Problem credits definition

Problem credits means such problems arising from, amongst others, the borrower’s non- compliance with the terms of the financial assistance including failure to meet repayment of principal/interest or collateral obligations. It is to be noted that the assessment as to what “problem credits” are by the listed corporation/board of directors should not be limited to actual occurrence of default only but may include possible defaults such as signs of the borrower having difficulties in complying with the terms of the financial assistance (e.g. making or requesting for partial or late payments).
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Examples of Problem credits in a sentence

  • Problem credits are managed to minimise losses, maximise recoveries and preserve the Bank’s reputation, with attention to measurement of extent of impairment, exposure and security cover, provisioning, remediation, workout & losses.

  • Special Problem credits may not be included as part of the 30 hours of required coursework for master's thesis students.The Special Problem Statement represents a contract between the student and the Woodruff School.

  • Problem credits should be subject to more frequent review and monitoring.

  • Problem credits are managed to minimize losses, maximize recoveries and preserve the Bank’s reputation, with attention to measurement of extent of impairment, exposure and security cover, provisioning, remediation, workout & losses.

  • Problem credits to DOSRI shall be written-off only upon prior approval of the BSP Monetary Board.

  • Problem credits are closely monitored by the lending staff, and an independent loan review staff provides further assistance in identifying problem situations.

  • Security documents should also be reviewed to ensure the completeness as well as enforceability of contracts and collateral/guarantee; and Status report and review: Problem credits should be subject to more frequent review and monitoring.

  • Security documents should also be reviewed to ensure the completeness and enforceability of contracts and collaterals/guarantees.• Status Report and Review: Problem credits should be subject to more frequent review and monitoring.

  • Problem credits in the Group were SEK 122 million (105) at year-end.

  • Problem credits are managed to minimise losses, maximise recoveries and preserve the Bank‟s reputation, with attention to measurement of extent of impairment, exposure and security cover, provisioning, remediation, workout & losses.

Related to Problem credits

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • Credits means the Federal and State Housing Tax Credit program.

  • Service Level Credit is defined in Section 8.

  • Renewable Energy Credits or “RECs” – means a renewable energy credit as defined in the Green-e Energy National Standard and shall include all the renewable attributes associated with the applicable level of corresponding energy production.

  • Service Level means the standard set forth below by which IBM measures the level of service it provides in this SLA.

  • Service Drop means a cable that, by its design, capacity and relationship to other cables of the Company, can be reasonably considered to be for the sole purpose of connecting backbone of the Equipment to not more than one individual customer or building point of presence or property;

  • Resource Adequacy Benefits means the rights and privileges attached to the Generating Facility that satisfy any Person’s resource adequacy obligations, as those obligations are set forth in any Resource Adequacy Rulings and shall include any local, zonal or otherwise locational attributes associated with the Generating Facility.

  • Service Level Failure means a failure to perform the Software Support Services fully in compliance with the Support Service Level Requirements.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • Service Levels means the service levels to be met by the Services as referenced in the Contract Letter and set out in the Specification Schedule.

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • Unplanned Service Interruption means any Service Interruption where events or circumstances prevent the timely communication of prior warning or notice to the Trader or any affected Customer;

  • Electric System Upgrades means any Network Upgrades, Distribution Upgrades, or Interconnection Facilities that are determined to be necessary by the CAISO or Participating Transmission Owner, as applicable, to physically and electrically interconnect the Project to the Participating Transmission Owner’s electric system for receipt of Energy at the Point of Interconnection (as defined in the CAISO Tariff) if connecting to the CAISO Grid, or the Interconnection Point, if connecting to a part of the Participating TO’s electric system that is not part of the CAISO Grid.

  • Downtime means the Total Minutes in the Month during which the Cloud Service (or Servers for Server Provisioning) does not respond to a request from SAP’s Point of Demarcation for the data center providing the Cloud Service (or Server for Server Provisioning), excluding Excluded Downtime.

  • Software Upgrade means a release of Software, in object code form, or firmware, which adds new functionality and feature enhancements to the Software or Equipment.

  • Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

  • Support Service means an activity, such as information technology, accounting, human resources, legal, and other support functions that are required to support the ongoing delivery of core services.

  • account information service means an online service to provide consolidated information on one or more payment accounts held by the payment service user with either another payment service provider or with more than one payment service provider;

  • Enhanced 911 Service (“E911”) means a telephone communication service which will automatically route a call dialed “9-1-1” to a designated public safety answering point (PSAP) attendant and will provide to the attendant the calling party’s telephone number and, when possible, the address from which the call is being placed and the Emergency Response agencies responsible for the location from which the call was dialed.