Common use of Issuance of Right Certificates Clause in Contracts

Issuance of Right Certificates. (a) Until the Close of Business on the day (the "DISTRIBUTION DATE") which is the earlier of (i) the tenth day after the Stock Acquisition Date or (ii) the tenth Business Day (or such later day as may be determined by action of the Board of Directors taken prior to the Close of Business on such tenth Business Day and prior to such time as any Person becomes an Acquiring Person) following the commencement by any Person (other than an Exempt Person) of, or the first public announcement of the intent of any Person (other than an Exempt Person) to commence, a tender or exchange offer upon the successful consummation of which such Person would be the Beneficial Owner of 20% or more of the outstanding Common Stock (irrespective of whether any shares are actually purchased pursuant to any such offer),

Appears in 1 contract

Samples: Rights Agreement (New Visual Entertainment Inc)

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Issuance of Right Certificates. (a) Until the Close of Business on the day (the "DISTRIBUTION DATE") which is the earlier ofEARLIER OF (i) the tenth day after the Stock Acquisition Date or (ii) the tenth Business Day (or such later day as may be determined by action of the Board of Directors taken prior to the Close of Business on such tenth Business Day and prior to such time as any Person becomes an Acquiring Person) following the commencement by any Person (other than an Exempt Person) of, or the first public announcement of the intent of any Person (other than an Exempt Person) to commence, a tender or exchange offer upon the successful consummation of which such Person would be the Beneficial Owner of 2015% or more of the outstanding Common Stock (irrespective Stock(irrespective of whether any shares are actually purchased pursuant to any such offer),

Appears in 1 contract

Samples: Rights Agreement (Compumed Inc)

Issuance of Right Certificates. (a) Until the Close of Business on the day (the "DISTRIBUTION DATE") which is the earlier ofEARLIER OF (i) the tenth day after the Stock Acquisition Date or (ii) the tenth Business Day (or such later day as may be determined by action of the Board of Directors taken prior to the Close of Business on such tenth Business Day and prior to such time as any Person becomes an Acquiring Person) following the commencement by any Person (other than an Exempt Person) of, or the first public announcement of the intent of any Person (other than an Exempt Person) to commence, a tender or exchange offer upon the successful consummation of which such Person would be the Beneficial Owner of 2035% or more of the outstanding Common Stock (irrespective Stock(irrespective of whether any shares are actually purchased pursuant to any such offer),

Appears in 1 contract

Samples: Rights Agreement (Compumed Inc)

Issuance of Right Certificates. (a) Until the Close of Business on the day (the "DISTRIBUTION DATE") which is the earlier ofEARLIER OF (i) the tenth day after the Stock Acquisition Date or (ii) the tenth Business Day (or such later day as may be determined by action of the Board of Directors taken prior to the Close of Business on such tenth Business Day and prior to such time as any Person becomes an Acquiring Person) following the commencement by any Person (other than an Exempt Person) of, or the first public announcement of the intent of any Person (other than an Exempt Person) to commence, a tender or exchange offer upon the successful consummation of which such Person would be the Beneficial Owner of 20% or more of the outstanding Common Stock (irrespective of whether any shares are actually purchased pursuant to any such offer),

Appears in 1 contract

Samples: Rights Agreement (Billserv Com Inc)

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Issuance of Right Certificates. (a) Until the Close of Business on the day (the "DISTRIBUTION DATE") which is the earlier ofEARLIER OF (i) the tenth day after the Stock Acquisition Date or (ii) the tenth Business Day (or such later day as may be determined by action of the Board of Directors taken prior to the Close of Business on such tenth Business Day and prior to such time as any Person becomes an Acquiring Person) following the commencement by any Person (other than an Exempt Person) of, or the first public announcement of the intent of any Person (other than an Exempt Person) to commence, a tender or exchange offer upon the successful consummation of which such Person would be the Beneficial Owner of 20% or more of the outstanding Common Stock (irrespective Stock(irrespective of whether any shares are actually purchased pursuant to any such offer),

Appears in 1 contract

Samples: Rights Agreement (Payment Data Systems Inc)

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