Common use of Fees for Syndicated Community Offering Clause in Contracts

Fees for Syndicated Community Offering. If any shares of the Common Stock remain unsold after the completion of the Subscription Offering and any Community Offering, at the request of the Company, KBW will seek to form a syndicate of registered broker-dealers (a “Syndicated Community Offering”), to assist on a best efforts basis, subject to the terms and conditions set forth in a selected dealers agreement to be entered into by and between the Company and KBW. KBW will endeavor to distribute the Common Stock among broker-dealers in a fashion which Xxxxx, Xxxxxxxx & Xxxxx • 0 Xxxxx Xxxxxx Xxxxx, Suite 3400 • Xxxxxxx, XX 00000 312.423.8200 • 000.000.0000 • Fax 000.000.0000 • xxx.xxx.xxx First Seacoast Bancorp, MHC First Seacoast Bancorp First Seacoast Bank August 22, 2022 best meets the distribution objectives of the Company and the Conversion. In the event of a Syndicated Community Offering, KBW will be paid a transaction fee not to exceed 6% of the aggregate purchase price of the shares of Common Stock sold in the Syndicated Community Offering. The Success Fee described in 4(b) will be credited against the transaction fee. From this fee, KBW will pass onto selected broker-dealers (if any), who assist in the Syndicated Community Offering, an amount competitive with gross underwriting discounts charged at such time for comparable amounts of stock sold at a comparable price per share in a similar market environment. Fees with respect to purchases affected with the assistance of a broker/dealer other than KBW shall be transmitted by KBW to such broker/dealer.

Appears in 1 contract

Samples: Letter Agreement (First Seacoast Bancorp, Inc.)

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Fees for Syndicated Community Offering. If any shares of the Common Stock remain unsold after the completion of the Subscription Offering and any Community Offering, at the request of the Company, KBW will seek to form a syndicate of registered broker-dealers (to assist in a Syndicated Community Offering”), to assist on a best efforts basis, subject to the terms and conditions set forth in a selected dealers agreement to be entered into by and between the Company and KBW. KBW will endeavor to distribute the Common Stock among broker-dealers in a fashion which Xxxxx, Xxxxxxxx & Xxxxx • 0 Xxxxx Xxxxxx Xxxxx, Suite 3400 • Xxxxxxx, XX 00000 312.423.8200 • 000.000.0000 • Fax 000.000.0000 • xxx.xxx.xxx First Seacoast Bancorp, MHC First Seacoast Bancorp First Seacoast Bank August 22, 2022 best meets the distribution objectives of the Company and the Conversion. In the event of a Syndicated Community Offering, KBW will be paid paid, in addition to (and not in lieu of) the Success Fee, a transaction fee not to exceed 65.0% of the aggregate purchase price of the shares of Common Stock sold in the Syndicated Community Offering. The Success Fee described in 4(b) will be credited against the transaction fee. From this fee, KBW will pass onto selected broker-dealers (if any), who assist in the Syndicated Community Kxxxx, Bxxxxxxx & Wxxxx • 70 Xxxx Xxxxxxx, Xxxxx 0000 • Cxxxxxx, XX 00000 312.423.8200 • 800.000.0000 • Fax 312.423. 8232 • wxx.xxx.xxx Putnam Bancorp, MHC PSB Holdings, Inc. Putnam Bank June 12, 2015 Offering, an amount competitive with gross underwriting discounts charged at such time for comparable amounts of stock sold at a comparable price per share in a similar market environment. Fees with respect to purchases affected with the assistance of a broker/dealer other than KBW shall be transmitted by KBW to such broker/dealer. The terms of any Agency Agreement (as defined herein) to be entered into between the Company and KBW in connection with the Offerings shall contain fee provisions no less favorable to KBW than those set forth above. To the extent required under applicable FINRA rules and regulations, the payment of compensation by the Company to KBW pursuant to this Section 4 is subject to FINRA’s review thereof.

Appears in 1 contract

Samples: Agency Agreement (PSB Holdings, Inc.)

Fees for Syndicated Community Offering. If any shares of the Common Stock remain unsold after the completion of the Subscription Offering and any Community Offering, at the request of the Company, KBW will seek to form a syndicate of registered broker-dealers (to assist in a Syndicated Community Offering”), to assist on a best efforts basis, subject to the terms and conditions set forth in a selected dealers agreement to be entered into by and between the Company and KBW. KBW will endeavor to distribute the Common Stock among broker-dealers in a fashion which Xxxxx, Xxxxxxxx & Xxxxx • 0 Xxxxx Xxxxxx Xxxxx, Suite 3400 • Xxxxxxx, XX 00000 312.423.8200 • 000.000.0000 • Fax 000.000.0000 • xxx.xxx.xxx First Seacoast Bancorp, MHC First Seacoast Bancorp First Seacoast Bank August 22, 2022 best meets the distribution objectives of the Company and the Conversion. In the event of a Syndicated Community Offering, KBW will be paid paid, in addition to (and not in lieu of) the Success Fee, a transaction fee not to exceed 65.0% of the aggregate purchase price of the shares of Common Stock sold in the Syndicated Community Offering. The Success Fee described in 4(b) will be credited against the transaction fee. From this fee, KBW will pass onto selected broker-dealers (if any), who assist in the Syndicated Community Kxxxx, Bxxxxxxx & Wxxxx • 70 Xxxx Xxxxxxx, Xxxxx 0000 • Chicago, IL 60602 312.423.8200 • 800.000.0000 • Fax 312.423. 8232 • wxx.xxx.xxx Putnam Bancorp, MHC PSB Holdings, Inc. Pxxxxx Bank June 12 , 2015 Offering, an amount competitive with gross underwriting discounts charged at such time for comparable amounts of stock sold at a comparable price per share in a similar market environment. Fees with respect to purchases affected with the assistance of a broker/dealer other than KBW shall be transmitted by KBW to such broker/dealer. The terms of any Agency Agreement (as defined herein) to be entered into between the Company and KBW in connection with the Offerings shall contain fee provisions no less favorable to KBW than those set forth above. To the extent required under applicable FINRA rules and regulations, the payment of compensation by the Company to KBW pursuant to this Section 4 is subject to FINRA’s review thereof.

Appears in 1 contract

Samples: Agency Agreement (PB Bancorp, Inc.)

Fees for Syndicated Community Offering. If any shares of the Common Stock remain unsold after the completion of the Subscription Offering and any Community Offering, at the request of the Company, KBW will seek to form a syndicate of registered broker-dealers (to assist in a Syndicated Community Offering”), to assist on a best efforts basis, subject to the terms and conditions set forth in a selected dealers agreement to be entered into by and between the Company and KBW. KBW will endeavor to distribute the Common Stock among broker-dealers in a fashion which Xxxxx, Xxxxxxxx & Xxxxx • 0 Xxxxx Xxxxxx Xxxxx, Suite 3400 • Xxxxxxx, XX 00000 312.423.8200 • 000.000.0000 • Fax 000.000.0000 • xxx.xxx.xxx First Seacoast Bancorp, MHC First Seacoast Bancorp First Seacoast Bank August 22, 2022 best meets the distribution objectives of the Company and the Conversion. In the event of a Syndicated Community Offering, KBW will be paid a transaction fee not to exceed 6% of the aggregate purchase price of the shares of Common Stock sold in the Syndicated Community Offering. The Success Fee described in 4(b) will not be credited against the transaction feefee and will be separately due and payable to KBW. Kxxxx, Bxxxxxxx & Wxxxx • 70 Xxxx Xxxxxxx, Xxxxx 0000 • Cxxxxxx, XX 00000 312.423.8200 • 800.000.0000 • Fax 300.000.0000 • wxx.xxx.xxx Eagle Savings Bank February 24, 2017 From this the transaction fee, KBW will pass onto selected broker-dealers (if any), who assist in the Syndicated Community Offering, an amount competitive with gross underwriting discounts charged at such time for comparable amounts of stock sold at a comparable price per share in a similar market environment. Fees with respect to purchases affected with the assistance of a broker/dealer other than KBW shall be transmitted by KBW to such broker/dealer.

Appears in 1 contract

Samples: Letter Agreement (Eagle Financial Bancorp, Inc.)

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Fees for Syndicated Community Offering. If any shares of the Common Stock remain unsold after the completion of the Subscription Offering and any Community Offering, at the request of the Company, KBW will seek to form a syndicate of registered broker-dealers (a “Syndicated Community Offering”), to assist on a best efforts basis, subject to the terms and conditions set forth in a selected dealers agreement to be entered into by and between the Company and KBW. KBW will endeavor to distribute the Common Stock among broker-dealers in a fashion which Xxxxx, Xxxxxxxx & Xxxxx • 0 Xxxxx Xxxxxx Xxxxx, Suite 3400 • Xxxxxxx, XX 00000 312.423.8200 • 000.000.0000 • Fax 000.000.0000 • xxx.xxx.xxx First Seacoast Bancorp, MHC First Seacoast Bancorp First Seacoast Bank August 22, 2022 best meets the distribution objectives of the Company and the Conversion. In the event of a Syndicated Community Offering, KBW will be paid a transaction fee not Kxxxx, Bxxxxxxx & Wxxxx • 70 Xxxx Xxxxxxx, Xxxxx 0000 • Chicago, IL 60602 312.423.8200 • 800.000.0000 • Fax 300.000.0000 • wxx.xxx.xxx AF Mutual Holding Company Alamogordo Financial Corp. BANK’34 December 23, 2015 to exceed 66.0% of the aggregate purchase price of the shares of Common Stock sold in the Syndicated Community Offering. The Success Fee described in 4(b) will be credited against the transaction fee. From this fee, KBW will pass onto selected broker-dealers (if any), who assist in the Syndicated Community Offering, an amount competitive with gross underwriting discounts charged at such time for comparable amounts of stock sold at a comparable price per share in a similar market environment. Fees with respect to purchases affected with the assistance of a broker/dealer other than KBW shall be transmitted by KBW to such broker/dealer.

Appears in 1 contract

Samples: Agency Agreement (Bancorp 34, Inc.)

Fees for Syndicated Community Offering. If any shares of the Common Stock remain unsold after the completion of the Subscription Offering and any Community Offering, at the request of the Company, KBW will seek to form a syndicate of registered broker-dealers (a “Syndicated Community Offering”), to assist on a best efforts basis, subject to the terms and conditions set forth in a selected dealers agreement to be entered into by and between the Company and KBW. KBW will endeavor to distribute the Common Stock among broker-dealers in a fashion which Xxxxx, Xxxxxxxx & Xxxxx • 0 Xxxxx Xxxxxx Xxxxx, Suite 3400 • Xxxxxxx, XX 00000 312.423.8200 • 000.000.0000 • Fax 000.000.0000 • xxx.xxx.xxx First Seacoast Bancorp, MHC First Seacoast Bancorp First Seacoast Bank August 22, 2022 best meets the distribution objectives of the Company and the Conversion. In the event of a Syndicated Community Offering, KBW will be paid a transaction fee not to exceed 6% of the aggregate purchase price of the shares of Common Stock sold in the Syndicated Community Offering. The Success Fee described in 4(b) will be credited against the transaction fee. From this fee, KBW will pass onto selected broker-dealers (if any), who assist in the Syndicated Community Offering, an amount competitive with gross underwriting discounts charged at such time for comparable amounts of stock sold at a comparable price per share in a similar market environment. Fees with respect to purchases affected with the assistance of a broker/dealer other than KBW shall be transmitted by KBW to such broker/dealer.. Xxxxx, Xxxxxxxx & Xxxxx • 0 Xxxxx Xxxxxx Xxxxx, Suite 3400 • Chicago, IL 60606 312.423.8200 • 000.000.0000 • Fax 000.000.0000 • xxx.xxx.xxx Gouverneur Bancorp, MHC Gouverneur Bancorp, Inc. Gouverneur Savings & Loan Association August 18, 2022

Appears in 1 contract

Samples: Letter Agreement (Gouverneur Bancorp, Inc./Md/)

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