Common use of Issue of Rights and Right Certificates Clause in Contracts

Issue of Rights and Right Certificates. (a) The Company will issue (i) as of the Record Date, to each then holder of record of shares of Common Stock, Rights at the rate of one Right per share of such Common Stock and (ii) as of the date of issuance of any shares of Common Stock hereafter issued by the Company after the Record Date and before the earliest of the Distribution Date, the Redemption Date and the Final Expiration Date, to the first holder thereof, one Right per share of such Common Stock.