Common use of CAPITAL PLAN Clause in Contracts

CAPITAL PLAN. (1) Within ninety (90) days, the Board shall forward to the Assistant Deputy Comptroller for review a revised, written Capital Plan for the Association, consistent with the Association's Business Plan as required by Article IV, covering at least a three-year period. At the next Board meeting following receipt of the Assistant Deputy Comptroller’s written determination of no supervisory objection, the Board shall adopt and the Association (subject to Board review and ongoing monitoring) shall implement and thereafter ensure adherence to the Capital Plan. The Capital Plan shall include:

Appears in 2 contracts

Samples: Agreement by And (Naugatuck Valley Financial Corp), www.occ.gov

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CAPITAL PLAN. (1) Within ninety (90) days, the Board shall forward to the Assistant Deputy Comptroller for review a revised, written Capital Plan capital plan for the Association, consistent with the Association's Business Plan business plan as required by Article IVIX, covering at least a three-year period. At the next Board meeting following receipt of the Assistant Deputy Comptroller’s written determination of no supervisory objection, the Board shall adopt and the Association (subject to Board review and ongoing monitoring) shall implement and thereafter ensure adherence to the Capital Plancapital plan. The Capital Plan capital plan shall include:

Appears in 1 contract

Samples: www.occ.gov

CAPITAL PLAN. (1) Within ninety (90) days, the Board shall forward to the Assistant Deputy Comptroller for review a revised, written Capital Plan capital plan for the Association, consistent with the Association's Business Plan business plan as required by Article IVIX, covering at least a three-year period. At the next Board meeting following receipt of the Assistant Deputy Comptroller’s 's written determination of no supervisory objection, the Board shall adopt and the Association (subject to Board review and ongoing monitoring) shall implement and thereafter ensure adherence to the Capital Plancapital plan. The Capital Plan capital plan shall include:

Appears in 1 contract

Samples: Agreement by And (Severn Bancorp Inc)

CAPITAL PLAN. (1) Within ninety (90) daysdays of the Effective Date of this Agreement, the Board shall forward submit to the Assistant Deputy Comptroller for review and supervisory non-objection a revised, written Capital Plan for the Association, consistent with the Association's Business Plan as required by Article IVcapital plan, covering at least a three-three year period. At , that is consistent with the next Board meeting following receipt of strategic plan required by Article V. Upon receiving the Assistant Deputy Comptroller’s written determination of no supervisory objectionnon-objection to the capital plan, the Board shall shall, at its next board meeting, adopt and the Association (subject to Board review and ongoing monitoring) shall implement capital plan, and thereafter ensure the Bank’s implementation of and adherence to the Capital Plancapital plan. The Capital Plan capital plan shall include:

Appears in 1 contract

Samples: www.occ.gov

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CAPITAL PLAN. (1) Within ninety (90) days, the Board shall forward to the Assistant Deputy Comptroller for review his review, a revised, written Capital Plan for the AssociationBank, consistent with the AssociationBank's Business Strategic Plan as required by Article IVIII, covering at least a three-year period. At the next Board meeting following receipt of the Assistant Deputy Comptroller’s written determination of no supervisory objection, the Board shall adopt and the Association Bank (subject to Board review and ongoing monitoring) shall implement and thereafter ensure adherence to the Capital Plan. The Capital Plan shall include:

Appears in 1 contract

Samples: www.occ.gov

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