Conversion Regulations definition

Conversion Regulations means Part 86 of the General Regulations of the Banking Board and the regulations of the FDIC applicable to mutual to stock conversions, 12 C.F.R. Section 303.15, to the extent such regulations preempt or supplement Part 86 .
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Conversion Regulations means Part 86 of the General Regulations of the Banking Board of the State of New York ("Part 86"), Article VI-C of the Consolidated Laws of the State of New York ("Article VI-C") and the regulations of the FDIC applicable to mutual to stock Conversions, 12 C.F.R. (S) 303.15, to the extent such regulations preempt or supplement Part 86 and/or Article VI-C.
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Conversion Regulations means Part 563b of the Rules and Regulations of the OTS.
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Examples of Conversion Regulations in a sentence

  • An Independent Appraiser shall be employed by the Bank to provide it with an independent valuation of the estimated pro forma market value of the Conversion Stock to be issued in the Conversion as required by the Conversion Regulations.

  • All shares sold in the Conversion will be sold at a uniform price per share referred to in this Plan as the Actual Purchase Price in accordance with the Conversion Regulations.

  • For purposes of this Section and the Conversion Regulations, a time account shall be deemed to be closed upon its maturity date regardless of any renewal thereof.

  • The valuation shall be prepared in accordance with Section 563b.7 of the Conversion Regulations.

  • The Holding Company also has filed with the OTS its application on Form H-(e)1-S (together with other required ancillary applications and/or notices and all amendments or supplements thereto, the “Holding Company Application”) to become a unitary savings and loan holding company under the Conversion Regulations.

  • The estimated consolidated pro forma market value of the INSTITUTION or the Holding Company, if utilized, will be determined for such purpose by the Independent Appraiser in accordance with the Conversion Regulations.

  • The Company, or the Bank if the Company is not utilized, will restrict repurchases of Common Stock and the implementation of stock option and management and employee stock benefit plans as required by the Conversion Regulations, unless such requirements are waived by the appropriate regulatory agency or agencies.

  • In accordance with the regulations of the Office of Thrift Supervision ("OTS") governing the conversions of savings associations (the "Conversion Regulations"), the MHC has filed with the OTS an Application for Conversion on Form AC (the "Conversion Application"), including the prospectus, and has filed such amendments thereto, if any, as may have been required by the OTS.

  • The initial liquidation account balance shall not be increased, and shall be subject to downward adjustment to the extent of any downward adjustment of any subaccount balance of any Eligible Account Holder in accordance with the Conversion Regulations.

  • Pursuant to the OTS's -------------------------------------- Conversion Regulations, the Holding Company (a) may not, for a period of one year after the Conversion and Reorganization, repurchase its stock from any person, and (b) may repurchase, as part of an open-market stock repurchase program, in years two and three after the Conversion and Reorganization no more than 5 percent of outstanding Holding Company Stock during a twelve month period.

Related to Conversion Regulations

  • CFTC Regulations means the rules and regulations promulgated by the CFTC, as amended.

  • HIPAA Regulations means the regulations promulgated under HIPAA by the United States Department of Health and Human Services, including, but not limited to, 45 C.F.R. Part 160 and 45 C.F.R. Part 164.

  • ISA Regulations means The Individual Savings Account Regulations 1998, as amended or replaced from time to time.

  • SEBI Regulations means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 together with the circulars issued thereunder, including any statutory modification(s) or re-enactment(s) thereof for the time being in force.

  • CDM Regulations means the Construction (Design and Management) Regulations 2015;

  • TRADES Regulations means the regulations of the United States Department of the Treasury, published at 31 C.F.R. Part 357, as amended from time to time. Unless otherwise defined herein, all terms defined in the TRADES Regulations are used herein as therein defined.

  • FCC Regulations means the regulations duly and lawfully promulgated by the FCC, as in effect from time to time.

  • Security Regulations has the meaning set forth in Section 8.2(a).

  • Privacy Regulations means the Privacy and Electronic Communications (EC Directive) Regulations 2003 as amended in 2004, 2011, 2015 and 2016 and as may be further amended from time to time;

  • Interconnection Regulations means the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) Regulations, 2017 (as amended).

  • WHFIT Regulations Treasury Regulations section 1.671-5, as amended.

  • TUPE Regulations means the Transfer of Undertakings (Protection of Employment) Regulations 2006, as amended.

  • Margin Regulations means Regulations T, U and X of the Board of Governors of the Federal Reserve System, as in effect from time to time.

  • Listing Regulations means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

  • OFAC Regulations means the regulations promulgated by OFAC, as amended from time to time.

  • UCITS Regulations means the European Communities Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011) (as amended consolidated or substituted from time to time) and any regulations or notices issued by the Central Bank pursuant thereto for the time being in force.