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
Samples: Subscription Agreement (First Banks, Inc), Subscription Agreement (Four Oaks Fincorp Inc), Subscription Agreement (MFB Corp)
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
Samples: Master Custodian Agreement (First Banks Inc), Subscription Agreement (First Banks, Inc)
