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This is what happened at my school ~ though I don't know how closely they follow the green book.
Formal rush was held in the fall before classes started. A sorority that didn't reach quota during formal rush (whether or not they were over total) could snap bid until they reached quota. Snap bids could be extended for about a week after bid day ~ so sororities could try to fill quota, "replace" people who had declined bids, etc. COB's could not be extended during this period.
After the end of this time period, quota was no longer relevant. A sorority that had reached total (even if they hadn't reached quota in the last formal rush) could not COB. A sorority that had not reached total (even if they had taken quota in the fall) could COB until they reached total.
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