Interim B definition

Interim B. Pulaski Interim "B" Bank, A Federal Savings Bank," which will --------- be formed as a wholly owned interim federal stock savings bank subsidiary of the Holding Company, which will merge with and into the Savings Bank immediately after the merger of Interim A into the Savings Bank.
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Interim B means “People’s Federal Interim Savings Bank,” to be formed as a wholly owned stock form interim federal savings bank subsidiary of the Company; Interim B will merge with and into the Bank immediately after the merger of Interim A into the Bank.
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Interim B means Middlesboro Federal Interim Savings --------- Bank, which will be formed as a first-tier, wholly owned subsidiary of the Holding Company to facilitate the Bank Merger.
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Examples of Interim B in a sentence

  • By voting in favor of this Plan of Reorganization, the Holding Company, as the sole stockholder of Interim B, shall have agreed (i) to issue shares of Holding Company Common Stock in accordance with the terms hereof and (ii) to cancel all previously issued and outstanding shares of Holding Company Common Stock upon the effectiveness of the Reorganization.

  • The approval of the Holding Company, as the sole holder of the Interim B Common Stock, shall be required to approve the Plan of Conversion, of which this Plan of Reorganization is a part, on behalf of Interim B.

  • This Plan of Reorganization may be abandoned by either the Savings Bank or Interim B at any time before the Effective Date in the manner set forth in the Plan of Conversion.

  • The shares of common stock of Interim B held by the Holding Company will be converted, on a one-to-one basis, into shares of Savings Bank Common Stock, which will result in the Savings Bank becoming a wholly-owned subsidiary of the Holding Company.

  • In addition, an application to merge the MHC (following its conversion into an interim federal stock savings bank) and the Savings Bank and an application to merge Interim B and the Savings Bank shall both be filed with the OTS, either as exhibits to the H-(e)1 Application, or separately.

  • Subject to the terms and conditions set forth herein and the prior approval of the OTS of the Conversion and the Reorganization, as defined in the Plan of Conversion, and the expiration of all applicable waiting periods, Interim B shall merge with and into the Savings Bank, with the Savings Bank as the Surviving Corporation.

  • Such application also shall include applications to form Interim A and Interim B.

  • The Holding Company's shares of Interim B will be converted, on a one-to-one basis, into shares of INSTITUTION Common Stock, which will result in the INSTITUTION becoming a wholly-owned subsidiary of the Holding Company.

  • All real property at any time owned or leased (as lessee or sublessee) by any Loan Party or their respective Subsidiaries or Joint Ventures including, without limitation, the Mortgaged Properties and the Negative Pledge Properties.

  • The Holding Company will in turn form Interim B as a wholly owned subsidiary.


More Definitions of Interim B

Interim B means First Interim Bank of New Jersey, which will be formed as a wholly owned stock form interim savings association subsidiary of the Holding Company, which will merge with and into the INSTITUTION immediately after the merger of Interim A into the INSTITUTION. Institution - The term INSTITUTION means First Savings Bank of New Jersey, SLA, Bayonne, New Jersey. Institution Common Stock - The term Institution Common Stock means the common stock of the INSTITUTION, par value $.10 per share.
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Interim B. First Federal Interim "B" Bank, A Federal Savings Bank," --------- which will be formed as a wholly owned interim federal stock savings bank subsidiary of the Holding Company, which will merge with and into the Savings Bank immediately after the merger of Interim A into the Savings Bank.
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Related to Interim B

  • Interim Balance Sheet has the meaning set forth in Section 3.06.

  • Interim DIP Order means the order of the Bankruptcy Court, approving the Facility on an interim basis, substantially in the form of Exhibit J hereto.

  • Interim Financing means any new financial assistance, provided by an existing or a new creditor, that includes, as a minimum, financial assistance during the stay of individual enforcement actions, and that is reasonable and immediately necessary for the debtor's business to continue operating, or to preserve or enhance the value of that business;

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2006 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2006 interim statement of the insurance company.

  • Interim Balance Sheet Date has the meaning set forth in Section 3.06.