Bank Conversion definition

Bank Conversion means the conversion of WFB into a national banking association under the name “Western Financial Bank, National Association” (or other permissible name).
Sample 1Sample 2
Bank Conversion means conversion of the Bank to the New Bank.
Sample 1Sample 2
Bank Conversion shall refer to the conversion of Brunswick Interim from a state chartered stock savings and loan association organized under the laws of the State of Georgia to a state chartered bank organized under the laws of the State of Georgia as contemplated by Section 2.1(b) of this Agreement and as reflected in the Amended Brunswick Articles.
Sample 1

Examples of Bank Conversion in a sentence

  • These transactions are referred to herein collectively as the "Reorganization." Those persons who, as of the date of the Bank Conversion (the "Effective Date"), hold depository rights with respect to the Bank will thereafter have such rights solely with respect to the Stock Bank.

  • Failure to pursue or receive regulatory approval for the Bank Conversion shall have no effect on the vote with respect to the Stock Conversion.

  • In the event the Bank Conversion is not pursued, any references to the Bank Conversion in this Plan shall be disregarded.

  • Stock Bank's basis in the assets of Bank will be the same as the basis of such assets in the hands of Bank immediately prior to the Bank Conversion.

  • The Bank Conversion will constitute a reorganization within the meaning of Section 368(a)(1)(F) of the Code (see Rev.

  • The Bank Conversion shall be consummated as soon as practicable following the consummation of the Stock Conversion as described in Paragraph VII.A. herein.

  • The effective date of the certificate of incorporation and bylaws of the Commercial Bank shall be the date of the consummation of the Bank Conversion.

  • Stock Bank has no present plan or intention to issue additional shares of its stock following the Bank Conversion.

  • Such restrictions and limitations shall not apply following consummation of the Bank Conversion, unless the OTS approval of the Bank Conversion otherwise requires.

  • The Bank Conversion is a mere change in identity and form and therefore qualifies as a reorganization within the meaning of Section 368(a)(1)(F) of the Code.

Related to Bank Conversion

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Date of Conversion Conversion Price:_______________________________________________________________ Shares To Be Delivered:_________________________________________________________ Signature:______________________________________________________________________ Print Name:_____________________________________________________________________ Address:________________________________________________________________________

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Optional Conversion has the meaning set forth in Section 6(a).

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • Notice of Conversion/Continuation means a notice in substantially the form of Exhibit B.

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Plan of Conversion has the meaning given such term in Section 14.1.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Forced Conversion Notice has the meaning set forth in Section 4.05(c) hereof.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Certificate of Conversion means the Certificate of Conversion of the Partnership filed with Secretary of State of Delaware as referenced in Section 2.1 as such Certificate of Conversion may be amended, supplemented or restated from time to time.

  • Conversion/Continuation Notice is defined in Section 2.9.

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Notice of Continuation/Conversion has the meaning specified in Section 2.2(b).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).