Common use of Allowance for Loan Losses Clause in Contracts

Allowance for Loan Losses. The allowance for loan losses reflected on the Sky Financial Statements, as of their respective dates, is adequate in all material respects under the requirements of GAAP and applicable regulatory requirements and guidelines to provide for reasonably anticipated losses on outstanding Loans, net of recoveries.

Allowance for Loan Losses. The allowance for loan losses reflected on the Sky Sky's Financial Statements, as of their respective dates, is adequate in all material respects under the requirements of GAAP and applicable regulatory requirements and guidelines generally accepted accounting principles to provide for reasonably anticipated losses on outstanding Loans, net of recoveriesloans.

Allowance for Loan Losses. The allowance for loan losses reflected on the Sky Sky's Financial Statements, as of their respective dates, is adequate in all material respects under the requirements of GAAP and applicable regulatory requirements and guidelines to provide for reasonably anticipated losses on outstanding Loans, net of recoveriesloans.