Common use of Over Provision Clause in Contracts

Over Provision. If, at any time after any person or group becomes an Acquiring Person, the Company is acquired in a merger or other business combination with another entity, or if 50% or more of its assets or assets accounting for 50% or more of its net income or revenues are transferred (in one or more transactions), each Right will entitle its holder to purchase, for the Purchase Price, that number of shares of common stock of the person or group engaging in the transaction having a then current market value of twice the Purchase Price.

Appears in 8 contracts

Samples: Rights Agreement, Rights Agreement (Itron Inc /Wa/), Rights Agreement (DMRC Corp)

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