Common use of Amendment of Rights Clause in Contracts

Amendment of Rights. Any of the provisions of the Tax Benefits Preservation Plan may be amended by the Board prior to the Distribution Date except that the Board may not extend the expiration of the Rights beyond 11:59 P.M. (New York City time) on May 16, 2023 unless such extension is approved by the stockholders of the Company prior to 11:59 P.M. (New York City time) on May 16, 2023. After the Distribution Date, the provisions of the Tax Benefits Preservation Plan may be amended by the Board in order to cure any ambiguity, to make changes that do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Tax Benefits Preservation Plan. The foregoing notwithstanding, no amendment may be made at such time as the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Tax Benefits Preservation Plan which may be defective or inconsistent with any other provision therein.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Drive Shack Inc.)

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Amendment of Rights. Any of the provisions of the Tax Benefits Preservation Plan may be amended by the Board prior to the Distribution Date except that the Board may not extend the expiration of the Rights beyond 11:59 5:00 P.M. (New York City time) on May 16September 5, 2023 2017 unless such extension is approved by the stockholders of the Company prior to 11:59 5:00 P.M. (New York City time) on May 16September 5, 20232017. After the Distribution Date, the provisions of the Tax Benefits Preservation Plan may be amended by the Board in order to cure any ambiguity, to make changes that do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Tax Benefits Preservation Plan. The foregoing notwithstanding, no amendment may be made at such time as the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Tax Benefits Preservation Plan which may be defective or inconsistent with any other provision therein.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (CF Industries Holdings, Inc.)

Amendment of Rights. Any of the provisions of the Tax Benefits Preservation Plan may be amended by the Board prior to the Distribution Date except that the Board may not extend the expiration of the Rights beyond 11:59 5:00 P.M. (New York City time) on May 16January 5, 2023 2018, unless such extension is approved by the stockholders of the Company prior to 11:59 5:00 P.M. (New York City time) on May 16January 5, 20232018. After the Distribution Date, the provisions of the Tax Benefits Preservation Plan may be amended by the Board in order to cure any ambiguity, to make changes that do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Tax Benefits Preservation Plan. The foregoing notwithstanding, no amendment may be made at such time as the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Tax Benefits Preservation Plan which may be defective or inconsistent with any other provision therein.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Forestar Group Inc.)

Amendment of Rights. Any of the provisions of the Tax Benefits Preservation Plan may be amended by the Board prior to the Distribution Date except that the Board may not extend the expiration of the Rights beyond 11:59 5:00 P.M. (New York City time) on May 16January 3, 2023 2019, unless such extension is approved by the stockholders of the Company prior to 11:59 5:00 P.M. (New York City time) on May 16January 3, 20232019. After the Distribution Date, the provisions of the Tax Benefits Preservation Plan may be amended by the Board in order to cure any ambiguity, to make changes that do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Tax Benefits Preservation Plan. The foregoing notwithstanding, no amendment may be made at such time as the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Tax Benefits Preservation Plan which may be defective or inconsistent with any other provision therein.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Rite Aid Corp)

Amendment of Rights. Any of the provisions of the Tax Benefits Preservation Plan may be amended by the Board prior to the Distribution Date except that the Board may not extend the expiration of the Rights beyond 11:59 5:00 P.M. (New York City time) on May 16December 6, 2023 2017 unless such extension is approved by the stockholders of the Company prior to 11:59 5:00 P.M. (New York City time) on May 16December 6, 20232017. After the Distribution Date, the provisions of the Tax Benefits Preservation Plan may be amended by the Board in order to cure any ambiguity, to make changes that do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Tax Benefits Preservation Plan. The foregoing notwithstanding, no amendment may be made at such time as the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Tax Benefits Preservation Plan which may be defective or inconsistent with any other provision therein.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Newcastle Investment Corp)

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Amendment of Rights. Any of the provisions of the Tax Benefits Preservation Plan may be amended by the Board prior to the Distribution Date except that the Board may not extend the expiration of the Rights beyond 11:59 P.M. (New York City time) on May 16December 4, 2023 2019 unless such extension is approved by the stockholders of the Company prior to 11:59 P.M. (New York City time) on May 16December 4, 20232019. After the Distribution Date, the provisions of the Tax Benefits Preservation Plan may be amended by the Board in order to cure any ambiguity, to make changes that do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Tax Benefits Preservation Plan. The foregoing notwithstanding, no amendment may be made at such time as the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Tax Benefits Preservation Plan which may be defective or inconsistent with any other provision therein.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Drive Shack Inc.)

Amendment of Rights. Any of the provisions of the Tax Benefits Preservation Plan may be amended by the Board prior to the Distribution Date except that the Board may not extend the expiration of the Rights beyond 11:59 P.M. (New York City time) on May 16March 5, 2023 2021 unless such extension is approved by the stockholders of the Company prior to 11:59 P.M. (New York City time) on May 16March 5, 20232021. After the Distribution Date, the provisions of the Tax Benefits Preservation Plan may be amended by the Board in order to cure any ambiguity, to make changes that do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Tax Benefits Preservation Plan. The foregoing notwithstanding, no amendment may be made at such time as the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Tax Benefits Preservation Plan which may be defective or inconsistent with any other provision therein.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Drive Shack Inc.)

Amendment of Rights. Any of the provisions of the Tax Benefits Preservation Plan may be amended by the Board prior to the Distribution Date except that the Board may not extend the expiration of the Rights beyond 11:59 P.M. (New York City time) on May 16December 5, 2023 2018 unless such extension is approved by the stockholders of the Company prior to 11:59 P.M. (New York City time) on May 16December 5, 20232018. After the Distribution Date, the provisions of the Tax Benefits Preservation Plan may be amended by the Board in order to cure any ambiguity, to make changes that do not adversely affect the interests of holders of Rights, or to shorten or lengthen any time period under the Tax Benefits Preservation Plan. The foregoing notwithstanding, no amendment may be made at such time as the Rights are not redeemable, except to cure any ambiguity or correct or supplement any provision contained in the Tax Benefits Preservation Plan which may be defective or inconsistent with any other provision therein.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Drive Shack Inc.)

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