Minimum Capital Requirements Clause Samples
The Minimum Capital Requirements clause sets a baseline amount of capital that a party, typically a company or financial institution, must maintain throughout the duration of an agreement. This clause often specifies the minimum net worth or equity that must be held, and may require regular reporting or certification to demonstrate compliance. Its core function is to ensure the party remains financially stable and capable of meeting its obligations, thereby reducing the risk of default and protecting the interests of counterparties.
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Minimum Capital Requirements. Notwithstanding any provision of this Agreement to the contrary, the Option granted under the Agreement shall expire, to the extent not exercised, within 45 days following the receipt of notice from the Bank’s state or primary federal regulator (“Regulator”) that (i) the Bank has not maintained its minimum capital requirements (as determined by the Regulator) and (ii) the Regulator is requiring termination or forfeiture of options. Upon receipt of such notice from the Regulator, the Company shall promptly notify each Participant that the Option issued under this Agreement has become fully exercisable and vested to the full extent of the grant and that the Participant must exercise the Option granted to him prior to the end of the 45-day period or such earlier period as may be specified by the Regulator or forfeit the Option. In case of forfeiture, the Participant shall have no cause of action, of any kind or nature, with respect to the forfeiture against the Company or any Affiliate. Neither the Company nor any Affiliate shall be liable to the Participant due to the failure or inability of the Company or any Affiliate to provide adequate notice to the Participant.
Minimum Capital Requirements. Notwithstanding any provision of this Agreement to the contrary, during the first three years following the date that Grand River Bank (“Bank”) opens for business, the Option granted under the Agreement shall expire, to the extent not exercised, within 45 days following the receipt of notice from the Bank’s primary federal regulator (“Regulator”) that (i) the Bank has not maintained its minimum capital requirements (as determined by the Regulator) and (ii) the Regulator is requiring termination or forfeiture of Options. Upon receipt of such notice from the Regulator, the Company shall promptly notify each Participant that the Option issued under this Agreement has become fully exercisable Vested Shares to the full extent of the grant and that the Participant must exercise the Option granted to him prior to the end of the 45-day period or such earlier period as may be specified by the Regulator or forfeit the Option. In case of forfeiture, the Participant shall have no cause of action, of any kind or nature, with respect to the forfeiture against the Company or any Affiliate. Neither the Company nor any Affiliate shall be liable to the Participant due to the failure or inability of the Company or any Affiliate to provide adequate notice to the Participant.
Minimum Capital Requirements. Make any final Additional Capital Determination or any determination regarding the respective Additional Capital Amounts required to be made by Members in connection therewith; or approve the amount of cash or cash equivalents that should be retained by the Company in order to meet minimum regulatory capital and reserve requirements imposed by any Governmental Entity, whether in connection with retaining the licenses and registrations necessary for the Company to originate Mortgage Loans or otherwise, or by any creditor of the Company or any of its Subsidiaries, including any lender under the Loan Funding Facility (the “Minimum Capital Requirements”);
Minimum Capital Requirements. (a) Minimum capital requirements. (1) A national bank or Federal savings asso- ciation must maintain the following minimum capital ratios:
(i) A common equity tier 1 capital ratio of 4.5 percent.
(ii) A tier 1 capital ratio of 6 percent.
(iii) A total capital ratio of 8 percent.
(iv) A leverage ratio of 4 percent.
(v) For advanced approaches national banks or Federal savings associations or, for Category III OCC-regulated in- stitutions, a supplementary leverage ratio of 3 percent.
(vi) For Federal savings associations, a tangible capital ratio of 1.5 percent.
Minimum Capital Requirements. The Balance Sheets delivered by the Company shall satisfy the Minimum Capital Requirements.
Minimum Capital Requirements. A System institution must maintain the following minimum capital ratios:
(1) A common equity tier 1 (CET1) capital ratio of 4.5 percent.
(2) A tier 1 capital ratio of 6 percent.
(3) A total capital ratio of 8 percent.
(4) A tier 1 leverage ratio of 4 per- cent, of which at least 1.5 percent must be composed of URE and URE equiva- ▇▇▇▇▇.
(5) [Reserved]
(6) A permanent capital ratio of 7 percent.
Minimum Capital Requirements. The Estimated Closing Date Balance Sheets delivered by the Stockholders shall satisfy the Minimum Capital Requirements.
Minimum Capital Requirements. Each SBLC must maintain, at a min- imum, unencumbered paid-in capital and paid-in surplus of at least $1,000,000, or ten percent of the aggre- gate of its share of all outstanding loans, whichever is more.
Minimum Capital Requirements. Borrower shall cause SAMCO to maintain, as of the end of each fiscal month, Regulatory Capital which exceeds the sum of (a) 5% of Debit Balances plus (b) Debt Service.
Minimum Capital Requirements. Regulations of the Department impose on New Jersey chartered depository institutions, including the Bank, minimum capital requirements similar to those imposed by the FDIC on insured state banks. See "-- Federal Banking Regulation -- Capital Requirements" below.