Consolidated Tangible Capital definition

Consolidated Tangible Capital of any Person means, at any date, the total amount of non-redeemable preferred stock and common shareholders' equity (excluding amounts attributable to securities which are exchangeable for or convertible into securities other than non-redeemable preferred stock or common stock and any amounts attributable to shares issued pursuant to an acquisition by such Person) which would appear on a consolidated statement of financial condition of such Person as at such date prepared in accordance with generally accepted accounting principles, less all intangible assets appearing thereon.

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Consolidated Tangible Capital as of any date of determination, with respect to any Person, (a) Consolidated Shareholders' Equity less goodwill and identifiable intangibles of such Person (other than identified intangibles consisting of originated mortgage servicing rights, purchased mortgage servicing rights and purchased credit card relationships to the extent that such intangibles are "qualifying intangible assets" under the OCC's risk based capital guidelines, with any limitations thereunder determined on a consolidated basis) plus (b) Consolidated Subordinated Debt minus (c) the excess, if any, of (i) Consolidated Subordinated Debt of such Person over (ii) 25% of the amount calculated pursuant to clauses (a) and (b) of this definition.

Examples of Consolidated Tangible Capital in a sentence

Maintain, as of the last day of each fiscal quarter, a ratio of (a) Consolidated Total Liabilities of the Borrower and its Consolidated Subsidiaries plus the Contingent Liabilities of Selas SAS which are guaranteed by the Borrower, to (b) Consolidated Tangible Capital Funds of the Borrower and its Consolidated Subsidiaries, of not more than 2.50 to 1.0.
As of any date of determination, the ratio of (i) Indebtedness for borrowed money of the Borrower and its Subsidiaries PLUS security deposits received by the Borrower and its Subsidiaries with respect to Accounts Receivable to (ii) Consolidated Tangible Capital Funds.
As of any date of determination, the ratio of (i) Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than Credident) PLUS security deposits received by the Borrower and its Subsidiaries (other than Credident) with respect to Accounts Receivable to (ii) Consolidated Tangible Capital Funds.
A ratio of Consolidated Total Senior Liabilities divided by Consolidated Tangible Capital Base of not more than nine tenths to one (.90:1.0), measured on a fiscal quarter basis; provided, however, that Borrower need only maintain such a ratio of not more than one and one-quarter to one (1.25:1.0) for the fiscal quarter ending November 24, 1996 and of not more than one and five onE-hundredths to one (1.05:1.0) for the fiscal quarter ending February 23, 1997.
Not permit the ratio of (i) the Consolidated Senior Funded Debt of PCC to (ii) Consolidated Tangible Capital of PCC to exceed 8 to 1.
Permit or suffer Consolidated Tangible Capital Funds of the Parent Guarantor and its Subsidiaries at any time to be less than the amount equal to (i) $9,000,000 at all times prior to the end of the Parent Guarantor's fiscal year ending on or about April 1, 2005 or (ii) $9,500,000 as of the end of the Parent Guarantor's fiscal year ending on or about April 1, 2005 and at all times thereafter.
The Borrower shall maintain Consolidated Tangible Capital funds of $42,500,000.00 during the entire term that this Agreement shall be in full force and effect and/or any of the Obligations remain outstanding and unpaid.
The Borrowers shall maintain at all times, as measured at the end of each fiscal quarter, a ratio of Consolidated Senior Liabilities to Consolidated Tangible Capital Base of not greater than (a) 1.75 to 1.0 through fiscal year end 1996 and (b) 1.50 to 1.0 thereafter.
The Borrower will not permit at any time the ratio of (i) Consolidated Recourse Debt to (ii) Consolidated Tangible Capital Funds to be greater than 2.50:1.00.
The Borrower will not permit Consolidated Tangible Capital Funds for any fiscal quarter to be less than the sum of (a) $37,500,000, plus (b) 100% of Consolidated Net Income determined on a cumulative basis from and after January 1, 1997 plus (c) the $4,500,000 one-time tax charge incurred by the Borrower in the first fiscal quarter of 1997.

More Definitions of Consolidated Tangible Capital

Consolidated Tangible Capital of any Person means, at any date, the total amount of non-redeemable preferred stock and common shareholders' equity (excluding amounts attributable to securities which are, at the option of the holder thereof, exchangeable for or convertible into securities other than non-redeemable preferred stock or common stock) which would appear on a consolidated statement of financial condition of such Person as at such date prepared in accordance with generally accepted accounting principles, less all intangible assets appearing thereon.

Consolidated Tangible Capital as of any date of determination, ----------------------------- with respect to any Person, (a) Consolidated Shareholders' Equity of such Person less (i) goodwill and identifiable intangibles of such Person (other than identified intangible assets consisting of mortgage and non-mortgage servicing assets and purchased credit card relationships to the extent that such intangibles are not required to be deducted from such Person's capital under the applicable regulator's risk-based capital guidelines, with any limitations thereunder determined on a consolidated basis) and (ii) unrealized gains or losses on available for sale debt securities plus (b) Consolidated Subordinated Debt and Capital Securities of such Person minus (c) the excess, if any, of (i) Consolidated Subordinated Debt and Capital Securities of such Person over (ii) 25% of the amount calculated pursuant to clauses (a) and (b) of this definition.