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Extra info for Bank Governance Contracts: Establishing Goals and Accountability in Bank Restructuring (World Bank Discussion Papers ; 308)
Agreement" means this agreement, including all annexes and amendments, between the parties. 9. "Annual Budget" means the Annual Budget of the Bank as adopted and approved in accordance with Section ___. 10. "Bank" or "XXX" means the XXX Bank and unless, otherwise specified (or obvious in the context of a given paragraph) its executive officers and board members. 11. "Board" means the Board of Directors of the Bank established in accordance with Section ___ of the ___ Act. 12. "Business Plan" means the Business Plan of the Bank as approved and adopted in accordance with Section ___.
V) Format for Monitoring Classified Exposures. ). By the Specified date, the Board will begin reviewing these reports (on a monthly basis) for all exposures in excess of $___. (vi) Action Plan for Each Classified Borrower. Management will establish, subject to Board review, criteria for work out plans appropriate to the financial exposure to the Bank.
Government Conditions Precedent. (This section identifies any approvals or actions that are required and that must be performed by a government entity other than a Party to this Agreement prior to this Agreement becoming legally enforceable. ) Article II Definitions 8. "Agreement" means this agreement, including all annexes and amendments, between the parties. 9. "Annual Budget" means the Annual Budget of the Bank as adopted and approved in accordance with Section ___. 10. "Bank" or "XXX" means the XXX Bank and unless, otherwise specified (or obvious in the context of a given paragraph) its executive officers and board members.