Nonperforming Assets to Total Loans and Other Real Estate Ratio. The Borrower shall not permit its Nonperforming Assets to Total Loans and Other Real Estate Ratio to be greater than 5.00%. As used in this Section 6.7, “Nonperforming Assets to Total Loans and Other Real Estate Ratio” means the ratio of (A) “Nonperforming Assets” to (B) the sum of (i) “Total Loans”, plus (ii) “Other Real Estate”; “Nonperforming Assets” means the Consolidated loans, leases and other assets of the Borrower that are not accruing interest or are 90 days or more past due in the payment of principal or interest, plus Consolidated “other real estate owned” by the Borrower (“Other Real Estate”); and “Total Loans” means the Consolidated principal of loans made by Borrower to unrelated third parties; in each case as shown on the Consolidated financial statements of Borrower, prepared in accordance with FFIEC requirements.@
Appears in 2 contracts
Samples: Revolving Credit Agreement (Financial Institutions Inc), Term Loan Credit Agreement (Financial Institutions Inc)
Nonperforming Assets to Total Loans and Other Real Estate Ratio. The Borrower shall not permit its Nonperforming Assets to Total Loans and Other Real Estate Ratio to be greater less than 5.006.00%. As used in this Section 6.7, “"Nonperforming Assets to Total Loans and Other Real Estate Ratio” " means the ratio of (A) “"Nonperforming Assets” " to (B) the sum of (i) “"Total Loans”", plus (ii) “"Other Real Estate”"; “"Nonperforming Assets” " means the Consolidated loans, leases and other assets of the Borrower that are not accruing interest or are 90 days or more past due in the payment of principal or interest, plus Consolidated “"other real estate owned” " by the Borrower (“"Other Real Estate”"); and “"Total Loans” " means the Consolidated principal of loans made by Borrower to unrelated third parties; in each case as shown on the Consolidated financial statements of Borrower, prepared in accordance with FFIEC requirements.@requirements.
Appears in 1 contract
Nonperforming Assets to Total Loans and Other Real Estate Ratio. The Borrower shall not permit its Nonperforming Assets to Total Loans and Other Real Estate Ratio to be greater less than 5.006.00%. As used in this Section 6.7, “"Nonperforming Assets to Total Loans and Other Real Estate Ratio” " means the ratio of (A) “"Nonperforming Assets” " to (B) the sum of (i) “"Total Loans”", plus (ii) “"Other Real Estate”"; “"Nonperforming Assets” " means the Consolidated loans, leases and other assets of the Borrower that are not accruing interest or are 90 days or more past due in the payment of principal or interest, plus Consolidated “"other real estate owned” " by the Borrower (“"Other Real Estate”"); and “"Total Loans” " means the Consolidated principal of loans made by Borrower to unrelated third parties; in each case as shown on the Consolidated financial statements of Borrower, prepared in accordance with FFIEC requirements.@requirements."
Appears in 1 contract