Cash Election. At the Effective Time, subject to Section 2.7.1 hereof, each PSP11 Share as to which a cash election has been made in accordance with the provisions of Section 2.6 hereof and has not been revoked, relinquished or lost pursuant to Section 2.6 hereof (a "Series A Cash Election Share") shall be converted into and shall represent the right to receive $20.50
Appears in 2 contracts
Samples: Agreement of Merger (Public Storage Properties Xi Inc), Agreement of Merger (Public Storage Properties Xi Inc)
Cash Election. At the Effective Time, subject to Section 2.7.1 hereof, each PSP11 Share as to which a cash election has been made in accordance with the provisions of Section 2.6 hereof and has not been revoked, relinquished or lost pursuant to Section 2.6 hereof (a the "Series A Cash Election ShareShares") shall be converted into and shall represent the right to receive $20.5020.50 in cash. As soon as practicable after the Effective Time, the registered holders of Cash Election Shares shall be paid the cash to which they are entitled hereunder in respect of such Cash Election Shares.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Public Storage Properties Xi Inc)
Cash Election. At the Effective Time, subject to Section 2.7.1 Sections 2.6 and 6.8 hereof, each PSP11 PSP20 Share as to which a cash election has been made in accordance with the provisions of Section 2.6 2.5 hereof and has not been revoked, relinquished or lost pursuant to Section 2.6 2.5 hereof (a the "Series A Cash Election ShareShares") shall be converted into and shall represent the right to receive $20.5022.57 in cash (the "Cash Election Price"). As soon as practicable after the Effective Time, the registered holders of Cash Election Shares shall be paid the cash to which they are entitled hereunder in respect of such Cash Election Shares.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Public Storage Properties Xx Inc)
Cash Election. At the Effective Time, subject to Section 2.7.1 2.7.2 hereof, each PSP11 Series B and C Share as to which a cash election has been made in accordance with the provisions of Section 2.6 hereof and has not been revoked, relinquished or lost pursuant to Section 2.6 hereof (a the "Series A Cash Election ShareShares") shall be converted into and shall represent the right to receive $20.5017.71 in cash. As soon as practicable after the Effective Time, the registered holders of Cash Election Shares shall be paid the cash to which they are entitled hereunder in respect of such Cash Election Shares.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Public Storage Properties Xi Inc)
