Flip-in Event definition

Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;
Flip-in Event shall have the meaning set forth in Section 11(a)(ii) hereof.
Flip-in Event means any event described in clauses (A), (B) or (C) of Section 11(a)(ii).

Examples of Flip-in Event in a sentence

  • The New Nortel Board acting in good faith may, prior to the occurrence of the relevant Flip-in Event, waive the application of the New Nortel Rights Plan to a Flip-in Event that may occur by reason of a Take-over Bid made by means of a take-over bid circular to all holders of Voting Shares.

  • However, if the New Nortel Board waives the application of the New Nortel Rights Plan, the New Nortel Board shall be deemed to have waived the application of the New Nortel Rights Plan in respect of any other Flip-in Event occurring by reason of such a Take-over Bid made prior to the expiry of a bid for which a waiver is, or is deemed to have been, granted.

  • Where a take-over bid that is not a Permitted Bid is withdrawn or otherwise terminated after the Separation Time and prior to the occurrence of a Flip-in Event, the Board of Directors may elect to redeem all the outstanding Rights at the Redemption Price and reissue Rights, whereupon all the provisions of the Rights Plan shall continue to apply as if the Separation Time had not occurred and Rights certificates had not been mailed, and the Separation Time shall be deemed not to have occurred.

  • The New Nortel Board acting in good faith may, with prior shareholder approval, at any time prior to a Flip-in Event, elect to redeem all but not less than all of the then outstanding Rights at a redemption price of Cdn.


More Definitions of Flip-in Event

Flip-in Event means an event described in Section 11(a)(ii) hereof.
Flip-in Event means a transaction occurring subsequent to the date of this Agreement as a result of which any Person shall become an Acquiring Person provided, however, that a Flip-in Event, shall be deemed to occur at the close of business on the tenth day (or such later day as the Board of Directors of the Corporation may determine) after the Stock Acquisition Date.
Flip-in Event means any event described in Section 11(a)(ii)(A), 11(a)(ii)(B) or 11(a)(ii)(C) hereof.
Flip-in Event means any event described in Section 11(a)(ii) hereof.
Flip-in Event means a transaction or event that results in a Person becoming an Acquiring Person.
Flip-in Event means a transaction or event in which any Person becomes an Acquiring Person.
Flip-in Event means any event described in Section 11(a)(ii) (A) or (B) (Adjustment of Purchase Price; Number and Kind of Shares or Number of Rights -- Certain Adjustments).