Common use of Certain Assets Clause in Contracts

Certain Assets. The Company has Previously Disclosed a true and correct listing of the following assets of the Company and its Subsidiaries as of August 31, 1995: (i) all non-performing loans, securities or other assets (i.e., all assets on which the Company or the Bank has ceased recognizing interest under generally accepted accounting principles or as to which any payments of principal or interest are past due 90 or more days as of such date), (ii) all loans, securities or other assets as to which any payments of principal or interest are past due 60 or more days, (iii) all loans, securities or other assets not included in the foregoing which have been classified special mention, substandard, doubtful or loss by management of the Company or the Bank or regulatory examiners, and (iv) each parcel of Real Estate Owned (excepting such parcels as may have been disposed of in the ordinary course of business subsequent to such date), including an identification of the amount of reserves which have been established with respect to each such parcel and its net carrying value.

Appears in 3 contracts

Samples: Unit Purchase Agreement (Hawthorne Financial Corp), Unit Purchase Agreement (Value Partners LTD /Tx/), Unit Purchase Agreement (Hawthorne Financial Corp)

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Certain Assets. The Company has Previously Disclosed a true and correct listing of the following assets of the Company and its Subsidiaries as of August 31November 30, 19951999: (i) all non-performing loansLoans, securities or other assets (i.e., all assets on which the Company or the Bank has ceased recognizing interest under generally accepted accounting principles GAAP or as to which any payments of principal or interest are past due 90 or more days as of such date), (ii) all loansLoans, securities or other assets as to which any payments of principal or interest are past due 60 or more days, (iii) all loansLoans, securities or other assets not included in the foregoing which have been classified special mention, substandard, doubtful or loss loss, or otherwise classified adversely, by management of the Company or the Bank or regulatory examiners, and (iv) each parcel of Real Estate Owned (excepting such parcels as may have been disposed of in the ordinary course of business subsequent to such date), including an identification of the amount of reserves which have been established with respect to each such parcel and its net carrying value.

Appears in 2 contracts

Samples: Exchange Agreement (Altiva Financial Corp), Altiva Financial Corp

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Certain Assets. The Company has Previously Disclosed a true and correct listing of the following assets of the Company and its Subsidiaries as of August May 31, 19951999: (i) all non-performing loansLoans, securities or other assets (i.e., all assets on which the Company or the Bank has ceased recognizing interest under generally accepted accounting principles GAAP or as to which any payments of principal or interest are past due 90 or more days as of such date), (ii) all loansLoans, securities or other assets as to which any payments of principal or interest are past due 60 or more days, (iii) all loansLoans, securities or other assets not included in the foregoing which have been classified special mention, substandard, doubtful or loss loss, or otherwise classified adversely, by management of the Company or the Bank or regulatory examiners, and (iv) each parcel of Real Estate Owned (excepting such parcels as may have been disposed of in the ordinary course of business subsequent to such date), including an identification of the amount of reserves which have been established with respect to each such parcel and its net carrying value.

Appears in 2 contracts

Samples: Purchase Agreement (Value Partners LTD /Tx/), Secured Convertible Note Purchase Agreement (Altiva Financial Corp)

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