Common use of List of Nonperforming Assets Clause in Contracts

List of Nonperforming Assets. Innes Street shall provide Xxxxxx Bancorp, within ten (10) days of the end of each calendar month, a written list of nonperforming assets (the term "nonperforming assets," for purposes of this Section 5.10(a)(v), means (i) loans that are "Troubled debt restructurings" as defined in Statement of Financial Accounting Standards No. 15, "Accounting by Debtors and Creditors for Troubled Debt Restructuring," (ii) loans on nonaccrual, (iii) real estate owned, (iv) all loans ninety (90) days or more past due as of the end of such month and (iv) impaired loans;

Appears in 2 contracts

Samples: Merger Agreement (Innes Street Financial Corp), Merger Agreement (Innes Street Financial Corp)

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List of Nonperforming Assets. Innes Street WEST ESSEX Bank shall provide Xxxxxx BancorpBank, within ten (10) days of the end of each calendar month, a written list of nonperforming assets (the term "nonperforming assets," for purposes of this Section 5.10(a)(v)subsection, means (i) loans that are "Troubled troubled debt restructuringsrestructuring" as defined in Statement of Financial Accounting Standards No. 15, "Accounting by Debtors and Creditors for Troubled Debt Restructuring," (ii) loans on nonaccrual, (iii) real estate owned, (iv) all loans ninety (90) days or more past due as of the end of such month and (ivv) and impaired loans;; and

Appears in 1 contract

Samples: Merger Agreement (West Essex Bancorp Inc)

List of Nonperforming Assets. Innes Street Prestige Bancorp shall provide Xxxxxx Northwest Bancorp, within ten (10) days of the end of each calendar month, a written list of nonperforming assets (the term "nonperforming assets," for purposes of this Section 5.10(a)(v), means (i) loans that are "Troubled debt restructurings" as defined in Statement of Financial Accounting Standards No. 15, "Accounting by Debtors and Creditors for Troubled Debt Restructuring," (ii) loans on nonaccrual, (iii) real estate owned, (iv) all loans ninety (90) days or more past due as of the end of such month and (iv) impaired loans;

Appears in 1 contract

Samples: Merger Agreement (Prestige Bancorp Inc)

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List of Nonperforming Assets. Innes Street shall provide Xxxxxx Gxxxxx Bancorp, within ten (10) days of the end of each calendar month, a written list of nonperforming assets (the term "nonperforming assets," for purposes of this Section 5.10(a)(v), means (i) loans that are "Troubled debt restructurings" as defined in Statement of Financial Accounting Standards No. 15, "Accounting by Debtors and Creditors for Troubled Debt Restructuring," (ii) loans on nonaccrual, (iii) real estate owned, (iv) all loans ninety (90) days or more past due as of the end of such month and (iv) impaired loans;

Appears in 1 contract

Samples: Merger Agreement (Gaston Federal Bancorp Inc)

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