Loan Loss Reserves to Non-Performing Loans Ratio. With respect to the Consolidated Bank Subsidiaries, maintain as at the end of each Fiscal Quarter a ratio of Loan Loss Reserves to Non-Performing Loans of not less than 100%.
Loan Loss Reserves to Non-Performing Loans Ratio. Loan Loss Reserves (Subsidiary Bank) ___________ (a) Non-Performing Loans (Subsidiary Bank) ___________ (b) Loan Loss Reserves to Non-Performing Loans Ratio of any Subsidiary Bank [(a) / (b)](Minimum: 60%) [Repeat for each Subsidiary Bank] ____________% Loan Loss Reserves (Borrower on a consolidated basis with its Subsidiaries) ___________ (c)
Loan Loss Reserves to Non-Performing Loans Ratio. The Borrower will not permit its Loan Loss Reserves to Non-Performing Loans Ratio to be, at any time, less than 100% or, if higher, such other minimum Loan Loss Reserves to Non-Performing Loans Ratio required by the Superintendencia de Bancos e Instituciones Financieras at such time.
Loan Loss Reserves to Non-Performing Loans Ratio. The Borrower will not permit (a) the Loan Loss Reserves to Non-Performing Loans Ratio of any Subsidiary Bank (expressed as a percentage), as of the last day of each fiscal quarter ending (i) on and after June 30, 2016, to and including the fiscal quarter ending on March 31, 2019, to be less than 50.00%, and (ii) on and after June 30, 2019, to be less than 60.00%, and (b) the Loan Loss Reserves to Non-Performing Loans Ratio of the Borrower on a consolidated basis with its Subsidiaries (expressed as a percentage), as of the last day of each fiscal quarter ending (i) on and after June 30, 2016, to and including the fiscal quarter ending on March 31, 2019, to be less than 50.00%, and (ii) on and after June 30, 2019, to be less than 60.00%.
Loan Loss Reserves to Non-Performing Loans Ratio. The Borrower will not permit (a) the Loan Loss Reserves to Non-Performing Loans Ratio of any Subsidiary Bank (expressed as a percentage), as of the last day of each fiscal quarter ending on or after June 30, 2016, to be less than 50%, and (b) the Loan Loss Reserves to Non-Performing Loans Ratio of the Borrower on a consolidated basis with its Subsidiaries (expressed as a percentage), as of the last day of each fiscal quarter ending on or after June 30, 2016, to be less than 50%.
