No Allocation. In the event that neither Section 2.4 nor Section 2.5 is applicable, all Cash Election Shares will be converted into the right to receive Cash Consideration, all Stock Election Shares will be converted into the right to receive Stock Consideration (and cash in lieu of fractional interests in accordance with Section 3.3) and Non-Election Shares will be converted into the right to receive Cash Consideration or Stock Consideration (and cash in lieu of fractional interests in accordance with Section 3.3) as the Exchange Agent shall determine.
No Allocation. In the event that neither Section 2.1(f) nor Section 2.1(g) is applicable, all SCANA Cash Election Shares will be converted into the right to receive SCANA Cash Consideration, all SCANA Stock Election Shares will be converted into the right to receive SCANA Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(d)) and SCANA Non-Election Shares will be converted into the right to receive SCANA Cash Consideration or SCANA Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(d)) as SCANA shall determine.
No Allocation. In the event that neither Section 2.1(e) nor Section 2.1(f) is applicable, all CES Cash Election Shares shall be converted into the right to receive the CES Cash Consideration, all CES Stock Election Shares shall be converted into the right to receive the CES Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(d)) and CES Non-Election Shares shall be converted into the right to receive the CES Cash Consideration or the CES Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(d)) as CES, with the prior consent of BEC, shall determine.
No Allocation. In the event that neither Section 2.2(e) nor Section 2.2(f) is applicable, all BEC Cash Election Shares shall be converted into the right to receive the BEC Cash Consideration, all BEC Stock Election Shares shall be converted into the right to receive the BEC Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(d)) and BEC Non-Election Shares shall be converted into the right to receive the BEC Cash Consideration or the BEC Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(d)) as BEC, with the prior consent of CES, shall determine.
No Allocation. 6 2.7 Computations................................................... 6 2.8
No Allocation. In the event that neither Section 4.2(e) nor ------------- -------------- Section 4.2(f) is applicable, all FPC Cash Election Shares will be exchanged for -------------- the right to receive FPC Cash Consideration, all FPC Stock Election Shares will be exchanged for the right to receive FPC Stock Consideration (and cash in lieu of fractional shares in accordance with Section 4.2(b)) and FPC Non-Election Shares will be exchanged for the right to ------------- receive FPC Cash Consideration or FPC Stock Consideration (and cash in lieu of fractional shares in accordance with Section 4.2(b)) on a proportionate basis so ------------- that the total number of FPC Shares exchanged for the right to receive shares of Holdco Common Stock and cash, respectively, approximate the FPC Stock Number and the FPC Cash Number, respectively, as closely as possible.
No Allocation. 9 (i) Proration of Nevada Power Deminimis Shares.................................... 10 (j) Computations.................................................................. 10 (k)
No Allocation. In the event that neither Section 2.1(f) nor Section 2.1(g) is applicable, all Sierra Pacific Cash Election Shares will be converted into the right to receive the Sierra Pacific Cash Consideration, all Sierra Pacific Stock Election Shares will be converted into the right to receive the Sierra Pacific Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(e)) and Sierra Pacific Non-Election Shares will be converted into the right to receive the Sierra Pacific Cash Consideration or the Sierra Pacific Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(e)) as Sierra Pacific, with the prior consent of Nevada Power, shall determine.
No Allocation. In the event that neither Section 2.2(f) nor Section 2.2(g) is applicable, all Nevada Power Cash Election Shares shall be converted into the right to receive the Nevada Power Cash Consideration, all Nevada Power Stock Election Shares shall be converted into the right to receive the Nevada Power Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(e)) and Nevada Power Non- Election Shares will be converted into the right to receive the Nevada Power Cash Consideration or the Nevada Power Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(e)) as Nevada Power, with the prior consent of Sierra Pacific, shall determine.
No Allocation. In the event that neither Section 2.1(f) nor Section 2.1(g) is applicable, all DRI Cash Election Shares will be converted into the right to receive DRI Cash Consideration, all DRI Stock Election Shares will be converted into the right to receive DRI Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(d)) and DRI Non-Election Shares will be converted into the right to receive DRI Cash Consideration or DRI Stock Consideration (and cash in lieu of fractional interests in accordance with Section 2.3(d)) as DRI shall determine. (i)
