AB Capital definition

AB Capital means AB’s capital stock, surplus and retained earnings determined in accordance with GAAP on a consolidated basis, net of goodwill and other intangible assets, calculated in the same manner in which AB’s consolidated tangible equity capital at December 31, 2020, was calculated, after giving effect to adjustments, calculated in accordance with GAAP, for accumulated other comprehensive income or loss as reported on AB’s or the Bank’s balance sheet. For purposes of determining AB Closing Capital, purchase accounting adjustments and the Final Transaction Related Expenses of up to the Maximum Transaction Expenses Amount will not be taken into account. To the extent Final Transaction Related Expenses exceed the Maximum Transaction Expenses Amount, the difference, on an after-tax basis (applying an effective tax rate of 21.0 percent to reflect proportionately items that are deductible under applicable Tax Laws to those that are not), will be treated as a reduction of AB Capital for purposes of determining AB Closing Capital (regardless of whether such amounts are required to be expensed in accordance with GAAP).
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AB Capital means AB's capital stock, surplus and retained earnings determined in accordance with GAAP on a consolidated basis, net of goodwill and other intangible assets, calculated in the same manner in which AB's consolidated tangible equity capital at December 31, 2020, was calculated, after giving effect to adjustments, calculated in accordance with GAAP, for accumulated other comprehensive income or loss as reported on AB's or the Bank's balance sheet. For purposes of determining AB Closing Capital, purchase accounting adjustments and the Final Transaction Related Expenses of up to the Maximum Transaction Expenses Amount will not be taken into account. To the extent Final Transaction Related Expenses exceed the Maximum Transaction Expenses Amount, the difference, on an after-tax basis (applying an effective tax rate of 21.0 percent to reflect proportionately items that are deductible under applicable Tax Laws to those that are not), will be treated as a reduction of AB Capital for purposes of determining AB Closing Capital (regardless of whether such amounts are required to be expensed in accordance with GAAP). "AB Closing Capital" has the meaning assigned to such term in Section 4.13. "AB ESOP" means the Altabancorp Employee Stock Ownership Plan (previously named the People's Utah Bancorp Employee Stock Ownership Plan), as amended. "AB Financial Statements" means AB's (a) audited consolidated balance sheets as of December 31, 2018, 2019 and 2020, and the related statements of income, cash flows and changes in shareholders' equity for each of the years then ended, and (b) unaudited consolidated balance sheet as of March 31, 2021, and the related unaudited consolidated statements of income, cash flows, and changes in shareholders' equity for the period then ended. "AB Insiders" has the meaning assigned to such term in Section 4.18. "AB Meeting" has the meaning assigned to such term in Section 4.3.2. "AB Options" has the meaning assigned to such term in Section 3.1.3(c). "AB Regulatory Reports" has the meaning assigned to such term in Section 3.1.4(a). "AB RSUs" has the meaning assigned to such term in Section 1.4.2. "AB Securities" has the meaning assigned to such term in Section 3.1.3(c). "AB SEC Reports" has the meaning assigned to such term in Section 3.1.4(b). "AB Stock" means the shares of AB common stock, $.01 par value per share, issued and outstanding from time to time.
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Examples of AB Capital in a sentence

  • GBCI shall review such materials and, within three Business Days following receipt thereof, notify AB as to whether GBCI accepts or disputes the amount of the estimated AB Capital.

  • Series 2006-1A Class E, L+370, 12/20/20 11,000,000 0.2 % 59.934 6,592,755 58.560 6,441,600 (151,155 ) AB Capital Holdings LLC Class A-1 Common Stock 2,000,000 0.1 % 1.000 2,000,000 1.395 2,790,198 790,198 A-D Conduit Holdings, LLC Common Stock 2,778 0.2 % 999.999 2,777,686 2187.069 6,075,000 3,297,314 AHC Mezzanine LLC Common Stock 10,000 0.0 % 1000.000 10,000,000 0.000 0 (10,000,000 ) AIC Credit Opportunity Fund LLC Limited Liability Company 2.9 % 71,564,708 76,204,985 4,640,277 CA Holding, Inc.

  • Employee shall report directly to Brent Stevens, the Chief Executive Officer of A.B. Capital, L.L.C.

  • D.) Upon receiving notice of the termination or non-renewal of the Margin Facility, the Customer may discharge his obligations either by making the necessary payment or ordering AB Capital Securities, Inc.

  • Should the market value of the collateral fall below the required margin, the Customer upon written notice of AB Capital Securities Inc., shall deliver to AB Capital Securities, Inc., under indenture, enough additional security (consisting of marketable securities acceptable to AB Capital Securities, Inc.) on the next trading day after such notice is made, to restore the collateral cover to AB Capital Securities, Inc.

  • The obligations of Assignor and Assignee under this Assignment are subject to the closing of the transaction set forth in that certain Asset Purchase and Sale Agreement, dated January 15, 1999, by and between the Assignor and Assignee, as designee of AB Capital, LLC.

  • Upon the Customer’s failure to comply with this requirement, AB Capital Securities, Inc.

  • Notwithstanding the forgoing, the Borrower may make the A&B Capital Contribution on the Initial Funding Date and the Spinoff may be consummated.

  • Notices shall be addressed as follows: To Buyer at: AB Capital, L.L.C. c/▇ ▇▇▇▇▇▇▇▇▇ & Company, Inc.

  • Pursuant to the terms of the Asset Purchase and Sale Agreement dated as of January 15, 1999, as amended (the "Asset Acquisition Agreement"), by and between Greater Dubuque Riverboat Entertainment Company, L.C., an Iowa limited liability company ("GDREC"), and PGP (formerly AB Capital, LLC), PGP or its permitted designee will purchase (the "Asset Acquisition") certain assets from GDREC, including the assets comprising the Diamond Jo riverboat casino located in Dubuque, Iowa (the "Diamond Jo").