Common use of Redemption and Termination Clause in Contracts

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 20 contracts

Samples: Rights Agreement (Sonosite Inc), Rights Agreement (Lightbridge Inc), Rights Agreement (Cost U Less Inc)

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Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Capital Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 4 contracts

Samples: Rights Agreement (Safety Fund Corp), Rights Agreement (Bailey Corp), Exhibit 1 Rights Agreement (Safety Fund Corp)

Redemption and Termination. (a) The Board of Directors --------------------------- of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 3 contracts

Samples: Rights Agreement (Arch Chemicals Inc), Rights Agreement (Primex Technologies Inc), Rights Agreement (Primex Technologies Inc)

Redemption and Termination. (a) The Board of Directors --------------------------- of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares Stock or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 3 contracts

Samples: Exhibit 6 (Crown Castle International Corp), Rights Agreement (Crown Castle International Corp), Rights Agreement (Crown Castle International Corp)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, by action of a Requisite Majority, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and Person, or (ii) the Final Expiration Date, order the redemption of all, redeem all but not fewer than all, all the then outstanding Rights at the Redemption Price (the date of such redemption being redemption, the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Class A Common Shares Stock or other securities of the Company Company, deemed by the Board of Directors of the CompanyDirectors, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 2 contracts

Samples: Rights Agreement (Affiliated Computer Services Inc), Rights Agreement (Precept Business Services Inc)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 2 contracts

Samples: Rights Agreement (Caci International Inc /De/), Rights Agreement (Regis Corp)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the CompanyDirectors, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price. The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.

Appears in 2 contracts

Samples: Rights Agreement (Bioveris Corp), Rights Agreement (Bioveris Corp)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, by action of the Board of Directors, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and Person, or (ii) the Final Expiration Date, order the redemption of all, redeem all but not fewer than all, all the then outstanding Rights at the Redemption Price (the date of such redemption being redemption, the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Class A Common Shares Stock or other securities of the Company Company, deemed by the Board of Directors of the CompanyDirectors, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 2 contracts

Samples: Rights Agreement (Affiliated Computer Services Inc), Rights Agreement (Affiliated Computer Services Inc)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such the time as a Person becomes has become an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Unit Corp)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Capital Shares or other securities of the -30- 33 Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Telco Systems Inc /De/)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the CompanyCompany may, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Owens & Minor Inc/Va/)

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Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such the time as a Person becomes has become an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Unit Corp)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the CompanyCompany may, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Monday LTD)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Spacelabs Medical Inc)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, by action of a Requisite Majority, at any time prior to the Close of Business on the earlier of (i) such time as the tenth Business Day following a Person becomes an Acquiring Person and Stock Acquisition Date, or (ii) the Final Expiration Date, order the redemption of all, redeem all but not fewer than all, all the then outstanding Rights at the Redemption Price (the date of such redemption being redemption, the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares Stock or other securities of the Company Company, deemed by the Board of Directors of the CompanyDirectors, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Peerless Manufacturing Co)

Redemption and Termination. (a) The Board --------------------------- of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Primex Technologies Inc)

Redemption and Termination. (a) The Board of Directors of the Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, of the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Officemax Inc /Oh/)

Redemption and Termination. (a) The Board of Directors of the -------------------------- Company may, at its option, at any time prior to the earlier of (i) such time as a Person becomes an Acquiring Person and (ii) the Expiration Date, order the redemption of all, but not fewer than all, the then outstanding Rights at the Redemption Price (the date of such redemption being the "Redemption Date"), and the Company, at its option, may pay the Redemption Price either in cash or Common Shares or other securities of the Company deemed by the Board of Directors of the Company, in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Lightbridge Inc)

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