Common use of Share Termination Delivery Unit Clause in Contracts

Share Termination Delivery Unit. In the case of a Termination Event or Event of Default, one Share or, in the case of Nationalization or Insolvency or a Merger Event, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Nationalization or Insolvency or such Merger Event. If such Merger Event involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash. Failure to Deliver: Inapplicable

Appears in 7 contracts

Samples: Encore Capital Group Inc, Encore Capital Group Inc, Sonic Automotive Inc

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Share Termination Delivery Unit. In the case of a Termination Event or Event of Default, one Share or, in the case of Nationalization Nationalization, Insolvency, Tender Offer or Insolvency or a Merger Event, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Nationalization Nationalization, Insolvency, Tender Offer or Insolvency or such Merger Event. If such Merger Event involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash. Failure to Deliver: Inapplicable

Appears in 6 contracts

Samples: Letter Agreement (Sba Communications Corp), Letter Agreement (Textron Inc), Letter Agreement (Textron Inc)

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