Common use of Loan Workouts Clause in Contracts

Loan Workouts. Compromise, resolve, or otherwise “workout” any delinquent or troubled loan, other than (i) any loan workout in the ordinary course of business, consistent with Company Bank’s current policies and procedures and recent past practice, or (ii) unless Buyer, acting through its President and Chief Commercial Banking Officer or his designee(s) first consents in writing (which consent will not be unreasonably withheld, conditioned or delayed).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp), Agreement and Plan of Merger (Independent Bank Corp)

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Loan Workouts. Compromise, resolve, or otherwise “workout” any delinquent or troubled loan, other than (i) 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, or (ii) practice unless Buyer, Buyer acting through its Executive Vice President and Chief of Commercial Banking Officer Lending or his designee(s) first consents in writing (which consent will not be unreasonably withheld, conditioned withheld or delayed).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp), Agreement and Plan of Merger (Independent Bank Corp)

Loan Workouts. Compromise, resolve, or otherwise “workout” any delinquent or troubled loan, other than (i) loan unless any loan workout is done in the ordinary course of business, consistent with Company Bank’s current policies and procedures and recent past practice, or (ii) unless Buyer, acting through its President and Chief Commercial Banking Officer or his designee(s) first consents in writing (which consent will not be unreasonably withheld, conditioned or delayed).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

Loan Workouts. Compromise, resolve, or otherwise “workout” any delinquent or troubled loan, other than (i) 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, or (ii) practice unless Buyer, Buyer acting through its President and Chief Commercial Banking Financial Officer or his designee(s) first consents in writing (which consent will not be unreasonably withheld, conditioned or delayed).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

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Loan Workouts. Compromise, resolve, or otherwise “workoutwork out” any delinquent or troubled loan, other than (i) any loan workout in the ordinary course of business, consistent with Company Bank’s current policies and procedures and recent past practice, or (ii) unless Buyer, acting through its President and Chief Commercial Banking Lending Officer, Chief Credit Officer, Chief Risk Officer or his their designee(s) ), first consents in writing (which consent will not be unreasonably withheld, conditioned or delayed).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lakeland Bancorp Inc)

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