Common use of Exercise of Rights for Shares of the Acquiring Company Clause in Contracts

Exercise of Rights for Shares of the Acquiring Company. In the event that, at any time following the Shares Acquisition Date, (i) the Company is acquired in a merger or other business combination transaction, or (ii) 50% or more of the Company’s assets or earning power is sold or transferred, each holder of a Right (except Rights which previously have been voided as set forth above) shall thereafter have the right to receive, upon exercise, Common Stock of the acquiring company having a value equal to two times the Purchase Price of the Right then in effect.

Appears in 7 contracts

Samples: Rights Agreement (National Fuel Gas Co), Rights Agreement (National Fuel Gas Co), Rights Agreement (National Fuel Gas Co)

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Exercise of Rights for Shares of the Acquiring Company. In the event that, at any time following the Shares Acquisition Date, (i) the Company is acquired in a merger or other business combination transaction, or (ii) 50% or more of the Company’s 's assets or earning power is sold or transferred, each holder of a Right (except Rights which previously have been voided as set forth above) shall thereafter have the right to receive, upon exercise, Common Stock common stock of the acquiring company having a value equal to two times the Purchase Exercise Price of the Right then in effectRight.

Appears in 2 contracts

Samples: Rights Agreement (Sun Communities Inc), Rights Agreement (New Century Energies Inc)

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Exercise of Rights for Shares of the Acquiring Company. In the event that, at any time following the Shares Acquisition Date, (i) the Company is acquired in a merger or other business combination transaction, or (ii) 50% or more of the Company’s assets or earning power is sold or transferred, each holder of a Right (except Rights which previously have been voided as set forth above) shall thereafter have the right to receive, upon exercise, Common Stock common stock of the acquiring company having a value equal to two times the Purchase Price of the Right then in effectRight.

Appears in 1 contract

Samples: Rights Agreement (Lydall Inc /De/)

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