Common use of Growth Clause in Contracts

Growth. 29. Effective immediately, the Association shall not increase its total assets during any quarter in excess of an amount equal to net interest credited on deposit liabilities during the prior quarter without the prior written notice of non-objection of the Regional Director.

Growth. 2927. Effective immediately, the Association shall not increase its total assets during any quarter in excess of an amount equal to net interest credited on deposit liabilities during the prior quarter without the prior written notice of non-objection of the Regional Director. The growth restriction imposed by this Paragraph shall remain in effect until the Association receives the Regional Director’s written notice of non-objection of its Business Plan pursuant to Paragraph 3 of this Agreement.

Growth. 2922. Effective immediately, the Association shall not increase its total assets during any quarter in excess of an amount equal to net interest credited on deposit liabilities during the prior quarter without the prior written notice of non-objection of the Regional Director. The growth restriction imposed by this Paragraph shall remain in effect until the Association receives the Regional Director’s written notice of non-objection of its Business Plan pursuant to Paragraph 4 or Paragraph 9 of this Agreement.

Growth. 2923. Effective immediately, the Association shall not increase its total assets during any quarter in excess of an amount equal to net interest credited on deposit liabilities during the prior quarter without the prior written notice of non-objection of the Regional Director. The growth restriction imposed by this Paragraph shall remain in effect until the Regional Director reviews and approves the Association’s Business Plan as required under Paragraph 2 of this Agreement.

Growth. 2919. Effective immediately, the Association shall not increase its total assets during any quarter in excess of an amount equal to net interest credited on deposit liabilities during the prior quarter without the prior written notice of non-objection of the Regional Director. The growth restriction imposed by this Paragraph shall remain in effect until the Regional Director reviews and approves the Association’s Business Plan as required under Paragraph 12 of this Agreement.

Growth. 2916. Effective immediately, the Association shall not increase its total assets during any quarter in excess of an amount equal to net interest credited on deposit liabilities during the prior quarter without the prior written notice of non-objection of the Regional Director. The growth restriction imposed by this Paragraph shall remain in effect until the Regional Director reviews and approves the Association’s Business Plan as required under Paragraph 10 of this Agreement.

Growth. 296. Effective immediately, the Association shall not increase its total assets during any quarter in excess of an amount equal to net interest credited on deposit liabilities during the prior quarter without the prior written notice approval of the Regional Director. The growth restrictions imposed by this Paragraph shall remain in effect until the Association receives the Regional Director’s written non-objection of the Regional Directorits Business Plan pursuant to Paragraph 1 of this Agreement.