Examples of Extendicare Common Shares in a sentence
If you do not elect to exchange all of the Extendicare Common Shares to be received by you for your Shares for Exchangeable LP Units, the balance of the Extendicare Common Shares to be received by you for your Shares will be exchanged for REIT Units.
MAKE ONE OF THE FOLLOWING ELECTIONS (Note: This Part 2 only relates to whether you will receive REIT Units or Exchangeable LP Units in exchange for the Extendicare Common Shares that you will receive for your Shares.
The undersigned acknowledges that, upon the Arrangement becoming effective, all the right, title and interest of such holder in such Shares will be cancelled in consideration for ALC Shares and Extendicare Common Shares, which Extendicare Common Shares will be exchanged for REIT Units and/or Exchangeable LP Units (and related Ancillary Rights) in accordance with the election made above and the terms of the Arrangement.
A Shareholder who is an Excluded Shareholder regardless of whether or not it properly completes and signs this Letter of Transmittal and Election Form and delivers it before the Election Deadline will be deemed to have elected to receive REIT Units in respect of all of its Extendicare Common Shares and the issuance of any Exchangeable LP Units (and the Ancillary Rights associated therewith) to such a Person will be cancelled and be deemed to be void ab initio.
It does not affect your right to receive ALC Shares.) If you are an Excluded Shareholder, or if you fail to make an election below (or the election fails to comply with the other requirements of such election) prior to the Election Deadline, you will be deemed to have elected to receive only REIT Units in exchange for the Extendicare Common Shares that will be received by you for the Shares deposited hereunder and you will not be entitled to receive any Exchangeable LP Units.
If you receive a lesser number of Exchangeable LP Units by reason of the pro rating described above, the balance of such Extendicare Common Shares shall be exchanged for REIT Units pursuant to the Plan of Arrangement (subject to rounding).
The undersigned hereby elects to exchange all of the Extendicare Common Shares to be received by the undersigned in exchange for the Shares deposited hereunder for REIT Units upon completion of the Arrangement.
Each Electing Shareholder will be deemed to have elected to exchange that number of Extendicare Common Shares for Exchangeable LP Units that results in the Electing Shareholder receiving Exchangeable LP Units equal to the number of Exchangeable LP Units allocated to such Electing Shareholder and the balance of such Electing Shareholder’s Extendicare Common Shares shall be ultimately exchanged for REIT Units pursuant to the Plan of Arrangement.
Option 1 – Election to Receive Only REIT Units o Please check this box if you wish to exchange all of the Extendicare Common Shares that you will receive for your Shares for REIT Units.
Electing Shareholders will need to ensure that any tax election form submitted to Extendicare Holding Partnership properly describes the property being transferred to Extendicare Holding Partnership as the appropriate number of Extendicare Common Shares (not Extendicare Subordinate Voting Shares), otherwise the form will not be signed by Holding GP and the tax election will not be valid.