Common use of Aggregate Stock Consideration Undersubscribed Clause in Contracts

Aggregate Stock Consideration Undersubscribed. 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 the Cash Election Shares shall be treated in the following manner:

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Hopfed Bancorp Inc), Agreement and Plan of Merger (First Financial Corp /In/), Agreement and Plan of Merger (LaPorte Bancorp, Inc.)

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Aggregate Stock Consideration Undersubscribed. 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 AGREEMENT AND PLAN OF MERGER PAGE 6 “Shortfall Number”), then all Stock Election Shares shall be converted into the right to receive the Stock Consideration and the Non-Election Shares and the Cash Election Shares shall be treated in the following manner:

Appears in 1 contract

Samples: Bank Merger Agreement (Finward Bancorp)

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Aggregate Stock Consideration Undersubscribed. 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 the Cash Election Shares shall be treated in the following manner:

Appears in 1 contract

Samples: Employment Agreement (Merchants Bancshares Inc)

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