Debt and Stock Redemption. Bankshares shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the Commissioner. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.
Appears in 4 contracts
Samples: Written Agreement, Written Agreement, Written Agreement
Debt and Stock Redemption. Bankshares Bancshares shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the Commissioner. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.
Appears in 3 contracts
Samples: Written Agreement, Written Agreement, Written Agreement
Debt and Stock Redemption. Bankshares shall not, directly or indirectly, incur, increase, or guarantee any debt, including debt to shareholders, without the prior written approval of the Reserve Bank and the CommissionerBank. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.
Appears in 2 contracts
Samples: Written Agreement, Written Agreement (Millennium Bankshares Corp)
Debt and Stock Redemption. Bankshares shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank Bureau and the CommissionerReserve Bank. All requests for prior written approval shall contain, but not be limited to, contain a statement regarding the purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.
Appears in 1 contract
Samples: Memorandum of Understanding (Hampton Roads Bankshares Inc)
Debt and Stock Redemption. Bankshares shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank and the CommissionerBank. All requests for prior written approval shall contain, but not be limited to, a statement regarding the purpose of the debt, the terms of the debt, and the planned source(s) for debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.
Appears in 1 contract
Samples: Written Agreement
