Other Loans Especially Mentioned. Special Mention," "Criticized," "Credit Risk Assets," "Concerned Loans" or by words of similar import.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss" or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts of loans, extensions of credit or other assets that were charged off by it or its subsidiaries prior to the date hereof.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss" or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts that were charged off by BFS or its subsidiaries prior to the date hereof; and no such Loans as of September 30, 1996 that have been or, to its knowledge, should have been classified as "non-accrual", "restructured", "90 days past due", "still accruing and doubtful of collection" or any comparable classification are excluded from the amounts disclosed in the Asset Classification. For purposes of this Agreement, the term "Loans" shall mean loans, leases, ----- extensions of credit, commitments to extend credit and other assets.
Examples of Other Loans Especially Mentioned in a sentence
There are no loans presently owned by KSB that have been classified by any bank examiner, outside loan reviewer, accountant or management as "Other Loans Especially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories with similar import and all loans or portions thereof classified "Loss" have been charged off.
In addition to the D-rating, the Borrower receives a loan quality classification: good, OLEM (Other Loans Especially Mentioned), substandard, doubtful and loss.
Except as disclosed to PACIFIC in the BANCORP Disclosure Statement, there are no loans presently owned by BANCORP that have been classified by any BANCORP examiner, outside loan reviewer, accountant or the management of BANCORP as "Other Loans Especially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories with similar import and all loans or portions thereof classified "Loss" have been charged off.
Other Loans Especially Mentioned (OLEM): Advances in this category are currently protected by adequate security, both as to principal and interest, but they are potentially weak and constitute an undue credit risk, although not to the point of justifying the classification of substandard.
If any arbitrator has not been appointed within the time limits specified herein, such appointment shall be made by the AAA upon the written request of either party within 10 days of the request.
More Definitions of Other Loans Especially Mentioned
Other Loans Especially Mentioned. Substandard," "Doubtful," "Loss," or words of similar import in the case of loans (or that would have been so classified in the case of other assets, had they been loans) and the placement of any interest-bearing asset on a watch list whether by said persons or entities; or
Other Loans Especially Mentioned. Special Mention," "Substandard," "Doubtful" or "Loss" or internally classified in a similar or comparable category. Except as specifically disclosed in Schedule I, as of September 30, 1997, there are no consumer loans that are delinquent more than thirty (30) days as to payment of principal and interest. Except as specifically disclosed in Schedule I, as of September 30, 1997, the reserve for loan losses in Lewistown's September 30, 1997 Balance Sheet is adequate under the requirements of generally accepted accounting principles and standard banking practice to provide for possible losses on outstanding loans, net of recoveries. Except as disclosed in Schedule I, there are no loans or loan commitments outstanding to executive officers or directors of Lewistown, including their immediate families and entities with which they are associated. All such loans and commitments to loan were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and do not involve more than the normal risk of collectibility or present other unfavorable features and, except as disclosed in Schedule I, none of such loans and commitments to related parties disclosed in said Audited Financial Statements or in writing to Juniata are delinquent in payment of principal or interest.
Other Loans Especially Mentioned. Substandard," "Doubtful," or "Loss" or classified using categories with similar import and all loans or portions thereof classified "Loss" have been charged off. Notwithstanding the above, BANK shall be under no obligation to disclose to PACIFIC any such classification by any bank examiner where such disclosure would violate any obligation of confidentiality of BANK imposed by the DFI, the FDIC, or any other bank regulator. BANK regularly reviews and appropriately classifies loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of BANK are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to PACIFIC in the BANK Disclosure Statement or reserved for in the unaudited consolidated balance sheet of BANK as of June 30, 1997, and were duly authorized under and made in material compliance with applicable federal and state laws and regulations. BANK does not have any extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of BANK.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss", or words of similar import in the case of loans (or that would have been so classified, in the case of other assets, had they been loans). Notwithstanding the above, BANK shall be under no obligation to disclose to PACIFIC any such classification by any bank regulatory agency where such disclosure would violate any obligation of confidentiality of BANK imposed by such bank regulatory agency. BANK has furnished and will continue to furnish to PACIFIC true and accurate information concerning the loan portfolio of BANK, and no material information with respect to the loan portfolio has been or will be withheld from PACIFIC.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss", or words of similar import in the case of loans (or that would have been so classified, in the case of other assets, had they been loans). Notwithstanding the above, BANCORP shall be under no obligation to disclose to PACIFIC any such classification by any bank regulatory agency where such disclosure would violate any obligation of confidentiality of BANCORP imposed by such bank regulatory agency. BANCORP has furnished and will continue to furnish to PACIFIC true and accurate information concerning the loan portfolio of BANCORP, and no material information with respect to the loan portfolio has been or will be withheld from PACIFIC.
Other Loans Especially Mentioned or "Special Mention," or (iii) "Credit Risk Assets," "Concerned Loans," "Watch List" or words of similar import, in each case together with the unpaid principal amount of and any accrued and unpaid interest on each of such Loans and the identity of the borrower thereunder; together with the aggregate principal amount of and accrued and unpaid interest on all such Loans by category. After the date of this Agreement, the Seller shall promptly inform Buyers of any Loans that become classified since January 31, 1999 in the manner described in the previous sentence, or any Loans the classification of which is changed at any time after January 31, 1999. The Seller and its Subsidiaries have internally classified, in the manner described above, all Loans that any auditor or government examiner has criticized or classified, and the internal classification of such Loan is at least as strict as the criticism or classification thereof by the auditor or government examiner. Schedule 2.11(f) also sets forth, as of January 31, 1999, by account, each borrower, customer or other party which has notified Seller or any of the Seller Subsidiaries during the past twelve months of, or has asserted against Seller or any of the Seller Subsidiaries, in each case in writing, any "lender liability" or similar claim, and, to the best knowledge of Seller, each borrower, customer or other party which has given Seller or any of the Seller Subsidiaries any oral notification of, or orally asserted to or against Seller or any of the Seller Subsidiaries, any such claim. After the date of this Agreement, the Seller shall promptly inform Buyers of any lender liability or similar claim made or asserted in writing of the type described in the immediately preceding sentence that has arisen since January 31, 1999.
Other Loans Especially Mentioned. Special Mention", "Substandard", "Doubtful", "Loss", "Classified", "Criticized", "Watch list" or words of similar import, together with the principal amount of and accrued and unpaid interest on each such loan and the identity of the obligor thereunder, (4) where a reasonable doubt exists as to the timely future collectability of principal and/or interest, whether or not interest is still accruing or the loans are less than 90 days past due, (5) where the interest rate terms have been reduced and/or the maturity dates have been extended subsequent to the agreement under which the loan was originally created due to concerns regarding the borrower's ability to pay in accordance with such initial terms, or (6) where a specific reserve allocation exists in connection therewith; and (C) all other assets classified by the Bank as real estate acquired through foreclosure or in lieu of foreclosure, including in-substance foreclosures, and all other assets currently held that were acquired through foreclosure or in lieu of foreclosure.