

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Allowance for Loan Losses. The allowance for loan losses shown reflected in the Borrower Financial Statements any balance sheets or statements of condition contained in or incorporated by reference into any Customers SEC Documents, as of their respective dates, is adequate in all material respects in accordance with under the requirements of GAAP to provide for losses, net of recoveries relating to loans previously charged off, reasonably estimated losses on loans and covered loans outstanding as of the date of such statements or reportsloans.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Customers Bancorp, Inc.), Agreement and Plan of Merger (CMS Bancorp, Inc.)

Allowance for Loan Losses. The allowance for loan and lease losses shown in the Borrower Financial Statements is adequate in all material respects in accordance with GAAP to provide for losses, net of recoveries relating to loans previously charged off, on loans and covered loans leases outstanding as of the date of such statements or reports.

Appears in 2 contracts

Samples: Subordinated Debenture Purchase Agreement (Park National Corp /Oh/), Subordinated Debenture Purchase Agreement (Ucbh Holdings Inc)

Allowance for Loan Losses. The allowance for loan losses shown in reflected on the Borrower Falls Financial Statements Statements, as of their respective dates, is adequate in all material respects in accordance with under the requirements of GAAP and applicable regulatory requirements and guidelines to provide for lossesreasonably anticipated losses on outstanding Loans, net of recoveries relating to loans previously charged off, on loans and covered loans outstanding as of the date of such statements or reportsrecoveries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sky Financial Group Inc)

Allowance for Loan Losses. The allowance for loan losses shown in the Borrower Financial Statements is are adequate in all material respects in accordance with GAAP to provide for losses, net of recoveries relating to loans previously charged off, on loans and covered loans leases outstanding as of the date of such statements or reports.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (East West Bancorp Inc)

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Allowance for Loan Losses. The allowance for loan losses shown in reflected on the Borrower Company Financial Statements Statements, as of their respective dates, is adequate in all material respects in accordance with under the requirements of GAAP and applicable regulatory requirements and guidelines to provide for lossesreasonably anticipated losses on outstanding Company Loans, net of recoveries relating to loans previously charged off, on loans and covered loans outstanding as of the date of such statements or reportsrecoveries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sky Financial Group Inc)

Allowance for Loan Losses. The allowance for loan losses shown in reflected on the Borrower Prospect Financial Statements Statements, as of their respective dates, is adequate in all material respects in accordance with under the requirements of GAAP and applicable regulatory requirements and guidelines to provide for lossesreasonably anticipated losses on outstanding Loans, net of recoveries relating to loans previously charged off, on loans and covered loans outstanding as of the date of such statements or reportsrecoveries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sky Financial Group Inc)

Allowance for Loan Losses. The allowance for loan losses shown in reflected on the Borrower Company Financial Statements Statements, as of their respective dates, is adequate in all material respects in accordance with under the requirements of GAAP to provide for losses, net of recoveries relating to loans previously charged off, reasonably incurred losses on loans and covered loans outstanding as of the date of such statements or reportsloans.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Metrocorp Inc)

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