Common use of Loan Loss Reserves Clause in Contracts

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. 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, and 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. 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, and 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.