Conversion Transaction means the conversion of the Company from the mutual to stock form of organization either on a stand-alone basis or in the context of a merger conversion.
Conversion Transaction means the conversion of the Company from the mutual to stock form of organization either on a stand-alone basis or in the context of a merger conversion, as contemplated by regulations of the OTS or any successor thereof.
Conversion Transaction means a conversion, whether by merger, statutory conversion or otherwise) of the Borrower from a limited partnership to a limited liability company or a corporation or an exchange of some or all of the outstanding partnership interest in the Borrower for Equity Interests in a corporation or a limited liability company.
Examples of Conversion Transaction in a sentence
Any Conversion Transaction shall be fair and equitable to Minority Stockholders.
Management of the Bank has no current intention to conduct a Conversion Transaction.
There can be no assurance when, if ever, a Conversion Transaction will occur.
Following the completion of the Reorganization, the MHC may elect to convert to stock form in accordance with applicable law (a "Conversion Transaction").
The Minority Ownership Interest of Minority Stockholders shall not be reduced in a Conversion Transaction as a result of any waiver of dividends by the MHC.
More Definitions of Conversion Transaction
Conversion Transaction. With respect to a Mortgage Loan, a transaction initiated by Purchaser's delivery to Custodian of a Request for Certification containing a Conversion Code. A Conversion Transaction shall always be preceded by a Dry Transaction.
Conversion Transaction means the conversion of the business of CESTC from a limited partnership structure to a corporate structure pursuant to the Arrangement;
Conversion Transaction means any merger, consolidation, conversion, reorganization, exchange of securities or liquidation of the Company as a result of which the Persons who were Members immediately prior to such transaction (other than such Persons who received cash payments in such transaction in lieu of fractional interests) will, immediately thereafter, still own (in the same proportion), directly or indirectly, all of the securities or other equity interests representing the combined voting power of each successor entity's then outstanding voting securities or other equity interests.
Conversion Transaction means a transaction where the Customer purchases one currency by virtue of sale of another currency.
Conversion Transaction means an exchange of shares of Common Stock of the Company for units of membership interest in a publicly-traded Delaware limited liability company that results in the Company becoming a Subsidiary of such publicly-traded Delaware limited liability company and further results in the Securities becoming convertible into Equity Interests of such Delaware limited liability company pursuant to the terms of the Indenture.
Conversion Transaction has the meaning set forth in Section 2.2.
Conversion Transaction means the conversion of the business of CESTC from a limited partnership structure to a corporate structure pursuant to a plan of arrangement under the CBCA completed on January 1, 2010;