Redemption of Rights definition

Redemption of Rights. At any time prior to any person or group becoming an Acquiring Person, the Board of Directors may redeem the Rights in whole, but not in part, at a price of $.01 per Right, subject to adjustment as provided in the Rights Agreement (the "Redemption Price").
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Redemption of Rights. At any time prior to that date which is ten days following the Stock Acquisition Date, the Board may redeem the outstanding Rights at a price of $.001 per Right, and may amend the Rights Agreement in any and all respects and particulars. If during said ten-day period the Acquiring Person reduces his beneficial ownership to less than 15%, the Rights will again be redeemable. Subsequent to ten days following the Stock Acquisition Date, the Rights are not redeemable and the Board may amend the Rights Agreement only to eliminate ambiguities or to provide additional benefits to the holders of the Rights (other than any Acquiring Person).
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Redemption of Rights. The company can redeem the rights at any time prior to a public announcement that a person has acquired ownership of 20% or more of the company's common stock. Expiration of Rights: The rights expire on the earliest of (1) May 12, 2018 or (2) the exchange or redemption of the rights as described above.
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Examples of Redemption of Rights in a sentence

  • Redemption of Rights: The company can redeem the rights at any time prior to a public announcement that a person has acquired ownership of 15% or more of the company’s common stock.

  • Redemption of Rights: The company can redeem the rights at any time prior to a public announcement that a person has acquired ownership of 15% or more of the company's common stock.

  • Redemption of Rights At any time prior to 5:00 P.M. New York City time on the tenth calendar day following the Shares Acquisition Date, the Company may redeem the Rights in whole, but not in part, at a price of $0.00001 per Right (the "Redemption Price").

  • Redemption of Rights: Rights are redeemable at a price of $0.001 per Right, by the vote of the Company's Board of Directors, at any time until the occurrence of a Flip-In Event (defined below).

  • Redemption of Rights: Rights are redeemable at a price of $.001 per Right, by the vote of the Company's Board of Directors, at any time until the occurrence of a Flip-In Event (defined below).

  • Redemption of Rights All (but not less than all) of the Rights may be redeemed by the Board with the prior approval of the Shareholders at any time before a Flip-In Event occurs at a redemption price of $0.0001 per Right (subject to adjustment).

  • Redemption of Rights: Rights are redeemable at a price of $0.001 per Right, by the vote of the Board, at any time until the occurrence of a Flip-In Event (defined below).

  • Redemption of Rights At any time prior to 5:00 P.M. New York City time on the tenth calendar day following the Shares Acquisition Date, the Company may redeem the Rights in whole, but not in part, at a price of $.001 per Right (the "Redemption Price").

  • Redemption of Rights: The company can redeem the rights at any time prior to the Distribution Date if a person has acquired ownership of 15% or more of the company's common stock.

  • Redemption of Rights will be redeemable at the Company's option for the Rights: $0.01 per Right at any time on or prior to the Distribution Date.


More Definitions of Redemption of Rights

Redemption of Rights. The company can redeem the rights at any time prior to a public announcement that a person has become a 15% Beneficial Owner.
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Redemption of Rights. The company can redeem the rights at any time prior to a public announcement that a person has acquired ownership of 15% or more of the company's common stock.
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Redemption of Rights. Rights are redeemable at a price of $0.01 per Right, by the vote of the Company's Board of Directors, at any time until the Close of Business on the tenth day following the date on which a person has become an Acquiring Person (the "STOCK ACQUISITION DATE"). After the Stock Acquisition Date, Rights are also redeemable prior to any business combination in which all holders of Common Stock are treated alike and not involving (except as a holder of Common Stock treated like all other holders) an Acquiring Person. Rights in Event If the Company is acquired by any person in a merger or of Business other business combination transaction or 50% or more Combination: of its assets or earnings powers are sold to any person after the Distribution Date, each holder of a Right shall thereafter have the right to purchase, upon payment of the then current Exercise Price, such number of shares of common stock of the acquiring company having a current market value equal to twice the Exercise Price. Rights in Event of In the event that an Acquiring Person engages in Self-Dealing certain self-dealing transactions with the Company, or Transaction or a person becomes the beneficial owner of 15% or more of Acquisition of the outstanding Common Stock, each holder of a Right Substantial Amount of thereafter has the right to purchase, upon payment of Common Stock (a "FLIP- the then current Exercise Price, such number of Units IN EVENT"): of Preferred Stock having a market value at the time of the transaction equal to twice the Exercise Price. If insufficient authorized but unissued shares of Preferred Stock are available for issuance, the Company must deliver all the available shares of Preferred Stock and an amount of cash or other property of the Company, so that the aggregate value received is equal to twice the Exercise Price. Rights held by the Acquiring Person will not be entitled to the benefit of such an adjustment. Self-dealing transactions are defined to include a merger of an Acquiring Person into the Company in which the Common Stock remains outstanding and unchanged, the issuance of securities of the Company to an Acquiring Person, the transfer of assets to an Acquiring Person on other than an arm's length basis, compensation to an Acquiring Person on a basis inconsistent with the Company's past practice, a loan or provision of other financial assistance (except proportionately as a stockholder) to an Acquiring Person or the licensing, sale or other transfer of propri...
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Redemption of Rights. At any time prior before the date which is twenty days after the Stock Acquisition Date, the Board may redeem the outstanding Rights at a price of $.001 per Right. If during the 20-day period the Acquiring Person reduces its beneficial ownership to less than 20%, the Rights will again be redeemable. Subsequent to 20 days following the Stock Acquisition Date, the Rights are not redeemable.
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Redemption of Rights. At any time prior to the earlier to occur of (i) the close of business on the tenth day following the Stock Acquisition Date and (ii) the close of business on the Final Expiration Date, the Board may redeem the outstanding Rights at a price of $0.0001 per Right.
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Related to Redemption of Rights

  • Redemption Rights means the redemption rights provided for in Section 9.2 of the SPAC Certificate of Incorporation.

  • Redemption Provisions Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Repayment Provisions: Optional Repayment Date(s):

  • Specific Redemption Provisions means, with respect to a Special Dividend Period either, or any combination of, (i) a period (a "Non-Call Period") determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during which the shares of AMPS subject to such Dividend Period shall not be subject to redemption at the option of the Corporation and (ii) a period (a "Premium Call Period"), consisting of a number of whole years and determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during each year of which the shares of AMPS subject to such Dividend Period shall be redeemable at the Corporation's option at a price per share equal to $25,000 plus accumulated but unpaid dividends plus a premium expressed as a percentage of $25,000, as determined by the Board of Directors of the Corporation after consultation with the Auction Agent and the Broker-Dealers.

  • Redemption Notices means, collectively, the Event of Default Redemption Notices and the Company Optional Redemption Notices, and each of the foregoing, individually, a “Redemption Notice.”

  • Redemption Agreement has the meaning set forth in the Recitals.

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Redemption Right has the meaning provided in Section 8.5(a) hereof.

  • Redemption Notice means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares, subject to any conditions contained therein.

  • Redemption Form means a standardized form prescribed by the Management Company to be duly filled by the investor to redeem Units and will be stated in this Offering Document.

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Redemption Event has the meaning set forth in Section 3.4.

  • Redemption Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Redemption means with respect to any Debt, the repurchase, redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto.

  • Optional Redemption Notice Date shall have the meaning set forth in Section 6(a).

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Redemption Notice Date means, with respect to a Redemption, the date on which the Company sends the Redemption Notice for such Redemption pursuant to Section 4.03(F).

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the Debenture.