Liability Management. To further manage the XXX Board’s exposure in the event of misused WIOA grant funds allocated to the WDA, the XXX Board shall adhere, and, where applicable, shall require the WDB and/or any of its providers to adhere, to the following guidelines:
Liability Management. The Indebtedness included on the AT&T Broadband Balance Sheet consists of the Indebtedness to third parties (the “Scheduled Debt”) and Indebtedness to members of the AT&T Communications Group. Prior to the Distribution Date, the Indebtedness of the AT&T Broadband Group shall consist only of (i) the Scheduled Debt, Indebtedness to third parties reflected on the September 30, 2001 balance sheet included in the AT&T Broadband Financial Statements and the third party Indebtedness identified in Item 3 of Schedule 6.11 to the Merger Agreement (unless any such Indebtedness shall have been discharged) (ii) Indebtedness of the members of the AT&T Broadband Group to members of the AT&T Communications Group and (iii) such other debt as shall have been approved by the Interim Finance Committee. On the Distribution Date, the AT&T Broadband Entities may incur additional Indebtedness to parties (other than to members of the AT&T Communications Group) in an amount sufficient to (i) pay in full at the Effective Time to AT&T an amount equal to the Indebtedness owed by any member of the AT&T Broadband Group to any member of the AT&T Communications Group, (ii) refinance the TOPRS that may be called for redemption at the Effective Time or shortly thereafter and (iii) provide appropriate cash reserves to fund the operations of the AT&T Broadband Entities after the Effective Time. Such Indebtedness shall be incurred in accordance with Section 9.15 of the Merger Agreement.
Liability Management. To further manage the XXX Board’s exposure in the event of misused WIA grant funds allocated to the Bay WDA, said the XXX Board shall adhere, and, where applicable, shall require the BAWDB and/or any of its providers to adhere, to the following guidelines:
Liability Management. (a) The Company will provide Parent reasonable assistance in connection with (i) the repayment, redemption or satisfaction and discharge of any Indebtedness of the Company or any Company Subsidiary, including the Company Notes, Company IRBs or Company Credit Agreement, as applicable (a “Debt Payoff”), and (ii) any tender offers, exchange offers or consent solicitations (each, a “Debt Offer”) to holders of Company Notes; provided that:
Liability Management. 12. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank and the Department an acceptable written plan to correct the deficiencies in asset/liability management noted in the Report of Examination.
Liability Management. Each Alternative Investment Vehicle shall be a limited liability company, limited partnership, corporation, trust or other form of entity, as determined by the General Partner. Each Alternative Investment Vehicle shall provide for the limited liability of the Limited Partners (in whatever capacity they participate in the Alternative Investment Vehicle). The General Partner or an Affiliate shall serve, directly or indirectly, as the general partner, manager, trustee, director or other controlling person of each Alternative Investment Vehicle. Each Alternative Investment Vehicle shall be managed by the Manager pursuant to the Investment Management Agreement.
Liability Management. Transparent disclosure, direct disclaimer,& compartmental.
Liability Management. 9. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank and the Bureau acceptable written asset/liability management policies designed to improve the management of the Bank’s sensitivity to market risk and liquidity. The policy regarding sensitivity to market risk shall at a minimum, address, consider, and include the following: (i) identification of responsible individuals for measuring, monitoring, and controlling interest rate sensitivity; (ii) appropriate oversight and review by management and the board of directors; (iii) maintenance of documentation to support the validity and accuracy ofassumptions used in measuring interest rate risk; (iv) parameters for controlling interest rate risk based on capital levels, earnings performance. and the risk tolerance of the Bank; and (v) action plans to reduce potential interest rate risk in the event that rate sensitivity results fall outside approved limits. The revised policy regarding liquidity shall, at a minimum, address. consider, and include the following: (i) appropriate standards for volume, mix and maturity of the Bank’s loans, investments, deposits, and alternative funding sources; (ii) specific liquidity targets and parameters; (iii) appropriate oversight and review by management and the board of directors; and (iv) a contingency funding plan. The Bank’s Asset/Liability Committee (the “ALCO”) shall review, on a monthly basis, all asset/liability management decisions made by the Bank’s management, paying particular attention to whether each decision was made in accordance with the approved policies. All exceptions to the policies shall be documented by the ALCO as to the reason for the exceptions and the continuance of the exceptions, taking into account the Bank’s overall goals and strategies. The ALCO shall maintain full and complete minutes of its actions and shall provide monthly written reports to the board of directors to enable the board to make informed decisions regarding the Bank’s management of market risk and liquidity. Call Reports The Bank shall take such actions as are necessary to ensure that all reports submitted or published by the Bank, including Reports of Condition and Income, accurately reflect the condition of the Bank, and that all records indicating how such reports are prepared are adequately maintained for subsequent supervisory review.
Liability Management. 37 SECTION 3.02. Repayment of Intracompany Indebtedness........................38 SECTION 3.03. Note Consents.................................................38
Liability Management. The Company's vulnerability to interest rate risk exists to the extent that its interest bearing liabilities, consisting of customer deposits and borrowings, mature or reprice more rapidly or on a different basis than its interest earning assets, which consist primarily of intermediate or long-term loans and investment securities, mortgage-backed securities and collateralized mortgage obligations. The principal determinant of the exposure of the Company's earnings to interest rate risk is the timing difference between the repricing or maturity of the Company's interest earning assets and the repricing or maturity of its interest bearing liabilities. If the repricing and maturities of such assets and liabilities were perfectly matched, and if the interest rates carried by its assets and liabilities were equally flexible and moved concurrently, neither of which is the case, the impact on net interest income of rapid increases or decreases in interest rates would be minimized. -------------------------------------------------------------------------------- Annual Report 2006 o Fidelity Bancorp, Inc. and Subsidiary 45 MANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED) The objective of interest rate risk management is to control, to the extent possible, the effects that interest rate fluctuations have on net interest income and on the net present value of the Company's interest earning assets and interest bearing liabilities. Management and the Board are responsible for managing interest rate risk and employing risk management policies that monitor and limit exposure to interest rate risk. Interest rate risk is measured using net interest margin simulation and asset/liability net present value sensitivity analyses. These analyses provide a range of potential impacts on net interest income and portfolio equity caused by interest rate movements. The Company uses financial modeling to measure the impact of changes in interest rates on net interest margin. Assumptions are made regarding loan and mortgage-backed securities prepayments and amortization rates of passbook, money market and NOW account withdrawal rates. In addition, certain financial instruments may provide customers with a degree of "optionality," whereby a shift in interest rates may result in customers changing to an alternative financial instrument, such as from a variable to fixed rate loan product. Thus, the effects of changes in future interest rates on these assumptions may cause actual results to...
