Adjusted Equity Capital definition

Adjusted Equity Capital means Beeville’s total consolidated equity capital, as determined in accordance with generally accepted accounting principles, consistently applied (“GAAP”), after giving effect to any unrealized gains or losses in the Securities Portfolio (as defined herein), less all intangible assets and the Final Transaction Costs (as defined below) to the extent not paid or accrued by Beeville as of the Calculation Date.
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Adjusted Equity Capital means the Bank’s Total Equity Capital, adjusted to exclude the effects of (a) any increases or decreases in the Bank’s Total Equity Capital after June 30, 2005 that result solely from the application of SFAS No. 115 to the Bank’s available for sale Investment Securities; (b) earnings accrued and retained in connection with gains resulting from the sale of any Investment Securities or other assets occurring after June 30, 2005, other than earnings accrued and retained in connection with gains on the sale of any Excluded Assets; (c) any Closing Adjustments made at Purchaser’s request pursuant to Section 7.4(e). In determining Adjusted Equity Capital, there will be no positive or negative adjustments for (i) any loan loss reserves that exceed the reserves required by SFAS 5 and SFAS 114; and (ii) any Loan write-offs or Loan reclassifications for which the Bank has established an adequate specific reserve pursuant to SFAS 114, or that are covered by general reserves established by the Bank in excess of the general reserves required by SFAS 5.
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Adjusted Equity Capital means CBI’s total consolidated equity capital, as determined in accordance with generally accepted accounting principles, consistently applied (“GAAP”), after giving effect to any unrealized gains or losses in the Securities Portfolio (as defined herein), less all intangible assets and the Final Transaction Costs (as defined below) to the extent not paid or accrued by CBI as of the Calculation Date.
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Examples of Adjusted Equity Capital in a sentence

  • If Beeville’s Adjusted Equity Capital (as defined below) is less than $34,750,000 (the “Minimum Equity Capital”) as of the close of business on the Business Day preceding the Closing Date (such date the “Calculation Date”), then the Aggregate Cash Consideration will be reduced, on a dollar for dollar basis, by an amount equal to the difference between the Minimum Equity Capital and the Adjusted Equity Capital as of the Calculation Date.

  • If CBI’s Adjusted Equity Capital (as defined below) is less than $36,250,000 (the “Minimum Equity Capital”) as of the close of business on the Business Day preceding the Closing Date (such date the “Calculation Date”), then the Aggregate Cash Consideration will be reduced, on a dollar for dollar basis, by an amount equal to the difference between the Minimum Equity Capital and the Adjusted Equity Capital as of the Calculation Date.

  • No Closing Adjustment that the Bank would not have made but for this Section 7.4 shall change or otherwise affect the calculation of the Purchase Price, constitute a breach by Shareholder of any warranty, representation or covenant made herein, have any effect on the Bank’s Total Equity Capital or Adjusted Equity Capital, or constitute a Bank Material Adverse Effect.

  • The Bank may transfer any or all of the Excluded Assets to Shareholder or to another Person prior to the Closing Date through any lawful means (including through a special dividend to Shareholder), but only if such transfers would not, in and of themselves or in combination with other factors, cause the Bank’s Adjusted Equity Capital to be less than the Bank’s Minimum Capital Level on the Closing Date.