Tier 1 Dividend Threshold definition

Tier 1 Dividend Threshold means, as of any particular date, the result of the following formula:

Tier 1 Dividend Threshold means, as of any particular date, the result of the following formula:( ( A + B – C ) * 0.9 ) – Dwhere:A = Signing Date Tier 1 Capital Amount;B = the aggregate Liquidation Amount of the Designated Preferred Stock issued to Treasury;C = the aggregate amount of Charge-Offs since the Signing Date; andD = (i) beginning on the first day of the eleventh (11th) Dividend Period, the amount equal to ten percent (10%) of the aggregate Liquidation Amount of the Designated Preferred Stock issued to Treasury as of the Effective Date (without regard to any redemptions of Designated Preferred Stock that may have occurred thereafter) for every one percent (1%) of positive Percentage Change in Qualified Small Business Lending between the ninth (9th) Dividend Period and the Baseline; and(ii) zero (0) at all other times.

Tier 1 Dividend Threshold means, as of any particular date, the result of the following formula: ( ( A + B – C ) * 0.9 ) – D where: A = Signing Date Tier 1 Capital Amount; B = the aggregate Liquidation Amount of the Designated Preferred Stock issued to Treasury; C = the aggregate amount of Charge-Offs since the Signing Date; and D = (i) beginning on the first day of the eleventh (11th) Dividend Period, the amount equal to ten percent (10%) of the aggregate Liquidation Amount of the Designated Preferred Stock issued to Treasury as of the Effective Date (without regard to any redemptions of Designated Preferred Stock that may have occurred thereafter) for every one percent (1%) of positive Percentage Change in Qualified Small Business Lending between the ninth (9th) Dividend Period and the Baseline; and

Examples of Tier 1 Dividend Threshold in a sentence

• The Tier 1 Dividend Threshold is subject to reduction, beginning on the second anniversary of issuance and ending on the 10th anniversary, by 10% for each one percent increase in small business lending that qualifies over the baseline level.As of December 31, 2015, we had 8,623 shares of Series C Preferred Stock outstanding under the SBLF program.

• Under the terms of the Series C Preferred Stock, we may only declare and pay a dividend on our common stock or other stock junior to the Series C Preferred Stock, or repurchase shares of any such class or series of stock, if, after payment of such dividend, the dollar amount of our Tier 1 Capital would be at least the Tier 1 Dividend Threshold.

• The Tier 1 Dividend Threshold is subject to reduction, beginning on the second anniversary of issuance and ending on the tenth anniversary, by 10% for each one percent increase in small business lending that qualifies over the baseline level.

• The Tier 1 Dividend Threshold is subject to reduction, beginning on the second anniversary of issuance and ending on the tenth anniversary, by 10% for each one percent increase in small business lending that qualifies over the baseline level.Market Price of Our Common StockOur common stock is quoted on an electronic inter-dealer quotation system under the symbol “FCNH”.

• The Tier 1 Dividend Threshold is subject to reduction, beginning on the second anniversary of issuance and ending on the tenth anniversary of issuance, by ten percent for each one percent increase in QSBL over the baseline level.

More Definitions of Tier 1 Dividend Threshold

Tier 1 Dividend Threshold means, as of any particular date, the result of the following formula:( ( A + B – C ) * 0.9 ) – Dwhere:A = Signing Date Tier 1 Capital Amount;B = the aggregate Liquidation Amount of the Designated Preferred Stock issued to Treasury;C =the aggregate amount of Charge-Offs since the Signing Date; and D =

Tier 1 Dividend Threshold means, as of any particular date, the result of the following formula: ((A + B – C) * 0.9) – D where: A = Signing Date Tier 1 Capital Amount; SBLF Participant No. 0310 5 B = the aggregate Liquidation Amount of the Designated Preferred Stock issued to Treasury;

Tier 1 Dividend Threshold means 90% of $272.7 million, which was the Company's consolidated Tier 1 capital as of September 30, 2011, less the $58 million in TARP preferred stock then-outstanding and repaid on August 18, 2011, plus the $58 million in SBLF Preferred Stock issued and minus the net loan charge-offs by the Bank since August 18, 2011. The Tier 1 Dividend Threshold is subject to reduction, beginning on the first day of the eleventh dividend period following the date of issuance of the SBLF Preferred Stock, by $5.8 million (ten percent of the aggregate liquidation amount of the SBLF Preferred Stock initially issued, without regard to any subsequent partial redemptions) for each one percent increase in qualified small business lending from the adjusted baseline level under the terms of the SBLF preferred stock (i.e., $249.7 million) to the ninth dividend period.

Tier 1 Dividend Threshold means 90% of (A) $159,588,000 (the Company’s consolidated Tier 1 capital as of June 30, 2011) plus (B) $32,000,000 (the aggregate liquidation amount of the SBLF Preferred Stock issued) minus (C) the net amount of loans charged off by the Bank since August 30, 2011. The Tier 1 Dividend Threshold is subject to reduction, beginning on the first day of the eleventh dividend period following the date of issuance of the SBLF Preferred Stock, by $3,200,000 (ten percent of the aggregate liquidation amount of the Series A Preferred Stock initially issued, without regard to any subsequent partial redemptions) for each one percent increase in qualified small business lending from the baseline level under the terms of the SBLF Preferred Stock (i.e., $36,082,000) to the ninth dividend period.

Tier 1 Dividend Threshold means 90% of $272.7 million, which was the Company's consolidated Tier 1 capital as of September 30, 2011, less the $58 million in TARP preferred stock then-outstanding and repaid on August 18,

Tier 1 Dividend Threshold means 90% of (A) $159,588,000 (the Company’s consolidated Tier 1 capital as of June 30, 2011) plus

Tier 1 Dividend Threshold means, as of any particular date, the result of the following formula: ( ( A + B – C ) * 0.9 ) – D ______________________ 1 Insert amount equal to the Issuer’s consolidated Tier 1 capital on the Signing Date minus the principal amount of all CPP preferred stock being repaid in connection with transaction. Use the most recently reported Tier 1 figure, typically the figure from the most recent quarter end prior to the closing. Should a more recently calculated figure exist, for example, due to a capital raise, use that figure. If the quarter is recently ended and the report is not available, use report from prior period. . where: A = Signing Date Tier 1 Capital Amount; B = the aggregate Liquidation Amount of the Designated Preferred Stock issued to Treasury;