Common use of Exercise of Rights for Common Stock of the Company Clause in Contracts

Exercise of Rights for Common Stock of the Company. Subject to redemption or exchange of the Rights, at any time any Person, alone or together with its Affiliates or Associates, becomes an Acquiring Person (other than pursuant to a Permitted Offer), each holder of a Right will thereafter have the right to receive, upon exercise, the number of shares of Common Stock (or, in certain circumstances, cash, property or other securities of the Company) equal to the result obtained by dividing the then current Purchase Price per Right by one-half of the then current market price, calculated pursuant to Section 11(a)(ii) of the Rights Agreement. Notwithstanding any of the foregoing, following the occurrence of such event set forth in this paragraph, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person will be null and void.