Minimum Return on Average Assets. With respect to the Consolidated Bank Subsidiaries, maintain as at the end of any Fiscal Quarter a Return on Average Assets of at least equal to 0.90%.
Minimum Return on Average Assets. With respect to the Consolidated Bank Subsidiaries, maintain as at the end of any Fiscal Quarter (commencing with the Fiscal Quarter ending December 31, 2023) a Return on Average Assets of at least equal to 0.900.50%; provided, however, for purposes of determining Return of Average Assets for the period commencing March 31, 2023 and continuing until March 31, 2024, the Borrower's non-interest expenses up to $100,000,000 for a settlement that occurred on or about February 27, 2023 related to a receivership litigation involving Stanford International Bank, Ltd., shall be excluded for purposes of determining Net Income.
Minimum Return on Average Assets. Borrower shall cause Subsidiary Bank to maintain on an annualized basis, an annual return on Average Total Assets of greater than 0.70%. This covenant shall be calculated beginning with the quarter ended December 31, 2002. For purposes of this Agreement, "AVERAGE TOTAL ASSETS" shall have the definition provided in, and shall be determined in accordance with, the rules and regulations of the primary federal regulator of Subsidiary Bank, as in effect from time to time, and shall be consistent with the financial information and reports contemplated in Section 6 hereof.
Minimum Return on Average Assets. The Borrower will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2007, a Return on Average Assets of not less than 0.75%.
Minimum Return on Average Assets. Borrower shall cause the Bank to maintain, on an annualized basis, an annual return on Average Total Assets of at least 0.60%. The covenant set forth in this Section 7.3 shall be calculated quarterly beginning with the test period ending March 31, 2008. The calculation shall be made by dividing (a) Bank’s consolidated net income for such test period, as determined from the quarterly Call Report of Bank, by (b) the simple average, computed for the four calendar quarters comprising the test period, of Bank’s Average Total Assets as reported on Bank’s Call Report for each of such calendar quarters. As used herein, the term “test period” means a period of four consecutive calendar quarters.
Minimum Return on Average Assets. With respect to the Consolidated Bank Subsidiaries, maintain as at the end of any Fiscal Quarter a Return on Average Assets of at least equal to 0.90%; provided, however, for purposes of determining Return of Average Assets for the period commencing March 31, 2023 and continuing until March 31, 2024, the Borrower’s non-interest expenses up to $100,000,000 for a settlement that occurred on or about February 27, 2023 related to a receivership litigation involving Stanford International Bank, Ltd., shall be excluded for purposes of determining Net Income.”
Minimum Return on Average Assets. Borrower shall cause Subsidiary Bank to maintain, on an annualized basis, an annual return on Average Total Assets of greater than 0.50%.
Minimum Return on Average Assets. Borrower (on a consolidated basis) shall maintain, on an annualized basis, an annual return on Average Total Assets of greater than 0.80%. The covenant set forth in this Section 7.3 shall be calculated quarterly beginning with the quarter ended September 30, 2005, shall be derived from the quarterly report filed by Borrower with its primary federal regulator and shall be consistent with the financial information and reports contemplated in Section 5 hereof. For purposes of this Agreement, “Average Total Assets” shall have the definitions provided in, and shall be determined in accordance with, the rules and regulations of the primary federal regulator of Borrower.
Minimum Return on Average Assets. Borrower shall cause the Bank Subsidiary to maintain, at the end of each fiscal quarter, a Return On Average Assets greater than or equal to six tenths percent (.60%). This covenant has been tested as of the date hereof by Borrower and Borrower covenants to the Bank that the Borrower is in compliance with this covenant. This covenant will be tested quarterly hereafter, at the end of each fiscal quarter commencing with the fiscal quarter ended September 30, 2015, as derived from the quarterly reports of the Bank Subsidiary filed with its primary state regulator and shall be consistent with the financial information and reports contemplated in Section 8 of this Agreement.
