Closing Tangible Common Equity definition

Closing Tangible Common Equity means the amount in dollars equal to the Tangible Common Equity, as of the close of business on the day immediately preceding the Closing Date, as calculated from the Closing Balance Sheet.
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Closing Tangible Common Equity. Section 3.8(b) “Code” Recitals “Common Voting Agreements” Recitals “Company” Preamble “Company 401(k) Plan” Section 6.12(a)(1) “Company Articles” Section 2.5 “Company Bank Sub” Recitals “Company FA” Section 5.2(i) “Company Financial Statements” Section 5.2(j)(1) “Company Meeting” Section 6.2
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Closing Tangible Common Equity means Valley’s tangible common shareholders’ equity calculated in accordance GAAP, regulatory accounting requirements and Valley’s policies and procedures as of the date of this Agreement, after giving effect to the Special Dividend but prior to any pre-closing adjustments effectuated in accordance with Section 6.14 and the Transaction Costs.
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Examples of Closing Tangible Common Equity in a sentence

  • Any such pre-closing adjustments that CVB shall direct shall be disregarded for purposes of determining the satisfaction of the conditions set forth in Section 7.2(j) hereof, the Closing Tangible Common Equity, and any as reductions in the Aggregate Cash Amount.

  • The Final Closing Balance Sheet issued by the Independent Arbitrator, as well as the amount of Closing Tangible Common Equity set forth therein, will be final and binding on the parties.

  • In each case as reflected in the Closing Financial Statements: (i) IAB Bank shall be "well capitalized" as defined under applicable Law; and (ii) the Closing Tangible Common Equity (as determined in accordance with Section 7.16(b)) shall be no less than $17,500,000.

  • The Closing Tangible Common Equity of the Company shall be greater than or equal to the Minimum Tangible Common Equity.

  • Seller shall be deemed to have agreed with Buyer’s preparation or calculation of or any line item in, as applicable, the Closing Balance Sheet, Closing Tangible Common Equity, Closing Purchase Price Premium, Closing Loan Reserve Adjustment, Closing Loan ▇▇▇▇ Amount, and Closing Transaction Expenses, in each case, other than as specified in the Notice of Disagreement.

  • The parties will use commercially reasonable efforts to cause the Independent Arbitrator to resolve any dispute and issue a Final Closing Balance Sheet confirming the correct Closing Tangible Common Equity (as determined in accordance with this Agreement), as of a new expected Closing Date determined by the parties, within ten (10) business days following engagement.

  • The Final Closing Balance Sheet, and the calculation of the Closing Tangible Common Equity contained therein, agreed to between the parties shall become final and binding.

Related to Closing Tangible Common Equity

  • Contributed Capital means, with respect to a Common Unitholder holding Capital Commitments, the aggregate amount of capital contributions from such Common Unitholder’s Capital Commitments that have been funded by such Common Unitholder to purchase Units. For the avoidance of doubt, Contributed Capital will not take into account distributions of the Fund’s investment income (i.e., proceeds received in respect of interest payments, dividends or fees, net of expenses) to the investors. Following the Investment Period, the Adviser may issue Drawdown Notices, and Common Unitholders will be required to make Drawdown Purchases, for the purposes described in Section 4.1(b).

  • Excluded Equity means any Voting Stock in excess of 66% of the total outstanding Voting Stock of any direct Subsidiary of any Grantor that is a Non-U.S. Person. For the purposes of this definition, “Voting Stock” means, as to any issuer, the issued and outstanding shares of each class of capital stock or other ownership interests of such issuer entitled to vote (within the meaning of Treasury Regulations § 1.956-2(c)(2)).

  • Contribution Value shall have the meaning set forth in Section 2.02 of the Contribution Agreement.

  • Adjusted Equity means the Equity funded in Indian Rupees and adjusted on the first day of the current month (the “Reference Date”), in the manner set forth below, to reflect the change in its value on account of depreciation and variations in WPI, and for any Reference Date occurring:

  • Taxable value per membership pupil means taxable value, as certified by the department of treasury, for the calendar year ending in the current state fiscal year divided by the district’s membership excluding special education pupils for the school year ending in the current state fiscal year.