The proposed definition

The proposed rule goes on the say: "Generally, returns should be considered in relation to trends for publicly-traded thrift and bank stocks, broader equity market returns, and the general level of interest rates. At a minimum, the projected return on equity should exceed, by a margin reflecting relative investment risk, the institution's rates on long term certificates of deposits." These statements suggest that the OTS is attempting to prevent institutions from raising too much capital and that they understand the importance of earnings going forward. In a second step, the appraisal must equally weigh the fairness of the value to both the existing minority shareholders, as well as new equity investors. These interests are at odds as the existing shareholders desire a higher value and thus a higher exchange ratio, while the new equity investors desire a lower value. This valuation gave equal weight to both the existing minority shareholders and the new investors. FinPro's estimated value range was designed to provide standard conversion pricing toward the low end of the range, while accounting for the exchange of the minority shareholders at the high end of the range. FloridaFirst Bancorp (MHC) closed at $11.50 per share on August 25, 2000. This would equal an exchange ratio of 1.1500, which is between the maximum and the supermaximum of the estimated value range. If the offering were to close with an exchange ratio below 1.1500, existing shareholders could see their value diluted. However, the second step would benefit the minority shareholders in the form of increased liquidity, the addition of an exit strategy and book value accretion. With this estimated value range, FinPro will let the market decide whether the Bank should be priced closer to standard conversions at the low end of the range or closer to the exchange value at the high end of the range. Based upon the premiums and discounts defined in the section above, the Bank pricing at the midpoint is estimated to be $48,000,000. Based upon a range below and above the midpoint value, the relative values are $40,800,000 at the minimum and $55,200,000 at the maximum respectively. At the supermaximum of the range, the offering value would be $63,480,000.

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Examples of The proposed in a sentence

• The proposed mobility programme includes the indicative start and end months of the agreed study programme that the student will carry out abroad.

• The proposed Corrective Action Plan will set out a detailed schedule for: (1) addressing problems, taking into account identified priorities, with all corrective actions to be completed within 18 months of the date OCR approved the Corrective Action Plan; (2) setting up systems of accountability and verifying claims of accessibility by vendors or open sources; and setting up a system of testing and accountability to maintain the accessibility of all online content and functionality on an ongoing basis.

• The proposed notice will also include information or an accessible link to information instructing people how to file formal grievances under Section 504 and Title II.

• The proposed schedule shall be integrated into the Construction Manager's CPM Schedule upon approval of its Guaranteed Maximum Price Amendment.

• The proposed revised Works Programme shall show the sequence of operations of any and all works related to the change and the impact of changed work or changed conditions.

• The proposed mobility programme includes the indicative start and end months of the agreed traineeship that the student will carry out abroad.

• The proposed revised Works Programme shall show the sequence of operations of any and all work related to the change and the impact of changed work or changed conditions.

• The proposed audit plan must describe the proposed scope, duration, and start date of the audit.

• The proposed offering of the Stock may be made pursuant to General Instruction I.B.1 of Form S-3.

• The proposal must include, but is not limited to, the following: • The proposed scope of Work; • The name and assignment of each of Consultant’s professional employees who will be principally responsible for performing the Work; • The names of any subconsultants the Consultant would use and the portion of Work they would perform; • A time schedule and cost for providing the Work; and • Any other information requested by the Director.