Common use of CAPITAL PLAN Clause in Contracts

CAPITAL PLAN. (1) Within sixty (60) days, the Board shall forward to the Assistant Deputy Comptroller for review a revised, written Capital Plan for the Bank, consistent with the Bank’s Business Plan as required by Article III, 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 Bank shall implement and thereafter ensure adherence to the Capital Plan. The Capital Plan shall include:

CAPITAL PLAN. (1) Within sixty (60) 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 Bank, consistent with the Bank’s Business Plan as required by Article IIIcapital plan, covering at least a three-three year period. At the next Board meeting following receipt of 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 Bank 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:

CAPITAL PLAN. (1) Within sixty (60) 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 Bank, consistent with the Bank’s Business Plan as required by Article IIIcapital plan, covering at least a three-three year period. At the next Board meeting following receipt of 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 Bank 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:

CAPITAL PLAN. (1) Within sixty ninety (6090) days, the Board shall forward submit to the Assistant Deputy Comptroller for her review a revised, written Capital Plan for the Bank, consistent with the Bank’s Business Plan as required by Article III, covering at least a three-year period. At the next Board meeting following receipt of the Assistant Deputy Comptroller’s and prior written determination of no supervisory objection, the Board shall adopt and a written Capital Plan for the Bank shall implement and thereafter ensure adherence to the Capital Plancovering at least a three -year period. The Capital Plan shall be consistent with OCC Bulletin 2012-16 Guidance for Evaluating Capital Planning and Adequacy and, at a minimum, shall include:

CAPITAL PLAN. (1) Within sixty (60) days, the Board shall forward submit to the Assistant Deputy Comptroller for his review a revised, written Capital Plan for the Bank, consistent with the Bank’s Business Plan as required by Article III, covering at least a three-year period. At the next Board meeting following receipt of the Assistant Deputy Comptroller’s and prior written determination of no supervisory objection, the Board shall adopt and a written Capital Plan for the Bank shall implement and thereafter ensure adherence to the Capital Plancovering at least a three (3) year period. The Capital Plan shall include:

CAPITAL PLAN. (1) Within sixty (60) days, the Board shall forward submit to the Assistant Deputy Comptroller for his review and prior written determination of no supervisory objection, a revised, written Capital Plan for the Bank, consistent with the Bank’s Business Plan as required by Article III, Bank covering at least a three-year (3) 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 Bank shall implement and thereafter ensure adherence to the Capital Plan. The Capital Plan shall include:

CAPITAL PLAN. (1) Within sixty (60) days, the Board shall forward to the Assistant Deputy Comptroller for review a revised, written Capital Plan for the Bank, consistent with the Bank’s 's Business Plan as required by Article III, 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 Bank shall implement and thereafter ensure adherence to the Capital Plan. The Capital Plan shall include: