Common use of Problem Loans Clause in Contracts

Problem Loans. Make, commit to make any, renew, extend the maturity of, or alter any of the material terms of any Loan to a borrower or to a known related interest of a borrower who is classified as “substandard” by SI Bank;

Appears in 2 contracts

Sources: Merger Agreement (State Investors Bancorp, Inc.), Agreement and Plan of Reorganization (First NBC Bank Holding Co)