Common use of Asset Quality Clause in Contracts

Asset Quality. The ratio of loans 90 days past due + non accrual loans plus other real estate owned divided by net loans plus other real estate owned for each Bank shall not exceed one and five tenths percent (1.5%).

Appears in 2 contracts

Samples: Revolving Credit/Term Loan Agreement (Community Bankshares Inc /Ga/), Revolving Credit/Term Loan Agreement (Community Bankshares Inc /Ga/)

AutoNDA by SimpleDocs

Asset Quality. The ratio of loans 90 days past due + non accrual loans plus other real estate owned divided by net loans plus other real estate owned for each Bank shall not exceed one and five tenths four percent (1.54%).

Appears in 1 contract

Samples: Revolving Credit/Term Loan Agreement (Community Bankshares Inc /Ga/)

AutoNDA by SimpleDocs

Asset Quality. The ratio of loans 90 days past due + non accrual loans plus other real estate owned divided by net loans plus other real estate owned for each Bank shall not exceed one and five tenths two percent (1.52.0%).

Appears in 1 contract

Samples: Term Loan Agreement (Citizens Bancshares Corp /Ga/)

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