Bank Tangible Book Value definition

Bank Tangible Book Value means the stockholders’ equity of the Bank as determined in accordance with GAAP, less the sum of goodwill and other intangible assets.
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Examples of Bank Tangible Book Value in a sentence

  • Not less than five (5) Business Days prior to the Closing Date, Parent shall prepare in good faith and deliver to Buyer a statement (the “Final Closing Statement”) reflecting the Bank Tangible Book Value as of the Purchase Price Determination Date (the “Final Bank Tangible Book Value”).

  • To the extent that the Bank Tangible Book Value exceeds $65,625,000 as of the Purchase Price Determination Date, the Bank shall declare and pay a dividend to Parent (the “Bank Dividend”) on the Closing Date for the amount of the Bank Tangible Book Value in excess of $65,625,000 and, in such event, the Bank Tangible Book Value shall be $65,625,000.

  • THIS AGREEMENT, dated as of May 1, 2012, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of its series, Forward EM Corporate Debt Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).

  • Notwithstanding anything to the contrary in this Agreement, the Bank (and Buyer Bank, as successor) shall remain responsible for paying any Tax amounts that are included as liabilities in the determination of Bank Tangible Book Value as of the Closing Date.

  • If Buyer does not timely deliver an Objection Notice within such three (3) Business Day period, the Final Bank Tangible Book Value set forth in the Final Closing Statement delivered by Parent shall be utilized for the calculation of the Purchase Price pursuant to Section 2.02(a) of this Agreement.

  • Upon reaching its determination of the Final Bank Tangible Book Value, the Neutral Auditor shall deliver a copy of its calculation of the Final Bank Tangible Book Value to Buyer and Parent.

  • Except as otherwise provided herein, Parent shall be entitled to receive from Buyer all refunds (or credits for overpayments actually realized by Buyer) of Taxes, including any interest thereon received from any Governmental Authority, attributable to Pre-Closing Tax Periods to the extent not included in the Bank Tangible Book Value (a “Pre-Closing Tax Refund”).

  • Buyer shall have until the end of the Due Diligence Contingency Period to approve the condition of title to the Property.