Section # Non-Performing Assets to Tangible Primary Capital Ratio. The Borrower will not permit the ratio of Non-Performing Assets to Tangible Primary Capital of any Subsidiary Bank, (expressed as a percentage), as of the last day of each fiscal quarter ending # on or after March 31, 2019 to and including March 31, 2020, to be greater than 15.00%, and # on or after June 30, 2020, to be greater than 20.00%.
. The Borrower will not permit the ratio of Non-Performing Assets to Tangible Primary Capital of any Subsidiary Bank, (expressed as a percentage), as of the last day of each fiscal quarter ending on or after March 31, 2019, to be greater than 15.00%.
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