Common use of Excess Cash Election Shares Clause in Contracts

Excess Cash Election Shares. If the Stock Election Number is less than the Stock Conversion Number (the amount by which the Stock Conversion Number exceeds the Stock Election Number being referred to herein as the “Shortfall Number”), then all Stock Election Shares shall be converted into the right to receive the Stock Consideration and the Non-Election Shares and Cash Election Shares shall be treated in the following manner:

Appears in 4 contracts

Samples: Agreement and Plan of Merger (First Oak Brook Bancshares Inc), Agreement and Plan of Merger (MFB Corp), Agreement and Plan of Merger (Mb Financial Inc /Md)

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