Allowance for Loan Losses. The allowance for loan losses reflected, and to be reflected, in the Sovereign Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Appears in 6 contracts
Samples: Merger Agreement (Sovereign Bancorp Inc), Merger Agreement (First Essex Bancorp Inc), Merger Agreement (Sovereign Bancorp Inc)
Allowance for Loan Losses. The allowance for loan losses reflected, and to be reflected, in the Sovereign Regulatory ReportsReports each has been, and will be, established in accordance with the requirements of all applicable regulatory criteria, and the allowance for loan losses, shown, and to be shown, on the balance sheets contained in the Sovereign Financials have been, and will be, established in accordance compliance with the applicable requirements of GAAP and all applicable regulatory criteriaGAAP.
Appears in 2 contracts
Samples: Merger Agreement (Sovereign Bancorp Inc), Merger Agreement (Sovereign Bancorp Inc)
Allowance for Loan Losses. The allowance for loan losses reflected, and to be reflected, in the Sovereign FLC Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign FLC Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Appears in 2 contracts
Samples: Agreement and Plan of Consolidation (Patriot Bank Corp), Consolidation Agreement (First Lehigh Corp)
Allowance for Loan Losses. The allowance for loan losses reflected, and to be reflected, in the Sovereign ML Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign ML Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Appears in 2 contracts
Samples: Merger Agreement (Sovereign Bancorp Inc), Merger Agreement (Ml Bancorp Inc)
Allowance for Loan Losses. The allowance for loan losses reflected, and to be reflected, in the Sovereign Regulatory ReportsAcquiror's reports referred to in Section 4.6(b) hereof, and shown, and to be shown, on the balance sheets contained in the Sovereign Financials Acquiror Financial Statements have been, and will be, established in accordance with the requirements of of, and was and will be adequate under, GAAP and all applicable regulatory criteria.
Appears in 2 contracts
Samples: Merger Agreement (Tappan Zee Financial Inc), Merger Agreement (Usb Holding Co Inc)
Allowance for Loan Losses. The allowance for loan ------------------------- losses reflected, and to be reflected, in the Sovereign Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Appears in 1 contract
Allowance for Loan Losses. The allowance for loan losses ------------------------- reflected, and to be reflected, in the Sovereign Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Appears in 1 contract
Allowance for Loan Losses. The allowance allowances for loan losses reflected, and to be reflected, in the Sovereign Peoples Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the Sovereign Peoples Financials have been, and will bebe adequate as of the respective dates, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Appears in 1 contract
