Common use of Return on Average Assets Clause in Contracts

Return on Average Assets. The Borrower's consolidated net income will be at least .75% of its average assets, calculated on an annualized basis as at the last day of each fiscal quarter of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (First Mid Illinois Bancshares Inc), Credit Agreement (First Mid Illinois Bancshares Inc)

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Return on Average Assets. The Borrower's ’s consolidated net income will shall be at least .75% eighty-five hundredths of one percent (0.85%) of its average assets, calculated on an annualized basis as at the last day of each fiscal quarter of the Borrower; provided, however, that for purposes of determining return on average assets, customary and reasonable, non-recurring expenses and charges incurred by Borrower in connection with a permitted acquisition under Sections 5.1 and 5.6 hereof shall be excluded.

Appears in 2 contracts

Samples: Revolving Credit Agreement (First Community Bancorp /Ca/), Revolving Credit Agreement (First Community Bancorp /Ca/)

Return on Average Assets. The Borrower's ’s consolidated net income will shall be at least .75% eighty-five hundredths of one percent (0.85%) of its average assets, calculated on an annualized basis as at the last day of each fiscal quarter of the Borrower; provided, however, that for purposes of determining return on average assets, customary and reasonable, non-recurring expenses and charges incurred by Borrower in connection with a permitted acquisition or public offering under Sections 5.1 and 5.6 hereof shall be excluded.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Cobiz Financial Inc), Revolving Credit Agreement (Centennial Bank Holdings, Inc.)

Return on Average Assets. The Borrower's ’s consolidated net income will shall be at least .75% eighty-five hundredths of one percent (0.85%) of its average assets, calculated on an annualized basis as at the last day of each fiscal quarter of the Borrower; provided, however, that for purposes of determining return on average assets, customary and reasonable non-recurring expenses and charges incurred by Borrower in connection with a permitted acquisition under Sections 5.1 and 5.6 hereof shall be excluded.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Community Bancorp /Ca/)

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Return on Average Assets. The Borrower's consolidated net income will shall be at least .75% seventy hundredths of one percent (0.70%) of its average assets, calculated on an annualized basis as at the last day of each fiscal quarter of the Borrower.

Appears in 1 contract

Samples: Pledge Agreement (First Community Bancorp /Ca/)

Return on Average Assets. The Cause the Borrower's ’s consolidated net income will to be at least .750.80% of its consolidated average assets, each calculated on an annualized basis as at of the last day of each fiscal quarter of for the Borrowerfour fiscal quarters then ending.

Appears in 1 contract

Samples: Credit Agreement (Boston Private Financial Holdings Inc)

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