Permitted Regulatory Transfer definition

Permitted Regulatory Transfer means a transfer of capital stock of the Corporation by a Regulated Investor or Transferee to a party that is not an affiliate (as the term “affiliate” is used for purposes of the BHC Act) of such Regulated Investor or Transferee:

Permitted Regulatory Transfer means a transfer of the type identified in the regulations of the Board of Governors of the Federal Reserve System at 12 C.F.R. § 225.9(a)(3)(ii), or any successor provision thereto.

Permitted Regulatory Transfer has the meaning set forth in Section 3.10(e)(i).

Examples of Permitted Regulatory Transfer in a sentence

• As of the close of business on the date of conversion, shares of Non-Voting Common Stock converted in accordance with this Section 4.6 shall not be deemed to be outstanding for any purpose and holders of converted Non-Voting Common Stock shall have no rights with respect to the Non-Voting Common Stock so converted, other than the right for the transferee in the Permitted Regulatory Transfer to receive the shares of Voting Common Stock issuable upon conversion of such Non-Voting Common Stock.

• Effective immediately upon any Permitted Regulatory Transfer (as defined below), each share of Non-Voting Common Stock so transferred shall automatically be converted into one share of Voting Common Stock.

• Shares of Series D-1 Preferred Stock shall not be convertible into Common Stock pursuant to Section 4.1.1 in the hands of a Regulated Holder or its Transferees (unless such conversion is in connection with a Permitted Regulatory Transfer (as defined below) (such restriction, the “Regulatory Conversion Restriction”).

• Shares of Series D-1 Preferred Stock and Series E-1 Preferred Stock shall not be convertible into Common Stock pursuant to this Section 4 or otherwise in the hands of a Regulated Holder or its BHCA Transferees, except in connection with a Permitted Regulatory Transfer (as defined below) (such restriction, the “Regulatory Conversion Restriction”).

• Shares of Series B-1 Preferred Stock shall not be convertible into Common Stock pursuant to this Section 4 or otherwise in the hands of a Regulated Holder or its BHCA Transferees, except in connection with a Permitted Regulatory Transfer (as defined below) (such restriction, the “Regulatory Conversion Restriction”).

More Definitions of Permitted Regulatory Transfer

Permitted Regulatory Transfer means a transfer of shares of Non-Voting Common Stock in any of the following transfers:

Permitted Regulatory Transfer shall have the meaning ascribed to such term in the Restated Certificate (as defined below).

Permitted Regulatory Transfer means a transfer of the type identified in the regulations of the Board of Governors of the Federal

Permitted Regulatory Transfer means a transfer of shares of capital stock of the Corporation from a BHCA Shareholder or its BHCA Transferees in any of the following manners:

Permitted Regulatory Transfer means a transfer of capital stock of the Corporation by a BHC Investor or its Regulated Transferee to an unaffiliated person in (A) a wide-spread public distribution; (B) a transfer to the Corporation; (C) transfers in which no transferee (or group of associated transferees) would receive 2% or more of any class of voting securities of the Corporation; or (D) a transfer to a transferee that would control more than 50% of every class of voting securities of the Corporation without any transfer from a BHC Investor or its Regulated Transferees; provided that any such transfer described in this definition must comply with any applicable Corporation transfer restrictions, including those contained in any subscription agreement of the Corporation.

Permitted Regulatory Transfer means any transfer (i) in a Widespread Public Distribution; (ii) to the Company; (iii) in a transfer in which no transferee (or group of associated transferees) would receive 2% or more of the outstanding securities of any class of voting securities of the issuing company; or (iv) to a transferee that would control more than 50% of every class of voting securities of the issuing company without any transfer from the person.

Permitted Regulatory Transfer means any transfer (i) in a Widespread Public Distribution; (ii) to the Company; (iii) in a transfer in which no transferee (or group of associated transferees) would receive 2% or more of the outstanding securities of any class of voting securities of the issuing company; or (iv) to a transferee that would control more than 50% of every class of voting securities of the issuing company without any transfer from the person. For the avoidance of doubt, a Permitted Regulatory Transfer does not include a Transfer to any Affiliate of Purchaser or to any other person with which Purchaser is presumed to be acting in concert under 12 C.F.R. § 303.82(b)(2).