Common use of Distribution Date; Exercise of Rights; Beneficial Ownership Clause in Contracts

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth of a share of Series A Preferred Stock, par value $0.001 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 per one one-hundredth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 2 contracts

Samples: Tax Benefit Preservation Plan (Enterprise Diversified, Inc.), Tax Benefit Preservation Plan

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Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.001 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 300 per one one-hundredth thousandth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 2 contracts

Samples: Rights Agreement (Inmune Bio, Inc.), Rights Agreement (Inmune Bio, Inc.)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.001 0.01 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 per one one-hundredth of a Preferred Share 90.00 (such purchase price, as may be adjusted from time to timeadjusted, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 2 contracts

Samples: Rights Agreement (Tempur Sealy International, Inc.), Rights Agreement (Tempur Sealy International, Inc.)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A C Junior Participating Preferred Stock, par value $0.001 0.50 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 375.00 per one one-hundredth thousandth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Rights Agreement (Biospecifics Technologies Corp)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.001 0.0001 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 26.00 per one one-hundredth thousandth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Rights Agreement (Tabula Rasa HealthCare, Inc.)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A C Junior Participating Preferred Stock, par value $0.001 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 1.95 per one one-hundredth thousandth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Rights Agreement (Advaxis, Inc.)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.001 0.0001 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 per one one-hundredth of a Preferred Share 25.00 (such purchase price, as may be adjusted from time to timeadjusted, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Rights Agreement (Highpower International, Inc.)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A B Junior Participating Preferred Stock, par value $0.001 0.01 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 100.00 per one one-hundredth thousandth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Tax Benefit Preservation Plan (Fitlife Brands, Inc.)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.001 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 400.00 per one one-hundredth thousandth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Rights Agreement (Aptevo Therapeutics Inc.)

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Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth of a share of Series A A-3 Junior Participating Preferred Stock, par value $0.001 1.00 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 5.60 per one one-hundredth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Rights Agreement (RCM Technologies Inc)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.001 0.01 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 per one one-hundredth of a Preferred Share 1.00 (such purchase price, as may be adjusted from time to timeadjusted, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share. C-1 The “

Appears in 1 contract

Samples: Rights Agreement (hopTo Inc.)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.001 0.0001 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 12.50 per one one-hundredth thousandth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Rights Agreement (Adma Biologics, Inc.)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A D Junior Participating Class 2 Preferred Stock, par value $0.001 0.01 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 22.00 per one one-hundredth thousandth of a Preferred Share (such purchase price, as may be adjusted from time to time, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Rights Agreement (CSS Industries Inc)

Distribution Date; Exercise of Rights; Beneficial Ownership. The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate from the Common Shares and each Right will become exercisable to purchase from the Company one one-hundredth thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.001 0.0001 per share, of the Company (each whole share, a “Preferred Share”) at a purchase price of $10.00 per one one-hundredth of a Preferred Share 2.25 (such purchase price, as may be adjusted from time to timeadjusted, the “Purchase Price”). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.

Appears in 1 contract

Samples: Rights Agreement (Support.com, Inc.)

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