Common use of Problem Assets Clause in Contracts

Problem Assets. Within seventy (70) days, the Association shall develop a detailed, written plan with specific strategies, targets and timeframes to reduce3 the Association’s level of problem assets4 (Problem Asset Reduction Plan). The Problem Asset Reduction Plan, at a minimum, shall include:

Appears in 1 contract

Samples: Supervisory Agreement (Brooklyn Federal Bancorp, Inc.)

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Problem Assets. Within seventy ninety (7090) days, the Association shall develop submit a detailed, written plan with specific strategies, targets and timeframes to reduce3 reduce4 the Association’s level of problem assets4 assets5 (Problem Asset Reduction Plan)) to the Regional Director. The Problem Asset Reduction Plan, at a minimum, shall include:

Appears in 1 contract

Samples: Supervisory Agreement (First Place Financial Corp /De/)

Problem Assets. Within seventy sixty (7060) days, the Association shall develop and implement a detailed, written plan with specific strategies, targets and timeframes to reduce3 reduce2 the Association’s 's level of problem assets4 assets3 (Problem Asset Reduction Plan). The Problem Asset Reduction Plan, at a minimum, shall include:

Appears in 1 contract

Samples: Supervisory Agreement (Malvern Federal Bancorp Inc)

Problem Assets. Within seventy ninety (7090) days, the Association shall develop submit a detailed, written plan with specific strategies, targets and timeframes to reduce3 reduce1 the Association’s level of problem assets4 assets2 (Problem Asset Reduction Plan)) to the Regional Director. The Problem Asset Reduction Plan, at a minimum, shall include:

Appears in 1 contract

Samples: Supervisory Agreement

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Problem Assets. Within seventy sixty (7060) days, the Association shall develop submit a detailed, written plan with specific strategies, targets and timeframes to reduce3 the Association’s level of problem assets4 (Problem Asset Reduction Plan)) to the Regional Director for review and non-objection. Upon notice of non-objection, the Association shall implement and adhere to the Problem Asset Reduction Plan. The Problem Asset Reduction Plan, at a minimum, shall include:

Appears in 1 contract

Samples: Supervisory Agreement (Wilmington Trust Corp)

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