Capital funds definition

Capital funds means (a) in the case of a State bank or national

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Capital funds means, with respect to any eligible public depository, the aggregate sum of its capital stock, surplus, and undivided profits and of all reserves required by any law or regulation, together with the amount of any debt subordinated to deposit liabilities when such debt has been allowed to be included in its stated capital position by the applicable regulatory authority.

Capital funds means the sum of the following: the par value of the outstanding common capital stock, the par value of the outstanding preferred capital stock, the aggregate par value of all outstanding capital notes and debentures, and the surplus. In the case of an institution having offices in more than one county, the capital funds of such institution, for the purposes of sections 135.01 to 135.21 of the Revised Code, relative to the deposit of the public moneys of the subdivisions in one such county, shall be considered to be that proportion of the capital funds of the institution that is represented by the ratio that the deposit liabilities of such institution originating at the office located in the county bears to the total deposit liabilities of the institution.

Examples of Capital funds in a sentence

The parties recognize that, as of the Effective Date, the level of Working Capital funds, which shall be held in the Operating Accounts, is reasonably believed to be reasonably sufficient for the operations of the Hotel, subject at all times to seasonal differences and changes in circumstances after the Effective Date.
Owner, as of the Effective Date, shall establish a level of Working Capital funds, which shall be held in the Operating Accounts, that is reasonably believed to be reasonably sufficient for the operations of the Hotel, subject at all times to seasonal differences and changes in circumstances after the Effective Date.
The reserve will be funded first, from Gross Revenues; second, if Gross Revenues are insufficient, then by Tenant within ten (10) days after receipt of Manager’s notice of the necessary amounts; and, third, if Tenant does not pay any of the above amounts within the ten (10)-day period, then by withdrawals by Manager from the applicable Hotel’s operating account(s), the Reserves, Working Capital funds or any other Tenant funds under Manager’s control.
If Tenant fails to do so, then Manager may reimburse itself for these costs from the applicable Hotel’s operating account(s), the Reserves, Working Capital funds or any other Tenant funds under Manager’s control without affecting Manager’s other rights and remedies under this Agreement.
Capital funds received from the state and other sources for the benefit of the Skills Center shall be placed in a fund maintained by the Host District for Skills Center capital improvements and equipment purchases.

More Definitions of Capital funds

Capital funds means money with the following characteristics:

Capital funds means paid-up capital and reserves and any other sources of capital as may be defined and computed in such manner as may be prescribed by notice in writing from time to time by the Central Bank;

Capital funds of a bank or savings bank means the aggregate

Capital funds means paid-up capital and reserves, and includes, for the purposes of sections 38 and 39, the whole or such proportion of any other class, category or description of capital as the Bank may specify.

Capital funds means Tangible Net Worth plus Subordinated Debt. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with GAAP and certified by Borrower as being true and correct.

Capital funds means (a) in the case of a State bank or national bank or capital stock savings bank, the aggregate of the capital stock, surplus and undivided profits of the bank or savings bank; (b) in the case of a mutual savings bank, the aggregate of the capital deposits, if any, and the surplus of the savings bank; (c) in the case of an association, the aggregate of all reserves required by any law or regulation, and the undivided profits, if any, of the association; and (d) in the case of a credit union, the aggregate of all reserves required by any law or regulation, and the capital deposits of the credit union;

Capital funds means the sum of Adjusted Tangible Net Worth plus the outstanding principal amount of all Subordinated Debt.