Common use of Refund of Purchase Price Clause in Contracts

Refund of Purchase Price. In the event that the Reorganization ------------------------ is not consummated for any reason, including but not limited to the inability to sell the Conversion Shares during the Offerings (including any permitted extension thereof), this Agreement shall terminate and any persons who have subscribed for any of the Conversion Shares shall have refunded to them the full amount which has been received from such person, together with interest at the Bank's current annual passbook rate, from the date payment is received to the date said refund is made as provided in the Prospectus. Upon termination of this Agreement, neither the Agent nor the Primary Parties shall have any obligation to the other except that (i) the Primary Parties shall remain liable for any amounts due pursuant to Sections 4(a), 8, 10 and 11 hereof, unless the transaction is not consummated due to the breach by the Agent of a warranty, representation or covenant; and (ii) the Agent shall remain liable for any amount due pursuant to Sections 10 and 11 hereof, unless the transaction is not consummated due to the breach by the Primary Parties of a warranty, representation or covenant.

Refund of Purchase Price. In the event that the Reorganization ------------------------ is Offerings are not consummated for any reason, including but not limited to the inability to sell the a minimum of 935,000 Conversion Shares during the Offerings Offering (including any permitted extension thereof)) or such other minimum number of Shares as shall be established consistent with the Plan and the Conversion Regulations, this Agreement shall terminate and any persons who have subscribed for any of the Conversion Shares shall have refunded to them the full amount which that has been received from such person, together with interest at the Bank's current annual passbook ratewithout interest, from the date payment is received to the date said refund is made as provided in the Prospectus. Upon termination of this Agreement, neither the Agent nor the Primary Parties shall have any obligation to the other except that (i) the Primary Parties shall remain liable for any amounts due pursuant to Sections 4(a)4, 89, 10 11 and 11 12 hereof, unless the transaction is not consummated due to the breach by the Agent of a warranty, representation or covenant; and (ii) the Agent shall remain liable for any amount due pursuant to Sections 10 11 and 11 12 hereof, unless the transaction is not consummated due to the breach by the Primary Parties of a warranty, representation or covenant.

Refund of Purchase Price. In the event that the Reorganization ------------------------ is not consummated for any reason, including but not limited to the inability to sell the Conversion Shares during the Offerings (including any permitted extension thereof), this Agreement shall terminate and any persons who have subscribed for any of the Conversion Shares shall have refunded to them the full amount which has been received from such person, together with interest at the Bank's current annual passbook rate, from the date payment is received to the date said refund is made as provided in the Prospectus. Upon termination of this Agreement, neither the Agent nor the Primary Parties shall have any obligation to the other except that (i) the Primary Parties shall remain liable for any amounts due pursuant to Sections 4(a), 8, 10 and 11 hereof, unless the transaction is not consummated due to the breach by the Agent of a warranty, representation or covenant; and (ii) the Agent shall remain liable for any amount due pursuant to Sections 10 and 11 hereof, unless the transaction is not consummated due to the breach by the Primary Parties of a warranty, representation or covenant.

Refund of Purchase Price. In the event that the Reorganization ------------------------ Offering is not consummated for any reason, including but not limited to the inability to sell the Conversion Shares during the Offerings (including any permitted extension thereof), this Agreement shall terminate and any persons who have subscribed for any of the Conversion Shares shall have refunded to them the full amount which has been received from such person, together with interest at the Bank's current annual passbook savings rate, from the date payment is received to the date said refund is made as provided in the Prospectus. Upon termination of this Agreement, neither the Agent nor the Primary Parties shall have any obligation to the other except that (i) the Primary Parties shall remain liable for any amounts due pursuant to Sections 4(a)4, 8, 10 and 11 hereof, unless the transaction is not consummated due to the breach by the Agent of a warranty, representation or covenant; and (ii) the Agent shall remain liable for any amount due pursuant to Sections 10 and 11 hereof, unless the transaction is not consummated due to the breach by the Primary Parties of a warranty, representation or covenant.

Refund of Purchase Price. In the event that the Reorganization ------------------------ Conversion is not consummated for any reason, including but not limited to the inability to sell the Conversion a minimum of 935,000 Shares during the Offerings (including any permitted extension thereof)) or such other minimum number of Shares as shall be established consistent with the Plan and the Conversion Regulations, this Agreement shall terminate and any persons who have subscribed for or ordered any of the Conversion Shares shall have refunded to them the full amount which has been received from such person, together with interest at the Bank's current annual passbook rateinterest, from the date payment is received to the date said refund is made if applicable, as provided in the Prospectus. Upon termination of this Agreement, neither the Agent nor the Primary North Penn Parties shall have any obligation to the other except that (i) the Primary North Penn Parties shall remain liable for any amounts due pursuant to Sections 4(a)4, 89, 10 11 and 11 12 hereof, unless the transaction is not consummated due to the breach by the Agent of a warranty, representation or covenant; and (ii) the Agent shall remain liable for any amount due pursuant to Sections 10 11 and 11 12 hereof, unless the transaction is not consummated due to the breach by the Primary North Penn Parties of a warranty, representation or covenant.

Refund of Purchase Price. In the event that the Reorganization ------------------------ Offering is not ------------------------ consummated for any reason, including but not limited to the inability to sell the Conversion Shares during the Offerings Offering (including any permitted extension thereof), this Agreement shall terminate and any persons who have subscribed for any of the Conversion Shares shall have refunded to them the full amount which has been received from such person, together with interest at the Bank's current annual passbook savings rate, from the date payment is received to the date said refund is made as provided in the Prospectus. Upon termination of this Agreement, neither the Agent nor the Primary Parties shall have any obligation to the other except that (i) the Primary Parties shall remain liable for any amounts due pursuant to Sections 4(a)4, 8, 10 and 11 hereof, unless the transaction is not consummated due to the breach by the Agent of a warranty, representation or covenant; and (ii) the Agent shall remain liable for any amount due pursuant to Sections 10 and 11 hereof, unless the transaction is not consummated due to the breach by the Primary Parties of a warranty, representation or covenant.

Refund of Purchase Price. In the event that the Reorganization ------------------------ Conversion is not consummated for any reason, including but not limited to the inability to sell the Conversion a minimum of 12,750,000 Shares during the Offerings Offering (including any permitted extension thereof)) or such other minimum number of Shares as shall be established consistent with the Plan and the Conversion Regulations, this Agreement shall terminate and any persons who have subscribed for or ordered any of the Conversion Shares shall have refunded to them the full amount which has been received from such person, together with interest at the Bank's current annual passbook rateinterest, from the date payment is received to the date said refund is made if applicable, as provided in the Prospectus. Upon termination of this Agreement, neither the Agent nor the Primary Parties shall have any obligation to the other except that (i) the Primary Parties shall remain liable for any amounts due pursuant to Sections 4(a)4, 89, 10 11 and 11 12 hereof, unless the transaction is not consummated due to the breach by the Agent of a warranty, representation or covenant; and (ii) the Agent shall remain liable for any amount due pursuant to Sections 10 11 and 11 12 hereof, unless the transaction is not consummated due to the breach by the Primary Parties of a warranty, representation or covenant.

Refund of Purchase Price. In the event that the Reorganization ------------------------ is Offerings are not consummated for any reason, including but not limited to the inability to sell the a minimum of 1,020,000 Conversion Shares during the Offerings Offering (including any permitted extension thereof)) or such other minimum number of Shares as shall be established consistent with the Plan and the Conversion Regulations, this Agreement shall terminate and any persons who have subscribed for any of the Conversion Shares shall have refunded to them the full amount which that has been received from such person, together with interest at the Bank's current annual passbook ratewithout interest, from the date payment is received to the date said refund is made as provided in the Prospectus. Upon termination of this Agreement, neither the Agent nor the Primary Parties shall have any obligation to the other except that (i) the Primary Parties shall remain liable for any amounts due pursuant to Sections 4(a)4, 89, 10 11 and 11 12 hereof, unless the transaction is not consummated due to the breach by the Agent of a warranty, representation or covenant; and (ii) the Agent shall remain liable for any amount due pursuant to Sections 10 11 and 11 12 hereof, unless the transaction is not consummated due to the breach by the Primary Parties of a warranty, representation or covenant.