Common use of Loan Matters Clause in Contracts

Loan Matters. (a) Neither Southwest nor any of its Subsidiaries is a party to any written or oral Loan in which Southwest or any Southwest Subsidiary is a creditor which as of September 30, 2016, had an outstanding balance of $50,000 or more and under the terms of which the obligor was, as of November 30, 2016, over 90 days or more delinquent in payment of principal or interest. Except as such disclosure may be limited by any applicable Law, Section 4.29(a) of Southwest’s Disclosure Memorandum sets forth a true, correct and complete list of all of the Loans of Southwest and its Subsidiaries that, (A) as of September 30, 2016 had an outstanding balance of $50,000 or more and were (1) on non-accrual status or (2) classified by Southwest as “Other Loans Specially Mentioned,” “Special Mention,” “Substandard,” “Doubtful,” “Loss,” “Classified,” “Criticized,” “Credit Risk Assets,” “Concerned Loans,” “Watch List” or words of similar import, together with the principal amount of and accrued and unpaid interest on each such Loan and the aggregate principal amount of and accrued and unpaid interest on such Loans as of such date, and (B) at any point since December 31, 2012, constituted a “Troubled Debt Restructuring,” as defined in the Accounting Standards Codification Subtopic 310-40.

Loan Matters. (a) Neither Southwest nor Except as such disclosure may be limited by any applicable Law, Section 4.30(a) of its Subsidiaries is Malvern’s Disclosure Memorandum sets forth a party to true, correct and complete list of (i) any written or oral Loan Loans in which Southwest Malvern or any Southwest Malvern Subsidiary is a creditor which as of September 30, 20162022, had an outstanding balance of $50,000 100,000 or more and under the terms of which the obligor was, as of November September 30, 20162022, over 90 days or more delinquent in payment of principal or interest. Except as such disclosure may be limited by any applicable Law, Section 4.29(a(ii) of Southwest’s Disclosure Memorandum sets forth a true, correct and complete list of all of the Loans of Southwest Malvern and its Subsidiaries that, (A) as of September 30, 2016 2022 had an outstanding balance of $50,000 100,000 or more and were (1) on non-accrual status or (2) classified by Southwest Malvern as “Other Loans Specially Mentioned,” “Special Mention,” “Substandard,” “Doubtful,” “Loss,” “Classified,” “Criticized,” “Credit Risk Assets,” “Concerned Loans,” “Watch List” or words of similar import, together with the principal amount of and accrued and unpaid interest on each such Loan and the aggregate principal amount of and accrued and unpaid interest on such Loans as of such date, and (B) at any point since December 31, 2012, constituted a “Troubled Debt Restructuring,” as defined in the Accounting Standards Codification Subtopic 310-40.

Loan Matters. (a) Neither Southwest IAB nor any of its Subsidiaries is a party to any written or oral Loan in which Southwest IAB or any Southwest IAB Subsidiary is a creditor which as of September 30December 31, 2016, had an outstanding balance of $50,000 100,000 or more and under the terms of which the obligor was, as of November 30December 31, 2016, over 90 days or more delinquent in payment of principal or interest. Except as such disclosure may be limited by any applicable Law, Section 4.29(a4.28(a) of Southwest’s the IAB Disclosure Memorandum sets forth a true, correct and complete list of all of the Loans of Southwest IAB and its Subsidiaries that, (A) as of September 30December 31, 2016 had an outstanding balance of $50,000 100,000 or more and were (1) on non-accrual status or (2) classified by Southwest IAB as “"Other Loans Specially Mentioned,” “" "Special Mention,” “" "Substandard,” “" "Doubtful,” “" "Loss,” “" "Classified,” “" "Criticized,” “" "Credit Risk Assets,” “" "Concerned Loans,” “" "Watch List” " or words of similar import, together with the principal amount of and accrued and unpaid interest on each such Loan and the aggregate principal amount of and accrued and unpaid interest on such Loans as of such date, and (B) at any point since December 31, 2012, constituted a “Troubled Debt Restructuring,” as defined in the Accounting Standards Codification Subtopic 310-40.

Loan Matters. (a) Neither Southwest Target nor any of its Subsidiaries is a party to any written or oral Loan in which Southwest Target or any Southwest Target Subsidiary is a creditor which as of September 30, 2016, had an outstanding balance of $50,000 or more and under the terms of which the obligor was, as of November 30October 31, 2016, over 90 days or more delinquent in payment of principal or interest. Except as such disclosure may be limited by any applicable Law, Section 4.29(a) of SouthwestTarget’s Disclosure Memorandum sets forth a true, correct and complete list of (i) all of the Loans of Southwest Target and its Subsidiaries that, (A) as of September 30, 2016 had an outstanding balance of $50,000 or more and were (1) on non-accrual status or (2) classified by Southwest Target as “Other Loans Specially Mentioned,” “Special Mention,” “Substandard,” “Doubtful,” “Loss,” “Classified,” “Criticized,” “Credit Risk Assets,” “Concerned Loans,” “Watch List” or words of similar import, together with the principal amount of and accrued and unpaid interest on each such Loan and the aggregate principal amount of and accrued and unpaid interest on such Loans as of such date, and (B) with respect to which, at any point since December 31, 2012, constituted a “Troubled Debt Restructuring,” as defined in the Accounting Standards Codification Subtopic 310-40.

Loan Matters. (a) Neither Southwest Reliance nor any of its Subsidiaries is a party to any written or oral Loan in which Southwest Reliance or any Southwest Reliance Subsidiary is a creditor which as of September 30, 20162018, had an outstanding balance of $50,000 or more and under the terms of which the obligor was, as of November 30October 31, 20162018, over 90 days or more delinquent in payment of principal or interest. Except as such disclosure may be limited by any applicable Law, Section 4.29(a) of SouthwestReliance’s Disclosure Memorandum sets forth a true, correct and complete list of (i) all of the Loans of Southwest Reliance and its Subsidiaries that, (A) as of September 30, 2016 2018 had an outstanding balance of $50,000 or more and were (1) on non-accrual status or (2) classified by Southwest Reliance as “Other Loans Specially Mentioned,” “Special Mention,” “Substandard,” “Doubtful,” “Loss,” “Classified,” “Criticized,” “Credit Risk Assets,” “Concerned Loans,” “Watch List” or words of similar import, together with the principal amount of and accrued and unpaid interest on each such Loan and the aggregate principal amount of and accrued and unpaid interest on such Loans as of such date, and (B) with respect to which, at any point since December 31, 20122013, constituted a “Troubled Debt Restructuring,” as defined in the Accounting Standards Codification Subtopic 310-40.