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.