Nonperforming Assets. All assets of all Subsidiary Banks and other Subsidiaries classified as “non-performing” (which shall include all loans in non-accrual status, more than ninety (90) days past due in principal or interest, restructured or renegotiated, or listed as “other restructured” or “other real estate owned”) on the FDIC or other regulatory agency call report shall not exceed at any time three percent (3.0%) of the total loans of Borrower and its Subsidiaries on a consolidated basis.
Nonperforming Assets. To the knowledge of the Company, except as disclosed in the Company’s Exchange Act reports, the Company believes that the amount of reserves and allowances for loan and lease losses and other nonperforming assets established on the Company’s and Bank’s financial statements is adequate and such belief is reasonable under all the facts and circumstances known to the Company and Bank.
Nonperforming Assets. To the Company’s Knowledge, as of the date hereof, the Company believes that each Bank will be able to fully and timely collect substantially all interest, principal or other payments when due under its loans, leases and other assets that are not classified as nonperforming and such belief is reasonable under all the facts and circumstances known to the Company and such Bank, and the Company believes that the amount of reserves and allowances for loan and lease losses and other nonperforming assets established on the Company’s and each Bank’s financial statements is adequate and such belief is reasonable under all the facts and circumstances known to the Company and such Bank.
Nonperforming Assets. The Borrower on a consolidated basis will not permit at the end of each Fiscal Quarter Nonperforming Assets to be greater than 2.50% of the sum of Total Loans (excluding loans held for sale) and Other Real Estate Owned.
Nonperforming Assets. To the Company’s Knowledge, since the date of the latest audited financial statements included within the SEC Reports, except as disclosed in subsequent SEC Reports filed prior to the date hereof, the Company believes that the Bank will be able to fully and timely collect substantially all interest, principal or other payments when due under its loans, leases and other assets that are not classified as nonperforming and such belief is reasonable under all the facts and circumstances known to the Company and Bank, and the Company believes that the amount of reserves and allowances for loan and lease losses and other nonperforming assets established on the Company’s and Bank’s financial statements is adequate and such belief is reasonable under all the facts and circumstances known to the Company and Bank.
Nonperforming Assets. To the Company’s Knowledge, the Company believes that the Bank will be able to fully and timely collect substantially all interest, principal, or other payments when due under its loans, leases, and other assets that are not classified as nonperforming, and the Company believes that the amount of reserves and allowances for loan and lease losses and other nonperforming assets established on the Company’s and Bank’s financial statements is adequate.
Nonperforming Assets. To the Company’s Knowledge, since the date of the latest audited financial statements, the Company believes that the Bank will be able to fully and timely collect substantially all interest, principal, or other payments when due under its loans, leases, and other assets that are not classified as nonperforming and such belief is reasonable under all the facts and circumstances known to the Company and Bank, and the Company believes that the amount of reserves and allowances for loan and lease losses and other nonperforming assets established on the Company’s and Bank’s financial statements is adequate, and such belief is reasonable under all the facts and circumstances known to the Company and Bank, except for such failures or deficiencies as have not had and would not be reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
Nonperforming Assets. An RSF fac- tor of 100 percent is assigned to any asset that is past due by more than 90 days or nonaccrual.
Nonperforming Assets. The Company’s and the Company Bank’s aggregate Nonperforming Assets, as defined below, shall not exceed $15.0 million at the month-end that immediately precedes the Closing Date. “Nonperforming Assets” means the sum of the following categories, each as defined in the Thrift Financial Report Instruction Manual (December 2010) or its successors applicable from time to time: (i) loans and leases in “nonaccrual” status, (ii) “other real estate owned,” (iii) “troubled debt restructured” loans and leases, and (iv) the amount (if any) by which “net charge-offs” during the period from January 1, 2011 through the month-end that immediately precedes the Closing Date exceeds consolidated net income during that period.
Nonperforming Assets. Sterling’s Nonperforming Assets, as defined in Section 11.1, shall not exceed $30,000,000 for the period from January 1, 2010 through the Closing Date.
