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"consolidated-balance-sheet", "type": "definition", "offset": [1058, 1084]}, {"key": "delivery-of-the", "type": "clause", "offset": [1263, 1278]}, {"key": "in-good-faith", "type": "definition", "offset": [1339, 1352]}, {"key": "reasonable-estimates", "type": "clause", "offset": [1368, 1388]}, {"key": "for-purposes-of", "type": "clause", "offset": [1397, 1412]}, {"key": "the-total", "type": "clause", "offset": [1425, 1434]}], "size": 1, "samples": [{"hash": "9Yblfuvt7fv", "uri": "http://pdf.secdatabase.com/482/0000356171-21-000038.pdf", "label": "pdf.secdatabase.com", "score": 10.8412046432, "published": false}], "snippet": "means Valley\u2019s total shareholders\u2019 equity, as reflected on the Closing Financial Statements, adjusted by: (i) excluding intangible assets (except deferred tax assets); (ii) excluding increases in shareholders\u2019 equity resulting from the exercise of stock options following the date of this Agreement; (iii) excluding changes in other accumulated 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For purposes of the foregoing definition, \u201ca reasonable projection of operations\u201d will be based on $20,300 per calendar day.", "hash": "bdb69d10f0858723931e17a4ae773158", "id": 8}, {"snippet_links": [{"key": "total-shareholders", "type": "definition", "offset": [15, 33]}, {"key": "closing-financial-statements", "type": "definition", "offset": [63, 91]}, {"key": "intangible-assets", "type": "definition", "offset": [120, 137]}, {"key": "deferred-tax-assets", "type": "definition", "offset": [146, 165]}, {"key": "resulting-from-the", "type": "clause", "offset": [217, 235]}, {"key": "exercise-of-stock-options", "type": "clause", "offset": [236, 261]}, {"key": "following-the", "type": "definition", "offset": [262, 275]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [276, 298]}, {"key": "changes-in", "type": "clause", "offset": [316, 326]}, {"key": "income-or-loss", "type": "clause", "offset": [359, 373]}, {"key": "merger-related-expenses", "type": "definition", "offset": [427, 450]}, {"key": "adjusted-basis", "type": "definition", "offset": [481, 495]}, {"key": "shareholder-litigation", "type": "clause", "offset": [517, 539]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [685, 710]}, {"key": "to-the-extent", "type": "clause", "offset": [737, 750]}, {"key": "tax-benefit", "type": "clause", "offset": [763, 774]}, {"key": "based-on", "type": "definition", "offset": [841, 849]}, {"key": "marginal-tax-rate", "type": "definition", "offset": [859, 876]}, {"key": "provided-that", "type": "definition", "offset": [878, 891]}, {"key": "accumulated-other-comprehensive-income", "type": "definition", "offset": [947, 985]}, {"key": "in-accordance-with", "type": "definition", "offset": [1020, 1038]}, {"key": "consolidated-balance-sheet", "type": "definition", "offset": [1057, 1083]}, {"key": "delivery-of-the", "type": "clause", "offset": [1262, 1277]}, {"key": "in-good-faith", "type": "definition", "offset": [1338, 1351]}, {"key": "reasonable-estimates", "type": "clause", "offset": [1367, 1387]}, {"key": "for-purposes-of", "type": "clause", "offset": [1396, 1411]}, {"key": "the-total", "type": "clause", "offset": [1424, 1433]}], "size": 1, "samples": [{"hash": "jPiTvMVFLHf", "uri": "/contracts/jPiTvMVFLHf#adjusted-tangible-common-equity", "label": "Merger Agreement (Trico Bancshares /)", "score": 32.5701560974, "published": true}], "snippet": "means Valley\u2019s total shareholders\u2019 equity, as reflected on the Closing Financial Statements, adjusted by: (i) excluding intangible assets (except deferred tax assets); (ii) excluding increases in shareholders\u2019 equity resulting from the exercise of stock options following the date of this Agreement; (iii) excluding changes in other accumulated comprehensive income or loss following the date of this Agreement; (iv) deducting Merger Related Expenses not paid or accrued, on a tax-adjusted basis; (v) adding back any shareholder litigation or community-based protests expenses; and (vi) adding back up to $6,550,000 in Merger Related Expenses, whether or not paid or accrued by Valley prior to the Closing Date, on a tax-adjusted basis (to the extent there was a tax benefit recorded by Valley as a result of the incurrence of such expense) based on Valley\u2019s marginal tax rate; provided that \u201ctotal shareholders\u2019 equity,\u201d \u201cintangible assets\u201d and \u201caccumulated other comprehensive income or loss\u201d shall each be calculated in accordance with GAAP and Valley\u2019s consolidated balance sheet at December 31, 2020, as included in the Valley Financial Statement; provided further, to the extent any Merger Related Expenses are unknown or cannot be calculated prior to the delivery of the Closing Financial Statements, Valley and TriCo shall confer in good faith and agree upon reasonable estimates thereof for purposes of determining the total Merger Related Expenses.", "hash": "c276cf0e0132b66734fd6f7958909ac2", "id": 9}, {"snippet_links": [{"key": "sum-of", "type": "clause", "offset": [14, 20]}, {"key": "total-stockholders", "type": "definition", "offset": [29, 47]}, {"key": "common-equity", "type": "definition", "offset": [49, 62]}, {"key": "in-accordance-with", "type": "definition", "offset": [83, 101]}, {"key": "close-of-business", "type": "clause", "offset": [117, 134]}, {"key": "the-determination", "type": "clause", "offset": [138, 155]}, {"key": "as-adjusted", "type": "definition", "offset": [161, 172]}, {"key": "the-operations", "type": "clause", "offset": [215, 229]}, {"key": "the-effective-time", "type": "clause", "offset": [246, 264]}, {"key": "conversion-of", "type": "clause", "offset": [277, 290]}, {"key": "series-b-preferred-stock", "type": "definition", "offset": [300, 324]}, {"key": "determination-date-transaction-expenses", "type": "definition", "offset": [339, 378]}, {"key": "the-value", "type": "clause", "offset": [404, 413]}, {"key": "intangible-assets", "type": "definition", "offset": [421, 438]}, {"key": "the-transaction", "type": "clause", "offset": [642, 657]}, {"key": "the-foregoing", "type": "clause", "offset": [702, 715]}, {"key": "of-operations", "type": "clause", "offset": [753, 766]}, {"key": "based-on", "type": "definition", "offset": [776, 784]}, {"key": "monthly-operations", "type": "clause", "offset": [797, 815]}, {"key": "period-ending", "type": "clause", "offset": [845, 858]}], "size": 1, "samples": [{"hash": "qyRJnm05cm", "uri": "/contracts/qyRJnm05cm#adjusted-tangible-common-equity", "label": "Merger Agreement (Heartland Financial Usa Inc)", "score": 30.1553726196, "published": true}], "snippet": "means (a) the sum of (i) the total stockholders\u2019 common equity of BVBC, determined in accordance with GAAP as of the close of business on the Determination Date as adjusted to reflect (X) a reasonable projection of the operations of BVBC through the Effective Time and (Y) the conversion of the BVBC Series B Preferred Stock, and (ii) the Determination Date Transaction Expenses, less (b) the sum of (x) the value of the Intangible Assets determined as of the close of business on the Determination Date as adjusted to reflect a reasonable projection of the operations of BVBC through the Effective Time, and (y) the amount, if any, by which the Transaction Expenses exceed $6,300,000. For purposes of the foregoing definition, \u201ca reasonable projection of operations\u201d will be based on the average monthly operations of BVBC during the six-month period ending on the Determination Date.", "hash": "8273291b5dcb0425a15b0b180048658a", "id": 10}], "next_curs": "CmwSZmoVc35sYXdpbnNpZGVyY29udHJhY3RzckgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIoYWRqdXN0ZWQtdGFuZ2libGUtY29tbW9uLWVxdWl0eSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 32, "snippet": "means the Company\u2019s common stockholder\u2019s equity less goodwill and intangible assets, adjusted to exclude disallowed deferred tax assets.", "title": "Adjusted Tangible Common Equity", "id": "adjusted-tangible-common-equity", "examples": ["As of the Closing Date, (i) the <strong>Adjusted Tangible Common Equity</strong> shall not be less than $161,843,000, and (ii) the Company\u2019s ALLL shall not be less than $18,086,000, in each case as determined in accordance with GAAP, and the Company shall have delivered the certificate of the Chief Financial Officer of the Company contemplated by Section 6.21.", "The Closing Financial Statements and the calculation of the <strong>Adjusted Tangible Common Equity</strong> shall be accompanied by a certificate of Cornerstone\u2019s Chief Financial Officer to the effect that such financial statements calculation meet the requirements of this Section 6.19(a) and this Agreement.", "Within five (5) Business Days following the Determination Date, AIM will prepare and deliver to Heartland its good faith determination of (a) the <strong>Adjusted Tangible Common Equity</strong>, together with reasonable support therefor (including the AIM Determination Date Balance Sheet), and (b) the AIM Determination Date Transaction Expenses, together with reasonable support therefor.", "The calculation of <strong>Adjusted Tangible Common Equity</strong> (whether in any Interim Calculations or the Final Calculation) shall be consistent with the terms of this Agreement and the methodology and example set forth in Section 6.24 of the Company Disclosure Schedule.", "If the <strong>Adjusted Tangible Common Equity</strong> is greater than $114,800,000, the Cash Consideration will be increased by an amount equal to (x) the lesser of (A) $5,000,000 and (B) the amount by which the <strong>Adjusted Tangible Common Equity</strong> is above $114,800,000, divided by (y) the Citywide Shares Outstanding (the \u201cUpwardly Adjusted Cash Consideration\u201d).", "If AIM and Heartland agree on the amount of the <strong>Adjusted Tangible Common Equity</strong>, such amount will be final and conclusive.", "If Citywide and Heartland agree on the amount of the <strong>Adjusted Tangible Common Equity</strong>, such amount will be final and conclusive.", "The Shareholder further acknowledges that if the Parent Preferred Stock is issued to the Shareholder in accordance with the provisions of this Agreement, such Parent Preferred Stock or the Common Stock to which it can be converted, may not be resold without registration under the Securities Act or the existence of an exemption therefrom.", "Within five (5) Business Days following the Determination Date, BVBC will prepare and deliver to Heartland its good faith determination of (a) the <strong>Adjusted Tangible Common Equity</strong>, together with reasonable support therefor (including the BVBC Determination Date Balance Sheet), and (b) the BVBC Determination Date Transaction Expenses, together with reasonable support therefor.", "If the <strong>Adjusted Tangible Common Equity</strong> is greater than $148,000,000, the Cash Consideration will be increased by an amount equal to (i) the lesser of (x) $5,000,000, and (y) the amount by which the <strong>Adjusted Tangible Common Equity</strong> is above $148,000,000, divided by (ii) the AIM Common Shares Outstanding (the \u201cUpwardly Adjusted Cash Consideration\u201d)."], "related": [["adjusted-tangible-net-worth", "Adjusted Tangible Net Worth", "Adjusted Tangible Net Worth"], ["704c-value", "704(c) Value", "704(c) Value"], ["consolidated-tangible-net-assets", "Consolidated Tangible Net Assets", "Consolidated Tangible Net Assets"], ["adjusted-total-assets", "Adjusted Total Assets", "Adjusted Total Assets"], ["adjusted-consolidated-net-tangible-assets", "Adjusted Consolidated Net Tangible Assets", "Adjusted Consolidated Net Tangible Assets"]], "related_snippets": [], "updated": "2026-03-05T04:26:20+00:00"}, "json": true, "cursor": ""}}