Shareholders' Election to Receive Cash Consideration Sample Clauses

Shareholders' Election to Receive Cash Consideration. (a) Each registered Existing Shareholder shall be entitled to elect, prior to the Election Deadline, to assign and transfer all or any portion of the Existing Shares held by such registered Existing Shareholder to Calfrac for cancellation in exchange for the Cash Consideration for each Common Share so assigned and transferred, pursuant to Section 5.3(b), and subject to pro ration as described in Section 2.5(b) (the "Cash Consideration Election"). The Cash Consideration Election shall only be considered valid if the registered Existing Shareholder exercising such election deposits with the Depositary a duly completed and executed Letter of Transmittal, with such election indicated therein, along with any such additional documents and instruments as the Depositary may reasonably require and set forth in the Letter of Transmittal, prior to the Election Deadline. Any Letter of Transmittal, once deposited with the Depositary, will be considered irrevocable and may not be withdrawn by an Existing Shareholder after such deposit.
Sample 1
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Related to Shareholders' Election to Receive Cash Consideration

  • Election of Cash/Compensatory Time Off Justice—

  • Payment of Consideration The Consideration shall be paid to the Contributor in the following manner:

  • OPTION CONSIDERATION As consideration for this Option to Purchase Agreement, the Buyer/ Tenant shall pay the Seller/Landlord a non-refundable fee of Dollars ($ ), receipt of which is hereby acknowledged by the Seller/Landlord. This amount shall be credited to the purchase price at closing if the Buyer/Tenant timely exercises the option to purchase, provided that the Buyer/Tenant: (a) is not in default of the Lease Agreement, and (b) closes the conveyance of the Property. The Seller/Landlord shall not refund the fee if the Buyer/Tenant defaults in the Lease Agreement, fails to close the conveyance, or otherwise does not exercise the option to purchase.

  • FINANCIAL CONSIDERATION A. The College/University and the Facility shall each bear their own costs associated with this Agreement and no payment is required by either the College/University or the Facility to the other party, except that, where applicable, the Facility shall pay the tuition and other educational fees of students it places in the clinical experience program.

  • THE SETTLEMENT CONSIDERATION 9. In consideration of the settlement of the Released Plaintiffs’ Claims against Defendants and the other Defendants’ Releasees, Defendants shall pay or cause to be paid the Settlement Amount into the Escrow Account no later than the later of (a) fifteen (15) business days after the date of entry by the Court of an order preliminarily approving this Settlement; and

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

  • Calculation of Liquidation Amount Upon the occurrence of a Liquidation Date:

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • RISK CONSIDERATION There are no significant risks associated with the recommendations contained within this report. This application may be considered under existing MPS policies. Community Council has the discretion to make decisions that are consistent with the MPS, and such decisions may be appealed to the N.S. Utility and Review Board. Information concerning risks and other implications of adopting the proposed development agreement are contained within the Discussion section of this report. ENVIRONMENTAL IMPLICATIONS No environmental implications are identified.

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