Net Worth of San Xxxx Bancshares and Texas Country Bank Sample Clauses

Net Worth of San Xxxx Bancshares and Texas Country Bank. The net worth of San Xxxx Bancshares, calculated in accordance with applicable regulatory requirements, shall be not less than the sum of $4,400,000 plus (i) net income (but excluding for these purposes any net losses), if any, from June 21, 2002 until the date of Closing (after accounting for the costs and expenses incurred by San Xxxx Bancshares and its subsidiaries contemplated hereby or incurred in anticipation of the consummation of the transactions herein described and after adjustment to reflect proration of prepaid property taxes); plus (ii) an amount equal to the aggregate fair value of the Trust Property, which is to
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