Common use of PAYMENT FOR CONVERSION STOCK Clause in Contracts

PAYMENT FOR CONVERSION STOCK. All payments for Conversion subscribed for or ordered in the Offerings must be delivered in full to the Bank along with a properly completed and executed Order Form, or purchase order in the case of the Syndicated Community Offering, on or prior to the expiration date specified on the Order Form or purchase order, as the case may be, unless such date is extended by the Holding Company. A properly completed original stock Order Form must be used to subscribe for Conversion Stock. Copies of an order form are not required to be accepted. The Bank shall not knowingly loan funds or otherwise extend credit to any Participant or other Person to purchase Conversion Stock. Each share of Conversion Stock shall be non-assessable upon payment in full of the Actual Purchase Price. Payment for Conversion Stock will be permitted to be made in any of the following manners:

PAYMENT FOR CONVERSION STOCK. All payments for Conversion subscribed for or ordered in the Offerings must be delivered in full to the Bank along with a properly completed and executed Order Form, or purchase order in the case of the Syndicated Community Offering, on or prior to the expiration date specified on the Order Form or purchase order, as the case may be, unless such date is extended by the Holding CompanyBank. A properly completed original stock Order Form must be used to subscribe for Conversion Stock. Copies of an order form are not required to be accepted. The Bank shall not knowingly loan funds or otherwise extend credit to any Participant or other Person to purchase Conversion Stock. Each share of Conversion Stock shall be non-assessable upon payment in full of the Actual Purchase Price. Payment for Conversion Stock will be permitted to be made in any of the following manners: