Common use of Asset Classification Clause in Contracts

Asset Classification. Set forth in Schedule 3.23 is a list, accurate and complete in all material respects, of the aggregate amounts of loans, extensions of credit or other assets of AFC and AB that have been classified by it as of December 31, 1999 (the "Asset Classification"); and no amounts of loans, extensions of credit or other assets that have been classified as of December 31, 1999 by any regulatory examiner as "Other Loans Specially Mentioned", "Substandard", "Doubtful", "Loss", or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts of loans, extensions of credit or other assets that were charged off by AFC or AB prior to December 31, 1999.

Appears in 2 contracts

Samples: Reorganization Agreement (Anchor Financial Corp), Reorganization Agreement (Carolina First Corp)

AutoNDA by SimpleDocs

Asset Classification. Set forth in Schedule 3.23 is a list, accurate and complete in all material respects, of the aggregate amounts of loans, extensions of credit or other assets of AFC FSFC and AB FFA that have been classified by it as of December March 31, 1999 1997 (the "Asset Classification"); and no amounts of loans, extensions of credit or other assets that have been classified as of December March 31, 1999 1997 by any regulatory examiner as "Other Loans Specially Mentioned", "Substandard", "Doubtful", "Loss", or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts of loans, extensions of credit or other assets that were charged off by AFC FSFC or AB FFA prior to December March 31, 19991997.

Appears in 1 contract

Samples: Reorganization Agreement (Carolina First Corp)

AutoNDA by SimpleDocs

Asset Classification. Set forth in on Schedule 3.23 is a list, accurate and complete in all material respects, of the aggregate amounts of loans, extensions of credit or and other assets of AFC and AB Citrus that have been classified by it as of December 31, 1999 1998 (the "Asset Classification"); and no amounts of loans, extensions of credit or other assets that have been classified as of December 31, 1999 1998 by any regulatory examiner as "Other Loans Specially Mentioned", ," "Substandard", ," "Doubtful", ," "Loss", ," or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts of loans, extensions of credit or other assets that were charged off by AFC or AB Citrus prior to December 31, 19991998.

Appears in 1 contract

Samples: Reorganization Agreement (Carolina First Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!