Lease Losses definition

Lease Losses means one-half (1/2) of the aggregate amount of all claims, losses, liabilities, damages, deficiencies, penalties, costs and expenses, including, without limitation, increases in rent, relocation expenses to the extent of packing, moving, storage and transportation costs, reasonable expenses of investigation and reasonable attorneys’ fees and expenses, incurred by any Party hereto in connection with any Legal Action, which (i) arise from, are related to or are in connection with a claim or assertion by the landlord under the ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ Road Lease, or its successors or assigns (“Landlord”), that the execution, delivery and performance by the Parties of the 50 West ▇▇▇▇▇▇▇ Lease Assignment and Assumption Agreement without, or prior to, the Landlord providing consent, if any, required pursuant to the ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ Road Lease was improper, a breach or an event of default, and (ii) are in excess of the base rent and additional rent, as those terms are defined in the ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ Road Lease. Notwithstanding the foregoing, “Lease Losses” shall expressly not include lost revenues or profits of a Party.
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Lease Losses means as defined in accordance with the then‑current regulations of the Applicable Bank Regulatory Authority and as reported by any Person on the Regulatory Capital Schedule of their respective Call Report applicable to such period.
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Lease Losses has the meaning set forth in Section 10.13.
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Examples of Lease Losses in a sentence

  • This review and program shall be designed consistent with (i) OCC Bulletin 2001-37 (Policy Statement on Allowance for Loan and Lease Losses Methodologies and Documentation for Banks and Savings Institutions); (ii) OCC Bulletin 2006-47 (Allowance for Loan and Lease Losses); (iii) Accounting Standards Codification (“ASC”) #310 (Receivables); and (iv) ASC #450 (Contingencies).

  • The adequacy of the ALLL shall be determined in accordance with relevant supervisory guidance, including the Interagency Policy Statements on the Allowance for Loan and Lease Losses, dated July 2, 2001 and December 13, 2006.

  • This review and Allowance Program shall be designed to be consistent with the comments on maintaining a proper allowance found in the Allowance for Loan and Lease Losses booklet of the Comptroller’s Handbook, OCC Advisory Letter 96-8 dated August 6, 1997, entitled “Allowance for Loans and Lease Losses”.

  • Maintain at all times Reserves for Loan and Lease Losses consistent with past practices and adequate in all respects based upon safe and sound banking practices.

  • The system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook and OCC Bulletin 2006-47 – Interagency Policy Statement on the Allowance for Loan and Lease Losses.

  • The Allowance for Loan and Lease Losses analysis reflected an overfunding of the ALLL balance.

  • The system shall use a loan grading system consistent with the guidelines set forth in the Comptroller’s Handbook – Rating Credit Risk and the Comptroller’s Handbook – Allowance for Loans and Lease Losses.

  • Provident State Bank has calculated its allowance for loan and lease losses (“ALLL”) in accordance with regulatory accounting principles, including the Instructions for Preparation of Consolidated Reports of Condition and Income and the Interagency Policy Statement on the Allowance for Loan and Lease Losses as applied to banking institutions and in accordance with all applicable rules and regulations (“RAP”).

  • This review and program shall be designed in light of the comments on maintaining a proper Allowance found in OCC Bulletin 2006-47 and the Interagency Policy Statement on the Allowance for Loan and Lease Losses, and shall include an Allowance methodology that comports with the accounting standards set forth in the Accounting Standards Codification ASC 310-10 and ASC 450-20.

  • The methodology shall be consistent with relevant supervisory guidance, including the Interagency Policy Statements on the Allowance for Loan and Lease Losses, dated July 2, 2001 (SR 01-17 (Sup)) and December 13, 2006 (SR 06-17).