Common use of Minimum Capital Clause in Contracts

Minimum Capital. The Borrower shall cause Embassy Bank to at all times maintain such capital and other requirements as are necessary to be classified as a “well capitalized” institution for both Tier I and Tier II capital purposes, in accordance with all federal and state laws and regulations applicable to Pennsylvania state chartered banks. As and when requested by the Bank, the Borrower will certify the Borrower’s compliance with this covenant to the Bank.