Interim B definition

Interim B. Pulaski Interim "B" Bank, A Federal Savings Bank," which will --------- be formed as a wholly owned interim federal stock savings bank subsidiary of the Holding Company, which will merge with and into the Savings Bank immediately after the merger of Interim A into the Savings Bank.
Sample 1Sample 2
Interim B means “People’s Federal Interim Savings Bank,” to be formed as a wholly owned stock form interim federal savings bank subsidiary of the Company; Interim B will merge with and into the Bank immediately after the merger of Interim A into the Bank.
Sample 1Sample 2
Interim B. The term "Interim B" means Middlesboro Federal Interim Savings --------- Bank, which will be formed as a first-tier, wholly owned subsidiary of the Holding Company to facilitate the Bank Merger.
Sample 1

Examples of Interim B in a sentence

  • By voting in favor of this Plan of Reorganization, the Holding Company, as the sole stockholder of Interim B, shall have agreed (i) to issue shares of Holding Company Common Stock in accordance with the terms hereof and (ii) to cancel all previously issued and outstanding shares of Holding Company Common Stock upon the effectiveness of the Reorganization.

  • This Plan of Reorganization may be abandoned by either the Savings Bank or Interim B at any time before the Effective Date in the manner set forth in the Plan of Conversion.

  • In addition, an application to merge the MHC (following its conversion into an interim federal stock savings bank) and the Savings Bank and an application to merge Interim B and the Savings Bank shall both be filed with the OTS, either as exhibits to the H-(e)1 Application, or separately.

  • The approval of the Holding Company, as the sole holder of the Interim B Common Stock, shall be required to approve the Plan of Conversion, of which this Plan of Reorganization is a part, on behalf of Interim B.

  • Subject to the terms and conditions set forth herein and the prior approval of the OTS of the Conversion and the Reorganization, as defined in the Plan of Conversion, and the expiration of all applicable waiting periods, Interim B shall merge with and into the Savings Bank, with the Savings Bank as the Surviving Corporation.

  • The Holding Company's shares of Interim B will be converted, on a one-to-one basis, into shares of INSTITUTION Common Stock, which will result in the INSTITUTION becoming a wholly-owned subsidiary of the Holding Company.

  • The Holding Company will in turn form Interim B as a wholly owned subsidiary.

  • The merger of Interim B with and into the Bank pursuant to which shares of Bank Common Stock will be converted into shares of Company Common Stock will constitute a reorganization under Section 368(a)(2)(E) or Section 351 of the Code, and no gain or loss will be recognized by Interim B, the Bank or the Company by reason of such Merger.

  • Interim B will merge with and into the Bank (the "MHC merger") pursuant to which the MHC will cease to exist.

  • PSB Interim B Savings Bank, a transitory state stock savings bank formed as a wholly-owned subsidiary of the Holding Company ("Interim B"), will merge with and into the Savings Bank, with the Savings Bank as the surviving entity (the "Savings Bank Merger").


More Definitions of Interim B

Interim B means First Interim Bank of New Jersey, which will be formed as a wholly owned stock form interim savings association subsidiary of the Holding Company, which will merge with and into the INSTITUTION immediately after the merger of Interim A into the INSTITUTION. Institution - The term INSTITUTION means First Savings Bank of New Jersey, SLA, Bayonne, New Jersey. Institution Common Stock - The term Institution Common Stock means the common stock of the INSTITUTION, par value $.10 per share.
Sample 1
Interim B. First Federal Interim "B" Bank, A Federal Savings Bank," --------- which will be formed as a wholly owned interim federal stock savings bank subsidiary of the Holding Company, which will merge with and into the Savings Bank immediately after the merger of Interim A into the Savings Bank.
Sample 1

Related to Interim B

  • Interim Balance Sheet as defined in Section 3.4.

  • Interim DIP Order means an interim order of the Bankruptcy Court approving the DIP Facilities Motion, which order shall be consistent in all material respects with this Agreement and the DIP Credit Agreements, and otherwise in form and substance acceptable to the Debtors and the Requisite Consenting Creditors.

  • Interim Financing means any new financial assistance, provided by an existing or a new creditor, that includes, as a minimum, financial assistance during the stay of individual enforcement actions, and that is reasonable and immediately necessary for the debtor's business to continue operating, or to preserve or enhance the value of that business;

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2012 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2012 interim statement of the insurance company.

  • Interim Balance Sheet Date has the meaning set forth in Section 3.06.

  • Interim Monitor means any monitor appointed pursuant to Paragraph III of this Order or Paragraph III of the related Order to Maintain Assets.

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Interim Financials has the meaning set forth in Section 2.5(a).

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Unaudited Interim Balance Sheet shall have the meaning specified in Section 2.4(a)(iii) of the Agreement.

  • Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.

  • Management Accounts Date means 30 September 2010;

  • Company Balance Sheet means the consolidated balance sheet of the Company and its Subsidiaries as of December 31, 2016 and the footnotes thereto set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2016.

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Current Financials means, at any time, the consolidated Financial Statements of the Companies most recently delivered to Administrative Agent under Section 7.1(a) or 7.1(b), as the case may be.

  • Financial Statement Date means December 31, 1999.