Criticized Assets definition

Criticized Assets means, at any particular time, all assets of the Bank classified as “Loss,” “Doubtful,” “Substandard,” or “other Assets Especially Mentioned,” or in any equivalent category by the Bank or any governmental or regulatory authority.

Criticized Assets shall have the meaning ascribed thereto in Section ------------------ 4.20(b) hereof.

Criticized Assets means Association assets that are, and subsequent to the Effective Date will have been, properly classified as “substandard,” “doubtful,” “loss,” or “special mention,” either by the Association (pursuant to 12 CFR §560.160(a)(1)) or by OTS (pursuant to 12 CFR §560.160(a)(2) and other applicable laws and regulations.)5

Examples of Criticized Assets in a sentence

• The standing Management Committees in the Bank are: • Management Risk Committee;• Management Credit Committee;• Criticized Assets Committee;• Assets and Liability Management Committee;• Information Technology (IT) Steering Committee;• Information Technology (IT) Risk Management CommitteeManagement Risk Committee This Committee is responsible for regular analysis and consideration of risks in the Bank.

• Some of these Executive Management Committees include the Assets and Liabilities Committee (ALCO), the Executive Credit Committee (ECC), the IT Risk Committee (ITRC), the Risk Management Committee (RMC), the Costs Optimization Committee (COC), the Criticized Assets Committee (CAC), and the Executive Management Committee (EMC).

• The Criticized Assets Committee is responsible for the review and coverage of the Bank’s total risk assets portfolio for quality.

• There is also a Criticized Assets Committee (CAC) which is responsible for the assessment and continued review of the Company’s premium debt and direct appropriate actions in respect of delinquent ones.

• Criticized Assets Committee This Committee is responsible for the assessment of the risk asset portfolio of the Bank.

More Definitions of Criticized Assets

Criticized Assets shall have the meaning ascribed thereto in Section 4.20(b) hereof.

Criticized Assets shall have the meaning assigned such term in Section 5.8(b) hereof.

Criticized Assets shall include all classified assets, assets designated special mention, all nonperforming assets and all delinquent loans. Supervisory Agreement Severn Savings Bank, FSB

Criticized Assets means, at any particular time, all assets of the Bank classified as “Loss,” “Doubtful,” “Substandard,” or “other Assets Especially Mentioned,” or in any equivalent category by the Bank or any governmental or regulatory authority. LETTER LOAN AGREEMENT - #91425 Page 1

Criticized Assets shall include all classified assets, assets designated special mention, all nonperforming assets and all delinquent loans, that are ninety (90) or more days delinquent.

Criticized Assets has the meaning set forth in Section 4.32(a).

Criticized Assets has the meaning assigned to it in Section 3.02(r).