Loan Loss Reserves. With respect to the Bank, maintain at all times loan loss reserves in amounts deemed adequate by all federal and state regulatory authorities.
Loan Loss Reserves. Each of the reserve and allowances for possible loan losses and the carrying value for real estate owned which are shown on the financial statements of the Company included in the SEC Reports (as defined below) has been established in material conformity with all applicable requirements, rules and policies of applicable Governmental Entities and, to the extent subject to GAAP reporting, complies with GAAP applied on a consistent basis to provide for possible losses on loans outstanding and real estate owned as of the date of such financial statements.
Loan Loss Reserves. As of the date hereof and as of the Closing Date, the Company’s management has concluded that the loan loss reserves of the Bank are adequate.
Loan Loss Reserves. The reserve for loan losses in BANK consolidated balance sheets dated December 31, 1996, March 31, 1997, June 30, 1997 and each subsequent period end prior to the Effective Date and as of the Effective Date are or will be adequate in all material respects under the requirements of all applicable state and federal laws and regulations to provide for possible loan losses on outstanding loans but in no event will be less than sufficient to reserve for Nonperforming Loans outstanding consistent with BANK's past practices. For purposes of this Agreement, "Nonperforming Loans" means the sum of all accruing loans over 90 days past due in the payment of principal or interest plus any loans no longer accruing interest. Nonperforming Loans does not include OREO. BANK has disclosed to PACIFIC in the BANK Disclosure Statement, and will promptly inform PACIFIC of the amounts of all loans, leases, other extensions of credit or commitments, or other interest-bearing assets of BANK, that have been classified as of the date hereof or hereafter by any internal bank examiner or any bank regulatory agency as "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, BANK shall be under no obligation to disclose to PACIFIC any such classification by any bank regulatory agency where such disclosure would violate any obligation of confidentiality of BANK imposed by such bank regulatory agency. BANK has furnished and will continue to furnish to PACIFIC true and accurate information concerning the loan portfolio of BANK, and no material information with respect to the loan portfolio has been or will be withheld from PACIFIC.
Loan Loss Reserves. Each MPF Bank shall maintain its own respective loan loss reserves with respect to the Program Loans.
Loan Loss Reserves. The reserves for possible loan losses shown on the March 31, 2001 Consolidated Reports of Condition and Income (call report) filed with a Regulatory Agency for the Company's Subsidiaries are adequate in all material respects to provide for possible losses, net of recoveries relating to loans previously charged off, on loans outstanding (including accrued interest receivable) as of that date.
Loan Loss Reserves. 17 III.21
Loan Loss Reserves. Maintain at all times an Allowance for Loan and Lease Losses in an amount not less than an amount equal to 100% of combined Non-Performing Assets.
Loan Loss Reserves. The Borrower shall cause each Subsidiary Bank to maintain the ratio of Loan Loss Reserves to Non-Performing Loans (expressed as a percentage) at all times to be not less than 70%.
Loan Loss Reserves. 18 3.23 Approval Delays. . . . . . . . . . . . . . . . . . . 18 3.24
