Loan Losses. Since December 31, 1999, none of the bank Subsidiaries of Fifth Third (the "Fifth Third Bank Subsidiaries") has incurred any unusual or extraordinary loan losses which are material to Fifth Third and the Fifth Third Subsidiaries on a consolidated basis; to the best knowledge of Fifth Third and in light of each of the Fifth Third Bank Subsidiaries' historical loan loss experience and its management's analysis of the quality and performance of its loan portfolio, as of December 31, 1999, its reserves for loan losses are adequate to absorb potential loan losses determined on the basis of management's continuing review and evaluation of the loan portfolio and its judgment as to the impact of economic conditions on the portfolio.
Loan Losses. Since December 31, 1999, none of the bank Subsidiaries of Old Kent (the "Old Kent Bank Subsidiaries") has incurred any unusual or extraordinary loan losses which are material to Old Kent and the Old Kent Subsidiaries on a consolidated basis; to the best knowledge of Old Kent and in light of each of the Old Kent Bank Subsidiaries' historical loan loss experience and its management's analysis of the quality and performance of its loan portfolio, as of December 31, 1999, its reserves for loan losses are adequate to absorb potential loan losses determined on the basis of management's continuing review and evaluation of the loan portfolio and its judgment as to the impact of economic conditions on the portfolio.
Loan Losses. Since March 31, 2004, none of the bank Subsidiaries of First National Bankshares (the “First National Bankshares Bank Subsidiaries”) has incurred any unusual or extraordinary loan losses which are material to First National Bankshares and the First National Bankshares Subsidiaries on a consolidated basis; to the best knowledge of First National Bankshares and in light of each of the First National Bankshares Bank Subsidiaries’ historical loan loss experience and its management’s analysis of the quality and performance of its loan portfolio, its reserves for loan losses are adequate to absorb potential loan losses determined on the basis of management’s continuing review and evaluation of the loan portfolio and its judgment as to the impact of economic conditions on the portfolio.
Loan Losses. Since December 31, 2001, to the date hereof, except as disclosed in Franklin Reports filed prior to the date hereof, none of the Franklin Subsidiaries has incurred any unusual or extraordinary loan losses which could reasonably be expected to have a Material Adverse Effect on Franklin. To the Knowledge of Franklin and in light of each of the Bank Subsidiaries' historical loan loss experience and its management's analysis of the quality and performance of its loan portfolio, as December 31, 2001, its reserve for loan losses was, in the opinion of Franklin, adequate to absorb potential loan losses determined on the basis of management's continuing review and evaluation of the loan portfolio and judgment as to the impact of economic conditions on the portfolio.
Loan Losses. Since June 30, 2002 to the date hereof, none of Fifth Third's banking subsidiaries has incurred any unusual or extraordinary loan losses which would be material to Fifth Third on a consolidated basis; and to the Knowledge of Fifth Third, and in the light of any banking subsidiary's historical loan loss experience and their managements' analysis of the quality and performance of their respective loan portfolios, as of June 30, 2002, their consolidated reserves for loan losses are adequate to absorb potential loan losses determined on the basis of management's continuing review and evaluation of the loan portfolio and its judgment as to the impact of economic conditions on the portfolio.
Loan Losses. The Borrower hereby agrees that upon demand by any Lender (which demand shall be accompanied by a statement setting forth the basis for the calculations of the amount being claimed) the Borrower will indemnify such Lender against any loss or expense which such Lender may have sustained or incurred (including but not limited to any net loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund or maintain LIBOR Loans) or which such Lender may be deemed to have sustained or incurred, as reasonably determined by such Lender, (i) as a consequence of any failure by the Borrower to make any payment when due of any amount due hereunder in connection with any LIBOR Loans, (ii) due to any failure of the Borrower to borrow or convert any LIBOR Loans on a date specified therefor in a notice thereof or (iii) due to any payment or prepayment of any LIBOR Loan on a date other than the last day of the applicable Interest Period for such LIBOR Loan. For this purpose, all notices under Sections 2.2, 2.3 and 2.4 shall be deemed to be irrevocable.
Loan Losses. Since December 31, 1995, neither First-Knox Xxxk nor Farmers have incurred any unusual or extraordinary loan losses. The allowance for loan losses reflected on the financial statements of First-Knox Xxxk and Farmers have been determined in accordance with generally accepted accounting principles and in accordance with all applicable regulations of all Bank Regulators and are adequate in all respects. First-Knox xxx considered all potential losses known to First-Knox xx the best of its knowledge in establishing the current allowance for loan losses for First-Knox Xxxk and Farmers, other than such losses that if incurred would not have a material adverse effect on First-Knox xx any Subsidiary of First-Knox.
Loan Losses. Since December 31, 1995, Xxx Xxxx Xxxxxxxx Xxxx, Xxxxxx, Xxxx, xxs not incurred any unusual or extraordinary loan losses. The allowance for loan losses reflected on the financial statements of The Park National Bank, Newark, Ohio, have been determined in accordance with generally accepted accounting principles and in accordance with all applicable regulations of all Bank Regulators and are adequate in all respects. Park has considered all potential losses known to Park to the best of its knowledge in establishing the current allowance for loan losses for The Park National Bank, Newark, Ohio, other than such losses that if incurred would not have a material adverse effect on Park or any Subsidiary of Park.
Loan Losses. Since September 30, 1999, UST and its Subsidiaries have not incurred any loan losses which are material to UST and its Subsidiaries on a consolidated basis; to the best knowledge of UST and in light of its historical loan loss experience and its management's analysis of the quality and performance of its loan portfolio, as of September 30, 1999, its reserve for loan losses was, in the opinion of UST, adequate to absorb inherent loan losses determined on the basis of management's continuing review and evaluation of the loan portfolio and its judgment as to the impact of economic conditions on the portfolio.
Loan Losses. The allowance for loan losses reflected in FNFG’s audited consolidated balance sheet at December 31, 2006 was, and the allowance for loan losses shown on the balance sheets in FNFG’s Securities Documents for periods ending after December 31, 2006 were adequate, as of the dates thereof, under GAAP.
