Exercisability; Expiration. The right to subscribe for and purchase not less than all of the shares of Warrant Stock represented hereby shall commence on the Issuance Date and shall expire at 5:00 p.m., Detroit time, on the Expiration Date (such period being the "Term"). The purchase rights represented by this Warrant may be exercised in whole at any time and from time to time during the Term. Rights to purchase shares under this Warrant shall expire and may not be exercised after at 5:00 p.m., eastern daylight savings time, on Expiration Date.
Exercisability; Expiration. The Rights are not exercisable until the Distribution Date and will expire on the earliest of (i) the close of business on July 24, 2020 (if stockholder approval for the Rights Agreement has been obtained on or prior to the annual meeting of the stockholders of the Company scheduled to be held in 2018), (ii) the date of the final adjournment of the annual meeting of the stockholders of the Company scheduled to be held in 2018 (if stockholder approval for the Rights Agreement has not been obtained on or prior to such date), (iii) the time at which the Rights are redeemed pursuant to the Rights Agreement, (iv) the time at which the Rights are exchanged pursuant to the Rights Agreement, (v) the time at which the Board of Directors of the Company determines that the Rights Agreement is no longer necessary or desirable for the preservation of certain tax benefits, or (vi) the beginning of a taxable year of the Company to which the Board of Directors of the Company determines that certain tax benefits may not be carried forward. At no time will the Rights have any voting power. In the event that an Acquiring Person becomes the beneficial owner of 4.99% or more of the then outstanding shares of Common Stock, each holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, cash, property or other securities of the Company), having a value equal to two times the exercise price of the Right. The exercise price is the Purchase Price times the number of Units associated with each Right (initially, one). Notwithstanding any of the foregoing, following the occurrence of an Acquiring Person becoming such (a “Flip-In Event”), all Rights that are, or (under certain circumstances as specified in the Rights Agreement) were, beneficially owned by any Acquiring Person will be null and void. However, the Rights are not exercisable following the occurrence of a Flip-In Event until such time as the Rights are no longer redeemable by the Company as set forth below. In the event that, at any time following the Stock Acquisition Date, (i) the Company engages in a merger or other business combination transaction in which the Company is not the surviving corporation; (ii) the Company engages in a merger or other business combination transaction in which the Company is the surviving corporation and the Common Stock is changed or exchanged; or (iii) 50% or more of the Company’s assets, cash flow or earning power is sold or tran...
Exercisability; Expiration. The right to subscribe for and purchase not less than all of the shares of Warrant Stock represented hereby shall commence on the Issuance Date and shall expire at 5:00 p.m., eastern daylight savings time, on the Expiration Date (such period being the "Term"). The purchase rights represented by this Warrant may be exercised in whole at any time and from time to time during the Term. Rights to purchase shares under this Warrant shall expire and may not be exercised after at 5:00 p.m., eastern daylight savings time, on Expiration Date.
Exercisability; Expiration. The Option shall not be exercisable until the Applicable Date as determined in accordance with the Partnership Agreement, except that if the Applicable Date is accelerated (other than pursuant to Section 7.02(b) of the Partnership Agreement) by the General Partner in accordance with Section 7.01(a) of the Partnership Agreement, the Option shall not be exercisable until the later of (i) December 10, 1994 and (ii) the date to which the Applicable Date is accelerated by the General Partner in accordance with Section 7.01(a) of the Partnership Agreement. The Option shall be exercisable on and after any date to which the Applicable Date is accelerated under Section 7.02(b) of the Partnership Agreement as a result of a Change in Control and the declaration of the Operative Date (as such terms are defined in the Partnership Agreement) or as a result of the commencement of a tender offer described in Section 7.02(b)(ii) of the Partnership Agreement. Unless previously exercised in full, the Option shall expire at the close of business on the first to occur of the following:
Exercisability; Expiration. (a) This Warrant shall become exercisable as to one-half (1/2) of the shares subject to this Warrant (the "First Tranche Shares") upon the earlier to -------------------- occur of (i) the closing of a "Sale of the Company" (as defined below) wherein the consideration per share received by the Company as measured on a "Fully- Diluted Basis" (as defined below) is less than the "Trigger Price" (as defined below), and (ii) 24 months following the date of the Closing (as defined in the Agreement).
