Tangible Capital definition

Tangible Capital means Tangible Net Worth plus Subordinated Debt. "Tangible Net Worth" means Borrower's total assets excluding all intangible assets (i.

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Tangible Capital means, at any time the same is to be determined, for any Banking Subsidiary, Net Worth of such Banking Subsidiary minus intangible assets of such Banking Subsidiary (excluding, however, from the determination of intangible assets investments of such Banking Subsidiary in any of its real estate subsidiaries to the extent characterized as an intangible asset).

Tangible Capital mean Tangible Net Worth plus Subordinated Debt. The words "Tangible Net Worth" mean Borrower's total assets excluding all intangible assets (i.e., goodwill, trademarks, patents, copyright, organizational expenses, and similar intangible items, but including leaseholds and leasehold improvements) less Total Debt. The words "Total Debt" mean all of Borrower's liabilities including Subordinated Debt. The words "Subordinated Debt" mean indebtedness and liabilities of Borrower which have been subordinated by written agreement to indebtedness owned by Borrower to Lender in form and substance acceptable to Lender.

Examples of Tangible Capital in a sentence

• Tangible Capital Costs are such costs that are not intangible capital costs incurred for the purchase of any assets related to the Petroleum Operations that normally have a useful life of more than one (1) Year; such assets shall be subject to annual depreciation pursuant to the provisions set forth in this Accounting Procedure.

• For clarity, a Construction Completion Certificate will not be issued by the Municipality if the Developer fails to deliver all required testing records, record drawings, and Tangible Capital Assets information to the Municipality’s satisfaction.

• For clarity, a Final Acceptance Certificate will not be issued by the Municipality if the Developer fails to deliver all required updated testing records, record drawings, and Tangible Capital Assets information to the Municipality’s satisfaction or prior to the expiration of the Warranty Period.

• The ratio of Consolidated Funded Debt to Consolidated Total Tangible Capital will not exceed 0.60 to 1.00, calculated at the end of each Fiscal Quarter.

• If, as of the last day of any fiscal quarter of Mid America, the Tangible Capital Ratio of Mid America is less than .07 to 1.0, then in that event the Company agrees to cause Tangible Capital of Mid America to be increased over the immediately succeeding 12-month period by an amount not less than 25% of Net Income of Mid America accrued over the same period unless and until the Tangible Capital Ratio of Mid America increases to an amount equal to or greater than .07 to 1.0.

More Definitions of Tangible Capital

Tangible Capital has the meaning ascribed to such term in Section 7.3.

Tangible Capital means the amount equal to total shareholders’ equity, plus Funded Debt, less the value of intangible assets, all of the foregoing to be determined in accordance with the financial statements and reports provided to Lender, which are to be prepared in accordance with GAAP.

Tangible Capital. With respect to any Person, as of any date of determination, the sum of (i) the total amount of the capital stock, surplus, subordinated debt and undivided profits accounts less intangible assets of such Person, in each case determined in accordance with GAAP, and (ii) Loan Loss Reserves of such Person.

Tangible Capital shall be determined in accordance with GAAP and shall mean the (i) total capital of the Target Companies (excluding accumulated comprehensive income) on a consolidated basis minus (ii) (A) goodwill and core deposit intangible balances of Target Companies on a consolidated basis and (B) all Target expenses related to the Merger, including legal fees, accounting fees, investment banking fees, printing charges, costs incurred in terminating existing data processing contracts and success fee, change of control or similar payments required to be made to employees as a result of the consummation of the Merger.

Tangible Capital has the meaning defined in Section 5.13.

Tangible Capital means Tangible Net Worth plus Subordinated Debt

Tangible Capital shall be determined in accordance with GAAP and shall mean (i) with respect to Target, the total capital of the Target Companies (excluding accumulated comprehensive income) on a consolidated basis minus goodwill and core deposit intangible balances of the Target Companies on a consolidated basis, and (ii) with respect to Orange Park, the total capital of Orange Park (excluding accumulated comprehensive income) minus goodwill and core deposit intangible balances of Orange Park.