Nonperforming Assets. To the Company’s Knowledge, since March 31, 2014, 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.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Live Oak Bancshares, Inc.), Securities Purchase Agreement (Live Oak Bancshares, Inc.)
Nonperforming Assets. To the Company’s Knowledge, since March 31, 2014as of the date hereof, the Company believes that the 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.
Appears in 2 contracts
Samples: Securities Purchase Agreement (First NBC Bank Holding Co), Securities Purchase Agreement (First NBC Bank Holding Co)
Nonperforming Assets. To the Company’s Knowledge, since March 31, 2014as of 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 the 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 the Bank’s financial statements is adequate and such belief is reasonable under all the facts and circumstances known to the Company and the Bank.
Appears in 1 contract
Samples: Securities Purchase Agreement (First NBC Bank Holding Co)
Nonperforming Assets. To the Company’s Knowledge, since March 31, 2014, 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.
Appears in 1 contract
Nonperforming Assets. To the Company’s Knowledge, since March 31, 2014as of 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 the Bank’s financial statements is adequate and such belief is reasonable under all the facts and circumstances known to the Company and the Bank.
Appears in 1 contract
Samples: Securities Purchase Agreement (Bankwell Financial Group, Inc.)
Nonperforming Assets. To the Company’s Knowledge, since March 31, 2014, the Company believes that the Bank will be able to fully and timely collect substantially all interest, principal principal, or other payments when due under its loans, leases 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 adequate, and such belief is reasonable under all the facts and circumstances known to the Company and Bank.
Appears in 1 contract
Samples: Securities Purchase Agreement (Castle Creek Capital Partners VI, LP)