Common use of Distribution of Separate Rights Certificates Clause in Contracts

Distribution of Separate Rights Certificates. As soon as practicable after the Distribution Date, the Rights Agent will send, by first-class, insured, postage prepaid mail, to each record holder of the Common Stock of the Company as of the close of business on the Distribution Date, at the address of such holder shown on the records of the Company, a separate Rights Certificate in substantially the form of Exhibit B attached hereto evidencing one Right for each share of the Common Stock of the Company so held, subject to adjustment as provided herein. In the event that an adjustment in the number of Rights per Common Share has been made pursuant to Section 11(p) hereof, at the time of distribution of the Rights Certificate, the Company shall make the necessary and appropriate rounding adjustments (in accordance with Section 14(a) hereof) so that Rights Certificates representing only whole numbers of Rights are distributed and cash is paid in lieu of any fractional Rights. As of and after the Distribution Date, the Rights will be evidenced solely by such Rights Certificates.

Appears in 3 contracts

Samples: Rights Agreement (DST Systems Inc), Rights Agreement (Kansas City Southern), Rights Agreement (DST Systems Inc)

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Distribution of Separate Rights Certificates. As soon as practicable after the Distribution Date, the Rights Agent will send, by first-class, insured, postage prepaid mail, to each record holder of the Common Stock Shares of the Company as of the close of business on the Distribution Date, at the address of such holder of Common Shares shown on the records of the Company, a separate Rights Certificate in substantially the form of Exhibit B attached hereto evidencing one Right for each share of the Common Stock Share of the Company so held, subject to adjustment as provided herein. In the event that an adjustment in the number of Rights per Common Share has been made pursuant to Section 11(p) hereof, at the time of distribution of the Rights Certificate, the Company shall make the necessary and appropriate rounding adjustments (in accordance with Section 14(a) hereof) so that Rights Certificates representing only whole numbers of Rights are distributed and cash is paid in lieu of any fractional Rights. As of and after the Distribution Date, the Rights will be evidenced solely by such Rights Certificates.

Appears in 2 contracts

Samples: Rights Agreement (Garmin LTD), Rights Agreement (Garmin LTD)

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Distribution of Separate Rights Certificates. As soon as practicable after the Distribution Date, the Rights Agent will send, by first-class, insured, postage prepaid mail, to each record holder of the Common Stock Shares of the Company as of the close of business on the Distribution Date, at the address of such holder of Common Shares shown on the records of the Company, a separate Rights Certificate in substantially the form of Exhibit B attached hereto evidencing one Right for each share of the Common Stock Share of the Company so held, subject to adjustment as provided herein. In the event that an adjustment in the number of Rights per Common Share has been made pursuant to Section 11(p) hereof, at the ------------- time of distribution of the Rights Certificate, the Company shall make the necessary and appropriate rounding adjustments (in accordance with Section 14(a) ------------- hereof) so that Rights Certificates representing only whole numbers of Rights are distributed and cash is paid in lieu of any fractional Rights. As of and after the Distribution Date, the Rights will be evidenced solely by such Rights Certificates.

Appears in 1 contract

Samples: Rights Agreement (Garmin LTD)

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