Common use of Certain Prohibited Activities Clause in Contracts

Certain Prohibited Activities. (a) Glacier shall not declare or pay any cash dividend, or make any other cash distribution, with respect to Glacier Common Stock, other than its regular quarterly dividend in an amount not to exceed $0.15 per share and special dividends consistent with past practice, in an amount not to exceed $0.05 per share; and (b) neither Glacier nor any of its Subsidiaries will acquire any assets (including the capital stock of, or ownership interest in, another entity) outside the ordinary course of business, except that Glacier and/or its financial institution Subsidiaries may acquire the assets and liabilities of or capital stock of one or more financial institutions so long as the deposit liabilities acquired or assumed in all such transactions do not exceed $200 million in the aggregate; provided the foregoing shall not apply to the purchase of branches, deposits and associated loan assets from Well▇ ▇▇▇go and First Security Bank, N.A. on terms and conditions consistent with those previously disclosed by Glacier to WesterFed.