Examples of Consideration Election Notice in a sentence
If Jackalope delivers a Change of Control Redemption Notice (as defined in the Niobrara LLC Agreement) to Crestwood Midstream in accordance with the Niobrara LLC Agreement, Crestwood Midstream shall, within five (5) business days following receipt of such Change of Control Redemption Notice, deliver a Consideration Election Notice (as defined in the Niobrara LLC Agreement) to Jackalope electing to redeem the then-outstanding Series A Preferred Units for cash.
If Pacific Drilling elects Stock Consideration, the Consideration Election Notice shall also specify whether Pacific Drilling elects to receive the Gross Stock Consideration or the Net Stock Consideration.
On the Consideration Election Date, Pacific Drilling will deliver written notice (the “Consideration Election Notice”) to TOIVL and Transocean specifying the form of Consideration Pacific Drilling has elected to receive pursuant to Section 2.2. Pacific Drilling will be bound by the Consideration Election Notice, which shall be irrevocable upon receipt thereof by TOIVL and Transocean.
Each Contributor shall promptly, after the Closing, dissolve and liquidate, distributing in its dissolution and liquidation such cash and OP Units, if any, to its members with each Contributor remitting the amount of cash to those of its members who are Cash Recipients, all as set forth on the Closing Consideration Election Notice to be provided to Operating Partnership prior to the Closing.
Pacific Drilling shall elect in its Consideration Election Notice to be paid upon the Put Closing, in its sole discretion, either (i) in U.S. dollars by wire transfer of immediately available funds to an account designated in writing by Pacific Drilling not less than two (2) Business Days prior to the Put Closing (the “Cash Consideration”), or (ii) subject to Section 2.8(b), in Transocean Ordinary Shares (the “Stock Consideration”).
If Pacific Drilling fails to deliver such Consideration Election Notice on the Consideration Election Date, TOIVL shall within one (1) Business Day of such failure elect the form of Consideration by written notice to Pacific Drilling, which shall be deemed to constitute the Consideration Election Notice.