Common use of Designation, Par Value and Amount Clause in Contracts

Designation, Par Value and Amount. The shares of such series shall be designated as "Series A Junior Participating Preferred Stock" (the "Series A Preferred Stock") and the number of shares constituting the Series A Preferred Stock shall be 10,000,000; such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon conversion of any outstanding securities issued by the Corporation convertible into Series A Preferred Stock.

Appears in 4 contracts

Samples: Rights Agreement (Old Republic International Corp), Rights Agreement (Old Republic International Corp), Rights Agreement (Old Republic International Corp)

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Designation, Par Value and Amount. The shares of such series There shall be a series of preferred stock of the Corporation designated as the "Series A Junior Participating Preferred Stock," without par value (the "Series A Preferred Stock") ), ------------------------ and the number of shares constituting the Series A Preferred Stock such series shall be 10,000,000; such 300,000. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series A Preferred Stock Stock, to a number less than that of the number of shares then outstanding plus the number of shares reserved for issuance issuable upon the exercise of outstanding optionsrights, rights options or warrants or upon conversion of any outstanding securities issued by the Corporation convertible into Series A Preferred StockCorporation.

Appears in 1 contract

Samples: Rights Agreement (Tandy Corp /De/)

Designation, Par Value and Amount. The shares of such series shall be designated as "Series A Junior Participating Preferred Stock" (the "Series A Preferred Stock") ), the shares of Series A Preferred Stock shall have a par value of $0.01 per share and the number of shares constituting the Series A Preferred Stock shall be 10,000,000; such 100,000. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation Company convertible into Series A Preferred Stock.

Appears in 1 contract

Samples: Rights Agreement (Wackenhut Corrections Corp)

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Designation, Par Value and Amount. The shares of such series shall be designated as "Series A Junior Participating Preferred Stock" (the "hereinafter referred to as “Series A Preferred Stock") ”), the shares of such series shall be with par value of $0.01 per share, and the number of shares constituting such series shall be 100,000. Such number of shares of the Series A Preferred Stock shall be 10,000,000; such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance issuable upon the exercise or conversion of outstanding optionsrights, rights options or warrants or upon conversion of any outstanding other securities issued by the Corporation convertible into Series A Preferred StockCorporation.

Appears in 1 contract

Samples: Rights Agreement (Quicksilver Resources Inc)

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