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

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Except as otherwise provided herein, the Rights shall become ------ exercisable on the Distribution Date, and thereafter the registered holder of any Right Certificate may, subject to Section 11(a)(ii) hereof and except as otherwise provided herein, exercise the Rights evidenced thereby in whole or in part 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 office or agency of the Rights Agent designated for such purpose, together with payment of the Purchase Price for the Units as to which the Rights are exercised, at any time which is both after the Distribution Date and prior to the earliest of (i) the close of business on April 8, 2007 (the "Final ----- Expiration Date"), (ii) the time at which the Rights are redeemed as provided in --------------- Section 23 hereof (the "Redemption Date"), (iii) the time at which such Rights --------------- are exchanged as provided in Section 24 hereof and (iv) immediately prior to the Effective Time of the Merger (as defined in the Agreement and Plan of Conversion).

Appears in 2 contracts

Samples: Rights Agreement (Borden Chemicals & Plastics Limited Partnership /De/), Rights Agreement (Borden Chemicals & Plastics Limited Partnership /De/)

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Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Except as otherwise provided hereinSubject to Section 7(e) hereof, the Rights shall become ------ exercisable on the Distribution Date, and thereafter the registered holder of any Right ------ Certificate may, subject to Section 11(a)(ii) hereof and may exercise the Rights evidenced thereby (except as otherwise provided herein, exercise the Rights evidenced thereby ) 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 and certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office or agency of the Rights Agent designated for such purposein New York, New York, together with payment of the Purchase Price for the Units each one one-thousandth of a share of Preferred Stock as to which the Rights are exercised, at any time which is both after the Distribution Date and or prior to the earliest of (i) the close Close of business Business on April 8November 18, 2007 2006 (the "Final ----- - Expiration Date"), (ii) the time at which the Rights are redeemed as provided in --------------- -- Section 23 hereof (the "Redemption Date")hereof, (iii) the time at which such the Rights --------------- are exchanged as provided --- in Section 24 hereof and 23A hereof, or (iv) immediately prior the time at which the Rights expire pursuant to -- Section 13(d) hereof (the Effective Time earliest of such times being herein referred to as the Merger (as defined in the Agreement and Plan of Conversion"Expiration Date").

Appears in 2 contracts

Samples: Rights Agreement (Guarantee Life Companies Inc), Rights Agreement (Guarantee Life Companies Inc)

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. ------ (a) Except as otherwise provided hereinSubject to Section 7(e) hereof, the Rights shall become ------ exercisable on the Distribution Date, and thereafter the registered holder of any Right Certificate may, subject to Section 11(a)(ii) hereof and may exercise the Rights evidenced thereby (except as otherwise provided herein, exercise the Rights evidenced thereby ) 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 office or agency of the Rights Agent designated for such purpose, together with payment of the Purchase Price with respect to each surrendered Right for the Units total number of Preferred Shares (or other securities or property, as the case may be) as to which the Rights are exercised, at any time which is both after the Distribution Date and or prior to the earliest of (i) the close of business on April 8December 1, 2007 (the "Final ----- Expiration Date"), (ii) the time at which the Rights are redeemed as provided in --------------- Section 23 hereof (the "Redemption Date"), ) (the earlier of (i) and (ii) being herein referred to as the "Expiration Date") and (iii) the time at which such Rights --------------- are exchanged as provided in Section 24 hereof and (iv) immediately prior to the Effective Time of the Merger (as defined in the Agreement and Plan of Conversion)hereof.

Appears in 2 contracts

Samples: Rights Agreement (Pacific Gateway Exchange Inc), Rights Agreement (Pacific Gateway Exchange Inc)

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Except as otherwise provided herein, the Rights shall become ------ exercisable on the Distribution Date, and thereafter the registered holder of any Right Certificate may, subject to Section 11(a)(ii) hereof and except as otherwise provided herein, exercise the Rights evidenced thereby in whole or in part 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 office or agency of the Rights Agent designated for such purpose, together with payment of the Purchase Price for the Units each one one-hundredth of a share of Preferred Stock as to which the Rights are exercised, at any time which is both after the Distribution Date and prior to the earliest of (i) the close of business on April 8March 6, 2007 2006 (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 and (iv) immediately prior to the Effective Time of the Merger (as defined in the Agreement and Plan of Conversion)hereof.

Appears in 2 contracts

Samples: Rights Agreement (Agl Resources Inc), Rights Agreement (Agl Resources Inc)

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Except as otherwise provided hereinSubject to Section 7(e) hereof, the Rights shall become ------ exercisable on the Distribution Date, and thereafter the registered holder of any Right ------ Certificate may, subject to Section 11(a)(ii) hereof and may exercise the Rights evidenced thereby (except as otherwise provided herein, exercise the Rights evidenced thereby ) 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 and the certificate on the reverse side thereof duly executed, to the Rights Agent at the office or agency offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price for the Units total number of one one-thousandths of a Preferred Share (or other securities, as the case may be) as to which the such surrendered Rights are exercised, at any time which is both after the Distribution Date and or prior to the earliest of (i) the close Close of business Business on April 8October 31, 2007 2008 (the "Final ----- Expiration ---------------- Date"), (ii) the time at which the Rights are redeemed as provided in --------------- Section 23 ---- hereof (the "Redemption Date"), ; (iii) the time at which such the Rights --------------- are exchanged --------------- as provided in Section 24 hereof and hereof, or (iv) immediately prior to the Effective Time consummation of the Merger (as defined in the Agreement and Plan of Conversion)a transaction contemplated by Section 13(d) hereof.

Appears in 2 contracts

Samples: Rights Agreement (Northrop Grumman Corp), Rights Agreement (Northrop Grumman Corp)

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Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. (a) Except as otherwise provided herein, the Rights shall become ------ exercisable on the Distribution Date, and thereafter the registered holder of any Right Certificate may, subject to Section 11(a)(ii) hereof and except as otherwise provided herein, exercise the Rights evidenced thereby in whole or in part 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 office or agency of the Rights Agent designated for such purpose, together with payment of the Purchase Price for the Units as to which the Rights are exercised, at any time which is both after the Distribution Date and prior to the earliest of (i) the close of business on April 8, 2007 (the "Final ----- Expiration Date"), (ii) the time at which the Rights are redeemed as ---------------------- provided in --------------- Section 23 hereof (the "Redemption Date"), (iii) the time at which --------------- such Rights --------------- are exchanged as provided in Section 24 hereof and (iv) immediately prior to the Effective Time of the Merger (as defined in the Agreement and Plan of Conversion).

Appears in 1 contract

Samples: Rights Agreement (Borden Chemicals & Plastics Limited Partnership /De/)

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights. ------- (a) Except as otherwise provided hereinSubject to Section 7(e) hereof, the Rights shall become ------ exercisable on the Distribution Date, and thereafter the registered holder of any Right Certificate may, subject to Section 11(a)(ii) hereof and may exercise the Rights evidenced thereby (except as otherwise provided herein, exercise the Rights evidenced thereby ) 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 and the certificate contained in the form of election to purchase on the reverse side thereof of the Right Certificate duly executed, to the Rights Agent at the office or agency principal offices of the Rights Agent designated for such purposeAgent, together with payment of the Purchase Price for each one one-hundredth of a Preferred Share (or other shares, securities or property, as the Units case may be) as to which the Rights are exercised, at any time which is both after the Distribution Date and or prior to the earliest earlier of (i) the close of business on April 8March 28, 2007 1999 (the "Final ----- Expiration Date"), or (ii) the time at which the Rights are redeemed as provided in --------------- Section 23 hereof (the "Redemption Date"), (iii) the time at which such Rights --------------- are exchanged as provided in Section 24 hereof and (iv) immediately prior to the Effective Time of the Merger (as defined in the Agreement and Plan of Conversion).

Appears in 1 contract

Samples: Rights Agreement (Genzyme Corp)

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