Classified Loans. The Company shall promptly after the end of each quarter after the date hereof and upon Closing provide Buyer with a complete and accurate list, including the amount, of all Classified Loans.
Classified Loans. Except as disclosed in the FNB Disclosure Schedule, as of the date of this Agreement, there are no loans presently owned by FNBNC that have been classified by FNBNC’s management or FNBNC internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as “Non-Accrual,” “Watch,” “Other Assets Specially Mentioned,” “Substandard,” “Doubtful,” or “Loss” or classified using categories or words with similar import and all loans or portions thereof so classified have been reserved to the extent required. FNBNC regularly reviews and appropriately classifies its loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of FNBNC are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed in the FNB Disclosure Schedule or reserved for in the unaudited balance sheet of FNBNC as of the end of the most recent fiscal quarter, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. FNBNC does not have any extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of FNBNC.
Classified Loans. Except as previously disclosed to BNKA in writing, there are no loans presently owned by AMRB that have been classified by AMRB's management or AMRB internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "Non-Accrual," "Watch," "Other Assets Specially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories or words with similar import and all loans or portions thereof so classified have been reserved to the extent required. AMRB regularly reviews and appropriately classifies its loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to BNKA in writing or reserved for in the unaudited balance sheet of AMRB as of March 31, 2004, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB has no extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRB.
Classified Loans. Except as set forth on Exhibit 24, no Mortgage Loan is a "criticized" or "special credit" asset.
Classified Loans. The Company has identified to Acquiror in writing prior to the date hereof all non-residential loans, leases, advances, credit enhancements, other extensions of credit, commitments and interest bearing assets of the Company and its Subsidiaries with a current contractual balance in excess of $500,000 (with respect to commercial loans) and $750,000 (with respect to multi-family loans) that, as of June 30, 1996 have been criticized or classified by it or any bank examiner as "Other Loans Specially Mentioned", "Special Mention", "Substandard", "Doubtful", "Loss", "Classified", "Criticized", "Credit Risk Assets", "Concerned Loans" or words of similar import. The company and its subsidiaries shall, promptly after the end of any quarter following the date of this Plan, inform the Acquiror of any commercial or multifamily loan of the Company or any of its Subsidiaries with a current contractual balance amount in excess of $500,000 or $750,000, respectively, that becomes classified or criticized in a manner described in the previous sentence or any non-residential loan disclosed to Acquiror pursuant to the previous sentence the categorization of which shall have changed, and also shall provide Acquiror with a quarterly schedule or report indicating, by category, the aggregate amounts of all loans of the Company and its subsidiaries so classified or criticized.
Classified Loans. Except as previously disclosed to SRNB in writing, there are no loans presently owned by NVBancorp that have been classified by NVBancorp management or NVBancorp internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "Non- Accrual," "Watch," "Other Assets Specially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories or words with similar import and all loans or portions thereof so classified have been reserved to the extent required. NVBancorp regularly reviews and appropriately classifies its loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of NVBancorp are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to SRNB in writing or reserved for in the unaudited balance sheet of NVBancorp as of June 30, 1999, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. NVBancorp has no extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of NVBancorp.
Classified Loans. Except as disclosed in Section 4(p) of the Redwood Empire Disclosure Schedule, there are no loans presently owned by Redwood Empire or any of its subsidiaries that have been classified by any bank examiner, outside loan reviewer, accountant or management as "Other Loans Especially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories with similar import and all loans or portions thereof classified "Loss" have been charged off. Notwithstanding the above, Redwood Empire shall not be under any obligation to disclose to Westamerica any such classification by any bank examiner where such disclosure would violate any obligation of confidentiality of Redwood Empire imposed by the FDIC, the OCC or other regulator. Redwood Empire and its subsidiaries regularly review and appropriately classify loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of Redwood Empire and its subsidiaries are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed in Section 4(p) of the Redwood Empire Disclosure Schedule or reserved for in the unaudited consolidated balance sheet of Redwood Empire as of March 31, 2004, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. Redwood Empire and its subsidiaries have no extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of Redwood Empire.
Classified Loans. 24 (m) Restrictions on Investments..............................................25 (n) Employment Contracts and Benefits........................................25 (o) Collective Bargaining and Employment Agreements..........................26 (p) Compensation of Officers and Employees...................................27 (q) Legal Actions and Proceedings............................................27 (r) Execution and Delivery of the Agreement..................................27 (s) Insurance................................................................28 (t)
Classified Loans. 34 (s) Loan Loss Reserve........................................................35 (t)
Classified Loans. Except as disclosed to PACIFIC in the BANCORP Disclosure Statement, there are no loans presently owned by BANCORP that have been classified by any BANCORP examiner, outside loan reviewer, accountant or the management of BANCORP as "Other Loans Especially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories with similar import and all loans or portions thereof classified "Loss" have been charged off. Notwithstanding the above, BANCORP shall be under no obligation to disclose to PACIFIC any such classification by any
