Equinix and Telecity Sample Clauses

Equinix and Telecity agree that both parties shall work together using reasonable endeavours to identify whether there is an appropriate mechanism under which participants in the UK Sharesave Scheme can receive only cash consideration (and not the combination of cash and New Equinix Shares that is offered to other Telecity Shareholders under the Transaction). If Equinix and Telecity agree that there is such a mechanism, the parties shall work together to implement such a mechanism so that the cash sum that each UK Sharesave Scheme participant would be entitled to receive for each Telecity Share received upon exercise of their options would be equal to the cash consideration payable under the Transaction per Telecity Share plus the number of Equinix Shares payable under the Transaction per Telecity Share multiplied by the closing price of an Equinix Share (as expressed in pounds sterling and as converted using the exchange rate prevailing on the relevant date) on the Effective Date.
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