Effectiveness of Conversion. The Partnership and the Transfer Agent will use their commercially reasonable efforts expeditiously and in good faith to put in place procedures or to cause the Transfer Agent to put in place procedures to ensure, that if a holder elects to exercise the conversion right in Section 11.2 and an exchange and conversion of the Converted Units pursuant to Section 11.3 is required to participate in the Exclusionary Offer, that any such exchange and conversion shall be conditional upon and shall only be effective if the Class A Common Stock tendered or deposited under such Offer are purchased by the Offeror.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Emergency Medical Services CORP), Limited Partnership Agreement (Emergency Medical Services CORP), Agreement of Limited Partnership (STAT Healthcare, Inc.)