Common use of ADJUSTMENTS TO THE RIGHTS Clause in Contracts

ADJUSTMENTS TO THE RIGHTS. (a) Subject to Subsection 3.1(b) and Section 5.1, in the event that prior to the Termination Time a Flip-in Event shall occur, each Right shall constitute, effective at the close of business on the tenth Trading Day after the Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof in accordance with the terms hereof, that number of Common Shares having an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that after such consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 shall have occurred).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

AutoNDA by SimpleDocs

ADJUSTMENTS TO THE RIGHTS. (a) Subject to Subsection Subsections 3.1(b) and Section 5.1, in the event that prior to the Termination Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective at the close of business on the tenth Trading Day after the Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof in accordance with the terms hereof, that number of Common Shares having an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that after such consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 shall have occurred).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

ADJUSTMENTS TO THE RIGHTS. (a) Subject to Subsection Sections 3.1(b) and Section 5.1, in the event that prior to the Termination Expiration Time a Flip-in Event shall occuroccurs, each Right shall thereafter constitute, effective at the close of business on the tenth eighth Trading Day after the Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof in accordance with the terms hereof, that number of Common Shares having as have an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right Right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that that, after such date of consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 shall have occurredoccurred with respect to such Shares).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

ADJUSTMENTS TO THE RIGHTS. (a) Subject to Subsection 3.1(b) and Section 5.1, in the event that prior to the Termination Expiration Time a Flip-in Event shall occur, each Right shall constitute, effective at the close of business on the tenth eighth Trading Day after the Stock Unit Acquisition Date, the right to purchase from the CorporationInovalis, upon exercise thereof in accordance with the terms hereof, that number of Common Shares Units having an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 in the event that after such consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 shall have occurred).

Appears in 1 contract

Samples: Unitholder Rights Plan Agreement

AutoNDA by SimpleDocs

ADJUSTMENTS TO THE RIGHTS. (a) Subject to Subsection 3.1(b) 0 and Section 5.10, in the event that prior to the Termination Time a Flip-in Event shall occur, each Right shall constitute, effective at the close of business on the tenth Trading Day after the Stock Acquisition Date, the right to purchase from the Corporation, upon exercise thereof in accordance with the terms hereof, that number of Common Shares having an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately adjusted in a manner analogous to the applicable adjustment provided for in Section 2.3 0 in the event that after such consummation or occurrence, an event of a type analogous to any of the events described in Section 2.3 0 shall have occurred).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.