Cash in Lieu of Fractional Rights. The Company will not be required to issue fractions of Rights (except prior to the Distribution Date as provided in Section 11(n)) or to distribute Rights Certificates that evidence fractional Rights. In lieu of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price of a whole Right, calculated as of the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.
Appears in 32 contracts
Samples: Rights Agreement (Vanda Pharmaceuticals Inc.), Preferred Shares Rights Agreement (China Biologic Products Holdings, Inc.), Preferred Shares Rights Agreement (Riverbed Technology, Inc.)
Cash in Lieu of Fractional Rights. The Company will not be required to issue fractions of Rights (except prior to the Distribution Date as provided in Section 11(n11(m)) or to distribute Rights Certificates that evidence fractional Rights. In lieu of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price of a whole Right, calculated as of the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.
Appears in 6 contracts
Samples: Preferred Shares Rights Agreement, Tax Benefit Preservation Plan (Aviat Networks, Inc.), Tax Benefit Preservation Plan (Fluidigm Corp)
Cash in Lieu of Fractional Rights. The Company will shall not be required to issue fractions of Rights or to distribute Right Certificates which evidence fractional Rights (except prior to the Distribution Date as provided in accordance with Section 11(n11.15)) or to distribute Rights Certificates that evidence fractional Rights. In lieu of such fractional Rights, the Company will pay there shall be paid to the registered holders of the Rights Right Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price current market value of a whole Right, calculated as . For the purposes of the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.this Section
Appears in 2 contracts
Samples: Rights Agreement (Park Place Entertainment Corp), Rights Agreement (Softnet Systems Inc)
Cash in Lieu of Fractional Rights. The Company will shall not be required to issue fractions of Rights or to distribute Right Certificates which evidence fractional Rights (except prior to the Distribution Date as provided in accordance with Section 11(n11.15)) or to distribute Rights Certificates that evidence fractional Rights. In lieu of such fractional Rights, the Company will pay there shall be paid to the registered holders of the Rights Right Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price current market value of a whole Right. For the purposes of this Section 14.1, calculated as the current market value of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.have
Appears in 1 contract
Samples: Rights Agreement (Health Care Property Investors Inc)
Cash in Lieu of Fractional Rights. The Company will shall not be required to issue fractions of Rights or to distribute Right Certificates which represent fractional Rights (except prior to the Distribution Date as provided in accordance with Section 11(n11.15)) or to distribute Rights Certificates that evidence fractional Rights. In lieu of such fractional Rights, the Company will pay there shall be paid to the registered holders of the Rights Right Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price current market value of a whole Right, calculated as . For the purposes of the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.this Section
Appears in 1 contract
Cash in Lieu of Fractional Rights. The Company will shall not be required to issue fractions of Rights (Rights, except prior to the Distribution Date as provided in Section 11(n11(o)) , or to distribute Rights Certificates that which evidence fractional Rights. In If the Company elects not to issue such fractional Rights, the Company shall pay, in lieu of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable issuable, an amount in cash equal to the same fraction of the Current Per Share Fair Market Price Value of a whole Right, calculated as of the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable.
Appears in 1 contract
Samples: Benefits Preservation Rights Agreement (Impac Mortgage Holdings Inc)
Cash in Lieu of Fractional Rights. The Company will shall not be required to issue fractions of Rights (Rights, except prior to the Distribution Date as provided in Section 11(n11(o)) , or to distribute Rights Certificates that which evidence fractional Rights. In If the Company elects not to issue such fractional Rights, the Company shall pay, in lieu of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable issuable, an amount in cash equal to the same fraction of the Current Per Share Fair Market Price Value of a whole Right, calculated as of the Trading Day Xxxx immediately prior to the date on which such fractional Rights would have been otherwise issuable.
Appears in 1 contract
Samples: Benefits Preservation Rights Agreement (Impac Mortgage Holdings Inc)