INTERNAL CREDIT RISK RATING SYSTEM Sample Clauses

INTERNAL CREDIT RISK RATING SYSTEM. (1) Within sixty (60) days, the Board shall develop, implement, and thereafter ensure Bank adherence to an effective and on-going internal loan and lease risk rating system that accurately identifies, categorizes, and reports problem loans and leases. The system shall use a loan and lease grading process consistent with the guidelines set forth in the Rating Credit Risk booklet, A-RCR, of the Comptroller’s Handbook. The system shall provide for the submission of a monthly written report to the Board detailing, at a minimum: (a) the identification, type, rating, amount, of problem loans and leases and name of the loan officer originating the problem loan or lease; (b) the identification of credit and collateral documentation exceptions and the name of the loan officer originating the loan or lease with the credit or collateral documentation exception; (c) the identification of all loans and leases not in conformance with the Bank’s lending and leasing policies and the name of the loan officer originating the loan or lease not in conformance; and (d) the identification and status of credit related violations of law, rule or regulation. (2) The Board shall submit a copy of the Bank’s internal loan and lease risk rating system to the Assistant Deputy Comptroller for his prior determination of no supervisory objection. (3) The Board shall evaluate each internal loan and lease risk rating report it receives pursuant to paragraph (1) of this Article and shall ensure that immediate, adequate, and continuing remedial action is taken, if appropriate, upon all findings noted in the report. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the system developed pursuant to this Article.
Sample 1
INTERNAL CREDIT RISK RATING SYSTEM. (1) By December 31, 2007, the Board shall develop, implement, and thereafter ensure Bank adherence to an on-going internal loan and lease risk rating system that accurately and timely identifies and categorizes problem loans and leases. The system shall use a loan and lease grading process consistent with the guidelines set forth in the Rating Credit Risk booklet, A- RCR, of the Comptroller’s Handbook. The system shall provide for a monthly written report to the Board detailing loan and lease risk ratings, and total for each category in a dollar and percent of capital format. (2) The Board shall submit a copy of the bank’s internal loan and lease risk rating system to the Assistant Deputy Comptroller for his prior determination of no objection. Provided that the Board has submitted the risk rating system to the Assistant Deputy Comptroller on or before December 31, 2007 and is not advised in writing of any objection to the rating system within 30 days of such submission, the Board and the Bank shall be deemed to be in compliance with the requirements of this paragraph. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.
Sample 1
INTERNAL CREDIT RISK RATING SYSTEM. (1) Within forty-five (45) days, the Board shall re-develop, re-implement, and thereafter ensure Bank adherence to an effective and on-going internal loan and lease risk rating system that accurately identifies, categorizes, and reports problem loans and leases. The system shall use a loan and lease grading process consistent with the guidelines set forth in the Rating Credit Risk booklet, A-RCR, of the Comptroller’s Handbook. The system shall provide for the submission of a monthly written report to the Board detailing, at a minimum: (a) the identification, type, rating, and amount of problem loans and leases and the name of the loan officer originating the problem loan or lease; (b) the identification and amount of delinquent loans and lease losses and the name of the loan officer originating the delinquent loan or lease; (c) the identification of credit and collateral documentation exceptions and the name of the loan officer originating the loan or lease with the credit or collateral documentation exception; (d) the identification of all loans and leases not in conformance with the Bank’s lending and leasing policies and the name of the loan officer originating the loan or lease not in conformance; (e) the identification of all loans and leases where exceptions were granted under the Bank’s lending and leasing policies; (f) concentrations of credit; and (g) the identification and status of credit related violations of law, rule or regulation. (2) The Board shall evaluate each internal loan and lease review report it receives pursuant to paragraph (1) of this Article and shall ensure that immediate, adequate, and continuing remedial action is taken, if appropriate, upon all findings noted in the report.
Sample 1
INTERNAL CREDIT RISK RATING SYSTEM. (1) Within one hundred and twenty (120) days, the Board shall develop, implement, and thereafter ensure Bank adherence to an on-going internal loan and lease risk rating system that accurately and timely identifies and categorizes problem loans and leases. The system shall use a loan and lease grading process consistent with the guidelines set forth in the Rating Credit Risk booklet, A-RCR, of the Comptroller’s Handbook. The system shall provide for a monthly written report to the Board detailing loan and lease risk ratings, and total for each category in a dollar and percent of capital format. (2) The Board shall submit a copy of the bank’s internal loan and lease risk rating system to the Assistant Deputy Comptroller for her prior determination of no objection. Provided that the Board has submitted the risk rating system to the Assistant Deputy Comptroller within one hundred and twenty (120) days and is not advised in writing of any objection to the rating system within thirty (30) days of such submission, the Board and the Bank shall be deemed to be in compliance with the requirements of this paragraph.
Sample 1

Related to INTERNAL CREDIT RISK RATING SYSTEM

  • Credit Rating With respect to the Competitive Supplier or Competitive Supplier’s Guarantor, its senior unsecured, unsubordinated long-term debt rating, not supported by third party credit enhancement, and if such debt is no longer rated, then the corporate or long-term issuer rating of Competitive Supplier or Competitive Supplier’s Guarantor.

  • Credit Ratings Use commercially reasonable efforts to maintain at all times (a) a credit rating by each of S&P and Xxxxx’x in respect of the Term Facility and (b) a public corporate rating by S&P and a public corporate family rating by Xxxxx’x for the Borrower, in each case with no requirement to maintain any specific minimum rating.

  • Liquidity Risk Measurement Services Not Applicable.

  • Ratings No “nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436(g)(2) (i) has imposed (or has informed the Company that it is considering imposing) any condition (financial or otherwise) on the Company’s retaining any rating assigned to the Company or any securities of the Company or (ii) has indicated to the Company that it is considering any of the actions described in Section 7(c)(ii) hereof.

  • Moody’s Xxxxx’x Investors Service, Inc. and its successors.

  • Required Ratings The Offered Certificates shall have received Required Ratings of at least [ ] from [ ].

  • Removal of the Credit Risk Manager The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than 66 2/3% of the Voting Rights in the Trust Fund, in the exercise of its or their sole discretion. The Certificateholders shall provide written notice of the Credit Risk Manager’s removal to the Trust Administrator. Upon receipt of such notice, the Trust Administrator shall provide written notice to the Credit Risk Manager of its removal, which shall be effective upon receipt of such notice by the Credit Risk Manager.

  • Failure to Maintain Financial Viability The System Agency may terminate the Grant Agreement if the System Agency, in its sole discretion, determines that Grantee no longer maintains the financial viability required to complete the services and deliverables, or otherwise fully perform its responsibilities under the Grant Agreement.

  • Rating The Notes can be issued without the requirement that they have any rating from a nationally recognized statistical rating organization.

  • Duties of the Credit Risk Manager For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Charges with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided to the Credit Risk Manager pursuant to the Credit Risk Management Agreements, and the Credit Risk Manager shall look solely to the Servicer and/or Master Servicer for all information and data (including loss and delinquency information and data) relating to the servicing of the related Mortgage Loans. Upon any termination of the Credit Risk Manager or the appointment of a successor Credit Risk Manager, the Depositor shall give written notice thereof to the Servicer, the Master Servicer, the Securities Administrator, the Trustee, and each Rating Agency. Notwithstanding the foregoing, the termination of the Credit Risk Manager pursuant to this Section shall not become effective until the appointment of a successor Credit Risk Manager.