Common use of Stock Purchase Rights Clause in Contracts

Stock Purchase Rights. In case the Company shall issue to all holders of its Common Stock rights, warrants or options (other than pursuant to any dividend reinvestment or share purchase plans) entitling them to subscribe for or purchase shares of Common Stock for a period expiring within 45 days from the date of issuance of such rights, warrants or options at a price per share of Common Stock less than the Current Market Price on the date fixed for the determination of shareholders of the Company entitled to receive such rights, warrants or options, each Fixed Settlement Rate in effect at the opening of business on the day following the date fixed for such determination shall be increased by multiplying each Fixed Settlement Rate by a fraction, (x) the numerator of which shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock so offered for subscription or purchase, either directly or indirectly, and (y) the denominator of which shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock which the aggregate of the offering price of the total number of shares of Common Stock so offered for subscription or purchase would purchase at the Current Market Price, each such increase to become effective immediately after the opening of business on the day following the date fixed for such determination.

Stock Purchase Rights. In case the Company Corporation shall issue (other than pursuant to a dividend reinvestment, share purchase or similar plan) rights, options or warrants to all holders of its Common Stock rights, warrants or options (other than pursuant not being available on an equivalent basis to any dividend reinvestment or share purchase plansHolders of the shares of 7.50% Preferred upon conversion) entitling them to subscribe for or purchase shares of Common Stock for a period expiring within 45 days from the date of issuance of such rights, warrants or options at a price per share of Common Stock less than the Current Market Price (as defined below) per share of Common Stock on the date fixed for the determination of shareholders of the Company stockholders entitled to receive such rights, warrants options or optionswarrants, each Fixed Settlement the Conversion Rate in effect at the opening of business on the day following the date fixed for such determination shall be increased by multiplying each Fixed Settlement dividing such Conversion Rate by a fraction, (x) the numerator of which shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock so offered for subscription or purchase, either directly or indirectly, and (y) the denominator of which shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock which the aggregate of the offering price of the total number of shares of Common Stock so offered for subscription or purchase would purchase at the such Current Market PricePrice and the denominator of which shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock so offered for subscription or purchase, each such increase to become effective immediately after the opening of business on the day following the date fixed for such determination.