Adjusted Tangible Book Value definition

Adjusted Tangible Book Value means: (i) shareholder equity, minus (ii) book value of preferred stock outstanding, minus (iii) goodwill and other intangibles, minus (iv) remaining original issue bond discount (net of tax).

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Adjusted Tangible Book Value means the combined Tangible Book Value of the Company and the Agency as of the Closing Date determined by adjusting the consolidated Tangible Book Value of the Seller as of the Closing Date to exclude therefrom any consolidated assets or liabilities reflected in such Tangible Book Value (other than the tangible assets and liabilities of the Company, and the Agency, including such assets of Seller which have been or are to be transferred to Agency pursuant to Section 5.9 hereof) and calculated in a manner consistent with Exhibit B attached hereto; provided however that the liability for (i) taxes pursuant to The 338(h)(10) Election and (ii) federal income tax for the period commencing January 1, 2016 and ending on the Closing shall not be included in the Adjusted Tangible Book Value whether or not it is properly reflected on the books of the Acquired Companies.

Adjusted Tangible Book Value means Company’s cumulative tangible book value per share over the Performance Period, to include the value of dividends paid per share, excluding the impact of share repurchase on the TBV per share, and the TBV impact of changes in Accumulated Other Comprehensive Income (“AOCI"), and further adjusted regarding any provision expense related to the establishment of allowance for credit losses on a portfolio of acquired loans and leases.

Examples of Adjusted Tangible Book Value in a sentence

Either (i) Parent and the Company shall have agreed in writing regarding the Adjusted Tangible Book Value as of the Effective Time or (ii) the Neutral Auditor shall have made its final and binding determination of Adjusted Tangible Book Value pursuant to Section 2.2(a).
The Adjusted Tangible Book Value as of the month-end as of which the Final Closing Statement shall have been prepared shall be equal to an amount not less than seven million five hundred thousand U.S. dollars ($7,500,000).
The Units will be earned, in whole, in part or not at all, based on Grantee’s Continuous Service through the Determination Date, except as otherwise provided by this Award Certificate, and the Company’s Adjusted Tangible Book Value (“TBV”) and Company’s Relative Adjusted Return on Average Tangible Common Equity (“ROATCE”) (each weighted at 50% of the Target Award), as determined in accordance with this Exhibit A.
The Adjusted Tangible Book Value as so calculated by JLK ▇▇▇▇▇▇▇▇▇▇▇ LLP or the Successor Accountant shall be final and binding on Seller and Buyer.
The Final Purchase Price will be determined by adding $50 million to the Adjusted Tangible Book Value.
In the event the Successor Accountant is unable to deliver an unqualified opinion, the Successor Accountant shall nonetheless determine the Adjusted Tangible Book Value.
In the event that JLK ▇▇▇▇▇▇▇▇▇▇▇ LLP is unable or unwilling to deliver an unqualified opinion with respect to its audit of Seller’s consolidated financial statements as of the Closing Date as necessary to the calculation of the Adjusted Tangible Book Value, the parties agree that Seller shall engage a Top Six accounting firm independent of both parties (the “Successor Accountant”) to prepare and deliver to Buyer and Seller the Closing GAAP Audit.

More Definitions of Adjusted Tangible Book Value

Adjusted Tangible Book Value means Company’s compound annual growth rate (“CAGR”) in tangible book value per share over the Performance Period, to include the value of dividends paid per share, excluding the impact of share repurchase on the TBV per share, and the TBV impact of changes in Accumulated Other Comprehensive Income (“AOCI"), and further adjusted regarding any provision expense related to the establishment of allowance for credit losses on a portfolio of acquired loans and leases.

Adjusted Tangible Book Value is defined as Crown Bank stockholder’s equity, less goodwill and core deposit intangibles, plus the allowance for loan losses, less the cumulative impact to Adjusted Tangible Book Value of the restatement and subsequent year’s adjustments resulting from the restatement, less deferred tax assets, before giving effect to the assumption of the Trust Preferred Securities. The following effects of transactions executed by Crown Bank, subsequent to March 31, 2007 and prior to Closing, shall be excluded from the calculation of Adjusted Tangible Book Value: gains or losses related to asset sales (other than as permitted under this Agreement), branch sales, and sale or termination of liabilities or revaluation of assets or liabilities, any of which are conducted pursuant to the terms of this Agreement, other than as set forth on Exhibit A. Purchase accounting adjustments made by Acquiror at Closing shall be excluded from the above calculations.

Adjusted Tangible Book Value has the meaning set forth in Section 5.26(f)(ii).