Common use of Notice of Merger Consideration Clause in Contracts

Notice of Merger Consideration. Upon the occurrence of a Merger Event that causes the Shares to be converted into or exchanged for more than a single type of consideration (determined based in part upon the form of election of the holders of the Shares), Counterparty shall promptly notify the Calculation Agent in writing of the kind and amount of consideration actually received by holders of a majority of Shares that voted for such an election (if electing between two types of consideration) or holders of a plurality of Shares that voted for such an election (if electing between more than two types of consideration), as the case may be; provided that in no event shall the date of such notification be later than the date on which such Merger Event is consummated.