Cash Election Shares More Than Total Cash Amount. If the aggregate cash amount that would be paid upon the conversion of the Cash Election Shares pursuant to the First Merger is greater than the Total Cash Amount, then: (1) all Stock Election Shares and No Election Shares shall be converted into the right to receive the Per Share Stock Consideration, (2) the Exchange Agent shall then select from among the Cash Election Shares, by a pro rata selection process, a sufficient number of shares (“Stock Designated Shares”) such that the aggregate cash amount that will be paid pursuant to the First Merger equals as closely as practicable the Total Cash Amount, and all Stock Designated Shares shall be converted into the right to receive the Per Share Stock Consideration, and (3) the Cash Election Shares that are not Stock Designated Shares will be converted into the right to receive the Per Share Cash Consideration.
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Samples: Merger Agreement (General Geophysics Co), Merger Agreement (Veritas DGC Inc)
Cash Election Shares More Than Total Cash Amount. If the aggregate cash amount that would be paid upon the conversion of the Cash Election Shares pursuant to in the First Merger is greater than the Total Cash Amount, then:
(1) all Stock Election Shares and No Election Shares shall be converted into the right to receive the Per Share Stock Consideration,
(2) the Exchange Agent shall then select from among the Cash Election Shares, by a pro rata selection process, a sufficient number of shares (“"Stock Designated Shares”") such that the aggregate cash amount that will be paid pursuant to in the First Merger equals as closely as practicable the Total Cash Amount, and all Stock Designated Shares shall be converted into the right to receive the Per Share Stock Consideration, and
(3) the Cash Election Shares that are not Stock Designated Shares will be converted into the right to receive the Per Share Cash Consideration.
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Samples: Merger Agreement (Noble Energy Inc)
Cash Election Shares More Than Total Cash Amount. If the sum of the aggregate cash amount that would be paid upon the conversion in the Merger of the Cash Election Shares pursuant to (such sum hereinafter, the First Merger “Section 1.5(e) Cash Amount”) is greater than the Total Cash Amount, then:
(1A) all Stock Election Shares and No Election Shares shall be converted into the right to receive the Per Share Stock Consideration,
(2B) the Exchange Agent shall then select from among the Cash Election Shares, by a pro rata selection process, a sufficient number of shares (“Stock Designated Shares”) such that the aggregate cash amount that will be paid pursuant to in the First Merger equals as closely as practicable the Total Cash Amount, and all Stock Designated Shares shall be converted into the right to receive the Per Share Stock Consideration, and
(3C) the Cash Election Shares that are not Stock Designated Shares will be converted into the right to receive the Per Share Cash Consideration.
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Cash Election Shares More Than Total Cash Amount. If the aggregate cash amount that would be paid upon the conversion in the Merger of the Cash Election Shares pursuant to the First Merger is greater than the Total Cash Amount, then:
(1A) all Stock Election Shares and No Election Shares shall be converted into the right to receive the Per Share Stock Consideration,
(2B) the Exchange Agent shall then select from among the Cash Election Shares, by a pro rata selection process, a sufficient number of shares (“Stock Designated Shares”) such that the aggregate cash amount that will be paid pursuant to in the First Merger equals as closely as practicable the Total Cash Amount, and all Stock Designated Shares shall be converted into the right to receive the Per Share Stock Consideration, and
(3C) the Cash Election Shares that are not Stock Designated Shares will be converted into the right to receive the Per Share Cash Consideration.
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Cash Election Shares More Than Total Cash Amount. If the aggregate cash amount that would be paid upon the conversion in the Merger of the Cash Election Shares pursuant to the First Merger is greater than the Total Cash Amount, then:
(1) all All Stock Election Shares and No Election Shares shall be converted into the right to receive the Per Share Stock Consideration,
(2) the The Exchange Agent shall then select from among the Cash Election Shares, by a pro rata selection process, a sufficient number of shares (“"Stock Designated Shares”") such so that the aggregate cash amount that will be paid pursuant to in the First Merger equals as closely as practicable the Total Cash Amount, and all Stock Designated Shares shall be converted into the right to receive the Per Share Stock Consideration, and
(3) the The Cash Election Shares that are not Stock Designated Shares will be converted into the right to receive the Per Share Cash Consideration.
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Cash Election Shares More Than Total Cash Amount. If the aggregate cash amount that would be paid upon the conversion of the Cash Election Shares pursuant to in the First Merger is greater than the Total Cash Amount, then:
(1) all Stock Election Shares and No Election Shares shall be converted into the right to receive the Per Share Stock Consideration,
(2) the Exchange Agent shall then select from among the Cash Election Shares, by a pro rata selection process, a sufficient number of shares (“Stock Designated Shares”) such that the aggregate cash amount that will be paid pursuant to in the First Merger equals as closely as practicable the Total Cash Amount, and all Stock Designated Shares shall be converted into the right to receive the Per Share Stock Consideration, and
(3) the Cash Election Shares that are not Stock Designated Shares will be converted into the right to receive the Per Share Cash Consideration.
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Cash Election Shares More Than Total Cash Amount. If the aggregate cash amount that would be paid upon the conversion in the Merger of the Cash Election Shares pursuant to (such amount hereinafter, the First Merger “Section 1.5(e) Cash Amount”) is greater than the Total Cash Amount, then:
(1A) all Stock Election Shares and No Election Shares shall be converted into the right to receive the Per Share Stock Consideration,
(2B) the Exchange Agent shall then select from among the Cash Election Shares, by a pro rata selection process, a sufficient number of shares (“Stock Designated Shares”) such that the aggregate cash amount that will be paid pursuant to in the First Merger equals as closely as practicable the Total Cash Amount, and all Stock Designated Shares shall be converted into the right to receive the Per Share Stock Consideration, and
(3C) the Cash Election Shares that are not Stock Designated Shares will be converted into the right to receive the Per Share Cash Consideration.
Appears in 1 contract
Samples: Merger Agreement (Tower Bancorp Inc)