Common use of Exchange Provision Clause in Contracts

Exchange Provision. At any time after the date an Acquiring Person obtains 20% or more of the Company’s Common Stock and prior to the acquisition by the Acquiring Person of 50% of the outstanding Common Stock, a majority of the Company’s Board of Directors may exchange the Rights (other than Rights owned by the Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of one share of Common Stock per Right (subject to adjustment).

Exchange Provision. At any time after the date an Acquiring Person obtains 20% or more of the Company’s 's Common Stock (other than pursuant to a Permitted Offer) and prior to the acquisition by the Acquiring Person of 50% or more of the outstanding Common Stock, a majority of the Company’s Board of Directors of the Company may exchange the Rights (other than Rights owned by the Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of one share of Common Stock Share per Right (subject to adjustment).

Exchange Provision. At any time after the date an Acquiring Person obtains 2015% or more of the Company’s 's Common Stock and prior to the acquisition by the Acquiring Person of 50% of the outstanding Common Stock, a majority of the Company’s Board of Directors of the Company may exchange the Rights (other than Rights owned by the Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of one share of Common Stock per Right (subject to adjustment).

Exchange Provision. At any time after the date a Person becomes an Acquiring Person obtains 20(but before such Acquiring Person owns 50% or more of the Company’s Common Stock and prior to the acquisition by the Acquiring Person of 50% of the outstanding Common Stock), a majority of the Company’s Board of Directors may exchange the then outstanding and exercisable Rights (other than Rights those owned by the an Acquiring Person or any of its affiliatesAffiliates or Associates, or any transferee of any of the foregoing Persons), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of Stock, each Right being exchangeable for one share of Common Stock per Right (Stock, subject to adjustment).

Exchange Provision. At any time after the date an Acquiring Person ------------------ obtains 2015% or more of the Company’s 's Common Stock and prior to the acquisition by the Acquiring Person of 50% of the outstanding Common Stock, a majority of the Company’s Board of Directors of the Company may exchange the Rights (other than Rights owned by the Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of one share of Common Stock per Right (subject to adjustment).

Exchange Provision. At any time after the date on which an Acquiring Person obtains 20% fifteen percent (15%) or more of the Company’s Common Stock Shares and prior to the acquisition by the Acquiring Person of fifty percent (50% %) of the outstanding Common StockShares, a majority of the Company’s Board of Directors may exchange the Rights (other than Rights owned by the an Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock Shares of the Company at an exchange ratio of one share of (1) Common Stock Share per Right (subject to adjustment).

Exchange Provision. At any time after the date an Acquiring Person obtains 2015% or more of the Company’s 's Common Stock and prior to the acquisition by the Acquiring Person of 50% of the outstanding Common Stock, a majority of the Company’s Board of Directors and a majority of the Continuing Directors of the Company may exchange the Rights (other than Rights owned by the Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of one share of Common Stock per Right (subject to adjustment).

Exchange Provision. At any time after the date an Acquiring Person obtains 2015% or more of the Company’s Common Stock (other than pursuant to a Permitted Offer) and prior to the acquisition by the Acquiring Person of 50% or more of the outstanding Common Stock, a majority of the Company’s Board of Directors of the Company may exchange the Rights (other than Rights owned by the Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of one share of Common Stock Share per Right (subject to adjustment). Redemption of the Rights: Rights will be redeemable at the Company’s option for $0.01 per Right at any time.

Exchange Provision. At any time after the date an Acquiring Person obtains 20------------------ 15% or more of the Company’s 's Common Stock and prior to the acquisition by the Acquiring Person of 50% of the outstanding Common Stock, a majority of the Company’s 's Board of Directors may exchange the Rights (other than Rights owned by the Acquiring Person or its affiliates), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of one share of Common Stock per Right (subject to adjustment).

Exchange Provision. At any time after the date a person becomes an Acquiring Person obtains 20(but before such Acquiring Person owns 50% or more of the Company’s Common Stock and prior to the acquisition by the Acquiring Person of 50% of the outstanding Common Stock), a majority of the Company’s Board of Directors may exchange the then outstanding and exercisable Rights (other than Rights those owned by the an Acquiring Person or its affiliatesPerson), in whole or in part, for shares of Common Stock of the Company at an exchange ratio of Stock, each Right being exchangeable for one share of Common Stock per Right (Stock, subject to adjustment).