Common use of Non-Performing Assets Clause in Contracts

Non-Performing Assets. Permit the aggregate amount of Non-Performing Assets of all Subsidiary Banks on a combined basis to equal or exceed eighty-five percent (85%) of the then Primary Capital of all Subsidiary Banks, as determined according to GAAP, at any time from and after the date hereof.

Appears in 2 contracts

Samples: Loan Agreement (Mercantile Bancorp, Inc.), Loan Agreement (Mercantile Bancorp, Inc.)

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Non-Performing Assets. Permit the aggregate amount of Non-Performing Assets of all Subsidiary Banks on a combined basis to equal or exceed eighty-five percent Fifteen Percent (8515%) of the then Primary Capital of all Subsidiary BanksBanks at anytime during the term of this Agreement, as determined according to GAAP, at any time from and after the date hereof.

Appears in 1 contract

Samples: Loan Agreement (Mercantile Bancorp, Inc.)

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Non-Performing Assets. Permit the aggregate amount of Non-Performing Assets of all Subsidiary Banks on a combined basis to equal or exceed eighty(i) Thirty-five percent Six Percent (8536%) of the then Primary Capital of all Subsidiary Banks, as determined according to GAAP, at any time from the date of this Agreement through September 30, 2009, or (ii) Eighteen Percent (18%) of the then Primary Capital of all Subsidiary Banks, as determined according to GAAP, at any time from and after the date hereofOctober 1, 2009.

Appears in 1 contract

Samples: Loan Agreement (Mercantile Bancorp, Inc.)

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