Allowance for Losses. The allowance for loan losses reflected, and to be reflected, in the Company Regulatory Reports each has been, and will be, established in compliance 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 Company Financials have been, and will be, established in compliance with the applicable requirements of GAAP.
Appears in 3 contracts
Samples: Investment Agreement (Banco Santander Central Hispano Sa), Investment Agreement (Banco Santander Central Hispano Sa), Investment Agreement (Sovereign Bancorp Inc)
Allowance for Losses. The allowance for loan losses reflected, and to be reflected, in the Company Regulatory Reports each has been, and will be, established in compliance 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 Company Financials Qualifying SEC Reports have been, and will be, established in compliance with the applicable requirements of GAAP.
Appears in 2 contracts
Samples: Transaction Agreement (Sovereign Bancorp Inc), Shareholder Agreement (Banco Santander, S.A.)
Allowance for Losses. The allowance for loan losses reflected, and to be reflected, in the Company Waypoint Regulatory Reports each has been, and will be, established in compliance 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 Company Waypoint Financials have been, and will be, established in compliance with the applicable requirements of GAAP.
Appears in 1 contract
