CRITICIZED ASSETS. (1) The Bank shall take immediate and continuing action to protect its interest in those assets criticized in the XXX, in any subsequent Report of Examination, by internal or external loan review, or in any list provided to management by the National Bank Examiners during any examination.
CRITICIZED ASSETS. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written program designed to eliminate the basis of criticism of assets criticized1 in the Report of Examination dated April 30, 2012 (“XXX”), in any subsequent Report of Examination, or by any internal or external loan review, or in any list provided to management by the Office of the Comptroller of the Currency (“OCC”) during any examination as "doubtful," "substandard," or "special mention." This program shall include, at a minimum:
CRITICIZED ASSETS. (1) The Association shall take immediate and continuing action to protect its interest in those assets criticized in the XXX, in any subsequent Report of Examination, by internal or external loan review, or in any list provided to management by the National Bank Examiners during any examination.
CRITICIZED ASSETS. (1) The Bank shall take immediate and continuing action to protect its interest in those assets criticized in any Report of Examination (“XXX”), by internal or external loan review, or in any list provided to management by the OCC during any examination. The term “criticized” as used in this Article refers to assets rated the equivalent of “doubtful,” “substandard,” or “special mention” as defined in the “Rating Credit Risk” booklet of the Comptroller’s Handbook.
CRITICIZED ASSETS. (1) Effective as of the date of this Agreement, the Board shall take any and all actions necessary to protect its interest in those assets criticized as “doubtful,” “substandard,” or “special mention” in the RXX, in any subsequent Report of Examination, by internal or external loan review, or in any list provided to management by the National Bank Examiners during any examination.
CRITICIZED ASSETS. (1) The Bank shall take timely action to protect its interest in those assets criticized (those listed as "special mention," "substandard," or "doubtful") in the XXX, in any subsequent XXX, by internal or external loan review, or in any list provided to management by the National Bank Examiners during any examination.
CRITICIZED ASSETS. (1) Within sixty (60) days of the Effective Date of this Agreement the Board shall adopt and the Bank (subject to Board review and ongoing monitoring) shall implement and thereafter ensure adherence to a written program designed to protect the Bank’s interest in those assets criticized in the most recent Report of Examination (“XXX”), in any subsequent XXX, by any internal or external loan review, or in any list provided to management by the National Bank Examiners during any examination as “doubtful,” “substandard,” or “special mention.” The program shall include the development of Criticized Asset Reports (“CARs”) identifying all credit relationships and other assets totaling in aggregate one million five hundred thousand dollars ($1,500,000) or more, criticized as “doubtful,” “substandard,” or “special mention.” The CARs must be updated and submitted to the Board and the Assistant Deputy Comptroller quarterly. Each CAR shall cover an entire credit relationship and include, at a minimum, analysis and documentation of the following:
CRITICIZED ASSETS. The total amount of (i) criticized assets of Colonial Bank (which, for purposes of this Agreement, shall be those assets with risk ratings of 6 or higher, as calculated in accordance with Colonial Bank’s current practice as of the date of this Agreement), and (ii) OREO of Colonial Bank, does not exceed $30.0 million as of the last day of the month prior to the Closing Date. Colonial Financial will furnish Cape Bancorp with such certificates of its officers or others and such other documents to evidence fulfillment of the conditions set forth in this Section 9.2 as Cape Bancorp may reasonably request.
CRITICIZED ASSETS. (1) The Board shall take timely and continuing action to protect the bank’s interest in those assets criticized in the XXX, in any subsequent Report of Examination, by internal or external loan review, or in any list provided to management by the National Bank Examiners during any examination.
CRITICIZED ASSETS. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written program designed to eliminate the basis of criticism of assets criticized in the most recent Report of Examination ("XXX"), in any subsequent XXX, by any internal or external loan review, or in any list provided to management by the National Bank Examiners during any examination, as "doubtful," "substandard," or "special mention." The program shall: (i) include sufficient staff having the qualifications, skills, and experience to effectively manage and resolve problem assets, who will be held accountable by the Bank's Board to successfully execute their assigned duties; (ii) include adequate management information systems to measure the status of workout plans on each problem asset; and (iii) include the development of Criticized Asset Reports ("CARs") identifying all credit relationships and other assets totaling in aggregate one million dollars ($1,000,000) or more, criticized as "doubtful," "substandard," or "special mention." The CARs must be updated quarterly with reporting to the Board and the Directors at least quarterly. Each CAR shall cover an entire credit relationship and include, at a minimum, analysis and documentation of the following:
