Examples of Combination Election in a sentence
If the Exchange Agent shall reasonably determine that any purported Stock Election, Cash Election or Combination Election was not properly made, such purported Stock Election, Cash Election or Combination Election shall be deemed to be of no force and effect and the shareholder making such purported Stock Election, Cash Election or Combination Election shall, for purposes hereof, be deemed to have not made an Election and the Shares covered thereby will be deemed Undesignated Shares.
Type of Election (See Instructions B, C and E) (Please check one box ONLY): o Cash Election o Stock Election o Combination Election IMPORTANT: If you make a cash election, stock election or a combination election, the form of merger consideration that you actually receive may be adjusted as a result of the redesignation procedures of the Merger Agreement and described in the Proxy Statement/ Prospectus.
If such holder shall effectively withdraw or lose (through failure to perfect or otherwise) his right to such payment after the Effective Time, each share of the Seller Common Stock of such holder shall be converted, on a share-by-share basis, into the right to receive the Merger Consideration in accordance with the applicable provisions of the Merger Agreement and these Articles of Merger as if such holder had made a Combination Election.
If any Dissenting Stockholder shall effectively withdraw or lose (through failure to perfect or otherwise) his right to such payment at or prior to the Effective Time, such holder’s shares of the Seller Common Stock shall be converted into a right to receive the Merger Consideration in accordance with the applicable provisions of the Merger Agreement and these Articles of Merger as if such holder had made a Combination Election.
If any Dissenting Stockholder shall effectively withdraw or lose (through failure to perfect or otherwise) his right to such payment at or prior to the Effective Time, such holder’s shares of the Seller Common Stock shall be automatically converted into a right to receive the Merger Consideration in accordance with the applicable provisions of this Agreement, without any interest thereon, as if such holder had made a Combination Election.
If such holder shall effectively withdraw or lose (through failure to perfect or otherwise) his right to such payment after the Effective Time, each share of the Seller Common Stock of such holder shall be automatically converted, on a share-by-share basis, into the right to receive the Merger Consideration, without any interest thereon, as if such holder had made a Combination Election.
The Glossary of Defined Terms in the Original Agreement is hereby amended by (i) deleting the reference to "Section 1.8(a)" next to the term "NASDAQ" and inserting in lieu thereof a reference to "Section 1.10(g)(ii) and (ii) deleting the following terms and related Section references: Average Price, Cash Top-Up, Cash Top-Up Election, Combination Election, Determination Date, Frontier Evaluation Period, Global Adjustment Election, Global Election Period, Specified Value and Termination Notice.
Shareholders of Professionals Group may choose either the Combination Election of $13.47 in cash and .897 of a share of ProAssurance stock, or the Cash Election of $27.47, for each share of Professionals Group stock they own.
Holders electing the Combination Election should identify the number of whole shares of Series A Preferred Stock for which they wish to receive Common Stock and the number of whole shares of Series A Preferred Stock for which they wish to receive Series 1 Preferred Stock.
By completing the box entitled "Type of Election" and the Letter of Transmittal in accordance with these instructions, a First National shareholder will be permitted to make a Stock Election, Cash Election or Combination Election (each, an "Election") with respect to the Shares held by such holder.