Exchange Provision. At any time after an event triggering the flip-in or flip-over rights and prior to the acquisition by the Acquiring Person of 50% or more of the outstanding Common Stock, the 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, at an exchange ratio of one Common Share per Right (subject to adjustment).
Appears in 2 contracts
Samples: Preferred Shares Rights Agreement (General Surgical Innovations Inc), Rights Agreement (Sierra Pacific Resources /Nv/)
Exchange Provision. At any time after an event triggering the flip-in or ------------------ flip-over rights and prior to the acquisition by the Acquiring Person of 50% or more of the outstanding Common Stock, the 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, at an exchange ratio of one Common Share per Right (subject to adjustment).
Appears in 2 contracts
Samples: Preferred Shares Rights Agreement (Quickturn Design Systems Inc), Preferred Shares Rights Agreement (Quickturn Design Systems Inc)
