Accruals for Loan Sample Clauses

Accruals for Loan. Loss Reserve, Expenses and Other Accounting Matters. CNB will make, or will cause Community to make, such appropriate accounting entries in its books and records and take such other actions as MFC, in its sole discretion, deems to be required by GAAP, or which MFC otherwise deems to be necessary, appropriate or desirable in anticipation of the Merger, including without limitation additional provisions to Community's Loan Loss Reserve or accruals or the creation of reserves for employee benefit and Merger-related expenses; provided, however, that notwithstanding any provision of this Agreement to the contrary, and except as otherwise agreed to by CNB and MFC, CNB shall not be required to make any such accounting entries until immediately prior to the Closing.

Accruals for Loan. Loss Reserve, Expenses and Other Accounting Matters. SFC and SNB will make such appropriate accounting entries in their books and records and take such other actions as FCB, in its sole discretion, deems to be required by GAAP, or which FCB otherwise reasonably deems to be necessary, appropriate or desirable in anticipation of the Merger and which are not in violation of GAAP or applicable law, including without limitation additional provisions to SNB’s or FFI’s Loan Loss Reserves or accruals or the creation of reserves for employee benefit and Merger-related expenses; provided, however, that notwithstanding any provision of this Agreement to the contrary, and except as otherwise agreed to by SFC and FCB, SFC and SNB shall not be required to make any such accounting entries until immediately prior to the Closing and only following receipt of written confirmation from FCB that it is not aware of any fact or circumstance that would prevent completion of the Merger; and, provided further, however, that no such entry made as a result of such a request by FCB shall, itself alone, constitute a breach by SFC or SNB of any representation, warranty or covenant made by them in this Agreement. (f) Loan Charge-Offs. SFC and SNB will make such appropriate accounting entries in their books and records and take such other actions which are not in violation of GAAP or applicable law as FCB reasonably deems to be necessary, appropriate or desirable to charge-off any Loans on SNB’s books, or any portions thereof, that FCB, in its sole discretion, considers to be losses or that FCB otherwise believes, in good faith, are required to be charged off pursuant to applicable banking regulations, GAAP or otherwise, or that otherwise would be charged off by FCB after the Effective Time in accordance with its Loan administration and charge-off policies and procedures; provided, however, that notwithstanding any provision of this Agreement to the contrary, and except as otherwise agreed to by SFC and FCB, SFC and SNB shall not be required to make any such accounting entries or take any such actions until immediately prior to the Closing and only following receipt of written confirmation from FCB that it is not aware of any fact or circumstance that would prevent completion of the Merger; and, provided further, however, that no such entry made as a result of such a request by FCB shall, itself alone, constitute a breach by SFC or SNB of any representation, warranty or covenant made by ...

Accruals for Loan. Loss Reserve, Expenses and Other Accounting Matters. The Company will make such appropriate accounting entries in its books and records, and take such other actions as the Parent and the Buyer deem to be required by GAAP or otherwise necessary, appropriate or desirable in anticipation of the Merger, including without limitation additional provisions to the Company's loan loss reserves or accruals or the creation of reserves for employee benefit and Merger-related expenses; provided, however, that notwithstanding any provision of this Agreement to the contrary, and except as otherwise agreed to by the Company, the Parent and the Buyer, the Company shall not be required to make any such accounting entries until immediately prior to the Closing; and provided, further, that any such entry made as a result of such a request shall not itself constitute a breach by the Company of any representation, warranty or covenant made by or required of it in this Agreement.