Stock Holding Company definition
Examples of Stock Holding Company in a sentence
The aggregate Purchase Price for the Common Stock will not be inconsistent with such market value of the Stock Holding Company and the Bank.
Notwithstanding the foregoing, the Bank and the Stock Holding Company shall have the right, in their sole discretion, to permit institutional investors to submit contractually irrevocable orders in the Community Offering (if any), and to thereafter submit payment for the Common Stock for which they are subscribing in the Community Offering (if any), at any time prior to the completion of the Stock Offering.
The Stock Holding Company and the Bank shall not distribute the final prospectus until such prospectus has been approved for use by the OTS and declared effective by the SEC.
Within the time period required by applicable laws and regulations, the Stock Holding Company will register the securities issued in connection with the Offering pursuant to the Securities Exchange Act of 1934 and will not deregister such securities for a period of at least three years thereafter, except that the maintenance of registration for three years requirement may be fulfilled by any successor to the Stock Holding Company.
The Bank and the Stock Holding Company may declare dividends or make other capital distributions or repurchase stock in accordance with applicable laws and regulations.