Common use of Capital Measures Clause in Contracts

Capital Measures. On the Closing Date, both the Borrower and each Financial Institution Subsidiary have been, or are deemed to have been, notified by the appropriate Governmental Authority having regulatory authority over each of them that each of them is “well capitalized”, as determined in accordance with any regulations established by such Governmental Authority.

Appears in 5 contracts

Samples: Loan Agreement (Southern First Bancshares Inc), Revolving Credit Agreement (Greene County Bancshares Inc), Revolving Credit Agreement (First Financial Bancorp /Oh/)

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Capital Measures. On As of the Closing Date, both the Borrower and each Financial Institution Material Subsidiary have been, or are deemed to have been, notified by the appropriate Governmental Authority having regulatory authority over each of them Borrower or such Material Subsidiary, as applicable, that each of them is “well capitalized” (or “adequately capitalized with respect to Borrower), as determined in accordance with any regulations established by such Governmental Authority.

Appears in 1 contract

Samples: Credit Agreement (Texas Capital Bancshares Inc/Tx)

Capital Measures. On the Closing Date, both (a) the Borrower is “well capitalized”, as determined in accordance with any regulations established by any Governmental Authority having regulatory authority over it and (b) each Financial Institution Subsidiary have has been, or are deemed to have been, notified by the appropriate Governmental Authority having regulatory authority over each of them that each of them is “well capitalized”, as determined in accordance with any regulations established by such Governmental Authority.

Appears in 1 contract

Samples: Revolving Credit Agreement (Privatebancorp, Inc)

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Capital Measures. On the Closing Date, both the Borrower and each Financial Institution Subsidiary have been, or are deemed to have been, notified by the appropriate Governmental Authority having regulatory authority over each of them that each of them is “well adequately capitalized”, as determined in accordance with any regulations established by such Governmental Authority.

Appears in 1 contract

Samples: Revolving Credit Agreement (FNB United Corp.)

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