Common use of Election and Proration Procedures Clause in Contracts

Election and Proration Procedures. (a) An election form in such form as Community shall reasonably specify and as shall be reasonably acceptable to Merchants (the “Election Form”) shall be mailed on a date to be mutually agreed by the Parties that is not more than forty-five (45) days nor less than thirty (30) days prior to the anticipated Closing Date or on such other date as the Parties shall mutually agree (the “Mailing Date”) to each holder of record of Merchants Common Stock as of the close of business on the fifth (5th) Business Day prior to the Mailing Date (the “Election Form Record Date”).

Election and Proration Procedures. (a) An election form in such form as Community shall reasonably specify and as shall be reasonably acceptable to Merchants (the “"Election Form”") shall be mailed on a date to be mutually agreed by the Parties that is not more than forty-five (45) days nor less than thirty (30) days prior to the anticipated Closing Date or on such other date as the Parties shall mutually agree (the “"Mailing Date”") to each holder of record of Merchants Common Stock as of the close of business on the fifth (5th) Business Day prior to the Mailing Date (the “"Election Form Record Date”").

Election and Proration Procedures. (a) An election form in such form as Community Parent shall reasonably specify and as shall be reasonably acceptable to Merchants the Company (the “Election Form”) shall be mailed on a date to be mutually agreed by Parent and the Parties Company that is not more than forty-five (45) days nor less than thirty (30) days prior to the anticipated Closing Date or on such other date as Parent and the Parties Company shall mutually agree (the “Mailing Date”) to each holder of record of Merchants Company Common Stock as of the close of business on the fifth (5th) Business Day business day prior to the Mailing Date (the “Election Form Record Date”).

Election and Proration Procedures. (a) An election form in such form as Community Buyer shall reasonably specify and as shall be reasonably acceptable to Merchants (the “Election Form”) shall be mailed on a date to be mutually agreed by the Parties Buyer and the Company that is not more than forty-five (45) days nor less than thirty (30) days prior to the anticipated Closing Date or on such other date as the Parties Buyer and the Company shall mutually agree (the “Mailing Date”) to each holder of record of Merchants Company Common Stock as of the close of business on the fifth (5th) Business Day prior to the Mailing Date (the “Election Form Record Date”).