Common use of Compliance with Capital Requirements Clause in Contracts

Compliance with Capital Requirements. Notwithstanding anything in this Agreement to the contrary, no payments may be made pursuant to Section 8 hereof without the prior approval of the OTS if following such payment the Association would not be in compliance with its fully phased-in capital requirements as defined in OTS regulations.

Appears in 5 contracts

Samples: Employment Agreement (Mahaska Investment Co), Employment Agreement (Midwest Bancshares Inc /De/), Employment Agreement (Mahaska Investment Co)

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