Supplemental Eligibility Record Date definition

Supplemental Eligibility Record Date if applicable, means the date for determining Qualifying Deposits of Supplemental Eligible Account Holders and shall be required if the Eligibility Record Date is more than 15 months prior to the date of the latest amendment to the Application for Conversion filed by the Mutual Holding Company prior to approval of such application by the OTS. If applicable, the Supplemental Eligibility Record Date shall be the last day of the calendar quarter preceding OTS approval of the Application for Conversion submitted by the Mutual Holding Company pursuant to this Plan of Conversion.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Supplemental Eligibility Record Date means the record date for determining Supplemental Eligible Account Holders, which is the close of business on the last day of the calendar quarter preceding the approval of the Plan by the Superintendent.

Supplemental Eligibility Record Date. The term Supplemental Eligibility Record Date means the close of business on the last day of the calendar quarter preceding the approval of the Plan by the OTS.

Examples of Supplemental Eligibility Record Date in a sentence

• For Deposit Accounts in existence at both the Eligibility Record Date and the Supplemental Eligibility Record Date, if any, separate initial subaccount balances shall be determined on the basis of the Qualifying Deposits in such Deposit Accounts on each such record date.

• The subaccount balance of an Eligible Account Holder or Supplemental Eligible Account Holder, if any, will be reduced to zero if the Account Holder ceases to maintain a Deposit Account at the Bank that has the same social security number as appeared on his Deposit Account(s) at the Eligibility Record Date or, if applicable, the Supplemental Eligibility Record Date.

• Each Eligible Account Holder and Supplemental Eligible Account Holder shall, with respect to his Savings Account, hold a related inchoate interest in a portion of the Liquidation Account balance, in relation to his Savings Account balance at the Eligibility Record Date and/or Supplemental Eligibility Record Date or to such balance as it may be subsequently reduced, as hereinafter provided.

• A single Order Form for all Deposit Accounts maintained with the Bank by an Eligible Account Holder and any Supplemental Eligible Account Holder may be furnished, irrespective of the number of Deposit Accounts maintained with the Bank on the Eligibility Record Date and Supplemental Eligibility Record Date, respectively.

• Each Eligible Account Holder and Supplemental Eligible Account Holder shall, with respect to his Savings Account, hold a related inchoate interest in a portion of the liquidation account balance, in relation to his Savings Account balance at the Eligibility Record Date and Supplemental Eligibility Record Date or to such balance as it may be subsequently reduced, as hereinafter provided.

More Definitions of Supplemental Eligibility Record Date

Supplemental Eligibility Record Date means the last day of the calendar quarter preceding the approval of the Plan by the Department.

Supplemental Eligibility Record Date if applicable, means the date for determining Qualifying Deposits of Supplemental Eligible Account Holders and shall be required if the Eligibility Record Date is more than 15 months prior to the date of the latest amendment to the Notice of MHC Reorganization filed prior to approval of such application by the OTS. If applicable, the Supplemental Eligibility Record Date shall be the last day of the calendar quarter preceding OTS approval of the Notice of MHC Reorganization submitted by the Bank pursuant to the Reorganization Plan.

Supplemental Eligibility Record Date means the date for determining supplemental eligible account holders of an applicant required by s. DFI−SB 21.10 (5). The date shall be the last day preceding adoption of a plan of conversion by the institution’s board of directors.

Supplemental Eligibility Record Date the close of business on the last day of the calendar quarter preceding the approval of this Plan by the OTS. Supplemental Eligible Account Holder: a holder of a Qualifying Deposit in the Bank (other than an Officer or Director or their Associates) at the close of business on the Supplemental Eligibility Record Date.

Supplemental Eligibility Record Date means the last day of the calendar quarter preceding the approval of the Stock Issuance Plan by the OTS.

Supplemental Eligibility Record Date means the date for determining supplemental eligible account holders of an applicant required by s. DFI−SB 21.10 (5). The date shall be the last day pre-

Supplemental Eligibility Record Date means the last day of the calendar quarter preceding approval of the Plan of Conversion by the OCC.