Reserves for Loan and Lease Losses Sample Clauses

Reserves for Loan and Lease Losses. The reserves for loan and lease losses shown in the Borrower's financial statements dated as of June 30, 2009, and in the Call Reports of the Borrower's financial institution Subsidiaries dated as of June 30, 2009, and in the reports required by Section 4.4 of this agreement are consistent with past practices and adequate in all respects to provide for losses, net of recoveries relating to loans previously charged off, on loans and leases outstanding as of the date of such statements or reports, and contain an additional amount of unallocated reserves for unanticipated future losses at levels considered adequate based upon generally accepted safe and sound banking practices, as of the date of such statements or reports. The aggregate principal amount of loans contained in the loan portfolio of each of the Borrower's financial institution Subsidiaries in excess of the corresponding reserve is fully collectible.
Sample 1
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Reserves for Loan and Lease Losses. BANK shall take such action as may be necessary to maintain its reserve for loan and lease losses at one and one-tenth percent (1.10%) of loans and leases until the Closing Date, or shall have the prior written consent of F&M to establish a lower reserve for loan and lease losses.
Sample 1
Reserves for Loan and Lease Losses. Prior to the Valuation Date, BANK shall increase its reserve for loan and lease losses to one and 30/100 percent (1.30%) of loans and leases and shall take such action as may be necessary to maintain this reserve at this level until the Closing Date.
Sample 1
Reserves for Loan and Lease Losses. Prior to December 31, 1996, BANK increased its reserve for loan and lease losses to one and 50/100 percent (1.50%) of loans and leases and shall take such action as may be necessary to maintain this reserve at this level until the Closing Date, provided however that the amount of such increase from Ninety-five one hundredths percent (0.95%) of loans and leases to one and 50/100 percent (1.50%) of loans and leases shall not be considered in determining BANK's Minimum Earnings under paragraph 3.4(d), or equity under paragraph 4.4(f) unless the amount results from a loss or expense charged to such reserve.
Sample 1

Related to Reserves for Loan and Lease Losses

  • Allowance for Loan and Lease Losses 10. (a) Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank and the Bureau.

  • Operating Losses To the extent there is an Operating Loss for any calendar month, Owner shall have the right, without any obligation and in its sole discretion, to fund such Operating Loss within twenty (20) days after Manager has delivered notice thereof to Owner and any Operating Loss funded by Owner shall be a “Owner Operating Loss Advance.” If Owner does not fund such Operating Loss, Manager shall have the right, without any obligation and in its sole discretion, to fund such Operating Loss within twenty (20) days after such initial twenty (20) day period, and any Operating Loss so funded by Manager shall be an Additional Manager Advance. If neither party elects to fund such Operating Loss, Manager may elect, by notice to Owner given within thirty (30) days thereafter, to terminate this Agreement, which termination shall be effective thirty (30) days after the date such notice is given; upon such termination, Owner shall pay Manager the Termination Fee, within sixty (60) days of the effective date of termination, as liquidated damages and in lieu of any other remedy of Manager at law or in equity and such termination shall otherwise be in accordance with the provisions of Section 11.09.

  • Limitations on Sales and Leasebacks Enter into any arrangement with any Person providing for the leasing by the Borrower of real or personal property which has been or is to be sold or transferred by the Borrower to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of the Borrower ("Sale and Leaseback Transactions").

  • Net Operating Losses In the case of a Deconsolidation Event, notwithstanding any other provision of this Agreement, VMware hereby expressly agrees to elect (under section 172(b)(3) of the Code and, to the extent feasible, any similar provision of any state, local or non-U.S. Tax law, including section 1.1502-21T(b)(3) of the Treasury Regulations) to relinquish any right to carryback net operating losses to any Pre-Deconsolidation Periods of Dell Technologies (in which event no payment shall be due from Dell Technologies to VMware in respect of such net operating losses).

  • Limitation on Sales and Leasebacks Enter into any arrangement with any Person providing for the leasing by the Borrower or any Subsidiary of real or personal property which has been or is to be sold or transferred by the Borrower or such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of the Borrower or such Subsidiary.

  • Special Covenants With Respect to Equipment and Inventory Each Grantor shall:

  • Loan Loss Reserves With respect to the Bank, maintain at all times loan loss reserves in amounts deemed adequate by all federal and state regulatory authorities.

  • Limitation on Sales of Property No Restricted Person will sell, transfer, lease, exchange, alienate or dispose of any Collateral or any of its material assets or properties or any material interest therein except:

  • Casualty Losses Such Managed Container shall not have suffered a Casualty Loss;

  • Sales and Leasebacks Enter into any arrangement with any Person providing for the leasing by any Group Member of real or personal property that has been or is to be sold or transferred by such Group Member to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of such Group Member.

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