220 Exchange Ratio

Example Definitions of "220 Exchange Ratio"
220 Exchange Ratio. Means the rate at which shares of Holding Company Common Stock will be exchanged for shares of Mid-Tier Holding Common Stock held by the Public Shareholders in connection with the Bank Merger. The exact rate shall be determined by the Mutual Holding Company, the Mid-Tier Holding Company and the Bank in order to ensure that upon consummation of the Conversion and Reorganization, the Public Shareholders will own in the aggregate approximately the same percentage of the Holding Company Common... Stock to be outstanding upon completion of the Conversion and Reorganization as the percentage of Mid-Tier Holding Company Common Stock owned by them in the aggregate immediately prior to consummation of the Conversion and Reorganization, before giving effect to (a) cash paid in lieu of any fractional interests of Holding Company Common Stock and (b) any shares of Conversion Stock purchased by the Public Shareholders in the Offerings. 5 View More Arrow
Found in ROME BANCORP INC contract
220 Exchange Ratio. Means the rate at formula by which shares of Holding Company Common Stock will be exchanged for shares of Mid-Tier Holding Common Stock held by the Public Shareholders in connection with the Bank Mid-Tier Holding Company Merger. The exact rate ratio (which shall be rounded to four decimal places) shall be determined by the Mutual Holding Company, the Mid-Tier Holding Company and 4 the Bank in order to ensure that upon consummation of the Conversion and Reorganization, Reorganization the Public... Shareholders will own in the aggregate approximately the same percentage of the Holding Company Common Stock to be outstanding upon completion of the Conversion and Reorganization as the percentage of Mid-Tier Holding Company Common Stock owned by them in the aggregate immediately prior to consummation of the Conversion and Reorganization, before giving effect to (a) cash paid in lieu of any fractional interests of Holding Company Common Stock and and, (b) any shares of Conversion Stock purchased by the Public Shareholders in the Offerings. 5 View More Arrow
Found in Alliance Bancorp, Inc. of Pennsylvania contract
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