Common use of Election and Proration Procedures Clause in Contracts

Election and Proration Procedures. (a) An election form (an “Election Form”) shall be mailed to each holder of Seller Common Stock on or about two weeks prior to the mailing of the transmittal materials referred to in Section 3.3 below which shall be mailed to each holder of Seller Common Stock of record at the Effective Time. The Seller shall provide to the exchange agent selected by the Buyer (the “Exchange Agent”) all information reasonably necessary for it to perform its obligations as specified herein.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (American Community Bancshares Inc), Agreement and Plan of Merger (Yadkin Valley Financial Corp)

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Election and Proration Procedures. (a) An election form (an “Election Form”) shall be mailed to each holder of Seller Common Stock on or about two weeks prior to the mailing of ), together with the transmittal materials referred to in Section 3.3 below which 2.1 below, shall be mailed to each holder of Seller Common Stock of record at as of the Closing Date within six (6) Business Days after the Effective TimeTime (the “Mailing Date”). The Seller shall provide to the exchange agent selected by the Buyer (the “Exchange Agent”) Agent all information reasonably necessary for it to perform its obligations as specified herein.

Appears in 1 contract

Samples: Agreement and Plan of Combination and Reorganization (Newbridge Bancorp)

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Election and Proration Procedures. (a) An election form (an “Election Form”) shall be mailed to each holder of Seller Common Stock on or about two weeks prior to the mailing of with the transmittal materials referred to in Section 3.3 below which shall be mailed to each holder of Seller Common Stock of record at the Effective Time. The Seller shall provide to the exchange agent selected by the Buyer (the “Exchange Agent”) Agent all information reasonably necessary for it to perform its obligations as specified herein.

Appears in 1 contract

Samples: Agreement and Plan of Merger (First National Bancshares Inc /Sc/)

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