Allowance for Loan Losses. The allowance for loan losses shown in the Borrower Financial Statements has been established in a manner consistent with past practices and in accordance with applicable regulatory guidelines and, to the best of Borrower’s knowledge, is adequate in all respects to provide for losses, net of recoveries relating to loans previously charged off, on loans and leases outstanding as of the date of such statements or reports.
Appears in 3 contracts
Samples: Subordinated Note Purchase Agreement (People's United Financial, Inc.), Subordinated Note Purchase Agreement (Sterling Bancshares Inc), Subordinated Note Purchase Agreement (LSB Corp)
Allowance for Loan Losses. The allowance for loan losses shown in the Borrower Financial Statements has been established in a manner consistent with past practices and in accordance with applicable regulatory guidelines and, to the best of Borrower’s knowledge, is adequate in all material respects in accordance with GAAP to provide for losses, net of recoveries relating to loans previously charged off, on loans and leases covered loans outstanding as of the date of such statements or reports.
Appears in 2 contracts
Samples: Loan Agreement (First Midwest Bancorp Inc), Loan Agreement (First Midwest Bancorp Inc)
Allowance for Loan Losses. The allowance for loan and lease losses shown in the Borrower Financial Statements has been established in a manner consistent with past practices and in accordance with applicable regulatory guidelines and, to the best of Borrower’s knowledge, is adequate in all respects to provide for losses, net of recoveries relating to loans previously charged off, on loans and leases outstanding as of the date of such statements or reports.
Appears in 2 contracts
Samples: Subordinated Debenture Purchase Agreement (Park National Corp /Oh/), Subordinated Debenture (Ucbh Holdings Inc)
Allowance for Loan Losses. The allowance for loan losses of Bank shown in the Borrower Financial Statements has been established in a manner consistent with past practices and in accordance with applicable regulatory guidelines and, to the best of Borrower’s knowledgeKnowledge, is adequate in all material respects to provide for losses, net of recoveries relating to loans previously charged off, on loans and leases outstanding as of the date of such statements or reports.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Enterprise Bancorp Inc /Ma/)
Allowance for Loan Losses. The allowance for loan losses shown in the Borrower Financial Statements financial statements of Company has been established in a manner consistent with past practices and in accordance with applicable regulatory guidelines and, to the best of BorrowerCompany’s knowledge, is adequate in all respects to provide for losses, net of recoveries relating to loans previously charged off, on loans and leases outstanding as of the date of such statements or reports.. M.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Camden National Corp)
Allowance for Loan Losses. The allowance for loan losses shown in the Borrower Financial Statements has been established in a manner consistent with past practices and in accordance with applicable regulatory guidelines and, to the best of Borrower’s knowledge, is are adequate in all respects to provide for losses, net of recoveries relating to loans previously charged off, on loans and leases outstanding as of the date of such statements or reports.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (East West Bancorp Inc)
Allowance for Loan Losses. The allowance for loan losses shown in the Borrower Financial Statements financial statements of Company has been established in a manner consistent with past practices and in accordance with applicable regulatory guidelines and, to the best of BorrowerCompany’s knowledge, is adequate in all respects to provide for losses, net of recoveries relating to loans previously charged off, on loans and leases outstanding as of the date of such statements or reportsstatements.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Blue Ridge Bankshares, Inc.)
Allowance for Loan Losses. The allowance for loan losses shown in the Borrower Financial Statements financial statements of Company has been established in a manner consistent with past practices and in accordance with applicable regulatory guidelines and, to the best of BorrowerCompany’s knowledge, is adequate in all respects to provide for losses, net of recoveries relating to loans previously charged off, on loans and leases outstanding as of the date of such statements or reports.
Appears in 1 contract
Samples: Subordinated Note Purchase Agreement (Salisbury Bancorp Inc)
