Common use of Flip-In Clause in Contracts

Flip-In. If an acquirer (an “Acquiring Person”) obtains 20% or more of the Company’s Common Stock then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of the Company’s Common Stock having a then current market value of twice the Exercise Price.

Flip-In. If an acquirer acquiror (an “"Acquiring Person”") obtains 20% or more of the Company’s 's Common Stock (other than pursuant to a tender offer deemed fair by the Board of Directors (a "Permitted Offer")), then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Priceexercise price, a number of shares of the Company’s 's Common Stock having a then current market value of twice the Exercise Priceexercise price.

Flip-In. If an acquirer (an “Acquiring Person”) obtains 2015% or more of the Company’s Common Stock (or with respect to Xxxxx, Xxxxx fails to comply with the Applicable Limitations), then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of the Company’s Common Stock having a then then-current market value of twice the Exercise Price.

Flip-In. If a person becomes an acquirer (an “Acquiring Person”) obtains 20% or more of the Company’s Common Stock , then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of the Company’s Common Stock having a then then-current market value of twice the Exercise Price.

Flip-In. If an acquirer (an “"Acquiring Person”) ," as defined in the Rights Agreement, obtains 2015% or more of the Company’s 's Common Stock Stock, then each Right (other than Rights owned by an Acquiring Person or its affiliates) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of the Company’s 's Common Stock having a then then- current market value of twice the Exercise Price.