Common use of Regulatory Capital Clause in Contracts

Regulatory Capital. Upon consummation of the Merger, and after taking effect of the Merger and Parent’s ownership of the Company’s Bank, as calculated on a pro forma basis as of September 30, 2012, Parent will be deemed “well capitalized” under the applicable capital standards and policies of the FRB as in effect on the date of this Agreement (it being understood that this representation shall not be updated as of the Closing Date).

Regulatory Capital. Upon consummation of the Merger, and after taking effect account of the Merger and Parent’s ownership of the Company’s Bank, as calculated on a pro forma basis as of September June 30, 20122018, Parent will be deemed “well capitalized” under the applicable capital standards and policies of the FRB as in effect on the date of this Agreement (it being understood that this representation shall not be updated as of the Closing Date).

Regulatory Capital. Upon consummation of the Merger, and after taking effect account of the Merger and Parent’s ownership of the Company’s Bank, as calculated on a pro forma basis as of September 30March 31, 20122019, Parent 52 will be deemed “well capitalized” under the applicable capital standards and policies of the FRB as in effect on the date of this Agreement (it being understood that this representation shall not be updated as of the Closing Date).

Regulatory Capital. Upon consummation of the Merger, and after taking effect account of the Merger and Parent’s ownership of the Company’s BankCompany and Pascack Bancorp, Inc., as calculated on a pro forma basis as of September 30, 20122015, Parent will be deemed “well capitalized” under the applicable capital standards and policies of the FRB as in effect on the date of this Agreement (it being understood that this representation shall not be updated as of the Closing Date)Agreement.

Regulatory Capital. Upon consummation of the Merger, and after taking effect account of the Merger and Parent’s ownership of the Company’s Bank, as calculated on a pro forma basis as of September 30March 31, 20122015, Parent will be deemed “well capitalized” under the applicable capital standards and policies of the FRB as in effect on the date of this Agreement (it being understood that this representation shall not be updated as of the Closing Date).

Regulatory Capital. Upon consummation of the Merger, and after taking effect of the Merger and Parent’s Parent ownership of the Company’s Company Bank, as calculated on a pro forma basis as of September 30, 20122003, Parent will be deemed “well capitalized” under the applicable capital standards and policies of the FRB as in effect on the date of this Agreement (it being understood that this representation shall not be updated as of the Closing Date).