Common use of Exchange Provisions Clause in Contracts

Exchange Provisions. At any time after any person or group becomes an Acquiring Person, but before a person or group becomes the beneficial owner of more than 50% of the Common Shares, the Board of Directors may elect to exchange each Right (other than Rights that have become null and void and nontransferable as described above) for consideration per Right consisting of one-half of the number of Common Shares that would be issuable at such time on the exercise of one Right and without payment of the Purchase Price.

Exchange Provisions. At any time after any person or group becomes an Acquiring Person, but Person and before the acquisition by a person or group becomes the beneficial owner of more than 50% or more of the outstanding Common SharesShares of the Company, the Board of Directors may elect to may, at its option, issue Common Shares in mandatory redemption of, and in exchange each Right for, all or part of the then outstanding and exercisable Rights (other than Rights that have owned by such person or group which would become null and void and nontransferable as described abovevoid) at an exchange ratio of one Common Share for consideration per Right consisting of one-half of the number of each two Common Shares that would be issuable at such time on the exercise of one for which each Right and without payment of the Purchase Priceis then exercisable, subject to adjustment.

Exchange Provisions. At any time after After any person or group becomes an Acquiring Person, Person but before a person the acquisition of N2H2 or group becomes the beneficial owner of more than 50% or more of the Common Sharesits assets or earning power, the Board board of Directors directors may elect to exchange each Right (other than Rights that have become null and void and nontransferable as described above) for consideration per Right consisting of one-half of the number of shares of Common Shares Stock that would be issuable at such time on upon the exercise of one Right and without payment of the Purchase Priceexercise price.

Exchange Provisions. At any time after any person or group becomes an Acquiring Person, but before a person or group becomes the beneficial owner of more than 50% of the Common Shares, the Board of Directors may elect to exchange each Right (other than Rights that have become null and void and nontransferable as described above) for consideration per Right consisting of one-half one­half of the number of Common Shares that would be issuable at such time on the exercise of one Right and without payment of the Purchase Price.