Flip-in Event. In the event that a person becomes an Acquiring Person, each holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, other securities, cash, or other assets of the Company) having a value equal to two times the Purchase Price. Notwithstanding any of the foregoing, following the occurrence of a person becoming an Acquiring Person, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or by certain related parties) will be null and void.
Appears in 5 contracts
Sources: Rights Agreement (Jet.AI Inc.), Rights Agreement (Monro, Inc.), Rights Agreement (Newpark Resources Inc)
Flip-in Event. In the event that a person becomes an Acquiring Person, each holder of a Right Right, other than Rights that are or, under certain circumstances, were beneficially owned by the Acquiring Person (which will thereupon become null and void), will thereafter have the right to receive, receive upon exercise, Common Stock (or, in certain circumstances, other securities, cash, or other assets exercise of a Right and payment of the Company) Purchase Price, a number of shares of our common stock having a market value equal to of two times the Purchase Price. Notwithstanding any of the foregoing, following the occurrence of a person becoming an Acquiring Person, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or by certain related parties) will be null and void.
Appears in 4 contracts
Sources: Tax Asset Protection Plan (Advanced Emissions Solutions, Inc.), Tax Asset Protection Plan (BioScrip, Inc.), Tax Asset Protection Plan (AOL Inc.)
Flip-in Event. In the event that a person becomes an Acquiring Person, each holder of a Right will thereafter have the right to receive, upon exercise, Common Stock Shares (or, in certain circumstances, other securities, cash, or other assets of the Company) having a value equal to two times the Purchase Price. Notwithstanding any of the foregoing, following the occurrence of a person becoming an Acquiring Person, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or by certain related parties) will be null and void.
Appears in 3 contracts
Sources: Rights Agreement (Catalyst Pharmaceutical Partners, Inc.), Rights Agreement (Medical Staffing Network Holdings Inc), Rights Agreement (Ibasis Inc)
Flip-in Event. In the event that a person becomes an Acquiring Person, each holder of a Right Right, other than Rights that are or, under certain circumstances, were beneficially owned by the Acquiring Person (which will thereupon become void), will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, other securities, cash, or other assets exercise of a Right and payment of the Company) Purchase Price, a number of shares of our common stock having a market value equal to of two times the Purchase Price. Notwithstanding any of the foregoing, following the occurrence of a person becoming an Acquiring Person, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or by certain related parties) will be null and void.
Appears in 1 contract