Common use of Redemption Clause in Contracts

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b) hereof and shall not be redeemed in any other manner.

Appears in 99 contracts

Samples: Rights Agreement (Autobytel Inc), Rights Agreement (Cerus Corp), Rights Agreement (Telik Inc)

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Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to subsection (b) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 48 contracts

Samples: Rights Agreement (Whiting Petroleum Corp), Rights Agreement (Alliant Energy Corp), Rights Agreement (Exabyte Corp /De/)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors of the Company pursuant to paragraph (b) of this Section 24, or may be redeemed and exchanged by action of the Board of Directors of the Company pursuant to Section 23(b) hereof and 25 herein, but shall not be redeemed in any other manner.

Appears in 22 contracts

Samples: Rights Agreement (Natco Group Inc), Rights Agreement (Garden Ridge Corp), Rights Agreement (Chase Industries Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to paragraph (b) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 18 contracts

Samples: Rights Agreement (Double Eagle Petroleum Co), Rights Agreement (State Street Corp), Rights Agreement (Chembio Diagnostics, Inc.)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b23 (b) hereof and shall not be redeemed in any other manner.

Appears in 10 contracts

Samples: Rights Agreement (Kensey Nash Corp), Rights Agreement (Dolan Media CO), Rights Agreement (Nanophase Technologies Corporation)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b) hereof and shall not be redeemed in any other manner.

Appears in 9 contracts

Samples: Rights Agreement (Molecular Insight Pharmaceuticals, Inc.), Rights Agreement (Badger Meter Inc), Rights Agreement (First Business Financial Services, Inc.)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors of the Company pursuant to Section 23(b) hereof and shall not be redeemed in any other manner. Notwithstanding anything contained or implied in this Agreement to the contrary, the Rights shall not be exercisable after the occurrence of an event described in Section 11(a)(ii) hereof until such time as the Company's rights of redemption hereunder have expired.

Appears in 7 contracts

Samples: Rights Agreement (Urocor Inc), Rights Agreement (Uti Energy Corp), Rights Agreement (Bindview Development Corp)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b) hereof and shall not be redeemed in any other manner.

Appears in 7 contracts

Samples: Rights Agreement (Senomyx Inc), Rights Agreement (Dot Hill Systems Corp), Rights Agreement (Looksmart LTD)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to subsection (b) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 6 contracts

Samples: Rights Agreement (Mgic Investment Corp), Rights Agreement (Mgic Investment Corp), Rights Agreement (Hudson Global, Inc.)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to paragraph (b) of this Section 23(b23 or by shareholder action pursuant to subparagraph (c) hereof of this Section 23 and shall not be redeemed in any other manner.

Appears in 5 contracts

Samples: Rights Agreement (Briggs & Stratton Corp), Rights Agreement (Briggs & Stratton Corp), Rights Agreement (Briggs & Stratton Corp)

Redemption. (a) The Rights may be redeemed only by action of a majority of the Board of Directors pursuant to paragraph (b) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 3 contracts

Samples: Rights Agreement (Celeris Corp), Renewed Rights Agreement (TCF Financial Corp), Rights Agreement (Polaris Industries Inc/Mn)

Redemption. (a) a. The Rights may be redeemed by action of the Board of Directors pursuant to subsection (b) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 2 contracts

Samples: Rights Agreement (Pentair Inc), Rights Agreement (Regal Beloit Corp)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors Directors, upon Board Approval, pursuant to Section 23(b) hereof of this Agreement and shall cannot and will not be redeemed in any other manner.

Appears in 2 contracts

Samples: Rights Agreement (Usf Corp), Rights Agreement (Arkansas Best Corp /De/)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to paragraph (b) or paragraph (c) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 2 contracts

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

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 2 contracts

Samples: Rights Agreement (Criimi Mae Inc), Rights Agreement (Criimi Mae Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to paragraph (b) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 2 contracts

Samples: Benefits Preservation Plan (Capitol Bancorp LTD), Rights Agreement (Immucell Corp /De/)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors Trustees pursuant to subsection (b) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 2 contracts

Samples: Rights Agreement (Northeast Utilities System), Rights Agreement (Northeast Utilities System)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to subparagraph (b) of this Section 23(b23 or by shareholder action pursuant to subparagraph (c) hereof of this Section 23 and shall not be redeemed in any other manner.

Appears in 2 contracts

Samples: Shareholder Rights Agreement (Ryans Restaurant Group Inc), Shareholder Rights Agreement (Ryans Restaurant Group Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to this Section 23(b) hereof and 23, but shall not be redeemed in any other manner.

Appears in 2 contracts

Samples: Rights Agreement (Perceptron Inc/Mi), Shareholders Rights Agreement (Global Ship Lease, Inc.)

Redemption. (a) The Rights may be redeemed only by action of the Board of Directors pursuant to paragraph (b) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 2 contracts

Samples: Rights Agreement (Jostens Inc), Rights Agreement (Damark International Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to subsection (b) of this Section 23(b23 or by shareholder action pursuant to subsection (c) hereof of this Section 23 and shall not be redeemed in any other manner.

Appears in 2 contracts

Samples: Rights Agreement (Bankers Trust New York Corp), Rights Agreement (Bankers Trust New York Corp)

Redemption. (a) The Rights may be redeemed by ---------- action of the Board of Directors pursuant to subsection (b) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Northwest Natural Gas Co)

Redemption. (a) The Rights may be redeemed by action of the Board Trustees pursuant to paragraph (b) of Directors this Section 23, or may be redeemed and exchanged by action of the Trustees pursuant to Section 23(b) hereof and 24 herein, but shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Angeles Mortgage Investment Trust)

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Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to paragraph (a) of this Section 23(b23 or by stockholder action pursuant to paragraph (b) hereof of this Section 23 and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Maic Holdings Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to paragraph (b) or (c) of this Section 23(b) hereof 23 and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Greater Bay Bancorp)

Redemption. (a) The Rights may be redeemed by action of the ---------- Board of Directors pursuant to paragraph (b) of this Section 24, or may be redeemed and exchanged by action of the Board of Directors pursuant to Section 23(b) hereof and 25 herein, but shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Metasolv Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b) hereof of this Agreement and shall cannot and will not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Quest Medical Inc)

Redemption. (a) The Rights may be redeemed by action of the Board pursuant to paragraph (b) of Directors this Section 24, or may be redeemed and exchanged by action of the Board pursuant to Section 23(b) hereof and 25 herein, but shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Newfield Exploration Co /De/)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors of the Company pursuant to Section 23(b) hereof and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Kosan Biosciences Inc)

Redemption. (aA) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b) hereof and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Healthetech Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(bSection23 (b) hereof and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Mysoftware Co)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to paragraph (b) or (d) of this Section 23(b) hereof and 23, but shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Seagull Energy Corp)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b) hereof of this Agreement and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Helix Biomedix Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b) hereof 23.1 or by Stockholder action pursuant to Section 23.2 and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Beverly Enterprises Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b) hereof and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Ladish Co Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to paragraph (b) of this Section 23(b) hereof 24 and shall not be redeemed in any other manner, except as provided in Section 32.

Appears in 1 contract

Samples: Rights Agreement (Paging Network Inc)

Redemption. (a) The Rights may be redeemed by action of the Board of Directors pursuant to paragraph (a) of this Section 23(b) hereof 23, and shall not be redeemed in any other manner, except as provided by Section 30.

Appears in 1 contract

Samples: Rights Agreement (Tutogen Medical Inc)

Redemption. (a) The Rights may be ---------- redeemed by action of the Board of Directors pursuant to paragraph (b) of this Section 23(b23 or by stockholder action pursuant to paragraph (c) hereof of this Section 23 and shall not be redeemed in any other manner.

Appears in 1 contract

Samples: Rights Agreement (Phillips Petroleum Co)

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