Electing Participant definition
Examples of Electing Participant in a sentence
Each Electing Participant will be obligated to purchase their Pro Rata Portion of the Trust Shares and to pay their corresponding portion of the Call Purchase Price.
The Ownership Interest proposed to be transferred by each Majority Seller and Electing Participant shall be transferred free and clear of all liens, claims and encumbrances of any kind (other than those imposed by federal and state securities laws, this Agreement, the LLC Agreement or the Limited Partnership Agreement).
Within a reasonable period before the first day of each Plan Year, each Eligible Participant shall be entitled to elect (i) to receive distribution of Designated Dividends payable hereunder in the form of cash (any such Participant referred to herein as an Electing Participant), or (ii) to reinvest the amount of such Dividends in the Qualifying Employer Securities Fund.
Any and all compensation, fees and other expenses of the Advisor shall be paid by the Electing Participants, pro rata, based on the number of shares to be sold by each Electing Participant in a Coordinated Block Trade.
Husky or the operator of such Well shall provide Notice to the Electing Participant for a cash call in an amount equal to the sum of each Electing Participant’s WI and any Additional WI to be received by the Electing Participant (collectively, “Elected WI”), multiplied by the amount of the AFE on an 8/8th’s basis (“Cash Call”).
Each such Remaining Holder who so elects (an "Electing Participant") shall have the right to transfer in the contemplated transaction, at the same price and on the same terms, all or any portion of its Ownership Interest, except as limited in the following sentence.
Designated Dividends shall be (i) directly distributed to each Electing Participant as soon as practicable after each dividend payment date, or (ii) distributed from the Plan at least as frequently as annually, not later than 90 days after the close of the Plan Year in which each dividend payment date occurs, in the discretion of the Plan Administrator.
In the event that a Cutback results in the actual inclusion of less than all of the Equity Securities designated for inclusion in a Coordinated Block Trade by the Electing Participants, then the number of Equity Securities that will be included in such block trade shall be shared pro rata among the Electing Participants based on the relative number of Eligible Securities held by each such Electing Participant.
An Assessing Board shall assess an Electing Participant in accordance with the AAP, in accordance with its law and policies, and at the appropriate assessment rate; and shall levy and collect assessments for each Worker, on its own behalf and on behalf of all Registering Boards.