Common use of Distribution of Exchange Consideration Clause in Contracts

Distribution of Exchange Consideration. Unless a Reorganization Event shall have occurred (in which event distribution of proceeds shall be governed by Section 8.3 below) or the Trustees in their sole discretion accept a cash payment in lieu of delivery of shares pursuant to any Contract (in which event the cash received in respect thereof shall be distributed pro rata to the Holders of Securities):

Appears in 1 contract

Samples: Trust Agreement (Second Automatic Common Exchange Security Trust)

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Distribution of Exchange Consideration. Unless a Reorganization Event shall have occurred (in which event distribution of proceeds shall be governed by Section 8.3 below) or one or more Sellers elect the Trustees in their sole discretion accept a cash payment in lieu of delivery of shares pursuant to any Contract Cash Settlement Alternative under the Contracts (in which event the cash received in respect thereof shall be distributed pro rata to the Holders of SecuritiesSecurities promptly after receipt thereof):

Appears in 1 contract

Samples: Trust Agreement (Fourth Automatic Common Exchange Security Trust)

Distribution of Exchange Consideration. Unless a Reorganization Event shall have occurred (in which event distribution of proceeds shall be governed by Section 8.3 below) or one or more Sellers elect the Trustees in Cash Settlement Alternative under their sole discretion accept a cash payment in lieu of delivery of shares pursuant to any Contract respective Contracts (in which event the cash received in respect thereof shall be distributed pro rata to the Holders of SecuritiesSecurities promptly after receipt thereof):

Appears in 1 contract

Samples: Trust Agreement (Estee Lauder Automatic Common Exchange Security Trust)

Distribution of Exchange Consideration. Unless a Reorganization Event shall have occurred (in which event distribution of proceeds shall be governed by Section 8.3 below) or one or more Sellers elect the Trustees in their sole discretion accept a cash payment in lieu of delivery of shares pursuant to any Contract Cash Settlement Alternative under the Contracts (in which event the cash received in respect thereof shall be distributed pro rata to the Holders of Securities):

Appears in 1 contract

Samples: Trust Agreement (Automatic Common Exchange Security Trust Ii)

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Distribution of Exchange Consideration. Unless a Reorganization Event shall have occurred (in which event distribution of proceeds shall be governed by Section 8.3 below) or the Trustees in their sole discretion accept a cash payment in lieu of delivery of shares pursuant to any seller elects the Cash Settlement Alternative under the Contract (in which event the cash received in respect thereof shall be distributed pro rata to the Holders of SecuritiesSecurities promptly after receipt thereof):

Appears in 1 contract

Samples: Trust Agreement (CVS Automatic Common Exchange Security Trust)

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