{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lP4dP1Xg0va", "uri": "/contracts/lP4dP1Xg0va#exchange", "label": "Rights Agreement (SLH Corp)", "score": 18.0, "published": true}, {"hash": "kwgEAEOs6US", "uri": "/contracts/kwgEAEOs6US#exchange", "label": "Rights Agreement (Maytag Corp)", "score": 18.0, "published": true}, {"hash": "k82Lv86JMrP", "uri": "/contracts/k82Lv86JMrP#exchange", "label": "Rights Agreement (Syntroleum Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "board-of-directors-of-the-company", "type": "clause", "offset": [8, 41]}, {"key": "at-any-time", "type": "clause", "offset": [62, 73]}, {"key": "any-person", "type": "clause", "offset": [80, 90]}, {"key": "acquiring-person", "type": "clause", "offset": [102, 118]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [242, 279]}, {"key": "an-exchange", "type": "clause", "offset": [319, 330]}, {"key": "ratio-of", "type": "clause", "offset": [331, 339]}, 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[1765, 1775]}, {"key": "registry-books", "type": "definition", "offset": [1836, 1850]}, {"key": "the-rights-agent", "type": "clause", "offset": [1854, 1870]}, {"key": "the-notice", "type": "clause", "offset": [1987, 1997]}, {"key": "notice-of-exchange", "type": "definition", "offset": [2009, 2027]}, {"key": "the-method", "type": "definition", "offset": [2039, 2049]}, {"key": "in-the-event-of", "type": "definition", "offset": [2126, 2141]}, {"key": "partial-exchange", "type": "definition", "offset": [2146, 2162]}, {"key": "number-of-rights", "type": "clause", "offset": [2168, 2184]}, {"key": "pro-rata", "type": "clause", "offset": [2249, 2257]}, {"key": "based-on", "type": "definition", "offset": [2258, 2266]}, {"key": "holder-of-rights", "type": "clause", "offset": [2399, 2415]}, {"key": "shares-issued", "type": "clause", "offset": [2476, 2489]}, {"key": "exchange-of-rights", "type": "clause", "offset": [2551, 2569]}, {"key": "in-accordance-with", "type": "definition", "offset": [2586, 2604]}, {"key": "additional-common-shares", "type": "definition", "offset": [2694, 2718]}, {"key": "exchange-of-the-rights", "type": "clause", "offset": [2737, 2759]}, {"key": "in-the-event-the", "type": "clause", "offset": [2761, 2777]}, {"key": "good-faith-effort", "type": "definition", "offset": [2799, 2816]}, {"key": "number-of-preferred-shares", "type": "clause", "offset": [3029, 3055]}, {"key": "current-per-share-market-price", "type": "definition", "offset": [3090, 3120]}, {"key": "date-of-issuance", "type": "clause", "offset": [3259, 3275]}, {"key": "to-issue", "type": "clause", "offset": [3360, 3368]}, {"key": "fractions-of-common-shares", "type": "clause", "offset": [3369, 3395]}, {"key": "to-distribute", "type": "definition", "offset": [3399, 3412]}, {"key": "fractional-common-shares", "type": "clause", "offset": [3441, 3465]}, {"key": "in-lieu-of", "type": "clause", "offset": [3467, 3477]}, {"key": "pay-to", "type": "definition", "offset": [3527, 3533]}, {"key": "registered-holders", "type": "definition", "offset": [3538, 3556]}, {"key": "right-certificates", "type": "clause", "offset": [3564, 3582]}, {"key": "with-regard-to", "type": "clause", "offset": [3583, 3597]}, {"key": "current-market-value", "type": "clause", "offset": [3714, 3734]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [3760, 3779]}, {"key": "closing-price", "type": "clause", "offset": [3862, 3875]}, {"key": "trading-day", "type": "definition", "offset": [3977, 3988]}, {"key": "prior-to-the", "type": "clause", "offset": [4001, 4013]}, {"key": "date-of-exchange", "type": "definition", "offset": [4014, 4030]}], "snippet": "(a) The Board of Directors of the Company may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void pursuant to the provisions of Section 11(a)(ii) hereof) for Common Shares at an exchange ratio of one Common Share per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the \"Exchange Ratio\"). Notwithstanding the foregoing, the Board of Directors shall not be empowered to effect such exchange at any time after any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding Common Shares for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the Common Shares then outstanding.\n(b) Immediately upon the action of the Board of Directors of the Company ordering the exchange of any Rights pursuant to paragraph (a) of this Section 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of Common Shares equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the Common Shares for Rights will be effected and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to the provisions of Section 11(a)(ii) hereof) held by each holder of Rights.\n(c) In the event that there shall not be sufficient Common Shares issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance with this Section 24, the Company shall take all such action as may be necessary to authorize additional Common Shares for issuance upon exchange of the Rights. In the event the Company shall, after good faith effort, be unable to take all such action as may be necessary to authorize such additional Common Shares, the Company shall substitute, for each Common Share that would otherwise be issuable upon exchange of a Right, a number of Preferred Shares or fraction thereof such that the current per share market price of one Preferred Share multiplied by such number or fraction is equal to the current per share market price of one Common Share as of the date of issuance of such Preferred Shares or fraction thereof.\n(d) The Company shall not be required to issue fractions of Common Shares or to distribute certificates which evidence fractional Common Shares. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Common Share. For the purposes of this paragraph (d), the current market value of a whole Common Share shall be the closing price of a Common Share (as determined pursuant to the second sentence of Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24.", "size": 749, "hash": "c4b0dfb22c553f56861d81b7cbf22396", "id": 1}, {"samples": [{"hash": "g1dJD2ar00u", "uri": "/contracts/g1dJD2ar00u#exchange", "label": "Rights Agreement (Vitalworks Inc)", "score": 18.0, "published": true}, {"hash": "fs6k7AjYfGh", "uri": "/contracts/fs6k7AjYfGh#exchange", "label": "Rights Agreement (Gyrodyne Co of America Inc)", "score": 18.0, "published": true}, {"hash": "dJvTPxKElHx", "uri": "/contracts/dJvTPxKElHx#exchange", "label": "Rights Agreement (Calton Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "board-of-directors-of-the-corporation", "type": "clause", "offset": [8, 45]}, {"key": "at-any-time", "type": "clause", "offset": [66, 77]}, {"key": "any-person", "type": "clause", "offset": [84, 94]}, {"key": "acquiring-person", "type": "clause", "offset": [106, 122]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [246, 283]}, {"key": "an-exchange", "type": "clause", "offset": [327, 338]}, {"key": "ratio-of", "type": "clause", "offset": [339, 347]}, {"key": "one-share", "type": "definition", "offset": [348, 357]}, {"key": "stock-split", "type": "definition", "offset": [407, 418]}, {"key": "stock-dividend", "type": "definition", "offset": [420, 434]}, {"key": "similar-transaction", "type": "definition", "offset": [438, 457]}, {"key": "date-hereof", "type": "clause", "offset": [478, 489]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [567, 596]}, {"key": "be-empowered", "type": "clause", "offset": [631, 643]}, {"key": "exempt-person", "type": "clause", "offset": [712, 725]}, {"key": "affiliates-and-associates", "type": "clause", "offset": [746, 771]}, {"key": "beneficial-owner", "type": "definition", "offset": [800, 816]}, {"key": "voting-stock", "type": "definition", "offset": [839, 851]}, {"key": "action-of-the-board-of-directors", "type": "definition", "offset": [895, 927]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [983, 1004]}, {"key": "section-27", "type": "definition", "offset": [1017, 1027]}, {"key": "further-action", "type": "clause", "offset": [1044, 1058]}, {"key": "any-notice", "type": "definition", "offset": [1071, 1081]}, {"key": "right-to-exercise", "type": "clause", "offset": [1087, 1104]}, {"key": "such-rights", "type": "definition", "offset": [1105, 1116]}, {"key": "a-holder", "type": "definition", "offset": [1166, 1174]}, {"key": "to-receive", "type": "definition", "offset": [1199, 1209]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [1215, 1247]}, {"key": "equal-to", "type": "definition", "offset": [1248, 1256]}, {"key": "the-exchange-ratio", "type": "clause", "offset": [1317, 1335]}, {"key": "notice-of-any", "type": "clause", "offset": [1380, 1393]}, {"key": "failure-to", "type": "clause", "offset": [1437, 1447]}, {"key": "a-notice", "type": "definition", "offset": [1568, 1576]}, {"key": "holders-of", "type": "clause", "offset": [1612, 1622]}, {"key": "registry-books", "type": "definition", "offset": [1683, 1697]}, {"key": "the-rights-agent", "type": "clause", "offset": [1701, 1717]}, {"key": "the-notice", "type": "clause", "offset": [1834, 1844]}, {"key": "notice-of-exchange", "type": "definition", "offset": [1856, 1874]}, {"key": "the-method", "type": "definition", "offset": [1886, 1896]}, {"key": "exchange-of-the-shares", "type": "clause", "offset": [1910, 1932]}, {"key": "in-the-event-of", "type": "definition", "offset": [1982, 1997]}, {"key": "partial-exchange", "type": "definition", "offset": [2002, 2018]}, {"key": "number-of-rights", "type": "clause", "offset": [2024, 2040]}, {"key": "pro-rata", "type": "clause", "offset": [2105, 2113]}, {"key": "based-on", "type": "definition", "offset": [2114, 2122]}, {"key": "holder-of-rights", "type": "clause", "offset": [2250, 2266]}, {"key": "sufficient-shares", "type": "definition", "offset": [2309, 2326]}, {"key": "common-stock-issued", "type": "clause", "offset": [2330, 2349]}, {"key": "exchange-of-rights", "type": "clause", "offset": [2411, 2429]}, {"key": "in-accordance-with", "type": "definition", "offset": [2446, 2464]}, {"key": "additional-shares-of-common-stock", "type": "definition", "offset": [2558, 2591]}, {"key": "exchange-of-the-rights", "type": "clause", "offset": [2610, 2632]}, {"key": "to-issue", "type": "clause", "offset": [2676, 2684]}, {"key": "fractions-of-shares-of-common-stock", "type": "clause", "offset": [2685, 2720]}, {"key": "to-distribute", "type": "definition", "offset": [2724, 2737]}, {"key": "in-lieu-of", "type": "clause", "offset": [2785, 2795]}, {"key": "pay-to", "type": "definition", "offset": [2842, 2848]}, {"key": "registered-holders", "type": "definition", "offset": [2853, 2871]}, {"key": "rights-certificates", "type": "clause", "offset": [2879, 2898]}, {"key": "with-regard-to", "type": "clause", "offset": [2899, 2913]}, {"key": "fractional-shares-of-common-stock", "type": "clause", "offset": [2925, 2958]}, {"key": "current-market-value", "type": "clause", "offset": [3039, 3059]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [3094, 3113]}, {"key": "stock-shall", "type": "definition", "offset": [3186, 3197]}, {"key": "closing-price", "type": "clause", "offset": [3205, 3218]}, {"key": "a-share", "type": "definition", "offset": [3222, 3229]}, {"key": "trading-day", "type": "definition", "offset": [3254, 3265]}, {"key": "prior-to-the", "type": "clause", "offset": [3278, 3290]}, {"key": "date-of-exchange", "type": "definition", "offset": [3291, 3307]}], "snippet": "(a) The Board of Directors of the Corporation may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void pursuant to the provisions of Section 7(e) hereof) for shares of Common Stock at an exchange ratio of one share per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the \"Exchange Ratio\"). Notwithstanding the foregoing, the Board of Directors shall not be empowered to effect such exchange at any time after any Person (other than an Exempt Person), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the Voting Stock then outstanding.\n(b) Immediately upon the action of the Board of Directors of the Corporation ordering the exchange of any Rights pursuant to paragraph (a) of this Section 27 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of shares of Common Stock equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Corporation shall promptly give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Corporation promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the shares of Common Stock for Rights will be effected and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to the provisions of Section 7(e) hereof) held by each holder of Rights.\n(c) In the event that there shall not be sufficient shares of Common Stock issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance with this Section 27, the Corporation shall take all such action as may be necessary to authorize additional shares of Common Stock for issuance upon exchange of the Rights.\n(d) The Corporation shall not be required to issue fractions of shares of Common Stock or to distribute certificates which evidence fractional shares. In lieu of such fractional shares, the Corporation shall pay to the registered holders of the Rights Certificates with regard to which such fractional shares of Common Stock would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole share of Common Stock. For the purposes of this paragraph (d), the current market value of a whole share of Common Stock shall be the closing price of a share of Common Stock for the Trading Day immediately prior to the date of exchange pursuant to this Section 27.", "size": 267, "hash": "e1106f5db744add4582fb8c1678a2715", "id": 6}, {"samples": [{"hash": "kCL8Kd8EsO1", "uri": "/contracts/kCL8Kd8EsO1#exchange", "label": "Rights Agreement (Emergent BioSolutions Inc.)", "score": 21.0, "published": true}, {"hash": "dztaZ4coqBS", "uri": "/contracts/dztaZ4coqBS#exchange", "label": "Rights Agreement (Icagen Inc)", "score": 21.0, "published": true}, {"hash": "ccci0D3wdXs", "uri": "/contracts/ccci0D3wdXs#exchange", "label": "Rights Agreement (Emergent BioSolutions Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [34, 45]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [205, 242]}, {"key": "without-limitation", "type": 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834]}, {"key": "holding-common-stock", "type": "definition", "offset": [885, 905]}, {"key": "terms-of", "type": "definition", "offset": [929, 937]}, {"key": "affiliates-and-associates", "type": "clause", "offset": [972, 997]}, {"key": "beneficial-owner", "type": "definition", "offset": [1026, 1042]}, {"key": "the-shares", "type": "clause", "offset": [1061, 1071]}, {"key": "action-of-the-board", "type": "clause", "offset": [1131, 1150]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [1187, 1209]}, {"key": "evidence-of", "type": "definition", "offset": [1234, 1245]}, {"key": "the-rights-agent", "type": "clause", "offset": [1279, 1295]}, {"key": "further-action", "type": "clause", "offset": [1313, 1327]}, {"key": "any-notice", "type": "definition", "offset": [1340, 1350]}, {"key": "right-to-exercise", "type": "clause", "offset": [1356, 1373]}, {"key": "such-rights", "type": "definition", "offset": [1374, 1385]}, {"key": "a-holder", "type": "definition", "offset": [1435, 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"definition", "offset": [3075, 3084]}, {"key": "fraction-of-a-share", "type": "clause", "offset": [3098, 3117]}, {"key": "in-lieu-of", "type": "clause", "offset": [3179, 3189]}, {"key": "stock-shall", "type": "definition", "offset": [3211, 3222]}, {"key": "sufficient-shares", "type": "definition", "offset": [3322, 3339]}, {"key": "exchange-of-rights", "type": "clause", "offset": [3443, 3461]}, {"key": "in-accordance-with", "type": "definition", "offset": [3478, 3496]}, {"key": "additional-shares-of-common-stock", "type": "definition", "offset": [3586, 3619]}, {"key": "exchange-of-the-rights", "type": "clause", "offset": [3657, 3679]}, {"key": "to-issue", "type": "clause", "offset": [3719, 3727]}, {"key": "fractions-of-shares-of-common-stock", "type": "clause", "offset": [3728, 3763]}, {"key": "to-distribute", "type": "definition", "offset": [3767, 3780]}, {"key": "fractional-shares-of-common-stock", "type": "clause", "offset": [3809, 3842]}, {"key": "registered-holders", "type": "definition", "offset": [3922, 3940]}, {"key": "right-certificates", "type": "clause", "offset": [3948, 3966]}, {"key": "with-regard-to", "type": "clause", "offset": [3967, 3981]}, {"key": "current-market-value", "type": "clause", "offset": [4108, 4128]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [4163, 4182]}, {"key": "this-subsection", "type": "definition", "offset": [4183, 4198]}, {"key": "closing-price-per-share-of-common-stock", "type": "definition", "offset": [4275, 4314]}, {"key": "trading-day", "type": "definition", "offset": [4398, 4409]}, {"key": "prior-to-the", "type": "clause", "offset": [4422, 4434]}, {"key": "date-of-exchange", "type": "definition", "offset": [4435, 4451]}], "snippet": "(a) The Board may, at its option, at any time after a Section 11(a)(ii) Event, exchange all or part of the then outstanding and exercisable Rights (which (i) shall not include Rights that have become void pursuant to the provisions of Section 7(e) hereof, and (ii) shall include, without limitation, any Rights issued after the Distribution Date) for shares of Common Stock at an exchange ratio of one share of Common Stock per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the \u201cExchange Ratio\u201d). Notwithstanding the foregoing, the Board shall not be empowered to effect such exchange at any time after any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding Common Stock for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the shares of Common Stock then outstanding.\n(b) Immediately upon the action of the Board ordering the exchange of any Rights pursuant to subsection (a) of this Section 24, evidence of which shall have been filed with the Rights Agent, and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of shares of Common Stock equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange shall state the method by which the exchange of shares of Common Stock for Rights will be effected and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to the provisions of Section 7(e) hereof) held by each holder of Rights.\n(c) In any exchange pursuant to this Section 24, the Company, at its option, may substitute Preferred Stock (or equivalent preferred stock, as such term is defined in Section 11(b) hereof) for shares of Common Stock exchangeable for Rights, at the initial rate of one one-thousandth of a share of Preferred Stock (or equivalent preferred stock) for each share of Common Stock, as appropriately adjusted to reflect adjustments in the voting rights of the Preferred Stock pursuant to Section 3(A) of the Certificate of Designations attached hereto as Exhibit A, so that the fraction of a share of Preferred Stock (or equivalent preferred stock) delivered in lieu of each share of Common Stock shall have the same voting rights as one share of Common Stock.\n(d) In the event that there shall not be sufficient shares of Common Stock or Preferred Stock issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance with this Section 24, the Company shall take all such action as may be necessary to authorize additional shares of Common Stock or Preferred Stock for issuance upon exchange of the Rights.\n(e) The Company shall not be required to issue fractions of shares of Common Stock or to distribute certificates which evidence fractional shares of Common Stock. In lieu of such fractional shares of Common Stock, there shall be paid to the registered holders of the Right Certificates with regard to which such fractional shares of Common Stock would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole share of Common Stock. For the purposes of this subsection (e), the current market value of a whole share of Common Stock shall be the closing price per share of Common Stock (as determined pursuant to the second sentence of Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24.", "size": 456, "hash": "9bf64f32dcd5ac8f7a4ddcbc629287ca", "id": 2}, {"samples": [{"hash": "lNHxtGGJ4i5", "uri": "/contracts/lNHxtGGJ4i5#exchange", "label": "Rights Agreement (Old Second Bancorp Inc)", "score": 21.0, "published": true}, {"hash": "j2AktCYVnzP", "uri": "/contracts/j2AktCYVnzP#exchange", "label": "Rights Agreement (Com21 Inc)", "score": 21.0, "published": true}, {"hash": "62s8sGwMKDX", "uri": "/contracts/62s8sGwMKDX#exchange", "label": "Rights Agreement (Cephalon Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "board-of-directors-of-the-company", "type": "clause", "offset": [8, 41]}, {"key": "at-any-time", "type": "clause", "offset": [62, 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773]}, {"key": "after-the-occurrence-of-an-event", "type": "clause", "offset": [871, 903]}, {"key": "section-13", "type": "definition", "offset": [917, 927]}, {"key": "in-accordance-with", "type": "definition", "offset": [1059, 1077]}, {"key": "exchange-of-the-rights", "type": "clause", "offset": [1150, 1172]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [1173, 1198]}, {"key": "sole-discretion", "type": "definition", "offset": [1307, 1322]}, {"key": "immediately-upon-the", "type": "clause", "offset": [1342, 1362]}, {"key": "action-of-the-board-of-directors", "type": "definition", "offset": [1384, 1416]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [1468, 1489]}, {"key": "further-action", "type": "clause", "offset": [1529, 1543]}, {"key": "any-notice", "type": "definition", "offset": [1556, 1566]}, {"key": "right-to-exercise", "type": "clause", "offset": [1572, 1589]}, {"key": "such-rights", "type": "definition", "offset": [1590, 1601]}, {"key": "a-holder", "type": "definition", "offset": [1651, 1659]}, {"key": "to-receive", "type": "definition", "offset": [1684, 1694]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [1700, 1732]}, {"key": "equal-to", "type": "definition", "offset": [1733, 1741]}, {"key": "the-exchange-ratio", "type": "clause", "offset": [1802, 1820]}, {"key": "the-company-shall", "type": "clause", "offset": [1822, 1839]}, {"key": "notice-of-any", "type": "clause", "offset": [1861, 1874]}, {"key": "failure-to", "type": "clause", "offset": [1918, 1928]}, {"key": "a-notice", "type": "definition", "offset": [2045, 2053]}, {"key": "holders-of", "type": "clause", "offset": [2089, 2099]}, {"key": "registry-books", "type": "definition", "offset": [2172, 2186]}, {"key": "the-rights-agent", "type": "clause", "offset": [2190, 2206]}, {"key": "the-notice", "type": "clause", "offset": [2323, 2333]}, {"key": "notice-of-exchange", "type": "definition", "offset": [2345, 2363]}, {"key": "the-method", "type": "definition", "offset": [2375, 2385]}, {"key": "exchange-of-the-shares", "type": "clause", "offset": [2399, 2421]}, {"key": "in-the-event-of", "type": "definition", "offset": [2471, 2486]}, {"key": "partial-exchange", "type": "definition", "offset": [2491, 2507]}, {"key": "number-of-rights", "type": "clause", "offset": [2513, 2529]}, {"key": "pro-rata", "type": "clause", "offset": [2594, 2602]}, {"key": "based-on", "type": "definition", "offset": [2603, 2611]}, {"key": "holder-of-rights", "type": "clause", "offset": [2744, 2760]}, {"key": "sufficient-shares", "type": "definition", "offset": [2850, 2867]}, {"key": "common-stock-issued", "type": "clause", "offset": [2871, 2890]}, {"key": "exchange-of-rights-for-common-stock", "type": "clause", "offset": [2951, 2986]}, {"key": "to-the-extent", "type": "clause", "offset": [3068, 3081]}, {"key": "number-of-shares-of-preferred-stock", "type": "clause", "offset": [3197, 3232]}, {"key": "equivalent-preferred-shares", "type": "clause", "offset": [3257, 3284]}, {"key": "defined-in-section", "type": "clause", "offset": [3302, 3320]}, {"key": "current-per-share-market-price", "type": "definition", "offset": [3342, 3372]}, {"key": "pursuant-to-section", "type": "clause", "offset": [3385, 3404]}, {"key": "date-of", "type": "clause", "offset": [3653, 3660]}], "snippet": "(a) The Board of Directors of the Company may, at its option, at any time after the Flip-In Event, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void pursuant to the provisions of Section 11(a)(ii) hereof) for Common Stock at an exchange ratio of one share of Common Stock per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring in respect of the Common Stock after the date hereof (such amount per Right being hereinafter referred to as the \"Exchange Ratio\"). Notwithstanding the foregoing, the Board of Directors shall not be empowered to effect such exchange at any time after an Acquiring Person shall have become the Beneficial Owner of shares of Common Stock aggregating 50% or more of the shares of Common Stock then outstanding. From and after the occurrence of an event specified in Section 13(a) hereof, any Rights that theretofore have not been exchanged pursuant to this Section 24(a) shall thereafter be exercisable only in accordance with Section 13 and may not be exchanged pursuant to this Section 24(a). The exchange of the Rights by the Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish.\n(b) Immediately upon the effectiveness of the action of the Board of Directors of the Company ordering the exchange of any Rights pursuant to paragraph (a) of this Section 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of shares of Common Stock equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company shall promptly mail a notice of any such exchange to all of the holders of the Rights so exchanged at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the shares of Common Stock for Rights will be effected and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to the provisions of Section 11(a)(ii) hereof) held by each holder of Rights.\n(c) The Company may at its option substitute, and, in the event that there shall not be sufficient shares of Common Stock issued but not outstanding or authorized but unissued to permit an exchange of Rights for Common Stock as contemplated in accordance with this Section 24, the Company shall substitute to the extent of such insufficiency, for each share of Common Stock that would otherwise be issuable upon exchange of a Right, a number of shares of Preferred Stock or fraction thereof (or Equivalent Preferred Shares, as such term is defined in Section 11(b)) such that the current per share market price (determined pursuant to Section 11(d) hereof) of one share of Preferred Stock (or Equivalent Preferred Share) multiplied by such number or fraction is equal to the current per share market price of one share of Common Stock (determined pursuant to Section 11(d) hereof) as of the date of such exchange.", "size": 369, "hash": "c9b57bc172f7871fb7e211a7ea14b6bb", "id": 3}, {"samples": [{"hash": "lJyCwMj5dPP", "uri": "/contracts/lJyCwMj5dPP#exchange", "label": "Rights Agreement (U S Home Corp /De/)", "score": 18.0, "published": true}, {"hash": "l537PAYak1l", "uri": "/contracts/l537PAYak1l#exchange", "label": "Rights Agreement (U S Home Corp /De/)", "score": 18.0, "published": true}, {"hash": "kiKBI2IPt9d", "uri": "/contracts/kiKBI2IPt9d#exchange", "label": "Rights Agreement (U S Home Corp /De/)", "score": 18.0, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [47, 58]}, {"key": "any-person", "type": "clause", "offset": [65, 75]}, {"key": "acquiring-person", "type": "clause", "offset": [87, 103]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [227, 264]}, {"key": "shares-of-the-company", "type": "clause", "offset": [282, 303]}, {"key": "an-exchange", "type": "clause", "offset": [322, 333]}, {"key": "ratio-of", "type": "clause", "offset": [334, 342]}, {"key": "one-share", "type": "definition", "offset": [343, 352]}, {"key": "stock-split", "type": "definition", "offset": [432, 443]}, {"key": "stock-dividend", "type": "definition", "offset": [445, 459]}, {"key": "similar-transaction", "type": "definition", "offset": [463, 482]}, {"key": "date-hereof", "type": "clause", "offset": [503, 514]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [592, 621]}, {"key": "be-empowered", "type": "clause", "offset": [656, 668]}, {"key": "subsidiary-of-the-company", "type": "definition", "offset": [751, 776]}, {"key": "plan-of", "type": "definition", "offset": [799, 806]}, {"key": "person-or-entity", "type": "clause", "offset": [850, 866]}, {"key": "by-the-company-for", "type": "clause", "offset": [903, 921]}, {"key": "terms-of", "type": "definition", "offset": [941, 949]}, {"key": "affiliates-and-associates", "type": "clause", "offset": [984, 1009]}, {"key": "beneficial-owner", "type": "definition", "offset": [1038, 1054]}, {"key": "action-of-the-board-of-directors", "type": "definition", "offset": [1143, 1175]}, {"key": "pursuant-to-section", "type": "clause", "offset": [1212, 1231]}, {"key": "further-action", "type": "clause", "offset": [1254, 1268]}, {"key": "any-notice", "type": "definition", "offset": [1281, 1291]}, {"key": "right-to-exercise", "type": "clause", "offset": [1297, 1314]}, {"key": "such-rights", "type": "definition", "offset": [1315, 1326]}, {"key": "a-holder", "type": "definition", "offset": [1376, 1384]}, {"key": "to-receive", "type": "definition", "offset": [1409, 1419]}, {"key": "equal-to", "type": "definition", "offset": [1472, 1480]}, {"key": "the-exchange-ratio", "type": "clause", "offset": [1541, 1559]}, {"key": "the-company-shall", "type": "clause", "offset": [1561, 1578]}, {"key": "notice-of-any", "type": "clause", "offset": [1600, 1613]}, {"key": "failure-to", "type": "clause", "offset": [1657, 1667]}, {"key": "a-notice", "type": "definition", "offset": [1784, 1792]}, {"key": "holders-of", "type": "clause", "offset": [1828, 1838]}, {"key": "registry-books", "type": "definition", "offset": [1899, 1913]}, {"key": "the-rights-agent", "type": "clause", "offset": [1917, 1933]}, {"key": "the-notice", "type": "clause", "offset": [2050, 2060]}, {"key": "notice-of-exchange", "type": "definition", "offset": [2072, 2090]}, {"key": "the-method", "type": "definition", "offset": [2102, 2112]}, {"key": "exchange-of-the-shares", "type": "clause", "offset": [2126, 2148]}, {"key": "in-the-event-of", "type": "definition", "offset": [2212, 2227]}, {"key": "partial-exchange", "type": "definition", "offset": [2232, 2248]}, {"key": "number-of-rights", "type": "clause", "offset": [2254, 2270]}, {"key": "pro-rata", "type": "clause", "offset": [2335, 2343]}, {"key": "based-on", "type": "definition", "offset": [2344, 2352]}, {"key": "holder-of-rights", "type": "clause", "offset": [2480, 2496]}, {"key": "sufficient-shares", "type": "definition", "offset": [2539, 2556]}, {"key": "common-stock-issued", "type": "clause", "offset": [2574, 2593]}, {"key": "exchange-of-rights", "type": "clause", "offset": [2655, 2673]}, {"key": "in-accordance-with", "type": "definition", "offset": [2690, 2708]}, {"key": "additional-common-stock", "type": "clause", "offset": [2798, 2821]}, {"key": "exchange-of-the-rights", "type": "clause", "offset": [2840, 2862]}, {"key": "in-the-event-the", "type": "clause", "offset": [2864, 2880]}, {"key": "good-faith-effort", "type": "definition", "offset": [2902, 2919]}, {"key": "number-of-shares-of-preferred-stock", "type": "clause", "offset": [3140, 3175]}, {"key": "current-market-price", "type": "clause", "offset": [3210, 3230]}, {"key": "date-of-issuance", "type": "clause", "offset": [3377, 3393]}, {"key": "to-issue", "type": "clause", "offset": [3486, 3494]}, {"key": "fractions-of-a-share", "type": "clause", "offset": [3495, 3515]}, {"key": "to-distribute", "type": "definition", "offset": [3539, 3552]}, {"key": "fractional-shares", "type": "clause", "offset": [3581, 3598]}, {"key": "in-lieu-of", "type": "clause", "offset": [3600, 3610]}, {"key": "pay-to", "type": "definition", "offset": [3653, 3659]}, {"key": "registered-holders", "type": "definition", "offset": [3664, 3682]}, {"key": "rights-certificate", "type": "clause", "offset": [3690, 3708]}, {"key": "with-regard-to", "type": "clause", "offset": [3709, 3723]}, {"key": "market-value-of-a-share", "type": "definition", "offset": [3841, 3864]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [3882, 3901]}, {"key": "stock-shall", "type": "definition", "offset": [3968, 3979]}, {"key": "closing-price", "type": "clause", "offset": [3987, 4000]}, {"key": "trading-day", "type": "definition", "offset": [4088, 4099]}, {"key": "prior-to-the", "type": "clause", "offset": [4112, 4124]}, {"key": "date-of-exchange", "type": "definition", "offset": [4125, 4141]}], "snippet": "(a) The Board of Directors may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void pursuant to the provisions of Section 7(e) hereof) for shares of the Company's Common Stock at an exchange ratio of one share of the Company's Common Stock per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the \"Exchange Ratio\"). Notwithstanding the foregoing, the Board of Directors shall not be empowered to effect such exchange at any time after any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any Person or entity organized, appointed or established by the Company for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the Company's Common Stock then outstanding.\n(b) Immediately upon the action of the Board of Directors ordering the exchange of any Rights pursuant to Section 24(a) and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of shares of the Company's Common Stock equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the shares of the Company's Common Stock for Rights will be effected and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to the provisions of Section 7(e) hereof) held by each holder of Rights.\n(c) In the event that there shall not be sufficient shares of the Company's Common Stock issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance with this Section 24, the Company shall take all such action as may be necessary to authorize additional Common Stock for issuance upon exchange of the Rights. In the event the Company shall, after good faith effort, be unable to take all such action as may be necessary to authorize such additional Common Stock, the Company shall substitute, for each share of Common Stock that would otherwise be issuable upon exchange of a Right, a number of shares of Preferred Stock or fraction thereof such that the Current Market Price of one share of Preferred Stock multiplied by such number or fraction is equal to the Current Market Price of one share of Common Stock as of the date of issuance of such share of Preferred Stock or fraction thereof.\n(d) The Company shall not be required to issue fractions of a share of its Common Stock or to distribute certificates which evidence fractional shares. In lieu of such fractional shares, the Company shall pay to the registered holders of the Rights Certificate with regard to which such fractional shares would otherwise be issuable an amount in cash equal to the same fraction of the Current Market Value of a share of Common Stock. For the purposes of this Section 24(d), the Current Market Value of a share of Common Stock shall be the closing price of a share of Common Stock (as determined pursuant to Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24.", "size": 366, "hash": "f5e97fe19c35f109977715878e243131", "id": 4}, {"samples": [{"hash": "lqF2QmfQ3bC", "uri": "/contracts/lqF2QmfQ3bC#exchange", "label": "Preferred Shares Rights Agreement (Catalyst Semiconductor Inc)", "score": 21.0, "published": true}, {"hash": "kuCN8KyoRsX", "uri": "/contracts/kuCN8KyoRsX#exchange", "label": "Preferred Stock Rights Agreement (Natus Medical Inc)", "score": 21.0, "published": true}, {"hash": "ktavD7x0Brh", "uri": "/contracts/ktavD7x0Brh#exchange", "label": "Preferred Stock Rights Agreement (Pinnacle Systems Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "subject-to-applicable-laws", "type": "clause", "offset": [4, 30]}, {"key": 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{"key": "number-of-common-shares", "type": "definition", "offset": [1467, 1490]}, {"key": "equal-to", "type": "definition", "offset": [1491, 1499]}, {"key": "the-exchange-ratio", "type": "clause", "offset": [1560, 1578]}, {"key": "the-company-shall", "type": "clause", "offset": [1580, 1597]}, {"key": "notice-of-any", "type": "clause", "offset": [1610, 1623]}, {"key": "failure-to", "type": "clause", "offset": [1667, 1677]}, {"key": "a-notice", "type": "definition", "offset": [1785, 1793]}, {"key": "holders-of", "type": "clause", "offset": [1829, 1839]}, {"key": "registry-books", "type": "definition", "offset": [1900, 1914]}, {"key": "the-rights-agent", "type": "clause", "offset": [1918, 1934]}, {"key": "the-notice", "type": "clause", "offset": [2051, 2061]}, {"key": "notice-of-exchange", "type": "definition", "offset": [2073, 2091]}, {"key": "the-method", "type": "definition", "offset": [2103, 2113]}, {"key": "in-the-event-of", "type": "definition", "offset": [2190, 2205]}, {"key": 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{"key": "in-lieu-of", "type": "clause", "offset": [2999, 3009]}, {"key": "in-exchange", "type": "clause", "offset": [3032, 3043]}, {"key": "equity-securities", "type": "definition", "offset": [3076, 3093]}, {"key": "having-a", "type": "definition", "offset": [3120, 3128]}, {"key": "the-value", "type": "clause", "offset": [3235, 3244]}, {"key": "nationally-recognized", "type": "definition", "offset": [3289, 3310]}, {"key": "investment-banking-firm", "type": "definition", "offset": [3311, 3334]}, {"key": "majority-vote-of-the-board", "type": "definition", "offset": [3347, 3373]}, {"key": "other-securities", "type": "clause", "offset": [3461, 3477]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [3548, 3576]}, {"key": "the-product", "type": "definition", "offset": [3618, 3629]}, {"key": "current-per-share-market-price", "type": "definition", "offset": [3637, 3667]}, {"key": "date-of", "type": "clause", "offset": [3692, 3699]}, {"key": "shares-available", "type": "definition", "offset": [3882, 3898]}, {"key": "to-the-extent", "type": "clause", "offset": [3900, 3913]}, {"key": "pursuant-to-clauses", "type": "clause", "offset": [3973, 3992]}, {"key": "period-of", "type": "definition", "offset": [4121, 4130]}, {"key": "following-the", "type": "definition", "offset": [4153, 4166]}, {"key": "in-order-to", "type": "clause", "offset": [4239, 4250]}, {"key": "form-of-distribution", "type": "definition", "offset": [4335, 4355]}, {"key": "made-pursuant-to", "type": "clause", "offset": [4362, 4378]}, {"key": "determine-the", "type": "clause", "offset": [4406, 4419]}, {"key": "public-announcement", "type": "clause", "offset": [4498, 4517]}, {"key": "to-issue", "type": "clause", "offset": [4634, 4642]}, {"key": "fractions-of-common-shares", "type": "clause", "offset": [4643, 4669]}, {"key": "to-distribute", "type": "definition", "offset": [4673, 4686]}, {"key": "fractional-common-shares", "type": "clause", "offset": [4715, 4739]}, {"key": "registered-holders", "type": "definition", "offset": [4810, 4828]}, {"key": "rights-certificates", "type": "clause", "offset": [4836, 4855]}, {"key": "with-regard-to", "type": "clause", "offset": [4856, 4870]}, {"key": "current-market-value", "type": "clause", "offset": [4988, 5008]}, {"key": "acquiring-person", "type": "clause", "offset": [5229, 5245]}, {"key": "outstanding-rights", "type": "definition", "offset": [5280, 5298]}, {"key": "rights-of", "type": "definition", "offset": [5303, 5312]}, {"key": "equivalent-value", "type": "clause", "offset": [5327, 5343]}, {"key": "good-faith", "type": "clause", "offset": [5379, 5389]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [5390, 5415]}, {"key": "the-transfer-agent", "type": "definition", "offset": [6298, 6316]}, {"key": "common-shares-of-the-company", "type": "clause", "offset": [6325, 6353]}], "snippet": "(a) Subject to applicable laws, rules and regulations, and subject to subsection 24(c) below, the Company may, at its option, by action of the Board of Directors, at any time after the occurrence of a Triggering Event, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void pursuant to the provisions of Section 7(e) hereof) for Common Shares at an exchange ratio of one Common Share per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the \u201cExchange Ratio\u201d). Notwithstanding the foregoing, the Board of Directors shall not be empowered to effect such exchange at any time after any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding Common Shares for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the Common Shares then outstanding.\n(b) Immediately upon the action of the Board of Directors ordering the exchange of any Rights pursuant to subsection 24(a) of this Section 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of Common Shares equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the Common Shares for Rights will be effected and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to the provisions of Section 7(e) hereof) held by each holder of Rights.\n(c) In the event that there shall not be sufficient Common Shares issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance with Section 24(a), the Company shall either take such action as may be necessary to authorize additional Common Shares for issuance upon exchange of the Rights or alternatively, at the option of a majority of the Board of Directors, with respect to each Right (i) pay cash in an amount equal to the Current Value (as hereinafter defined), in lieu of issuing Common Shares in exchange therefor, or (ii) issue debt or equity securities or a combination thereof, having a value equal to the Current Value, in lieu of issuing Common Shares in exchange for each such Right, where the value of such securities shall be determined by a nationally recognized investment banking firm selected by majority vote of the Board of Directors, or (iii) deliver any combination of cash, property, Common Shares and/or other securities having a value equal to the Current Value in exchange for each Right. For purposes of this Section 24(c) only, the Current Value shall mean the product of the Current Per Share Market Price of Common Shares on the date of the occurrence of the event described above in subsection (a), multiplied by the number of Common Shares for which the Right otherwise would be exchangeable if there were sufficient shares available. To the extent that the Company determines that some action need be taken pursuant to clauses (i), (ii) or (iii) of this Section 24(c), the Board of Directors may temporarily suspend the exercisability of the Rights for a period of up to sixty (60) days following the date on which the event described in Section 24(a) shall have occurred, in order to seek any authorization of additional Common Shares and/or to decide the appropriate form of distribution to be made pursuant to the above provision and to determine the value thereof. In the event of any such suspension, the Company shall issue a public announcement stating that the exercisability of the Rights has been temporarily suspended.\n(d) The Company shall not be required to issue fractions of Common Shares or to distribute certificates which evidence fractional Common Shares. In lieu of such fractional Common Shares, there shall be paid to the registered holders of the Rights Certificates with regard to which such fractional Common Shares would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole Common Share (as determined pursuant to the second sentence of Section 1(j) hereof).\n(e) The Company may, at its option, by majority vote of the Board of Directors, at any time before any Person has become an Acquiring Person, exchange all or part of the then outstanding Rights for rights of substantially equivalent value, as determined reasonably and with good faith by the Board of Directors based upon the advice of one or more nationally recognized investment banking firms.\n(f) Immediately upon the action of the Board of Directors ordering the exchange of any Rights pursuant to subsection 24(e) of this Section 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of rights in exchange therefor as has been determined by the Board of Directors in accordance with subsection 24(e) above. The Company shall give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the transfer agent for the Common Shares of the Company. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the Rights will be effected.", "size": 288, "hash": "f51b40669c0c7a6b7da10c2d2e295ea1", "id": 5}, {"samples": [{"hash": "cA3p4tKTh4P", "uri": "/contracts/cA3p4tKTh4P#exchange", "label": "Rights Agreement (Energizer Holdings Inc)", "score": 26.3990421295, "published": true}, {"hash": "ft5LCQGeKdh", "uri": "/contracts/ft5LCQGeKdh#exchange", "label": "Rights Agreement (Synacor, Inc.)", "score": 25.5338802338, "published": true}, {"hash": "k5l9y389vwq", "uri": "/contracts/k5l9y389vwq#exchange", "label": "Rights Agreement (Cec Entertainment Inc)", "score": 25.0410671234, "published": true}], "snippet_links": [{"key": "board-of-directors-of-the-company", "type": "clause", "offset": [8, 41]}, {"key": "at-any-time", "type": "clause", "offset": [62, 73]}, {"key": "any-person", "type": "clause", "offset": [80, 90]}, {"key": "acquiring-person", "type": "clause", "offset": [102, 118]}, {"key": "null-and-void", "type": 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"type": "clause", "offset": [2620, 2638]}, {"key": "in-accordance-with", "type": "definition", "offset": [2655, 2673]}, {"key": "additional-common-shares", "type": "definition", "offset": [2763, 2787]}, {"key": "exchange-of-the-rights", "type": "clause", "offset": [2806, 2828]}, {"key": "in-the-event-the", "type": "clause", "offset": [2830, 2846]}, {"key": "good-faith-effort", "type": "definition", "offset": [2868, 2885]}, {"key": "number-of-preferred-shares", "type": "clause", "offset": [3098, 3124]}, {"key": "current-per-share-market-price", "type": "definition", "offset": [3159, 3189]}, {"key": "date-of-issuance", "type": "clause", "offset": [3328, 3344]}, {"key": "to-issue", "type": "clause", "offset": [3429, 3437]}, {"key": "fractions-of-common-shares", "type": "clause", "offset": [3438, 3464]}, {"key": "to-distribute", "type": "definition", "offset": [3468, 3481]}, {"key": "fractional-common-shares", "type": "clause", "offset": [3510, 3534]}, {"key": "in-lieu-of", "type": "clause", "offset": [3536, 3546]}, {"key": "pay-to", "type": "definition", "offset": [3596, 3602]}, {"key": "registered-holders", "type": "definition", "offset": [3607, 3625]}, {"key": "right-certificates", "type": "clause", "offset": [3633, 3651]}, {"key": "with-regard-to", "type": "clause", "offset": [3652, 3666]}, {"key": "current-market-value", "type": "clause", "offset": [3783, 3803]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [3829, 3848]}, {"key": "closing-price", "type": "clause", "offset": [3931, 3944]}, {"key": "trading-day", "type": "definition", "offset": [4046, 4057]}, {"key": "prior-to-the", "type": "clause", "offset": [4070, 4082]}, {"key": "date-of-exchange", "type": "definition", "offset": [4083, 4099]}], "snippet": "(a) The Board of Directors of the Company may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become null and void pursuant to the provisions of Section 11(a)(ii) hereof) for Common Shares at an exchange ratio of one Common Share per Right, appropriately adjusted to reflect any adjustment in the number of Rights pursuant to Section 11(i) (such exchange ratio being hereinafter referred to as the \u201cExchange Ratio\u201d). Notwithstanding the foregoing, the Board of Directors of the Company shall not be empowered to effect such exchange at any time after any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding Common Shares for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the Common Shares then outstanding.\n(b) Immediately upon the action of the Board of Directors of the Company ordering the exchange of any Rights pursuant to paragraph (a) of this Section 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of Common Shares equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange (with prompt written notice thereof to the Rights Agent); provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the Common Shares for Rights will be effected, and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become null and void pursuant to the provisions of Section 11(a)(ii) hereof) held by each holder of Rights.\n(c) In the event that there shall not be sufficient Common Shares issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance with this Section 24, the Company shall take all such action as may be necessary to authorize additional Common Shares for issuance upon exchange of the Rights. In the event the Company shall, after good faith effort, be unable to take all such action as may be necessary to authorize such additional Common Shares, the Company shall substitute, for each Common Share that would otherwise be issuable upon exchange of a Right, a number of Preferred Shares or fraction thereof such that the current per share market price of one Preferred Share multiplied by such number or fraction is equal to the current per share market price of one Common Share as of the date of issuance of such Preferred Shares or fraction thereof.\n(d) The Company shall not be required to issue fractions of Common Shares or to distribute certificates which evidence fractional Common Shares. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Common Share. For the purposes of this paragraph (d), the current market value of a whole Common Share shall be the closing price of a Common Share (as determined pursuant to the second sentence of Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24.", "size": 167, "hash": "6661d43d8c14607d4f6b909024a3579b", "id": 8}, {"samples": [{"hash": "knkGGV36Gq", "uri": "/contracts/knkGGV36Gq#exchange", "label": "Tax Benefits Preservation Plan (Drive Shack Inc.)", "score": 33.3723487854, "published": true}, {"hash": "lH48jkeNrH", "uri": "/contracts/lH48jkeNrH#exchange", "label": "Tax Benefits Preservation Plan (Drive Shack Inc.)", "score": 31.1765918732, "published": true}, {"hash": "CgY5f7yPtv", "uri": "/contracts/CgY5f7yPtv#exchange", "label": "Tax Benefits Preservation Plan (Drive Shack Inc.)", "score": 29.9281311035, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [34, 45]}, {"key": "any-person", "type": "clause", "offset": [52, 62]}, {"key": "null-and-void", "type": "definition", "offset": [209, 222]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [223, 260]}, {"key": "an-exchange", "type": "clause", "offset": [304, 315]}, {"key": "ratio-of", "type": "clause", "offset": [316, 324]}, {"key": "date-hereof", "type": "clause", "offset": [475, 486]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [564, 593]}, {"key": "board-shall", "type": "definition", "offset": [599, 610]}, {"key": "be-empowered", "type": "clause", "offset": [615, 627]}, {"key": "subsidiary-of-the-company", "type": "definition", "offset": [714, 739]}, {"key": "plan-of", "type": "definition", "offset": [762, 769]}, {"key": "holding-shares", "type": "clause", "offset": [820, 834]}, {"key": "terms-of", "type": "definition", "offset": [874, 882]}, {"key": "affiliates-and-associates", "type": "clause", "offset": [917, 942]}, {"key": "beneficial-owner", "type": "definition", "offset": [971, 987]}, {"key": "fifty-percent", "type": "definition", "offset": [991, 1004]}, {"key": "the-common-stock", "type": "clause", "offset": [1022, 1038]}, {"key": "section-13-event", "type": "definition", "offset": [1084, 1100]}, {"key": "action-of-the-board", "type": "clause", "offset": [1127, 1146]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [1183, 1205]}, {"key": "further-action", "type": "clause", "offset": [1245, 1259]}, {"key": "any-notice", "type": "definition", "offset": [1272, 1282]}, {"key": "right-to-exercise", "type": "clause", "offset": [1288, 1305]}, {"key": "such-rights", "type": "definition", "offset": [1306, 1317]}, {"key": "a-holder", "type": "definition", "offset": [1367, 1375]}, {"key": "to-receive", "type": "definition", "offset": [1400, 1410]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [1416, 1448]}, {"key": "equal-to", "type": "definition", "offset": [1449, 1457]}, {"key": "the-exchange-ratio", "type": "clause", "offset": [1518, 1536]}, {"key": "the-company-shall", "type": "clause", "offset": [1538, 1555]}, {"key": "notice-of-any", "type": "clause", "offset": [1577, 1590]}, {"key": "failure-to", "type": "clause", "offset": [1634, 1644]}, {"key": "a-notice", "type": "definition", "offset": [1761, 1769]}, {"key": "holders-of", "type": "clause", "offset": [1805, 1815]}, {"key": "registry-books", "type": "definition", "offset": [1876, 1890]}, {"key": "the-rights-agent", "type": "clause", "offset": [1894, 1910]}, {"key": "the-notice", "type": "clause", "offset": [2026, 2036]}, {"key": "notice-of-exchange", "type": "definition", "offset": [2048, 2066]}, {"key": "the-method", "type": "definition", "offset": [2078, 2088]}, {"key": "in-the-event-of", "type": "definition", "offset": [2164, 2179]}, {"key": "partial-exchange", "type": "definition", "offset": [2184, 2200]}, {"key": "number-of-rights", "type": "clause", "offset": [2206, 2222]}, {"key": "pro-rata", "type": "clause", "offset": [2286, 2294]}, {"key": "based-on", "type": "definition", "offset": [2295, 2303]}, {"key": "holder-of-rights", "type": "clause", "offset": [2439, 2455]}, {"key": "following-the", "type": "definition", "offset": [2461, 2474]}, {"key": "sole-discretion", "type": "definition", "offset": [2627, 2642]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [2667, 2685]}, {"key": "other-consideration", "type": "definition", "offset": [2726, 2745]}, {"key": "by-holders", "type": "clause", "offset": [2817, 2827]}, {"key": "pursuant-to-section", "type": "clause", "offset": [2869, 2888]}, {"key": "by-the-company", "type": "clause", "offset": [2941, 2955]}, {"key": "to-holders", "type": "clause", "offset": [3071, 3081]}, {"key": "satisfaction-of", "type": "clause", "offset": [3122, 3137]}, {"key": "acquiring-persons", "type": "clause", "offset": [3193, 3210]}, {"key": "trust-established", "type": "clause", "offset": [3233, 3250]}, {"key": "receipt-of", "type": "clause", "offset": [3274, 3284]}, {"key": "to-the-extent", "type": "clause", "offset": [3311, 3324]}, {"key": "dividends-paid", "type": "definition", "offset": [3678, 3692]}, {"key": "the-trust", "type": "clause", "offset": [3817, 3826]}, {"key": "applicable-trust-agreement", "type": "definition", "offset": [3921, 3947]}, {"key": "substitute-preferred-stock", "type": "definition", "offset": [4030, 4056]}, {"key": "equivalent-preferred-stock", "type": "definition", "offset": [4061, 4087]}, {"key": "rate-of", "type": "clause", "offset": [4146, 4153]}, {"key": "a-share", "type": "definition", "offset": [4176, 4183]}, {"key": "stock-splits", "type": "clause", "offset": [4304, 4316]}, {"key": "dividends-and-other", "type": "clause", "offset": [4324, 4343]}, {"key": "similar-transactions", "type": "clause", "offset": [4344, 4364]}, {"key": "sufficient-shares", "type": "definition", "offset": [4429, 4446]}, {"key": "common-stock-issued", "type": "clause", "offset": [4450, 4469]}, {"key": "exchange-of-rights", "type": "clause", "offset": [4531, 4549]}, {"key": "in-accordance-with", "type": "definition", "offset": [4566, 4584]}, {"key": "additional-shares-of-common-stock", "type": "definition", "offset": [4674, 4707]}, {"key": "exchange-of-the-rights", "type": "clause", "offset": [4726, 4748]}, {"key": "to-issue", "type": "clause", "offset": [4788, 4796]}, {"key": "fractions-of-shares-of-common-stock", "type": "clause", "offset": [4797, 4832]}, {"key": "to-distribute", "type": "definition", "offset": [4836, 4849]}, {"key": "fractional-shares-of-common-stock", "type": "clause", "offset": [4877, 4910]}, {"key": "in-lieu-of", "type": "clause", "offset": [4912, 4922]}, {"key": "registered-holders", "type": "definition", "offset": [4990, 5008]}, {"key": "rights-certificates", "type": "clause", "offset": [5016, 5035]}, {"key": "with-regard-to", "type": "clause", "offset": [5036, 5050]}, {"key": "current-market-value", "type": "clause", "offset": [5177, 5197]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [5232, 5251]}, {"key": "this-subsection", "type": "definition", "offset": [5252, 5267]}, {"key": "stock-shall", "type": "definition", "offset": [5325, 5336]}, {"key": "closing-price", "type": "clause", "offset": [5344, 5357]}, {"key": "trading-day", "type": "definition", "offset": [5468, 5479]}, {"key": "prior-to-the", "type": "clause", "offset": [5492, 5504]}, {"key": "date-of-exchange", "type": "definition", "offset": [5505, 5521]}], "snippet": "(a) The Board may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become null and void pursuant to the provisions of Section 7(e) hereof) for shares of Common Stock at an exchange ratio of one (1) share of Common Stock per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the \u201cExchange Ratio\u201d). Notwithstanding the foregoing, the Board shall not be empowered to effect such exchange at any time after (i) any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding shares of Common Stock for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of fifty percent (50%) or more of the Common Stock then outstanding or (ii) the occurrence of a Section 13 Event.\n(b) Immediately upon the action of the Board ordering the exchange of any Rights pursuant to subsection (a) of this Section 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of shares of Common Stock equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice that is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the Common Stock for Rights will be effected and, in the event of any partial exchange, the number of Rights that will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights that have become null and void pursuant to the provisions of Section 7(e) hereof) held by each holder of Rights.\n(c) Following the action of the Board ordering the exchange of any Rights pursuant to subsection (a) of this Section 24, the Company may implement such procedures in its sole discretion as it deems appropriate for the purpose of ensuring that the Common Stock (or such other consideration) issuable upon an exchange pursuant to this Section 24 not be received by holders of Rights that have become null and void pursuant to Section 7(e) hereof. In furtherance thereof, if so directed by the Company, shares of Common Stock (or other consideration) potentially issuable upon an exchange pursuant to this Section 24 to holders of Rights that have not verified to the satisfaction of the Company, in its sole discretion, that they are not Acquiring Persons may be deposited in a trust established by the Company pending receipt of appropriate verification. To the extent that such trust is established, holders of Rights entitled to receive such shares of Common Stock (or other consideration) pursuant to an exchange pursuant to this Section 24 that have not previously received such shares of Common Stock (or other consideration) shall be entitled to receive such shares of Common Stock (or other consideration) (and any dividends paid or distributions made thereon after the date on which such shares of Common Stock (or other consideration) are deposited in the trust) only from the trust and solely upon compliance with the relevant terms and provisions of the applicable trust agreement.\n(d) In any exchange pursuant to this Section 24, the Company, at its option, may substitute Preferred Stock (or Equivalent Preferred Stock) for Common Stock exchangeable for Rights, at the initial rate of one one-thousandth of a share of Preferred Stock (or Equivalent Preferred Stock) for each share of Common Stock, as appropriately adjusted to reflect stock splits, stock dividends and other similar transactions after the date hereof.\n(e) In the event that there shall not be sufficient shares of Common Stock issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance with this Section 24, the Company shall take all such action as may be necessary to authorize additional shares of Common Stock for issuance upon exchange of the Rights.\n(f) The Company shall not be required to issue fractions of shares of Common Stock or to distribute certificates that evidence fractional shares of Common Stock. In lieu of such fractional shares of Common Stock, there shall be paid to the registered holders of the Rights Certificates with regard to which such fractional shares of Common Stock would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole share of Common Stock. For the purposes of this subsection (f), the current market value of a whole share of Common Stock shall be the closing price of a share of Common Stock (as determined pursuant to the second sentence of Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24.", "size": 164, "hash": "1c396478a875f2f83763c06769b7ac00", "id": 9}, {"samples": [{"hash": "lQHigBpnUGD", "uri": "/contracts/lQHigBpnUGD#exchange", "label": "Rights Agreement (Neuberger Berman Real Estate Income Fund Inc)", "score": 18.0, "published": true}, {"hash": "hPBQf5IhIJt", "uri": "/contracts/hPBQf5IhIJt#exchange", "label": "Rights Agreement (Neuberger Berman Real Estate Income Fund Inc)", "score": 18.0, "published": true}, {"hash": "eCUCZhFqXGB", "uri": "/contracts/eCUCZhFqXGB#exchange", "label": "Rights Agreement (Neuberger Berman Real Estate Income Fund Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "board-of-directors-of-the-company", "type": "clause", "offset": [8, 41]}, {"key": "at-any-time", "type": "clause", "offset": [62, 73]}, {"key": "any-person", "type": "clause", "offset": [80, 90]}, {"key": "acquiring-person", "type": "clause", "offset": [102, 118]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [242, 279]}, {"key": "an-exchange", "type": "clause", "offset": [334, 345]}, {"key": "ratio-of", "type": "clause", "offset": [346, 354]}, {"key": "stock-split", "type": "definition", "offset": [422, 433]}, {"key": "stock-dividend", "type": "definition", "offset": [435, 449]}, {"key": "similar-transaction", "type": "definition", "offset": [453, 472]}, {"key": "date-hereof", "type": "clause", "offset": [493, 504]}, {"key": "action-of-the-board-of-directors", "type": "definition", "offset": [607, 639]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [691, 712]}, {"key": "further-action", "type": "clause", "offset": [752, 766]}, {"key": "any-notice", "type": "definition", "offset": [779, 789]}, {"key": "right-to-exercise", "type": "clause", "offset": [795, 812]}, {"key": "such-rights", "type": "definition", "offset": [813, 824]}, {"key": "a-holder", "type": "definition", "offset": [874, 882]}, {"key": "to-receive", "type": "definition", "offset": [907, 917]}, {"key": "number-of-common-shares", "type": "definition", "offset": [923, 946]}, {"key": "equal-to", "type": "definition", "offset": [962, 970]}, {"key": "the-exchange-ratio", "type": "clause", "offset": [1031, 1049]}, {"key": "the-company-shall", "type": "clause", "offset": [1051, 1068]}, {"key": "notice-of-any", "type": "clause", "offset": [1090, 1103]}, {"key": "failure-to", "type": "clause", "offset": [1147, 1157]}, {"key": "a-notice", "type": "definition", "offset": [1274, 1282]}, {"key": "holders-of", "type": "clause", "offset": [1318, 1328]}, {"key": "registry-books", "type": "definition", "offset": [1389, 1403]}, {"key": "the-rights-agent", "type": "clause", "offset": [1407, 1423]}, {"key": "the-notice", "type": "clause", "offset": [1540, 1550]}, {"key": "notice-of-exchange", "type": "definition", "offset": [1562, 1580]}, {"key": "the-method", "type": "definition", "offset": [1592, 1602]}, {"key": "the-common-shares", "type": "clause", "offset": [1628, 1645]}, {"key": "in-the-event-of", "type": "definition", "offset": [1694, 1709]}, {"key": "partial-exchange", "type": "definition", "offset": [1714, 1730]}, {"key": "number-of-rights", "type": "clause", "offset": [1736, 1752]}, {"key": "pro-rata", "type": "clause", "offset": [1817, 1825]}, {"key": "based-on", "type": "definition", "offset": [1826, 1834]}, {"key": "holder-of-rights", "type": "clause", "offset": [1967, 1983]}, {"key": "exchange-of-rights", "type": "clause", "offset": [2134, 2152]}, {"key": "in-accordance-with", "type": "definition", "offset": [2169, 2187]}, {"key": "additional-common-shares-of-the-company", "type": "clause", "offset": [2277, 2316]}, {"key": "exchange-of-the-rights", "type": "clause", "offset": [2335, 2357]}, {"key": "to-issue", "type": "clause", "offset": [2397, 2405]}, {"key": "fractions-of-common-shares", "type": "clause", "offset": [2406, 2432]}, {"key": "in-lieu-of", "type": "clause", "offset": [2449, 2459]}, {"key": "fractional-common-shares", "type": "clause", "offset": [2465, 2489]}, {"key": "pay-to", "type": "definition", "offset": [2509, 2515]}, {"key": "registered-holders", "type": "definition", "offset": [2520, 2538]}, {"key": "right-certificates", "type": "clause", "offset": [2546, 2564]}, {"key": "with-regard-to", "type": "clause", "offset": [2565, 2579]}, {"key": "current-market-value", "type": "clause", "offset": [2711, 2731]}], "snippet": "(a) The Board of Directors of the Company may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void pursuant to the provisions of SECTION 11(a)(ii) hereof) for Common Shares of the Company at an exchange ratio of six Common Shares per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the \"EXCHANGE RATIO\").\n(b) Immediately upon the action of the Board of Directors of the Company ordering the exchange of any Rights pursuant to paragraph (a) of this SECTION 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of Common Shares of the Company equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange; PROVIDED, HOWEVER, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the Common Shares of the Company for Rights will be effected and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to the provisions of SECTION 11(a)(ii) hereof) held by each holder of Rights.\n(c) In the event that there shall not be sufficient Common Shares of the Company issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance with this SECTION 24, the Company shall take all such action as may be necessary to authorize additional Common Shares of the Company for issuance upon exchange of the Rights.\n(d) The Company shall not be required to issue fractions of Common Shares of the Company. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Common Shares of the Company would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Common Share of the Company.", "size": 196, "hash": "01806bd728134b9cb782c90744466317", "id": 7}, {"samples": [{"hash": "k2PT79BKbBO", "uri": "/contracts/k2PT79BKbBO#exchange", "label": "Rights Agreement (Netro Corp)", "score": 18.0, "published": true}, {"hash": "eWJfP17uyv9", "uri": "/contracts/eWJfP17uyv9#exchange", "label": "Rights Agreement (Netro Corp)", "score": 18.0, "published": true}, {"hash": "eV5gdbK9b4g", "uri": "/contracts/eV5gdbK9b4g#exchange", "label": "Rights Agreement (E Trade Group Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [4, 15]}, {"key": "action-of-the-board-of-directors", "type": "definition", "offset": [102, 134]}, {"key": "pursuant-to-section", "type": "clause", "offset": [258, 277]}, {"key": "an-exchange", "type": "clause", "offset": [314, 325]}, {"key": "ratio-of", "type": "clause", "offset": [326, 334]}, {"key": "one-share", "type": "definition", "offset": [335, 344]}, {"key": "stock-split", "type": "definition", "offset": [410, 421]}, {"key": "stock-dividend", "type": "definition", "offset": [423, 437]}, {"key": "similar-transaction", "type": "definition", "offset": [441, 460]}, {"key": "date-hereof", "type": "clause", "offset": [481, 492]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [570, 599]}, {"key": "be-empowered", "type": "clause", "offset": [634, 646]}, {"key": "any-person", "type": "clause", "offset": [689, 699]}, {"key": "of-the-company", "type": "clause", "offset": [776, 790]}, {"key": "by-the-company", "type": "clause", "offset": [868, 882]}, {"key": "terms-of", "type": "definition", "offset": [933, 941]}, {"key": "affiliates-and-associates", "type": "clause", "offset": [976, 1001]}, {"key": "beneficial-owner", "type": "definition", "offset": [1030, 1046]}, {"key": "the-action", "type": "clause", "offset": [1131, 1141]}, {"key": "further-action", "type": "clause", "offset": [1246, 1260]}, {"key": "any-notice", "type": "definition", "offset": [1273, 1283]}, {"key": "right-to-exercise", "type": "clause", "offset": [1289, 1306]}, {"key": "such-rights", "type": "definition", "offset": [1307, 1318]}, {"key": "right-of", "type": "definition", "offset": [1358, 1366]}, {"key": "a-holder", "type": "definition", "offset": [1367, 1375]}, {"key": "to-receive", "type": "definition", "offset": [1400, 1410]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [1416, 1448]}, {"key": "equal-to", "type": "definition", "offset": [1449, 1457]}, {"key": "the-exchange-ratio", "type": "clause", "offset": [1518, 1536]}, {"key": "the-company-shall", "type": "clause", "offset": [1538, 1555]}, {"key": "give-notice", "type": "definition", "offset": [1576, 1587]}, {"key": "to-the-rights-agent", "type": "clause", "offset": [1605, 1624]}, {"key": "holders-of", "type": "clause", "offset": [1633, 1643]}, {"key": "provided-that", "type": "definition", "offset": [1710, 1723]}, {"key": "failure-to", "type": "clause", "offset": [1728, 1738]}, {"key": "the-notice", "type": "clause", "offset": [1938, 1948]}, {"key": "notice-of-exchange", "type": "definition", "offset": [1960, 1978]}, {"key": "the-method", "type": "definition", "offset": [1990, 2000]}, {"key": "exchange-of-the-shares", "type": "clause", "offset": [2014, 2036]}, {"key": "in-the-event-of", "type": "definition", "offset": [2086, 2101]}, {"key": "partial-exchange", "type": "definition", "offset": [2106, 2122]}, {"key": "number-of-rights", "type": "clause", "offset": [2128, 2144]}, {"key": "pro-rata", "type": "clause", "offset": [2209, 2217]}, {"key": "based-on", "type": "definition", "offset": [2218, 2226]}, {"key": "holder-of-rights", "type": "clause", "offset": [2329, 2345]}, {"key": "common-stock-equivalents", "type": "definition", "offset": [2439, 2463]}, {"key": "defined-in-section", "type": "clause", "offset": [2468, 2486]}, {"key": "rate-of", "type": "clause", "offset": [2566, 2573]}, {"key": "voting-rights-of-common-stock", "type": "clause", "offset": [2712, 2741]}, {"key": "in-lieu-of", "type": "clause", "offset": [2832, 2842]}, {"key": "stock-shall", "type": "definition", "offset": [2864, 2875]}], "snippet": "(a) At any time after the occurrence of a Section 11(a)(ii) Event, the Company may, at its option, by action of the Board of Directors, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void pursuant to Section 7(d)) for shares of Common Stock at an exchange ratio of one share of Common Stock per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the \"Exchange Ratio\"). Notwithstanding the foregoing, the Board of Directors shall not be empowered to effect such exchange at any time after any Person (other than the Company, any of its Subsidiaries, any employee benefit plan of the Company or any of its Subsidiaries or any Person organized, appointed or established by the Company or any of its Subsidiaries for or pursuant to the terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the shares of Common Stock then outstanding.\n(b) Immediately upon the action of the Board of Directors ordering the exchange of any Rights pursuant to Section 24(a) and without any further action and without any notice, the right to exercise such Rights will terminate and thereafter the only right of a holder of such Rights shall be to receive that number of shares of Common Stock equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly thereafter give notice of such exchange to the Rights Agent and the holders of the Rights to be exchanged in the manner set forth in Section 26; provided that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the shares of Common Stock for Rights will be effected and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to Section 7(d)) held by each holder of Rights.\n(c) In any exchange pursuant to this Section 24, the Company, at its option, may substitute common stock equivalents (as defined in Section 11(a)(iii)) for shares of Common Stock exchangeable for Rights, at the initial rate of one common stock equivalent for each share of Common Stock, as appropriately adjusted to reflect adjustments in dividend, liquidation and voting rights of common stock equivalents pursuant to the terms thereof, so that each common stock equivalent delivered in lieu of each share of Common Stock shall have essentially the same dividend, liquidation and voting rights as one share of Common Stock.", "size": 160, "hash": "be0659c29125dd78b5f2588b3d6464e9", "id": 10}], "next_curs": "ClESS2oVc35sYXdpbnNpZGVyY29udHJhY3Rzci0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhFleGNoYW5nZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["exchange", "Exchange"], ["miscellaneous", "Miscellaneous"], ["the-exchange", "The Exchange"], ["transfer-and-exchange", "Transfer and Exchange"], ["exchange-of-shares", "Exchange of Shares"]], "children": [["closing", "Closing"], ["exchange", "Exchange"], ["exchange-procedures", "Exchange Procedures"], ["", ""], ["insufficient-shares", "Insufficient Shares"]], "title": "Exchange", "size": 11127, "id": "exchange", "related": [["shift-exchange", "Shift Exchange", "Shift <strong>Exchange</strong>"], ["registration-of-transfer-and-exchange", "Registration of Transfer and Exchange", "Registration of Transfer and <strong>Exchange</strong>"], ["transfer-and-exchange-of-global-securities", "Transfer and Exchange of Global Securities", "Transfer and <strong>Exchange</strong> of Global Securities"], ["transfer-and-exchange-of-definitive-securities", "Transfer and Exchange of Definitive Securities", "Transfer and <strong>Exchange</strong> of Definitive Securities"], ["exchange-of-traffic", "Exchange of Traffic", "<strong>Exchange</strong> of Traffic"]], "related_snippets": [], "updated": "2026-04-17T06:04:34+00:00"}, "json": true, "cursor": ""}}