ASC 320 definition

ASC 320 means GAAP Accounting Standards Codification Topic 320.

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ASC 320 means GAAP Accounting Standards Codification Topic 320. “Associate” when used to indicate a relationship with any Person means (a) any corporation or organization (other than TCBC or any of its Subsidiaries) of which such Person is an officer or partner or is, directly or indirectly, the beneficial owner of 10% or more of any class of equity securities, (b) any trust or other estate in which such Person has a substantial beneficial interest or

ASC 320 means GAAP Accounting Standards Codification Topic 320. “Assets” of a Person means all of the assets, properties, deposits, businesses and rights of such Person of every kind, nature, character and description, whether real, personal or mixed, tangible or intangible, accrued or contingent, or otherwise relating to or utilized in such Person’s

Examples of ASC 320 in a sentence

• For the avoidance of doubt, FASB ASC 320 and FASB ASC 220 should apply, and continue to apply, as they exist on the Closing Date unless the Required Lenders and the Borrowers mutually agree otherwise.

• Horizon and Heartland recognize and agree that any changes to the valuation of the Heartland investment portfolio attributed to ASC 320, whether upward or downward, from December 31, 2011 until the measurement date will not be considered in calculating the Heartland Consolidated Common Shareholders’ Equity for purposes of this Section.

• Horizon and SCB recognize and agree that any changes to the valuation of the SCB investment portfolio attributed to ASC 320, whether upward or downward, from September 30, 2013 until the measurement date will not be considered in calculating the SCB Consolidated Common Shareholders’ Equity for purposes of this section.

• Unless mutually agreed upon by the Parties, (i) acquire, sell or otherwise dispose of any debt security or equity investment or any certificates of deposits issued by other banks, except for such acquisitions, sales or other dispositions in the Ordinary Course of Business, or (ii) change the classification method for any of the TB Investment Securities from “held to maturity” to “available for sale” or from “available for sale” to “held to maturity,” as those terms are used in ASC 320.

• Unless otherwise documented, an investment not meeting the requirement to be classified asa cash and cash equivalents will be deemed to be “available for sale” as defined under ASC 320- Investments in Debt and Equity Securities.

• Company Party Disclosure Schedule 3.20 sets forth as of December 31, 2016, Investment Securities owned by Company, reflecting with respect to all such securities, descriptions thereof, CUSIP numbers, designations as securities “available for sale” or securities “held to maturity” (as those terms are used in ASC 320), book values and coupon rates, and any gain or loss with respect to any Investment Securities sold during such time period after December 31, 2016.

• Horizon and Peoples recognize and agree that any changes to the valuation of the Peoples investment portfolio attributed to ASC 320, whether upward or downward, from September 30, 2014 until the measurement date will not be considered in calculating the Peoples Consolidated Common Shareholders’ Equity for purposes of this section.

More Definitions of ASC 320

ASC 320 means Accounting Standards Codification Topic 320, Investments—Debt and Equity Securities.

ASC 320 means GAAP Accounting Standards Codification Topic 320. “ASTM” has the meaning set forth in Section 5.01(w).