Common use of Exercise of Rights; Purchase Price Clause in Contracts

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Subject to Section 7(e) hereof, the registered holder of any Rights ------ Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein including, without limitation, the restrictions on exercisability set forth in Section 9(c), Section 11(a)(iii) and Section 23(a) hereof) in whole or in part at any time after the Distribution Date upon surrender of the Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-hundredths of a share (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercisable, at or prior to the earlier of (i) the close of business on June 10, 1998 (the "Final Expiration Date"), or (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the earlier of (i) and (ii) being herein referred to as the "Expiration Date").

Appears in 2 contracts

Samples: Rights Agreement (Newport News Shipbuilding Inc), Rights Agreement (Tenneco Inc /De)

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Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Subject to Section 7(e) hereof, the registered holder of any ------ Rights ------ Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein including, without limitation, the restrictions on exercisability set forth in Section 9(c), Section 11(a)(iii) and Section 23(a) hereof) in whole or in part at any time after the Distribution Date upon surrender of the Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-hundredths of a share of Preferred Stock (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercisable, at or prior to the earlier earliest of (i) the close of business on June 10December 31, 1998 2007 (the "Final Expiration Date"), or (ii) the time at which the Rights are redeemed as provided in Section 23 hereof or (iii) the time at which such Rights are exchanged pursuant to Section 24 hereof (the earlier earliest of (i), (ii) and (iiiii) being herein referred to as the "Expiration Date").

Appears in 1 contract

Samples: Rights Agreement (Midas Group Inc)

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. ------ (a) Subject to Section 7(e) hereof, the registered holder of any Rights ------ Certificate may exercise the Rights evidenced thereby (except Except as otherwise provided herein including, without limitationherein, the restrictions Rights shall become exercisable at the close of business on exercisability set forth in Section 9(c)the Distribution Date, Section 11(a)(iii) and Section 23(a) hereof) may be exercised in whole or in part at any time after the Distribution Date upon surrender of the Rights CertificateRight Certificates, with the form of election to purchase and the certificate on the reverse side thereof duly executedexecuted (with such signature duly guaranteed), to the Rights Agent at the principal office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price Price, subject to adjustment as hereinafter provided, with respect to the total number of one one-hundredths shares of a share Common Stock (or other securities, cash or other assets, except as the case may beotherwise provided herein) as to which such surrendered Rights are then exercisablebeing exercised, at or prior to the close of business on the date (the "Expiration Date") which is the earlier of (i) the close of business on June 10January ___, 1998 2012 (the "Final Expiration Date"), or (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the earlier of (i) and (ii) being herein referred to as the "Expiration Date")hereof.

Appears in 1 contract

Samples: Rights Agreement (Dover Downs Gaming & Entertainment Inc)

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Subject to Section 7(e) hereof, the registered holder of any Rights ------ Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein including, without limitation, the restrictions on exercisability set forth in Section 9(c), Section 11(a)(iii) and Section 23(a) hereof) in whole or in part at any time after the Distribution Date upon surrender of the Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-hundredths onethousandths of a share (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercisable, at or prior to the earlier of (i) the close of business on June 10February 21, 1998 2007, (the "Final Expiration Date"), or (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the earlier of (i) and (ii) being herein referred to as the "Expiration Date").

Appears in 1 contract

Samples: Rights Agreement (Mine Safety Appliances Co)

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Subject to Section 7(e) hereof), the registered holder of any Rights ------ Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein including, without limitation, the restrictions on exercisability set forth in Section 9(c), Section 11(a)(iii) and Section 23(a) hereof)) in whole or in part at any time after the Distribution Date upon surrender of the Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-hundredths of a share of Preferred Stock (or Common Stock, other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercisable, at or prior to the earlier earliest of (i) the close Close of business Business on June 1015, 1998 2010 (the "Final Expiration Date"), or (ii) the time at which the Rights are redeemed as provided in Section 23 hereof or (iii) the time at which such Rights are exchanged pursuant to Section 24 (the earlier earliest of (i), (ii) and (iiiii) being herein referred to as the "Expiration Date").

Appears in 1 contract

Samples: Rights Agreement (Vesta Insurance Group Inc)

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Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Subject to Section 7(e) hereof, the registered holder of any ------ Rights ------ Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein including, without limitation, the restrictions on exercisability set forth in Section 9(c), Section 11(a)(iii) and Section 23(a) hereof) in whole or in part at any time after the Distribution Date upon surrender of the Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-hundredths thousandths of a share of Preferred Stock (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercisable, at or prior to the earlier earliest of (i) the close Close of business Business on June 1021, 1998 2009 (the "Final Expiration Date"), or (ii) the time at which the Rights are redeemed as provided in Section 23 hereof or (iii) the time at which such Rights are exchanged pursuant to Section 24 hereof (the earlier earliest of (i), (ii) and (iiiii) being herein referred to as the "Expiration Date"). Notwithstanding anything in this Agreement to the contrary, the Rights shall not be exercisable prior to the Distribution Date.

Appears in 1 contract

Samples: Rights Agreement (Imc Global Inc)

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. ------- (a) Subject to Section 7(e) hereof, the registered holder of any Rights ------ Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein including, without limitation, the restrictions on exercisability set forth in Section 9(c), Section 11(a)(iii) and Section 23(a) hereof) in whole or in part at any time after the Distribution Date upon surrender of the Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-hundredths (1/100ths) of a share (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercisable, at or prior to the earlier earliest of (i) the close of business on June 102, 1998 2007 (the "Final Expiration Date"), or (ii) the time at which the Rights are redeemed as provided in Section 23 hereof or (iii) the time at which such Rights are exchanged pursuant to Section 24 hereof (the earlier earliest of (i), (ii) and (iiiii) being herein referred to as the "Expiration Date").

Appears in 1 contract

Samples: Rights Agreement (Ametek Aerospace Products Inc)

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