Conversion offering definition

Conversion offering means any offering of securities made as part of a plan by which a savings and loan association, insurance company, or other organization converts from a mutual to a stock form of ownership.

Conversion offering means the offering of stock after the date hereof in mutual savings banks or equivalent financial institutions upon de-mutualization of the same in which the Company or a Company Subsidiary has an account as at the date hereof.

Conversion offering means the offering, in connection with the Conversion, of shares of SR Bancorp Common Stock in a subscription offering and, if necessary, a community offering and/or a syndicated community offering.

Examples of Conversion offering in a sentence

• Museums are prohibited from acquiring or accepting as loan cultural property suspected to have acquired through any kind of illegal activity.

• The intended use of the attached advertisement "A" is to notify the Association's customers, stockholders and members of the local community that the Conversion offering is underway.

• As part of the Conversion, the Holding Company and the Bank intend to establish the New Foundation which will qualify as an exempt organization under Section 501(c)(3) of the Internal Revenue Code and to donate to the New Foundation from authorized but unissued shares of Common Stock of the Holding Company, an amount equal to $30 million worth of Common Stock, valued at the expected Conversion offering price of $10 per share.

• Of the approximately $25.9 million of Conversion offering proceeds that remained in interest-bearing deposits at December 31, 1995, $19.4 million was used to make the special return of capital distribution in May 1996.

• Claims against the Issuer and the Guarantor for payment in respect of the Notes, Receipts and Coupons (which for this purpose shall not include Talons) shall be prescribed and become void unless made within 10 years (in the case of principal) or five years (in the case of interest) from the appropriate Relevant Date in respect of them.

More Definitions of Conversion offering

Conversion offering. ’ means any

Conversion offering means the offering, in connection with the Conversion, of shares of Newco Common Stock in a subscription offering and, if necessary, a community offering and/or a syndicated community offering.

Conversion offering means the offering, in connection with the Conversion, of shares of Cape Bancorp Common Stock in a subscription offering and, if necessary, a community offering and/or a syndicated community offering.

Conversion offering means the offering for sale of up to 5,290,000 shares of the Bank's Common Stock upon its conversion from a Connecticut-chartered mutual to a Connecticut-chartered capital stock savings bank.

Conversion offering means any offering of securities made as part of a plan

Conversion offering means the offering, in connection with the Conversion, of shares of First Clover Leaf Financial Common Stock in a subscription offering and, if necessary, a community offering and/or a syndicated community offering.

Conversion offering means the offering, in connection with the Conversion, of shares of FNFG Common Stock in a subscription offering and, if necessary, a community offering and/or a syndicated community offering.