Common use of No Proration Clause in Contracts

No Proration. If the aggregate number of Series B and C Cash Election Shares is 20% or less than the number of PSP11 Series B and C Shares outstanding as of the record date for the meeting of shareholders of PSP11 referred to in Section 7.2.1, then each such Series B and C Cash Election Share shall be converted in the Merger into the right to receive $17.71 in cash.

No Proration. If the aggregate number of Series B and C A Cash Election Shares is 20% or less than the number of PSP11 Series B and C Shares outstanding as of the record date for the meeting of shareholders of PSP11 referred to in Section 7.2.1, then each such Series B and C A Cash Election Share shall be converted in the Merger into the right to receive $17.71 20.50 in cash.

No Proration. If the aggregate number of Series B and C Cash Election Shares owned by holders of PSP11 Shares is 20% or less than the number of PSP11 Series B and C Shares outstanding as of the record date for the meeting of shareholders of PSP11 referred to in Section 7.2.1, then each such Series B and C Cash Election Share shall be converted in the Merger into the right to receive $17.71 20.50 in cash.

No Proration. If the aggregate number of Cash Election Shares owned by holders of PSP11 Series B and C Cash Election Shares is 20% or less than the number of PSP11 Series B and C Shares outstanding as of the record date for the meeting of shareholders of PSP11 referred to in Section 7.2.1, then each such Series B and C Cash Election Share shall be converted in the Merger into the right to receive $17.71 in cash.