Subscription Offering. Non-transferable Subscription Rights to purchase shares of Conversion Stock will be issued at no cost to Eligible Account Holders, Supplemental Eligible Account Holders and Voting Depositors of NSB pursuant to priorities established herein and by applicable regulations. All shares must be sold, and, to the extent that Conversion Stock is available, no subscriber will be allowed to purchase fewer than 25 shares of Conversion Stock, provided that this number shall be decreased if the aggregate purchase price exceeds $500. The priorities established by applicable regulations for the purchase of shares are as follows:
Subscription Offering. Priority 1: Eligible Account Holders. Each Eligible Account Holder shall receive, without payment, Subscription Rights to purchase up to the greater of (i) $500,000 of Conversion Stock (or such maximum purchase limitation as may be established for the Community Offering and/or Syndicated Community Offering), (ii) one-tenth of 1% of the total offering of shares in the Subscription Offering or (iii) 15 times the product (rounded down to the next whole number) obtained by multiplying the total number of shares of Conversion Stock offered in the Subscription Offering by a fraction, of which the numerator is the amount of the Qualifying Deposits of the Eligible Account Holder and the denominator is the total amount of all Qualifying Deposits of all Eligible Account Holders, in each case subject to Sections 6 and 9 hereof. In the event of an oversubscription for shares of Conversion Stock by Eligible Account Holders, available shares shall be allocated among subscribing Eligible Account Holders so as to permit each such Eligible Account Holder, to the extent possible, to purchase a number of shares which will make his or her total allocation equal to the lesser of the number of shares subscribed for or 100 shares. Any available shares remaining after each subscribing Eligible Account Holder has been allocated the lesser of the number of shares subscribed for or 100 shares shall be allocated among the subscribing Eligible Account Holders in the proportion which the Qualifying Deposit of each such subscribing Eligible Account Holder bears to the total Qualifying Deposits of all such subscribing Eligible Account Holders whose orders are unfilled, provided that no fractional shares shall be issued. Subscription Rights of Eligible Account Holders who are also Directors or Officers and their Associates shall be subordinated to those of other Eligible Account Holders to the extent that they are attributable to increased deposits during the one-year period preceding the Eligibility Record Date.
Subscription Offering. The Subscription Offering shall have been consummated by the Company
Subscription Offering the offering of shares of HoldCo Common Stock to Eligible Members and others as described in Section VII(C) of the Plan of Conversion.
Subscription Offering. (a) From and after the date of this Agreement, the Company shall or shall cause the B-D Sub to use all reasonable efforts to promptly prepare and file on an appropriate form a registration statement with the Securities and Exchange Commission registering the B-D Sub Common Stock to be issued and sold in the Subscription Offering and use all reasonable efforts to have such registration statement declared effective. Following the effectiveness of such registration statement, the Company or the B-D Sub, as the case may be, shall commence the Subscription Offering at such time as will permit the Subscription Offering to be consummated shortly prior to the Effective Time.
Subscription Offering. CNS shall cooperate with ENB in --------------------- providing information and public documents respecting CNS reasonably requested by ENB for inclusion in ENB's offering circular in connection with its subscription offering, which information and documents shall not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading.
Subscription Offering. The term Subscription Offering means the offering --------------------- of Conversion Stock for purchase through Order Forms to Participants. Subscription Price - The term Subscription Price means the amount per share ------------------ of Conversion Stock to be paid initially by Participants in the Subscription Offering and persons in the Community Offering.
Subscription Offering. The offering of Holding Company Conversion Stock for subscription by Persons holding subscription rights pursuant to the Plan.
Subscription Offering. 7.1. In the event that the Client selects and purchases a Subscription Offering during the Registration Process, or anytime thereafter, as the case may be, the Client shall purchase unlimited access to the Platform for the duration of the Subscription Term for purposes of Placing an unlimited number of Candidates to the Client.
Subscription Offering. The offering of shares of Oconee Conversion Stock for subscription and purchase pursuant to Section V.B of the Plan.
