Minimum Common Equity definition

Minimum Common Equity means $73,000,000 less any transaction-related costs and expenses incurred by Company in connection with the Merger, as agreed by Purchaser and Company, provided, however, that to the extent the Closing occurs after August 31, 2022, the Minimum Common Equity shall increase by $800,000 per month, with such increase effectuated pro rata daily (calculated on a 30-day month basis) for each day subsequent to August 31, 2021 in any given month. For illustrative purposes only, if the Closing occurred on September 1, 2022, the Minimum Common Equity would be adjusted to $73,026,666.66 and if the Closing occurred on October 15, 2022, the Minimum Common Equity would be adjusted to $74,200,000.
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Minimum Common Equity means $56.1 million.
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Minimum Common Equity means $123,000,000 less any transaction-related costs and expenses incurred by Company in connection with the Merger, as agreed by Purchaser and Company.
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Examples of Minimum Common Equity in a sentence

  • While the competent authority may require the Common Equity Tier 1 Capital Ratio to be calculated as of any date, a Trigger Event could occur at any time, if the Issuer determines that the Group's Common Equity Tier 1 Capital Ratio is less than the Minimum Common Equity Tier 1 Capital Ratio applicable to a Tranche of Notes (which shall at least be 5.125%).

  • Considering the minimum capital levels already defined on both the CRR and CRD IV, credit institutions shall comply with: - Minimum Common Equity Tier 1 ratio: 7 per cent.

  • What is more, the Lebowski mystique seems to have strong pull on intellectual types: in just a few years, the academic literature on the Dude has become too cumbersome to master.

  • Regardless of the fact that these estimates were made with the best information available at the time, they may possibly need to be revised in future years as a result of future events (upwards or downwards); this would be done prospectively, as stipulated in IAS 8, by recognizing the effect of the change in the estimate if the review affects this year only, or in the year of review and future years if the change affects both.

  • Minimum Common Equity Tier 1 and Tier 1 requirements will be phased in with full compliance (Common Equity Tier 1 ratio of 4.5% and 6% Tier 1 ratio) being achieved by January 2015.Grandfathering of existing capital instruments was addressed by the Committee with the Basel III regulation being that capital not qualifying as Common Equity Tier 1 capital on January 1, 2013, will not be counted as such after that date; that is,grandfathering will not be permitted for Common Equity Tier 1 capital.

  • In addition to the Minimum Common Equity Tier 1 capital of 5.5% of RWAs, (international standards require these to be only at 4.5%) banks are also required to maintain a Capital Conservation Buffer (CCB) of 2.5% of RWAs in the form of Common Equity Tier 1 capital.

  • Bank maintains capital to protect the interest of depositors, general creditors and stake holders against any unforeseen losses As per the RBI guidelines, Banks have to maintain a Minimum Common Equity Tier 1 (CET 1) of 7.375% (including Capital Conservation Buffer of 1.875%) and minimum CRAR of 10.875%.

  • Capital Adequacy (continued) The table below presents the minimum consolidated risk-based capital ratios from 31 March 2017: 2017 Minimum Common Equity Tier 1 ratio4.50%Capital Conservation Buffer1.25%Countercyclical Buffer-G-SIB Surcharge0.75%Total6.50% Minimum Tier 1 ratio8.00%Minimum Capital ratio10.00% Both the Overseas Banking Group and the Overseas Bank met those requirements at the reporting date.

  • The table below presents the minimum consolidated risk-based capital ratios from 31 March 2016: 2016 Minimum Common Equity Tier 1 ratio4.5%Capital Conservation Buffer0.625%Countercyclical Buffer-G-SIB Surcharge0.375%Total5.5% Minimum Tier 1 ratio6.0%Total (with Buffers and Surcharge)7.0% Minimum Capital ratio8.0%Total (with Buffers and Surcharge)9.0% Both the Overseas Banking Group and the Overseas Bank met those requirements at the reporting date.

  • Some reports predict a third nuclear test by the North, while others explore all the likelihoods of military clashes around South Korea’s five islands near the Northern Limit Line in the West Sea.

Related to Minimum Common Equity

  • Common Equity of any Person means Capital Stock of such Person that is generally entitled (a) to vote in the election of directors of such Person or (b) if such Person is not a corporation, to vote or otherwise participate in the selection of the governing body, partners, managers or others that will control the management or policies of such Person.

  • Common Equity Tier 1 Capital means common equity tier 1 capital (or any equivalent or successor term) of, as the case may be, the Issuer or the Group, in each case as calculated by the Issuer in accordance with CRD IV requirements and any applicable transitional arrangements under CRD IV;

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Available Excluded Contribution Amount means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets (as determined by the Borrower in good faith, but excluding any Cure Amount) received (or deemed received) by the Borrower or any of its Restricted Subsidiaries after the Closing Date from:

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Contribution Share means, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Borrower and all of the Guarantors other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Borrower and the Guarantors hereunder) of the Borrower and all of the Guarantors other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 4.6 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under applicable law against the Borrower in respect of any payment of Guaranteed Obligations. Notwithstanding the foregoing, all rights of contribution against any Guarantor shall terminate from and after such time, if ever, that such Guarantor shall be relieved of its obligations pursuant to Section 8.4.