Immediately. after the issuance of the Debentures, the debt-to-equity ratio of the Company (as determined for financial accounting purposes, but excluding deposit liabilities from the Company's debt) will be within standard depository institution industry norms and, in any event, will be no higher than four to one (4 : 1).
Appears in 6 contracts
Sources: Placement Agreement (MFB Corp), Placement Agreement (First Banks, Inc), Placement Agreement (First Banks, Inc)
Immediately. after the issuance of the Debentures, the debt-to-to- equity ratio of the Company (as determined for financial accounting purposes, but excluding deposit liabilities from the Company's debt) will be within standard depository institution industry norms and, in any event, will be no higher than four to one (4 : 1).
Appears in 2 contracts
Sources: Placement Agreement (First Banks Inc), Placement Agreement (First Banks, Inc)