Common use of Flip-over Clause in Contracts

Flip-over. If, after an Acquiring Person obtains 15% or more of the Company’s Common Stock, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 10 contracts

Samples: Rights Agreement (Altigen Communications Inc), Preferred Stock Rights Agreement (Pinnacle Systems Inc), Preferred Stock Rights Agreement (Tibco Software Inc)

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Flip-over. If, after an Acquiring Person obtains 15% or more of the Company’s Common Stock, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company Company, or (c) the Company sells more than 50% of the Company’s assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 3 contracts

Samples: Preferred Stock Rights Agreement (Genesis Microchip Inc /De), Preferred Stock Rights Agreement (Genesis Microchip Inc /De), Preferred Stock Rights Agreement (Genesis Microchip Inc /De)

Flip-over. If, after an Acquiring Person obtains 15% or more of the Company’s Common StockStock (or with respect to Xxxxx, Xxxxx fails to comply with the Applicable Limitations), (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 2 contracts

Samples: Preferred Stock Rights Agreement (Natus Medical Inc), Preferred Stock Rights Agreement (Natus Medical Inc)

Flip-over. If, after an Acquiring Person obtains 15% or more of the Company’s Common StockStock (or with respect to Eastborne, 20% or more), (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 2 contracts

Samples: Preferred Stock Rights Agreement (Pain Therapeutics Inc), Preferred Stock Rights Agreement (Pain Therapeutics Inc)

Flip-over. If, after an Acquiring Person obtains 1520% or more of the Company’s Common Stock, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 2 contracts

Samples: Preferred Share Rights Agreement (Phoenix Technologies LTD), Preferred Share Rights Agreement (Phoenix Technologies LTD)

Flip-over. If, after an Acquiring Person obtains 15% or more of the Company’s 's Common StockStock (or, 20% or more of the Company's Common Stock in the case of Crosslink and its affiliates, and Special Situations Technology Funds and their affiliates), (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s 's assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person Person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Intraware Inc)

Flip-over. If, after an Acquiring Person obtains 15% or more of the Company’s 's Common Stock, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s 's assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Commerce One Inc / De/)

Flip-over. If, after an Acquiring Person obtains 1520% or more of the Company’s Common Stockcommon stock, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Natus Medical Inc)

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Flip-over. If, after an Acquiring Person obtains 15% or more (or, in the case of Crosslink and certain other Persons affiliated with Crosslink, 20% or more) of the Company’s 's Common Stock, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s 's assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person Person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Intraware Inc)

Flip-over. If, after an Acquiring Person obtains 15% or more of the Company’s Common Stocka Threshold Amount, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s 's assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person Person engaging in the transaction having a then current market value of twice the Exercise Price.the

Appears in 1 contract

Samples: Rights Agreement (Gartner Group Inc)

Flip-over. If, after an Acquiring Person obtains 15% or more of the Company’s Common Stocka Threshold Amount, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s 's assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Mips Technologies Inc)

Flip-over. If, after an Acquiring Person obtains 15% or more of the Company’s Common StockShares, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock Shares of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 1 contract

Samples: Preferred Share Rights Agreement (Cost Plus Inc/Ca/)

Flip-over. If, after a person becomes an Acquiring Person obtains 15% or more of the Company’s Common StockPerson, (a) the Company merges into another entity, (b) an acquiring entity merges into the Company or (c) the Company sells more than 50% of the Company’s assets or earning power, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then current market value of twice the Exercise Price.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (PMC Sierra Inc)

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