Capital Covenant Sample Clauses
A Capital Covenant is a contractual provision that requires a party, typically a borrower or company, to maintain a specified level of capital or equity throughout the term of an agreement. This clause often obligates the party to ensure that its net worth, equity, or capital reserves do not fall below a predetermined threshold, which may be periodically tested through financial statements or compliance certificates. The core practical function of a Capital Covenant is to protect the interests of lenders or investors by reducing the risk of insolvency or financial instability, thereby ensuring the ongoing financial health of the obligated party.
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Capital Covenant. From the Signing Date until the date on which all of the Senior Securities have been paid or redeemed in whole, the Company and the Company Subsidiaries shall maintain such capital as may be necessary to meet the minimum capital requirements of the Appropriate Federal Banking Agency, as in effect from time to time.
Capital Covenant. From the Signing Date until the date on which all of the Preferred Shares have been redeemed in whole, the Company and the Company Subsidiaries shall maintain such capital as may be necessary to meet the minimum capital requirements of the Appropriate Federal Banking Agency, as in effect from time to time.
Capital Covenant. So long as the Senior Subordinated Securities or the Warrant Securities are outstanding, the Company and the Company Subsidiaries shall maintain such capital as may be necessary to meet the minimum capital requirements of the Appropriate Federal Banking Agency, as in effect from time to time.
Capital Covenant. From the Signing Date until the date on which all of the Senior Subordinated Securities have been redeemed in whole, the Credit Union and the Credit Union Subsidiaries shall maintain such capital as may be necessary to meet the minimum capital requirements of the Appropriate Supervisory Authority, as in effect from time to time.
Capital Covenant. From the Signing Date until the date on which all of the CDCI Preferred Shares have been redeemed in whole, the Company and the Company Subsidiaries shall maintain such capital as may be necessary to meet the minimum capital requirements of the Appropriate Federal Banking Agency, as in effect from time to time.
Capital Covenant. From the date hereof until the date when the Investor no longer holds any debt or equity securities of the Company or an Affiliate of the Company acquired pursuant to this Agreement, the Exchange Agreement or the Securities Purchase Agreement (including, for the avoidance of doubt, the Exchange Shares, the CDCI Preferred Shares and the CPP Preferred Shares), the Company and the Company Subsidiaries shall maintain such capital as may be necessary to meet the minimum capital requirements of the Appropriate Federal Banking Agency, as in effect from time to time.
Capital Covenant. So long as the Notes and the SBKC Securities are outstanding, SBKC and the Company shall maintain such capital as may be necessary to exceed the minimum capital requirements under applicable FRB regulations and policies, and SBKC and the Company shall cause each of the Banks to maintain such capital as may be necessary to cause each such Bank to be classified at all times as “well capitalized,” in accordance with the rules and regulations of their primary federal regulators, as in effect from time to time.
Capital Covenant. Seller shall comply with the Enterprise Regulatory Capital Framework disregarding any subsequent amendment or other modifications to that rule.
Capital Covenant. Seller shall comply with the Enterprise Regulatory Capital Framework.
Capital Covenant. From the Signing Date until the date on which all the Subordinated Debt has been redeemed in whole, the Recipient and the Recipient Subsidiaries shall maintain such capital as may be necessary to meet the minimum capital requirements of the Appropriate Federal Banking Agency, as in effect from time to time.