Extension Periods. Notwithstanding anything to the contrary contained in the Transaction Documents, if there exists a period (the "Section 16(b) Period") during which the Investor's purchase, sale, exercise, exchange or conversion of any Security pursuant to any Transaction Document would result in liability under Section 16(b) of the Exchange Act, as amended, or the rules and regulations promulgated thereunder, the period during which such Security may be purchased, sold, exercised, exchanged or converted, as the case may be, if prescribed by such Transaction Document, shall be extended for the equivalent number of days of such Section 16(b) Period (the "Extension Period"), with such Extension Period beginning on the later of (a) the expiration date of such Security, if any, or (b) the date of the end of such Section 16(b)
Appears in 3 contracts
Samples: Purchase Agreement (Jarden Corp), Investment Agreement (Warburg Pincus Equity Partners Lp), Investment Agreement (Dime Bancorp Inc)
Extension Periods. Notwithstanding anything to the contrary contained in the Transaction Documents, if there exists a period (the "“Section 16(b) Period"”) during which the Investor's ’s purchase, sale, exercise, exchange or conversion of any Security pursuant to any Transaction Document would result in liability under Section 16(b) of the Exchange Act, as amended, or the rules and regulations promulgated thereunder, the period during which such Security may be purchased, sold, exercised, exchanged or converted, as the case may be, if prescribed by such Transaction Document, shall be extended for the equivalent number of days of such Section 16(b) Period (the "“Extension Period"”), with such Extension Period beginning on the later of (a) the expiration date of such Security, if any, or (b) the date of the end of such Section 16(b)
Appears in 2 contracts
Samples: Investment Agreement (Mbia Inc), Investment Agreement (Webster Financial Corp)
Extension Periods. Notwithstanding anything to the contrary contained in the Transaction Documents, if there exists a period (the "“Section 16(b) Period"”) during which the Investor's ’s purchase, sale, exercise, exchange or conversion of any Security pursuant to any Transaction Document would result in liability under Section 16(b) of the Exchange Act, as amended, or the rules and regulations promulgated thereunder, the period during which such Security may be purchased, sold, exercised, exchanged or converted, as the case may be, if prescribed by such Transaction Document, shall be extended for the equivalent number of days of such Section 16(b) Period (the "“Extension Period"”), with such Extension Period beginning on the later of (a) the expiration date of such Security, if any, or (b) the date of the end of such Section 16(b)on
Appears in 1 contract
Samples: Investment Agreement (Mbia Inc)
Extension Periods. Notwithstanding anything to the contrary contained in the Transaction Documents, if there exists a period (the "“Section 16(b) Period"”) during which the any Investor's ’s purchase, sale, exercise, exchange or conversion of any Security pursuant to any Transaction Document would result in liability under Section 16(b) of the Exchange Act, as amended, or the rules and regulations promulgated thereunder, the period during which such Security may be purchased, sold, exercised, exchanged or converted, as the case may be, if prescribed by such Transaction Document, shall be extended for the equivalent number of days of such Section 16(b) Period (the "“Extension Period"”), with such Extension Period beginning on the later of (a) the expiration date of such Security, if any, or (b) the date of the end of such Section 16(b)) Period.
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