Loan Workouts. Compromise, resolve, or otherwise “workout” any delinquent or troubled loan unless any such loan workout is done in the ordinary course of business, consistent with Company Bank’s current policies and procedures and recent past practice.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Peoples Federal Bancshares, Inc.), Agreement and Plan of Merger (Independent Bank Corp)
Loan Workouts. Compromise, resolve, or otherwise “workout” any delinquent or troubled loan unless any such loan workout is done in the ordinary course of business, consistent with Company Bank’s current policies and procedures and recent past practice, and approved by Company Bank’s Security Committee.
Appears in 2 contracts
Samples: Voting Agreement (Mayflower Bancorp Inc), Voting Agreement (Independent Bank Corp)
Loan Workouts. Compromise, resolve, or otherwise “workout” any delinquent or troubled loan unless loan, other than any such loan workout is done in the ordinary course of business, consistent with Company Bank’s current policies and procedures and recent past practicepractices since December 31, 2021.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Eastern Bankshares, Inc.), Agreement and Plan of Merger (Cambridge Bancorp)
Loan Workouts. Compromise, resolve, or otherwise “workout” any delinquent or troubled loan unless any such loan workout is done in the ordinary course of business, consistent with Company Bank’s current policies and procedures and recent past practice, and approved by Company Bank’s Workout Committee.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Independent Bank Corp), Voting Agreement (Central Bancorp Inc /Ma/)
Loan Workouts. Compromise, resolve, or otherwise “workout” any delinquent or troubled loan unless any such loan workout is done in the ordinary course Ordinary Course of businessBusiness, consistent with Company Bank’s current policies and procedures and recent past practice, and approved by the Bank’s Board of Directors.
Appears in 1 contract
