Loan Loss Reserves means funds held by the Seller to cover potential losses in connection with the mortgage loans owned in the Seller’s portfolio, including without limitation any amounts required to be maintained and held as a loan loss reserve in accordance with GAAP and any other regulatory requirement applicable to the Seller.
Loan Loss Reserves means the use of Bond Loan proceeds (secured by a Principal Loss Collateral Provision) for a set aside in the form of cash reserves that serve as a safeguard to protect the Eligible CDFI against future losses for any loans for community or economic development purposes described in 12U.S.C. 4707 (b), including community or economic development purposes in Low-Income Areas or Underserved Rural Areas, within the Eligible CDFI’s portfolio;
Loan Loss Reserves means funds that the Applicant or Awardee will set aside in the form of cash reserves, or through accounting-based accrual re- serves, to cover losses on loans, ac- counts, and notes receivable, or for re- lated purposes that the CDFI Fund deems appropriate;
Examples of Loan Loss Reserves in a sentence
With respect to the Consolidated Bank Subsidiaries, maintain as at the end of each Fiscal Quarter a ratio of Loan Loss Reserves to Non-Performing Loans of not less than 100%.
More Definitions of Loan Loss Reserves
Loan Loss Reserves means an amount equivalent to one-twelfth (1/12) of one quarter percent (.25%) of the outstanding Unpaid Principal Balance of all loans as of the last date of each month which may be reserved by the Manager in Manager’s discretion.
Loan Loss Reserves means, with respect to any Bank Subsidiary as at any date of determination, the loan loss reserves of such Bank Subsidiary and its consolidated Subsidiaries on a consolidated basis as of such date.
Loan Loss Reserves means funds that the Applicant or Awardee will set aside in the form of cash reserves, or through accounting-based accrual reserves, to cover losses on loans, accounts, and notes receivable, or for related purposes that the CDFI Fund deems appropriate;
Loan Loss Reserves means funds held by Seller to cover potential losses in connection with the mortgage loans owned in Seller’s portfolio, including without limitation any amounts required to be maintained and held as a loan loss reserve in accordance with GAAP and any other regulatory requirement applicable to Seller.
Loan Loss Reserves means, with respect to the Company and each Bank Subsidiary, the loan loss reserve as determined with respect to the Company and each Bank Subsidiary and prepared in accordance with GAAP.
Loan Loss Reserves. With respect to any Person, the loan loss reserve of such Person, as reported in the most recent call reports of such Person.
Loan Loss Reserves means the total reserve established to cover potential losses in the Issuer’s outstanding loans or other credit facilities.