Critically undercapitalized definition

Critically undercapitalized means, with respect to a public
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Critically undercapitalized means, with respect to a public depository, "critically undercapitalized" as the term is defined in subsection (b) of section 38 of the "Federal Deposit Insurance Act," Pub.L.81-797 (12 U.S.C. s.1831o(b)), or subsection (c) of section 216 of title II of the "Federal Credit Union Act," Pub.L.73-467 (12 U.S.C. s.1790d(c)), as applicable, and their implementing regulations;
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Critically undercapitalized means the paid‑in capital, retained earnings and undivided profits of the Wyoming financial institution are less than two percent (2%) of the total assets of the financial institution;
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Examples of Critically undercapitalized in a sentence

  • Critically undercapitalized if it fails to maintain the eligible assets prescribed under § 347.210 of this chap- ter at 102 percent or more of the pre- ceding quarter’s average book value of the insured branch’s third-party liabil- ities.

  • Critically undercapitalized if the Enterprise is otherwise classified as significantly undercapitalized.

  • Critically undercapitalized if it is otherwise classified as significantly undercapitalized.(b) Grounds for discretionary reclassi- fication.

  • Critically undercapitalized refers to depository institutions with minimal capital and at serious risk for government seizure.

  • Critically undercapitalized depository institutions are subject to appointment of a receiver or conservator.

  • Table 3: Critically undercapitalized category and bank resolutions.

  • Critically undercapitalized banks face receivership unless their condition improves quickly, and activities that might increase their risk expo- sure are to be restricted.In addition to the mandatory actions, the prompt corrective action framework also includes a list of discretionary steps.

  • Critically undercapitalized are also subject to restrictions in 12 U.S.C. § 1831o(i).

  • Receives notice that a submitted net worth restoration plan has not been approved.(5) Critically undercapitalized if it has a net worth ratio of less than 2.0 percent.TABLE 1 TO § 702.102—CAPITAL CATEGORIES A credit union’s capital classification is .

  • Critically undercapitalized if itfails to maintain the eligible assets prescribed under § 347.210 of this chapter at 102 percent or more of the preceding quarter’s average book value of the insured branch’s third-party liabilities.* * * * * PART 327—ASSESSMENTS■ 9.


More Definitions of Critically undercapitalized

Critically undercapitalized means, with respect to a public depository, “critically undercapitalized” as the term is defined in N.J.S.A. 17:9-41.
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Related to Critically undercapitalized

  • Well Capitalized Well Capitalized shall mean, with respect to any Insured Depository Institution, the maintenance by such Insured Depository Institution of capital ratios at or above the required minimum levels for such capital category under the regulations promulgated pursuant to Section 1831(o) of the United States Code, as amended from time to time, by the Appropriate Federal Banking Agency for such institution, as such regulation may be amended from time to time.

  • Historically Underutilized Business or “HUB” means a minority or women-owned business as defined by Texas Government Code, Chapter 2161.

  • Adequately Capitalized means compliance with the capital standards for bank holding companies as described in the Bank Holding Company Act of 1956, as amended, and regulations promulgated thereunder.

  • Acutely mentally ill means a condition which is limited to a

  • Economically disadvantaged means to be eligible to receive free or reduced price

  • Financially Evaluated Entity means the company which has been evaluated for the satisfaction of the financial requirement set forth in Clause 2.1.3 hereof;

  • Hospitalized means admitted to a Hospital for a period of at least 24 hours or where the patient is charged by the Hospital for a minimum of one day of inpatient charges.

  • Small disadvantaged business concern means a small business concern that represents, as part of its offer that—

  • Developmentally disabled person means a person who has a disability defined in RCW 71A.10.020. RCW 26.44.020

  • Small employer means any employer that had total revenue of less than $500,000 during the preceding taxable year. For purposes of this division, "total revenue" means receipts of any type or kind, including, but not limited to, sales receipts; payments; rents; profits; gains, dividends, and other investment income; compensation; commissions; premiums; money; property; grants; contributions; donations; gifts; program service revenue; patient service revenue; premiums; fees, including premium fees and service fees; tuition payments; unrelated business revenue; reimbursements; any type of payment from a governmental unit, including grants and other allocations; and any other similar receipts reported for federal income tax purposes or under generally accepted accounting principles. "Small employer" does not include the federal government; any state government, including any state agency or instrumentality; any political subdivision; or any entity treated as a government for financial accounting and reporting purposes.

  • Mentally ill means having a mental illness.

  • Disabled means a grantee who (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company or its Subsidiaries.

  • Categorically needy means, insofar as funds are available for the category, a person who

  • Totally Disabled means that because of an injury or illness:

  • Mentally disabled means that a person suffers from a mental disease or defect which renders him or her incapable of appraising the nature of his or her conduct.

  • Socially and economically disadvantaged person means an individual who is a citizen or lawful permanent resident of the United States and who is Black, Hispanic, Native American, Asian, Female; or a member of another group or an individual found to be disadvantaged by the Small Business Administration pursuant to Section 3 of the Small Business Act.

  • Veteran-owned small business concern means a small business concern—

  • Historically Disadvantaged Individual (HDI) means a South African citizen -

  • Substantially limits means the extent to which the impairment limits an individual’s ability to perform a major life activity as compared to most people in the general population, whether or not an individual chooses to forgo mitigating measures. 42 U.S.C. 126 §12102(4); 28 CFR §35.108(d); 28 CFR §35.105(d) The rules of construction when determining whether an impairment substantially limits performance of a major life activity include:

  • Biologically-based mental illness means schizophrenia, schizoaffective disorder, major depressive disorder, bipolar disorder, paranoia and other psychotic disorders, obsessive-compulsive disorder, and panic disorder, as these terms are defined in the most recent edition of the diagnostic and statistical manual of mental disorders published by the American Psychiatric Association.

  • Historically Disadvantaged Individual (HDI) - means a South African citizen:

  • Socially and economically disadvantaged individual means any individual who is a citizen (or lawfully admitted permanent resident) of the United States and who is —

  • Socially and Economically Disadvantaged Individuals means those individuals who are citizens of the United Stated (or lawfully admitted permanent residents) and who are women, Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans, or Asian-Indian Americans and any other minorities of individuals found to be disadvantaged by the Small Business Administration pursuant to Section 8 (a) of the Small Business Act, RIPTA shall make a rebuttal presumption the individuals in the following groups are socially and economically disadvantaged. RIPTA may also determine, on a case-by-case basis, that individuals who are not a member of one of the following groups are socially and economically disadvantaged:

  • PFIC means a passive foreign investment company as defined in the Code.

  • Emerging small business means a small business concern whose size is no greater than 50 percent of the numerical size standard for the NAICS code designated.

  • Service-disabled veteran-owned business means a service-disabled veteran-owned business located in the State of Tennessee that satisfies the criteria in Tenn. Code. Ann. § 12-3-1102(8). "Service-disabled veteran" means any person who served honorably in active duty in the armed forces of the United States with at least a twenty percent (20%) disability that is service-connected, i.e., the disability was incurred or aggravated in the line of duty in the active military, naval or air service.