Common use of Asset Improvement Clause in Contracts

Asset Improvement. The Bank shall not, directly or indirectly, extend or renew any credit to or for the benefit of any borrower, including any related interest of the borrower, who is obligated to the Bank in any manner on any extension of credit or portion thereof that has been charged off by the Bank or classified, in whole or in part, “loss” in the report of the examination of the Bank that was commenced on April 27, 2009, by the Reserve Bank and the Tennessee Department of Financial Institutions (the “Report of Examination”) or in any subsequent report of examination, as long as such credit remains uncollected.

Asset Improvement. The Bank shall not, directly or indirectly, extend or renew any credit to or for the benefit of any borrower, including any related interest of the borrower, who is obligated to the Bank in any manner on any extension of credit or portion thereof that has been charged off by the Bank or classified, in whole or in part, “loss” in the report of the examination of the Bank that was commenced on April 27, 2009, conducted jointly by the Reserve Bank and the Tennessee Department of Financial Institutions that commenced on June 8, 2009 (the “Report of Examination”) or in any subsequent report of examination, as long as such credit remains uncollected.

Asset Improvement. The Bank shall not, directly or indirectly, extend or renew any credit to or for the benefit of any borrower, including any related interest of the borrower, who is obligated to the Bank in any manner on any extension of credit or portion thereof that has been charged off by the Bank or classified, in whole or in part, “"loss” " in the report of the examination of the Bank that was commenced on April 27, 2009, conducted jointly by the Reserve Bank and the Tennessee Department of Financial Institutions that commenced on June 8, 2009 (the “"Report of Examination”") or in any subsequent report of examination, as long as such credit remains uncollected.

Asset Improvement. The Bank shall not, directly or indirectly, extend or renew any credit to or for the benefit of any borrower, including any related interest of the borrower, who is obligated to the Bank in any manner on any extension of credit or portion thereof that has been charged off by the Bank or classified, in whole or in part, “loss” in the report of the examination of the Bank that was commenced on April 27, 2009, conducted by the Reserve Bank and the Tennessee Department of Financial Institutions Division and conveyed to Bancorp and the Bank on March 13, 2009 (the “Report of Examination”) or in any subsequent report of examination, as long as such credit remains uncollected.

Asset Improvement. The Bank shall not, directly or indirectly, extend or renew any credit to or for the benefit of any borrower, including any related interest of the borrower, who is obligated to the Bank in any manner on any extension of credit or portion thereof that has been charged off by the Bank or classified, in whole or in part, “loss” in the report of the examination of the Bank that was commenced on April 27, 2009, conducted by the Kansas Office of the State Commissioner and the Reserve Bank and the Tennessee Department of Financial Institutions that commenced on October 6, 2008 (the “Report of Examination”) or in any subsequent report of examination, as long as such credit remains uncollected.

Asset Improvement. The Bank shall not, directly or indirectly, extend or renew any credit to or for the benefit of any borrower, including any related interest of the borrower, who is obligated to the Bank in any manner on any extension of credit or portion thereof that has been charged off by the Bank or classified, in whole or in part, “loss” in the report of the examination of the Bank that was commenced on April 27, 2009, conducted jointly by the Division and the Reserve Bank and the Tennessee Department of Financial Institutions that commenced on March 9, 2009 (the [Page Break] “Report of Examination”) ), or in any subsequent report of examination, as long as such credit remains uncollected.