Common use of Debt and Stock Redemption Clause in Contracts

Debt and Stock Redemption. CCBC and its nonbank subsidiaries shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank. 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 (Community Central Bank Corp), Written Agreement

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Debt and Stock Redemption. CCBC CCB, and its any nonbank subsidiaries subsidiary, shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank. 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

Debt and Stock Redemption. CCBC CCB and its any nonbank subsidiaries subsidiary shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank. 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

Debt and Stock Redemption. CCBC CCF and its nonbank subsidiaries shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve BankBank 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 for[PageBreak] debt repayment, and an analysis of the cash flow resources available to meet such debt repayment.

Appears in 1 contract

Samples: Written Agreement

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Debt and Stock Redemption. CCBC CCBI and its any nonbank subsidiaries subsidiary shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve Bank. 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

Debt and Stock Redemption. CCBC and its nonbank subsidiaries CCB shall not, directly or indirectly, incur, increase, or guarantee any debt without the prior written approval of the Reserve BankBank 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 1 contract

Samples: Written Agreement

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