Minimum Tangible Book Value definition

Minimum Tangible Book Value means $83,587,000.
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Minimum Tangible Book Value means $16,000,000; provided in the event the Calculation Date occurs prior to December 31, 2017, Minimum Tangible Book Value shall equal: (i) $16,000,000 minus (ii) the product of (A) the number of days from (but not including) the Calculation Date to and including December 31, 2017 and (B) the Average Daily Earnings Rate.
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Minimum Tangible Book Value means $45,000,000.
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Examples of Minimum Tangible Book Value in a sentence

  • Take any action or fail to take any action that will cause the Centre Tangible Book Value at the Effective Time to be less than the Minimum Tangible Book Value at the Effective Time.