Common use of Over Trigger Clause in Contracts

Over Trigger. If, after an Acquiring Person obtains 10% (or 20% in the case of certain institutional investors who report their holdings on Schedule 13G) or more of the Common Shares, (i) the Company merges into another entity, (ii) an acquiring entity merges into the Company or (iii) the Company sells or transfers more than 50% of its assets, cash flow or earning power, then each Right (except for Rights that have previously been voided as set forth above) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of common stock of the person engaging in the transaction having a then-current market value of twice the Exercise Price.

Appears in 2 contracts

Samples: Preferred Shares Rights Agreement (E2open Inc), Preferred Shares Rights Agreement (Netflix Inc)

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Over Trigger. If, after an Acquiring Person obtains 10% fifteen percent (or 20% in the case of certain institutional investors who report their holdings on Schedule 13G15%) or more of the Common SharesStock, (i1) the Company merges into another entity, (ii2) an acquiring entity merges into the Company or (iii3) the Company sells or transfers more than 50% 50 percent of its assets, cash flow or earning power, then each Right (except for Rights that have previously been voided as set forth above) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of common stock of the person engaging in the transaction having a then-current market value of twice the Exercise Price.

Appears in 2 contracts

Samples: Preferred Stock Rights Agreement (HF Foods Group Inc.), Preferred Stock Rights Agreement (HF Foods Group Inc.)

Over Trigger. If, after an Acquiring Person obtains 104.9% (or 20% in the case of certain institutional investors who report their holdings on Schedule 13G) or more of the Common Shares, (i1) the Company merges into another entity, (ii2) an acquiring entity merges into the Company or (iii3) the Company sells or transfers more than 50% of its assets, cash flow or earning power, then each Right (except for Rights that have previously been voided as set forth above) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of common stock of the person engaging in the transaction having a then-current market value of twice the Exercise Price.

Appears in 1 contract

Samples: Tax Benefit Preservation Plan (Aviat Networks, Inc.)

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Over Trigger. If, after an Acquiring Person obtains 10% (or 20% in the case of certain institutional investors who report their holdings on Schedule 13G) 15 percent or more of the Common SharesStock, (i1) the Company merges into another entity, (ii2) an acquiring entity merges into the Company or (iii3) the Company sells or transfers more than 50% 50 percent of its assets, cash flow or earning power, then each Right (except for Rights that have previously been voided as set forth above) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of common stock of the person engaging in the transaction having a then-current market value of twice the Exercise Price.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (KBS Fashion Group LTD)

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