Examples of Cash Election Share in a sentence
Those reclassified shares, allocated on a pro rata basis among the holders of Cash Election Shares, will then be converted into the right to receive the Per Share Stock Consideration.-- Each remaining Cash Election Share will be converted into the right to receive the Per Share Cash Consideration.
At the Effective Time, each Cash Election Share shall cease to be outstanding and shall be converted into and exchanged for the right to receive the Per Share Cash Consideration.
Notwithstanding any other provision of this Agreement, in the event of a Reverse Merger, the conversion of the issued and outstanding NYMEX Holdings Common Securities shall occur as provided in Article I and Article II, except that CME Group shall have the option, in its sole discretion, to convert each Stock Election Share and each No Election Share into a Cash Election Share and to increase the amount of the Available Cash Consideration up to the amount of the Aggregate Merger Consideration.
As soon as practicable after the Effective Time of the Merger and the surrender to the Disbursing Agent, pursuant to these instructions, of the LabONECommon Stock Certificate(s) for Cash Election Shares registered to a particular record holder or holders, the Disbursing Agent will mail cash payments by check and, if applicable, Surviving Corporation Common Stock Certificate(s) to the holder or holders with respect to each Cash Election Share.
If the aggregate number of Series B and C Cash Election Shares is 20% or less than the number of PSP11 Series B and C Shares outstanding as of the record date for the meeting of shareholders of PSP11 referred to in Section 7.2.1, then each such Series B and C Cash Election Share shall be converted in the Merger into the right to receive $17.71 in cash.