Definition of Technical Capital

  1. Technical Capital means, as of any date of determination, the technical capital (patrimonio tecnico) of the Borrower, determined in accordance with Colombian banking regulations, computed as of the last day of the most recent fiscal quarter ended prior to such date of determination, as required to be reported to the Superintendencia Financiera.

Definition of Technical Capital in Subordinated Note

Technical Capital means the patrimonio tecnico of banks comprised of Tier One Capital (patrimonio basico) and Tier Two Capital (patrimonio adicional) pursuant to Decree 1720, or any other Colombian law or regulation regulating the patrimonio tecnico in effect from time to time.


Definition of Technical Capital in Bridge Loan Agreement

Technical Capital means, as of any date of determination, the technical capital (patrimonio tecnico) of the Borrower, determined in accordance with Colombian banking regulations, computed as of the last day of the most recent fiscal quarter ended prior to such date of determination, as required to be reported to the Superintendencia Financiera.