Common use of Adjustments in Rights After There Is an Acquiring Person; Exchange of Rights for Shares; Business Combinations Clause in Contracts

Adjustments in Rights After There Is an Acquiring Person; Exchange of Rights for Shares; Business Combinations. (a) Upon a Person becoming an Acquiring Person, proper provision shall be made so that each holder of a Right, except as provided in Section 7(e), shall thereafter have a right to receive, upon exercise thereof for the Purchase Price in accordance with the terms of this Rights Agreement, such number of shares of Common Stock as shall equal the result obtained by multiplying the Purchase Price by a fraction, the numerator of which is the number of shares of Common Stock for which a Right is then exercisable and the denominator of which is 50% of the Market Value of the Common Stock on the date on which a Person becomes an Acquiring Person. As soon as practicable after a Person becomes an Acquiring Person (provided the Company shall not have elected to make the exchange permitted by Section 11(b)(I) for all outstanding Rights), the Company covenants and agrees to use its best efforts to:

Appears in 2 contracts

Samples: Rights Agreement (Bailey Corp), Rights Agreement (Bailey Corp)

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Adjustments in Rights After There Is an Acquiring Person; Exchange of Rights for Shares; Business Combinations. (a) Upon a Person becoming an Acquiring Person, proper provision shall be made so that each holder of a Right, except as provided in Section 7(e), shall thereafter have a right to receive, upon exercise thereof for the Purchase Price in accordance with the terms of this Rights Agreement, such number of shares thousandths (1/1,000s) of Common Stock a Preferred Share as shall equal the result obtained by multiplying the Purchase Price by a fraction, the numerator of which is the number of shares thousandths (1/1,000s) of Common Stock a Preferred Share for which a Right is then exercisable and the denominator of which is 50% of the Market Value of the Common Stock Shares on the date on which a Person becomes an Acquiring Person. As soon as practicable after a Person becomes an Acquiring Person (provided the Company shall not have elected to make the exchange permitted by Section 11(b)(I11(b)(i) for all outstanding Rights), the Company covenants and agrees to use its best efforts to:

Appears in 1 contract

Samples: Rights Agreement (Arch Chemicals Inc)

Adjustments in Rights After There Is an Acquiring Person; Exchange of Rights for Shares; Business Combinations. (a) Upon a Person becoming an Acquiring Person, proper provision shall be made so that each holder of a Right, except as provided in Section 7(e), shall thereafter have a right to receive, upon exercise thereof for the Purchase Price in accordance with the terms of this Rights Agreement, such number of shares of Common Stock Shares as shall equal the result obtained by multiplying the Purchase Price by a fraction, the numerator of which is the number of shares of Common Stock Shares for which a Right is then exercisable and the denominator of which is 50% of the Market Value market value of the Common Stock Shares on the date on which a Person becomes an Acquiring Person. As soon as practicable after a Person becomes an Acquiring Person (provided the Company shall not have elected to make the exchange permitted by Section 11(b)(I) for all outstanding Rights), the Company covenants and agrees to use its best efforts to:

Appears in 1 contract

Samples: Rights Agreement (RCM Technologies Inc)

Adjustments in Rights After There Is an Acquiring Person; Exchange of Rights for Shares; Business Combinations. (a) Upon a Person becoming an Acquiring Person, proper provision shall be made so that each holder of a Right, except as provided in Section 7(e), shall thereafter have a right to receive, upon exercise thereof for the Purchase Price in accordance with the terms of this Rights Agreement, such number of shares one one-thousandth (1/1,000) of Common Stock a Preferred Share as shall equal the result obtained by multiplying the Purchase Price by a fraction, the numerator of which is the number of shares one one-thousandth (1/1,000) of Common Stock a Preferred Share for which a Right is then exercisable and the denominator of which is 50% of the Market Value of the Common Stock Shares on the date on which a Person becomes an Acquiring Person. As soon as practicable after a Person becomes an Acquiring Person (provided the Company shall not have elected to make the exchange permitted by Section 11(b)(I) for all outstanding Rights), the Company covenants and agrees to use its best efforts to:

Appears in 1 contract

Samples: Rights Agreement (Regenerx Biopharmaceuticals Inc)

Adjustments in Rights After There Is an Acquiring Person; Exchange of Rights for Shares; Business Combinations. (a) Upon a Person becoming an Acquiring Person, proper provision shall be made so that each holder of a Right, except as provided in Section 7(e), shall thereafter have a right to receive, upon exercise thereof for the Purchase Price in accordance with the terms of this Rights Agreement, such number of shares one one- thousandths (1/1000s) of Common Stock a Preferred Share as shall equal the result obtained by multiplying the Purchase Price by a fraction, the numerator of which is the number of shares one one- thousandths (1/1000s) of Common Stock a Preferred Share for which a such Right is then exercisable and the denominator of which is 50% of the Market Value of the Common Stock Shares on the date on which a such Person becomes became an Acquiring Person. As soon as practicable after a Person becomes an Acquiring Person (provided the Company shall not have elected to make the exchange permitted by Section 11(b)(I11(b)(i) for all outstanding Rights), the Company covenants and agrees to use its best efforts to:

Appears in 1 contract

Samples: Rights Agreement (Newport News Shipbuilding Inc)

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Adjustments in Rights After There Is an Acquiring Person; Exchange of Rights for Shares; Business Combinations. (a) Upon a Person becoming an Acquiring Person, proper provision shall be made so that each holder of a Right, except as provided in Section 7(e), shall thereafter have a right to receive, upon exercise thereof for the Purchase Price in accordance with the terms of this Rights Agreement, such number of shares one one-thousandths (1/1,000s) of Common Stock a Preferred Share as shall equal the result obtained by multiplying the Purchase Price by a fraction, the numerator of which is the number of shares one one-thousandths (1/1,000s) of Common Stock a Preferred Share for which a such Right is then exercisable and the denominator of which is 50% of the Market Value of the Common Stock Shares on the date on which a such Person becomes became an Acquiring Person. As soon as practicable after a Person becomes an Acquiring Person (provided the Company shall not have elected to make the exchange permitted by Section 11(b)(I11(b)(i) for all outstanding Rights), the Company covenants and agrees to shall use its best efforts to:

Appears in 1 contract

Samples: Rights Agreement (Regis Corp)

Adjustments in Rights After There Is an Acquiring Person; Exchange of Rights for Shares; Business Combinations. (a) Upon a Person becoming an Acquiring Person, proper provision shall be made so that each holder of a Right, except as provided in Section 7(e), shall thereafter hereafter have a right to receive, upon exercise thereof for the Purchase Price in accordance with the terms of this Rights Agreement, such number of shares thousandths (1/1,000s) of Common Stock a Preferred Share as shall equal the result obtained by multiplying the Purchase Price by a fraction, the numerator of which is the number of shares thousandths (1/1,000s) of Common Stock a Preferred Share for which a Right is then exercisable and the denominator of which is 50% of the Market Value of the Common Stock Shares on the date on which a Person becomes an Acquiring Person. As soon as practicable after a Person becomes an Acquiring Person (provided the Company shall not have elected to make the exchange permitted by Section 11(b)(I11(b)(i) for all outstanding Rights), the Company covenants and agrees to use its best efforts to:

Appears in 1 contract

Samples: Rights Agreement (Owens & Minor Inc/Va/)

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