Common use of Growth Clause in Contracts

Growth. 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 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.

Appears in 1 contract

Samples: Supervisory Agreement

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Growth. 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 non-objection approval of the Regional Director. The growth restriction restrictions imposed by this Paragraph shall remain in effect until the Association receives the Regional Director reviews and approves the AssociationDirector’s written non-objection of its Business Plan as required under pursuant to Paragraph 2 1 of this Agreement.

Appears in 1 contract

Samples: Supervisory Agreement

Growth. 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.

Appears in 1 contract

Samples: Supervisory Agreement (WSB Holdings Inc)

Growth. 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 reviews and approves the AssociationDirector’s written notice of non-objection of its Business Plan as required under pursuant to Paragraph 2 4 or Paragraph 9 of this Agreement.

Appears in 1 contract

Samples: Supervisory Agreement

Growth. 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 reviews and approves the AssociationDirector’s written notice of non-objection of its Business Plan as required under pursuant to Paragraph 2 3 of this Agreement.

Appears in 1 contract

Samples: Supervisory Agreement

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Growth. 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 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 12 of this Agreement.

Appears in 1 contract

Samples: Supervisory Agreement

Growth. 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 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 10 of this Agreement.

Appears in 1 contract

Samples: Supervisory Agreement

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