Designated Portfolio Sample Clauses

Designated Portfolio. Immediately prior to the Closing, Seller, or -------------------- another entity designated by Seller, shall purchase for cash from the Bank, at gross book value (plus accrued but unpaid interest), less applicable reserves ("net book value"), a portfolio of loans identified on Schedule A hereto (the -------------- "Schedule A Loans"), or other loans of the Bank from Schedule B hereto (the ---------------- "Schedule B Loans") as provided for herein, but shall in no event ---------------- include the loans specified in Section 4.15. The following procedures shall apply to this required purchase: (a) If the gross book value of the Schedule A Loans on the Closing Date is greater than $40,000,000, the Seller or its designee shall purchase the Schedule A loans at their net book value; or (b) If the gross book value of the Schedule A Loans on the Closing Date is less than $40,000,000, Seller or its designee shall purchase the Schedule A Loans at their net book value (plus accrued but unpaid interest), and shall also purchase from the Bank at their net book value (plus accrued but unpaid interest) Schedule B Loans in an amount such that the aggregate gross book value of the Schedule A Loans and Schedule B Loans purchased equals approximately, but does not exceed, $40,000,000; provided, -------- however, that the total number of lending relationships (as opposed to ------- loans) represented by the Schedule A Loans and the Schedule B Loans purchased shall not exceed fifteen relationships. (c) If any Schedule A Loan is sold prior to the Closing, as part of the bulk sale currently contemplated by Bank and described in the Disclosure Schedule or in an individual sale of the loans described in the Disclosure Schedule, CNB may require Bank to replace such Schedule A Loan or Loans with one or more Schedule B Loans of an approximately equal gross book value selected by CNB.
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Designated Portfolio. A portfolio in the Plan that contains one ETF. The Plan has nine Designated Portfolios corresponding to nine ETFs, each representing a different asset class.
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Designated Portfolio. Immediately prior to the Closing, Seller -------------------- shall purchase for cash (or for a promissory note in form acceptable to CNB) from the Bank, at gross book value (plus accrued but unpaid interest through and including the date prior to the Closing Date), less applicable reserves
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Designated Portfolio. The Total Stock Fund’s performance will be higher than the performance of the Total Stock Market Portfolio, the Designated Portfolio that it underlies, due to the higher expenses of the Total Stock Market Portfolio.
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Related to Designated Portfolio

  • New Portfolio The Trust hereby authorizes MID to participate in the distribution of Class C shares of the following new portfolio ("New Portfolio") on the terms and conditions contained in the Agreement: Lazard Mid-Cap Portfolio

  • Investment Portfolio All investment securities held by Seller or its Subsidiaries, as reflected in the consolidated balance sheets of Seller included in the Seller Financial Statements, are carried in accordance with GAAP, specifically including but not limited to, FAS 115.

  • New Portfolios a. Effective April 12, 2021, the following Portfolio is hereby added to the Agreement on the terms and conditions contained in the Agreement: • EQ/Core Plus Bond Portfolio b. Effective April 30, 2021, the following Portfolios are hereby added to the Agreement on the terms and conditions contained in the Agreement: • EQ/Aggressive Allocation Portfolio • EQ/Conservative Allocation Portfolio • EQ/Conservative-Plus Allocation Portfolio • EQ/Moderate Allocation Portfolio • EQ/Moderate-Plus Allocation Portfolio • Target 2015 Allocation Portfolio • Target 2025 Allocation Portfolio • Target 2035 Allocation Portfolio • Target 2045 Allocation Portfolio • Target 2055 Allocation Portfolio

  • Quarterly Portfolio of Investments Services Subject to the receipt of all Required Data, and as a component of the Services, the Administrator will use such Required Data from each Trust, State Street’s internal systems, and other data providers to prepare a draft portfolio of investments (the “Portfolio of Investments”), compliant with GAAP, as of each Trusts’ first and third fiscal quarter-ends. · Each Trust acknowledges and agrees that it will be responsible for (i) reviewing and approving each such Portfolio of Investments, (ii) incorporating such information into such Trust’s filing mechanism, (iii) attaching each of its Portfolio of Investments to its first and third fiscal quarter-end N-PORT filings, and (iv) submitting such Portfolios of Investments as part of such N-PORT filings electronically to the SEC.

  • Loan Portfolio (a) As of the date hereof, except as set forth in Section 3.25(a) of the Sterling Disclosure Schedule, neither Sterling nor any of its Subsidiaries is a party to any written or oral loan, loan agreement, note or borrowing arrangement (including leases, credit enhancements, commitments, guarantees and interest-bearing assets) (collectively, “Loans”) in which Sterling or any Subsidiary of Sterling is a creditor which as of December 31, 2020, had an outstanding balance of $10,000,000 or more and under the terms of which the obligor was, as of December 31, 2020, over ninety (90) days or more delinquent in payment of principal or interest. Set forth in Section 3.25(a) of the Sterling Disclosure Schedule is a true, correct and complete list of (A) all of the Loans of Sterling and its Subsidiaries that, as of December 31, 2020, had an outstanding balance of $10,000,000 or more and were classified by Sterling as “Other Loans Specially Mentioned,” “Special Mention,” “Substandard,” “Doubtful,” “Loss,” “Classified,” “Criticized,” “Credit Risk Assets,” “Concerned Loans,” “Watch List” or words of similar import, together with the principal amount and accrued and unpaid interest on each such Loan and the identity of the borrower thereunder, together with the aggregate principal amount and accrued and unpaid interest on such Loans, by category of Loan (e.g., commercial, consumer, etc.), together with the aggregate principal amount of such Loans by category and (B) each asset of Sterling or any of its Subsidiaries that, as of December 31, 2020, is classified as “Other Real Estate Owned” and the book value thereof. (b) Except as would not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect on Sterling, each Loan of Sterling and its Subsidiaries (i) is evidenced by notes, agreements or other evidences of indebtedness that are true, genuine and what they purport to be, (ii) to the extent carried on the books and records of Sterling and its Subsidiaries as secured Loans, has been secured by valid Liens, as applicable, which have been perfected and (iii) is the legal, valid and binding obligation of the obligor named therein, enforceable in accordance with its terms, subject to the Enforceability Exceptions. (c) Except as would not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect on Sterling, each outstanding Loan of Sterling or any of its Subsidiaries (including Loans held for resale to investors) was solicited and originated, and is and has been administered and, where applicable, serviced, and the relevant Loan files are being maintained, in all material respects in accordance with the relevant notes or other credit or security documents, the written underwriting standards of Sterling and its Subsidiaries (and, in the case of Loans held for resale to investors, the underwriting standards, if any, of the applicable investors) and with all applicable federal, state and local laws, regulations and rules.