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1. Parties: Identification of the parties entering into the loss share agreement, including their legal status and registration details
2. Background: Context of the agreement, including the purpose of the loss-sharing arrangement and relevant regulatory framework
3. Definitions and Interpretation: Detailed definitions of key terms including Covered Assets, Loss Share Period, Loss Share Percentage, Claim Process, etc.
4. Scope of Agreement: Defines the specific assets or portfolio covered under the loss-sharing arrangement
5. Loss Share Mechanism: Details of how losses will be shared, including percentages, thresholds, and caps
6. Calculation of Losses: Methodology for calculating covered losses, including eligible expenses and write-downs
7. Claims Process: Procedures and timelines for submitting and processing loss share claims
8. Reporting Requirements: Regular reporting obligations, including frequency, format, and content of reports
9. Representations and Warranties: Standard representations and warranties from both parties
10. Covenants: Ongoing obligations of both parties during the term of the agreement
11. Events of Default: Circumstances constituting default and consequences thereof
12. Term and Termination: Duration of the agreement and circumstances for early termination
13. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law
14. General Provisions: Standard boilerplate clauses including notices, amendments, assignment, etc.
1. Asset Management Obligations: Required when the agreement includes specific requirements for managing covered assets
2. Third Party Administrator: Include when a third party will administer the loss share program
3. Recovery Sharing: Include when parties agree to share any recoveries on previously claimed losses
4. Regulatory Compliance: Detailed section needed when agreement involves specific regulatory requirements or approvals
5. Data Protection and Confidentiality: Enhanced section when agreement involves sensitive customer data
6. Step-in Rights: Include when one party has the right to take over management of covered assets
7. Cross-Default Provisions: Include when agreement is linked to other financial agreements between parties
1. Schedule 1 - Covered Assets: Detailed list and description of assets covered under the agreement
2. Schedule 2 - Loss Share Calculations: Detailed formulae and examples of loss calculations
3. Schedule 3 - Claim Forms: Standard forms and documentation required for loss share claims
4. Schedule 4 - Reporting Templates: Templates for regular reporting requirements
5. Schedule 5 - Service Levels: Timeline and performance standards for claims processing
6. Appendix A - Asset Classification Criteria: Criteria for classifying assets and determining eligibility for loss share
7. Appendix B - Regulatory Approvals: Copies of relevant regulatory approvals and conditions
8. Appendix C - Authorized Signatories: List of authorized representatives for both parties
Acquired Assets
Affiliate
Aggregate Loss
Applicable Law
Asset Coverage Period
Asset Value
Authorized Representative
BOFIA
Book Value
Business Day
CBN
Claim Certificate
Claim Payment
Covered Assets
Covered Loss
Covered Portfolio
Credit Loss
Default Event
Effective Date
Eligible Assets
Excluded Assets
Fair Market Value
First Loss Threshold
Force Majeure Event
Initial Coverage Amount
Loss
Loss Notification
Loss Payment
Loss Share Calculation
Loss Share Percentage
Loss Share Period
Loss Threshold
Material Adverse Effect
Net Loss
Non-Performing Asset
Notice of Claim
Payment Date
Permitted Expenses
Portfolio Value
Quarterly Certificate
Recovered Amount
Recovery Period
Reference Date
Regulatory Authority
Related Party
Reporting Period
Required Consent
Settlement Date
Sharing Ratio
Termination Date
Threshold Amount
Transfer Date
Valuation Date
Valuation Method
Working Day
Interpretation
Duration and Term
Loss Share Mechanism
Asset Coverage
Calculation Methods
Payment Obligations
Claims Process
Reporting Requirements
Representations and Warranties
Covenants
Regulatory Compliance
Asset Management
Record Keeping
Audit Rights
Confidentiality
Data Protection
Force Majeure
Assignment and Transfer
Events of Default
Termination
Dispute Resolution
Governing Law
Jurisdiction
Notices
Amendments
Severability
Entire Agreement
Third Party Rights
Counterparts
Recovery Rights
Indemnification
Asset Valuation
Loss Thresholds
Information Sharing
Compliance with Laws
Anti-Money Laundering
Authority and Capacity
Limitation of Liability
Banking
Financial Services
Insurance
Asset Management
Investment Banking
Microfinance
Development Finance
Financial Technology
Public Finance
Corporate Finance
Legal
Risk Management
Finance
Compliance
Treasury
Credit Risk
Portfolio Management
Regulatory Affairs
Operations
Asset Management
Corporate Finance
Investment
Restructuring
Chief Risk Officer
Chief Financial Officer
Head of Treasury
Legal Counsel
Compliance Officer
Risk Manager
Portfolio Manager
Asset Manager
Credit Risk Analyst
Financial Controller
Regulatory Affairs Director
Banking Operations Manager
Investment Manager
Corporate Finance Director
Restructuring Manager
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