Common use of Rights Plans Clause in Contracts

Rights Plans. If the Company has a shareholder rights plan in effect with respect to the Common Stock, upon exercise of a Warrant the Holder shall be entitled to receive, in addition to any shares of Common Stock, the rights under such shareholder rights plan, unless, prior to such exercise, such rights have separated from the Common Stock, in which case the Exercise Price and the number of Warrant Shares shall be adjusted at the time of separation as if the Company had made a distribution as described in Section 3.3, subject to readjustment in the event of the expiration, termination or redemption of such rights.

Appears in 4 contracts

Samples: Warrant (Applied Minerals, Inc.), Applied Minerals, Inc., Applied Minerals, Inc.

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Rights Plans. If the Company has a shareholder rights plan in effect with respect to the Common Stock, upon exercise of a Warrant the Holder shall be entitled to receive, in addition to any shares of Common Stock, the rights under such shareholder rights plan, unless, prior to such exercise, such rights have separated from the Common Stock, in which case the Exercise Price and the number of Warrant Shares shall be adjusted at the time of separation as if the Company had made a distribution as described in Section 3.33.5, subject to readjustment in the event of the expiration, termination or redemption of such rights.

Appears in 1 contract

Samples: Investment Agreement (Applied Minerals, Inc.)

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