Permanent Capital definition

Permanent Capital means the retained earnings of the Bank, determined in accordance with GAAP, plus the amount paid-in for the Bank’s Class B Stock.

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Permanent Capital means the sum of (1) the Bank’s retained earnings, determined in accordance with generally accepted accounting principles, and (2) the paid-in amounts for Issued and outstanding shares of Capital Stock, including mandatorily redeemable capital stock.

Permanent Capital means retained earnings under GAAP plus the amount paid in for Class B Stock.

Examples of Permanent Capital in a sentence

• There have been no distributions of any Permanent Capital Assets after October 31, 2020 (whether owned or acquired on or after October 31, 2020).

• In all other respects, Funded Indebtedness and Total Permanent Capital shall be computed as they would be for a consolidated balance sheet of the Company and its subsidiaries on the applicable date, excluding all intercompany items, and in accordance with generally accepted accounting principles; provided that for purposes of computations under this Section 2.1, capitalized lease obligations shall be excluded from Funded Indebtedness.

• The Company shall not incur, assume, guarantee or in any other manner become liable, with respect to any Funded Indebtedness or permit any subsidiary to incur any Funded Indebtedness, if immediately thereafter the ratio of Funded Indebtedness to Total Permanent Capital would exceed 0.

• Schedule 3.29 sets forth the Permanent Capital Assets as of October 31, 2020.

• In all other respects, Funded Indebtedness and Total Permanent Capital shall be computed as they would be for a consolidated balance sheet of the Company and its subsidiaries on the applicable date, excluding all intercompany items, and in accordance with generally accepted accounting principles; provided that for purposes of computations under this Section 2.2, capitalized lease obligations shall be excluded from Funded Indebtedness.

More Definitions of Permanent Capital

Permanent Capital means the retained earnings of a Bank, determined in ac- cordance with generally accepted ac- counting principles in the United States (GAAP), plus the amount paid- in for the Bank’s Class B stock. Risk-based capital requirement means any capital requirement established for a Bank under section 6(a)(3) of the Bank Act (12 U.S.C. 1426(a)(3)) and re- lated regulations that ensures a Bank will hold sufficient permanent capital and reserves to support the risks that arise from its operations. Tangible equity means, for a Bank, the paid-in value of its outstanding capital stock plus its retained earnings calculated in accordance with gen- erally accepted accounting principles in the United States (GAAP) less the amount of any assets that would be in- tangible assets under GAAP. Total capital means the sum of the Bank’s permanent capital, the amount paid-in for its Class A stock, the amount of any general allowances for losses, and the amount of any other in- struments identified in a Bank’s cap- ital plan that the Director has deter- mined to be available to absorb losses incurred by such Bank.

Permanent Capital means the retained earnings of the FHLBank, determined in accordance with accounting principles generally accepted in the United States (GAAP), plus the amount paid-in for the FHLBank’s Class B Stock.

Permanent Capital means Total Equity less reserves for cash flow hedges, gains or losses from hedging arrangements which have been included in the income statement since 31 March 2017, equity in a Non-Recourse Funding SPV, equity in RPAC, any junior loan granted by any member of the Group to a Non-Recourse Funding SPV, any deferred tax asset and any intangible asset.

Permanent Capital means Total Equity less reserves for cash flow hedges, equity in a Non-Recourse Funding SPV, equity held in RPAC, any junior loan granted by any member of the Group to a Non-Recourse Funding SPV, any deferred tax asset and any intangible asset.

Permanent Capital means Total Equity less reserves for cash flow ▇▇▇▇▇▇, equity in a Non-Recourse Funding SPV, equity held in RPAC, any junior loan granted by any member of the Group to a Non-Recourse Funding SPV, any deferred tax asset and any intangible asset.

Permanent Capital means retained earnings under GAAP plus the amount paid in for Class B Stock. “Recalculation Date” means: (a) on or about April 1 of each year for re-calculating a member's Total

Permanent Capital means, at any time: