Common use of Company Not to Diminish Benefit of Rights Clause in Contracts

Company Not to Diminish Benefit of Rights. The Company covenants and agrees that, after the earlier of the Distribution Date or the Stock Acquisition Date, it will not, except as permitted by Sections 23, 24 or 27 hereof, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will diminish substantially or eliminate the benefits intended to be afforded by the Rights.

Appears in 4 contracts

Samples: Rights Agreement (Aep Industries Inc), Rights Agreement (Sunshine Heart, Inc.), Rights Agreement (Providence Service Corp)

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Company Not to Diminish Benefit of Rights. The Company covenants and agrees that, that after the earlier of the Distribution Shares Acquisition Date or the Stock Acquisition Date, Distribution Date it will not, except as permitted by Sections Section 23, 24 Section 26 or 27 hereofSection 27, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will diminish substantially or eliminate the benefits intended to be afforded by the Rights.time

Appears in 1 contract

Samples: Rights Agreement (Scpie Holdings Inc)

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