Statutory Trust II definition

Statutory Trust II means ATLANTIC AMERICAN STATUTORY TRUST II, a Connecticut statutory trust.
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Statutory Trust II means ATLANTIC AMERICAN STATUTORY TRUST II, a Connecticut statutory trust. "Stockholders' Equity" means, at any time, the shareholders' equity of the Borrower and its Consolidated Subsidiaries, as set forth or reflected on the most recent consolidated balance sheet of the Borrower and its Consolidated Subsidiaries prepared in accordance with GAAP, but excluding (i) any Redeemable Preferred Stock of the Borrower or any of its Consolidated Subsidiaries and (ii) the amount appearing as "accumulated other comprehensive income" on the balance sheets of the Borrower. Shareholders' equity generally would include, but not be limited to (i) the par or stated value of all outstanding Capital Stock, (ii) capital surplus, (iii) retained earnings, and (iv) various deductions such as (A) purchases of treasury stock, (B) valuation allowances, (C) receivables due from an employee stock ownership plan, (D) employee stock ownership plan debt guarantees, and (E) translation adjustments for foreign currency transactions.
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Examples of Statutory Trust II in a sentence

  • TIBFL Statutory Trust I TIBFL Statutory Trust II TIBFL Statutory Trust III Special Acquisitions, Inc.

  • Tidelands has no direct or indirect subsidiaries other than Tidelands Bank, Tidelands Statutory Trust I and Tidelands Statutory Trust II.

  • Each subsidiary of the Company listed on Scheduled D hereto (each a "Subsidiary" and, collectively, the "Subsidiaries"), other than Oriental Financial (PR) Statutory Trust I and Oriental Financial (PR) Statutory Trust II, has been duly organized and is validly existing as a corporation in good standing under the laws of the jurisdiction of its incorporation.

  • The only Subsidiaries of the Borrower are Southern First, Greenville Statutory Trust I, a Connecticut trust, Greenville Statutory Trust II, a Delaware trust and JB Properties of Greenville, LLC, a South Carolina LLC.

  • The authorized capital stock of First Indiana Capital Trust I consists of 12,000 preferred securities, stated liquidation amount of $1,000 per security, and 372 common securities, stated liquidation amount of $1,000 per security, and the authorized capital stock of First Indiana Capital Statutory Trust II consists of 12,000 capital securities, stated liquidation amount of $1,000 per security, and 372 common securities, stated liquidation amount of $1,000 per security (collectively, “Trust Securities”).

  • North Carolina Capital Bank Statutory Trust I Delaware Capital Bank Statutory Trust II Delaware Capital Bank Statutory Trust III Delaware CB Trustee, LLC North Carolina Recipients Immediately prior to the Closing, existing shareholders of the Company as of a predetermined record date mutually agreeable to the Purchaser and the Company will be issued one right (a “CVR”) for each share of Common Stock owned by such shareholder.

  • Each of Oriental Financial (PR) Statutory Trust I and Oriental Financial (PR) Statutory Trust II has been duly formed and is validly existing as a statutory trust under the Connecticut Statutory Trust Act, Chapter 615 of Title 34 of the Connecticut General Statutes, Section 500, et seq.

  • Union agrees to assume StellarOne’s obligations under the above indentures and related subordinated debentures as well as under guaranty agreements related to the preferred trust securities issued by StellarOne’s trust subsidiaries, FNB (VA) Statutory Trust II and VFG Limited Liability Trust.

  • Statutory Trust I, a Delaware statutory trust Jacksonville Statutory Trust I, a Delaware statutory trust Jacksonville Statutory Trust II, a Delaware statutory trust Jacksonville Bancorp, Inc.

  • The Purchaser intends to purchase from Redwood Statutory Trust II, a Connecticut statutory trust (the "Trust"), $10,000,000.00 aggregate liquidation amount of the Trust's Fixed/Floating Rate Capital Securities (the "Capital Securities").