Common use of Exchange of the Rights Clause in Contracts

Exchange of the Rights. At any time after a Flip-in Event, the Board of Directors of the Company may exchange the Rights (other than Rights owned by such Acquiring Person or any of its affiliates or associates which have become void), in whole or in part, for Common Stock at an exchange ratio of one share of Common Stock per Right.

Exchange of the Rights. At any time after a Flip-in Event, the Board of Directors of the Company may exchange the Rights (other than Rights owned by such Acquiring Person or Adverse Person or any of its affiliates or associates which have become void), in whole or in part, for Common Stock at an exchange ratio of one share of Common Stock per Right.

Exchange of the Rights. At any time after the occurrence of a Flip-in EventEvent and prior to the acquisition by a person or group of 50% or more of the shares of Common Stock then outstanding, the Board of Directors may, without payment of the Company may purchase price by the holder, exchange the Rights (other than Rights owned by such Acquiring Person or any of its affiliates or associates which have become void)Rights, in whole or in part, for Common Stock at an exchange ratio of one share of Common Stock, or one one-thousandth of a share of Preferred Stock (or of a share of a class or series of the Company’s preferred stock having equivalent rights, preferences and privileges), per RightRight (subject to adjustment).