Tangible Capital definition

Tangible Capital means, at any time the same is to be determined, for any Banking Subsidiary, Net Worth of such Banking Subsidiary minus intangible assets of such Banking Subsidiary (excluding, however, from the determination of intangible assets investments of such Banking Subsidiary in any of its real estate subsidiaries to the extent characterized as an intangible asset).
Tangible Capital means the amount equal to total shareholders’ equity, plus Funded Debt, less the value of intangible assets, all of the foregoing to be determined in accordance with the financial statements and reports provided to Lender, which are to be prepared in accordance with GAAP.
Tangible Capital means (i) capital, calculated according to GAAP, less (ii) "intangible assets" (as defined according to GAAP), as reported (or reportable) in Company's Report of Condition and Income filed (or to be filed) with the Board of Governors of the Federal Reserve System.

Examples of Tangible Capital in a sentence

Except as otherwise provided in this Agreement and subject to adjustments permitted by the Plan, the number of Performance Restricted Stock Units which will vest under this Agreement, if any, will be determined by multiplying (a) the sum of (i) 0.5 times the vested percentage applicable to Return on Tangible Capital (“ROTC”) plus (ii) 0.5 times the vested percentage applicable to Relative Total Shareholder Return (“TSR”) by (b) the Target Award.

City of Hamilton, 2012 Tangible Capital Asset Report – Bridges and Culverts (October 2013) Asset Type: Bridges and CulvertsReplacement Value: $0.53 BillionEstimated Useful Life: 40 - 75 yearsPercentage of assets exceeded useful life: 12%Comment: Although approximately 12% of the City’s Bridge and Culvert assets appear to be beyond their anticipated service life it should be noted that these assets are inspected every two years and all critical repairs are completed as required.

These are the same values that are used for Tangible Capital Asset reporting.

According the City’s 2012 Consolidated Financial Statement the book value of its Tangible Capital Asset base for water, wastewater and stormwater assets on December 31st 2012 is estimated at $1.87 billion.

The Bank will not make a new Advance to a Member without positive Tangible Capital unless the Member’s Appropriate Federal Banking Agency, Insurer or State Regulator acting in a capacity similar to an Appropriate Federal Banking Agency or Insurer requests in writing that the Bank make such Advance and subject to applicable regulations, the Bank may in its discretion deny any request for an Advance.


More Definitions of Tangible Capital

Tangible Capital means Equity Capital less goodwill.
Tangible Capital means the equity capital of Citizens computed in accordance with GAAP (including any deferred tax assets), less any recorded goodwill.
Tangible Capital means the excess of total assets of Borrowers and their respective Subsidiaries over Indebtedness of Borrowers and their respective Subsidiaries (other than Subordinated Debt), total assets and Indebtedness each to be determined on a consolidated basis in accordance with generally accepted accounting principals consistently applied, excluding, however, from the determination of total assets (i) all notes receivable from officers and employees of Borrowers and their respective Subsidiaries, (ii) all assets which would be classified as intangible assets under generally accepted accounting principals, including, without limitation, goodwill, patents, trademarks, trade names, copyrights, franchises and deferred charges (including, without limitation, unamortized debt discount and expense, organization costs and deferred research and development expense) and similar assets, (iii) the write-up of assets above cost and (iv) prepaid assets and assets designated as “other” on Borrowers’ consolidated balance sheet.
Tangible Capital means total common stockholders’ equity plus Loan Loss Reserves minus intangible assets.
Tangible Capital means, as of any date of determination, total common stockholders’ equity plus preferred stock plus capital notes and debentures plus Loan Loss Reserves minus intangible assets, in each case of the Company and the Subsidiaries on a consolidated basis as of such date.
Tangible Capital means, as of any date of determination, total common stockholders’ equity, plus preferred stock, plus surplus, plus retained earnings, plus accumulated comprehensive income and other equity capital components, plus Loan Loss Reserves, plus capital qualified notes and debentures (to the extent such instruments qualify as capital), minus, goodwill and other intangible assets.
Tangible Capital means, at any time the same is to be determined, the sum of (a) Tangible Net Worth at such time and (b) Total Funded Debt at such time.