Common use of Exercise of Rights; Purchase Price; Expiration Date Clause in Contracts

Exercise of Rights; Purchase Price; Expiration Date. (a) The registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase on the reverse side thereof duly executed, to the Rights Agent at the designated office of the Rights Agent, together with payment of the Purchase Price for each one one-hundredth interest in a Preferred Share as to which the Rights are exercised, at or prior to the earliest of (i) the Close of May 1, 2008 (the "Final Expiration Date"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the "Redemption Date") or (iii) the time at which such Rights are exchanged as provided in Section 24 hereof. The Company shall provide the Rights Agent with a prompt written notice of the occurrence of any of the events provided for in this Section 7(a).

Appears in 2 contracts

Samples: Rights Agreement (Dime Community Bancorp Inc), Rights Agreement (Dime Community Bancorp Inc)

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Exercise of Rights; Purchase Price; Expiration Date. (a) The registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase on the reverse side thereof duly executed, to the Rights Agent at the designated office of the Rights Agent, pursuant to Section 26, together with payment of the Purchase Price for each one one-hundredth (1/100) interest in a share of Preferred Share Stock as to which the Rights are exercised, at or prior to the earliest of (i) the Close of May 1Business on September 11, 2008 2010 (the "Final Expiration DateFINAL EXPIRATION DATE"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the "Redemption DateREDEMPTION DATE") or (iii) the time at which such Rights are exchanged as provided in Section 24 hereof. The Company Corporation shall provide the Rights Agent with a prompt written notice of the occurrence of any of the events provided for in this Section 7(a).

Appears in 1 contract

Samples: Rights Agreement (Graham Corp)

Exercise of Rights; Purchase Price; Expiration Date. (a) The registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase on the reverse side thereof duly executed, to the Rights Agent at the designated office of the Rights Agent, together with payment of the Purchase Price for each one one-hundredth interest in a Preferred Share as to which the Rights are exercised, at or prior to the earliest of (i) the Close of May Business on November 1, 2008 2010 (the "Final Expiration Date"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the "Redemption Date") or (iii) the time at which such Rights are exchanged as provided in Section 24 hereof. The Company shall provide the Rights Agent with a prompt written notice of the occurrence of any of the events provided for in this Section 7(a).

Appears in 1 contract

Samples: Rights Agreement (Warwick Community Bancorp Inc)

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Exercise of Rights; Purchase Price; Expiration Date. (a) The registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase on the reverse side thereof duly executed, to the Rights Agent at the designated office of the Rights Agent, together with payment of the Purchase Price for each one one-hundredth interest in a Preferred Share as to which the Rights are exercised, at or prior to the earliest of (i) the Close of May Business on January 1, 2008 2012 (the "Final Expiration Date"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the "Redemption Date") or (iii) the time at which such Rights are exchanged as provided in Section 24 hereof. The Company shall provide the Rights Agent with a prompt written notice of the occurrence of any of the events provided for in this Section 7(a).

Appears in 1 contract

Samples: Rights Agreement (First Sentinel Bancorp Inc)

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