Debt and Stock Redemption. TIB and any nonbank 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 4 contracts
Samples: Written Agreement (North American Financial Holdings, Inc.), Written Agreement (North American Financial Holdings, Inc.), Written Agreement (Tib Financial Corp.)
