IRREVOCABILITY OF ELECTIONS. Marathon’s elections as set forth in an Ashland Put Price Election Notice shall be irrevocable upon Ashland’s receipt of such Ashland Put Price Election Notice; provided that at any time prior to the date that is ten Business Days prior to the Closing Date (or applicable Installment Payment Date) Marathon shall have the right to change a previous election to pay part of the Ashland Put Price (or applicable Installment Payment) in Securities to an election to pay a greater portion of or the entire Ashland Put Price (or applicable Installment Payment) in Cash, or to change a previous election to pay the Ashland Put Price in installments to an election to pay the entire or remaining Ashland Put Price on the Closing Date (or applicable Installment Payment Date).
Appears in 3 contracts
Samples: Standstill Agreement (Marathon Oil Corp), Standstill Agreement (Ashland Inc), Standstill Agreement (Marathon Oil Corp)
IRREVOCABILITY OF ELECTIONS. Marathon’s 's elections as set forth in an Ashland Put Price Election Notice shall be irrevocable upon Ashland’s 's receipt of such Ashland Put Price Election Notice; provided that at any time prior to the date that is ten Business Days prior to the Closing Date (or applicable Installment Payment Date) Marathon shall have the right to change a previous election to pay part of the Ashland Put Price (or applicable Installment Payment) in Securities to an election to pay a greater portion of or the entire Ashland Put Price (or applicable Installment Payment) in Cash, or to change a previous election to pay the Ashland Put Price in installments to an election to pay the entire or remaining Ashland Put Price on the Closing Date (or applicable Installment Payment Date).
Appears in 2 contracts
Samples: Ashland Inc, Ashland Inc
IRREVOCABILITY OF ELECTIONS. Marathon’s 's elections as set forth --------------------------- in an Ashland Put Price Election Notice shall be irrevocable upon Ashland’s 's receipt of such Ashland Put Price Election Notice; provided that at any time -------- prior to the date that is ten Business Days prior to the Closing Date (or applicable Installment Payment Date) Marathon shall have the right to change a previous election to pay part of the Ashland Put Price (or applicable Installment Payment) in Securities to an election to pay a greater portion of or the entire Ashland Put Price (or applicable Installment Payment) in Cash, or to change a previous election to pay the Ashland Put Price in installments to an election to pay the entire or remaining Ashland Put Price on the Closing Date (or applicable Installment Payment Date).
Appears in 1 contract
Samples: Usx Corp