Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 6 contracts
Samples: Rights Agreement (Borealis Technology Corp), Rights Agreement (Eltron International Inc), Rights Agreement (Impac Mortgage Holdings Inc)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation Company may, at its option, redeem all but not less than all of the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), ) at any time before prior to the earlier of (xA) the occurrence of a Section 11(a)(ii) Event, Event or (yB) the Final Expiration Date. The Corporation , and the Company may, at its option, pay the Redemption Price either in Common Shares Stock (based on the "current per share market price," , as defined in Section 11(d) hereof, of the Common Shares Stock at the time of redemption) or cash; provided provided, however, that if the Corporation Company elects to pay the Redemption Price in Common SharesStock, the Corporation Company shall not be required to issue any fractional Common Shares Stock and the number of Common Shares Stock issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 4 contracts
Samples: Burlington (Burlington Resources Inc), Shareholder Rights Agreement (El Paso Energy Corp/De), Shareholder Rights Agreement (El Paso Energy Corp/De)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all all, but not less than all all, of the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (xA) the occurrence of a Section 11(a)(ii) Event, Event or (yB) the Final Expiration Date. The Corporation , and the Company may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," ", as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided provided, however, that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares Shares, and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 4 contracts
Samples: Rights Agreement (Commscope Inc), Rights Agreement (Commscope Inc), Rights Agreement (Nextlevel Systems Inc)
Redemption and Termination. (a) (i) The Board of Disinterested Directors of the Corporation may, at its their option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares Share at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 3 contracts
Samples: Rights Agreement This Agreement (Waterlink Inc), Rights Agreement (Waterlink Inc), Rights Agreement This Agreement (Waterlink Inc)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 0.005 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "“Redemption Price"”), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The , and the Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," , as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided provided, however, that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 3 contracts
Samples: Rights Agreement (Oneok Inc /New/), Rights Agreement (Oneok Inc /New/), Rights Agreement (Oneok Inc /New/)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption PriceREDEMPTION PRICE"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The , and the Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided PROVIDED, HOWEVER, that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 2 contracts
Samples: Rights Agreement (Puroflow Inc), Rights Agreement (Puroflow Inc)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all all, but not less than all all, the then outstanding Rights at a redemption price of $.0001 0.001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"“RedemptionPrice”), at any time before prior to the earlier of (xA) the occurrence of a Section 11(a)(ii) Event, or (yB) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in Common Shares (based on the "“current per share market price," ” as defined in Section 11(d11(d)(i) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 2 contracts
Samples: Rights Agreement (Hawk Corp), Rights Agreement (Hawk Corp)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 0.01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption PriceREDEMPTION PRICE"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares Share at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 2 contracts
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The , and the Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided provided, however, that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.any
Appears in 2 contracts
Samples: Rights Agreement Rights Agreement (Family Bargain Corp), Rights Agreement Rights Agreement (Family Bargain Corp)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation Company may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event11(a)(ii)Event, or (y) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 2 contracts
Samples: Rights Agreement (Old Republic International Corp), Rights Agreement (Old Republic International Corp)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares Share at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 2 contracts
Samples: Rights Agreement (Vion Pharmaceuticals Inc), Rights Agreement (Vion Pharmaceuticals Inc)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii11 (a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares Shares, (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down up to the next whole share.
Appears in 2 contracts
Samples: Rights Agreement (Crown Laboratories Inc /De/), Rights Agreement (Crown Laboratories Inc /De/)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) or the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) 11 hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 2 contracts
Samples: Rights Agreement (Point 360), Rights Agreement (Point 360)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (xA) the occurrence of a Section 11(a)(ii) Event, or (yB) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided provided, that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 2 contracts
Samples: Rights Agreement (Home Stake Oil & Gas Co), Rights Agreement (Vintage Petroleum Inc)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation Company may, at its option, redeem all but not less than all of the then outstanding Rights at a redemption price of $.0001 .001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), ) at any time before prior to the earlier of (xA) the occurrence of a Section 11(a)(ii) Event, Event or (yB) the Final Expiration Date. The Corporation , and the Company may, at its option, pay the Redemption Price either in Common Shares Stock (based on the "current per share market price," , as defined in Section 11(d) hereof, of the Common Shares Stock at the time of redemption) or cash; provided provided, however, that if the Corporation Company elects to pay the Redemption Price in Common SharesStock, the Corporation Company shall not be required to issue any fractional Common Shares Stock and the number of Common Shares Stock issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 2 contracts
Samples: Stockholder Rights Agreement (Theglobe Com Inc), Shareholder Rights Agreement (Theglobe Com Inc)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 0.005 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The , and the Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," , as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided provided, however, that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 2 contracts
Samples: Rights Agreement (Westar Energy Inc /Ks), Rights Agreement (Westar Industries Inc)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation Company may, at its option, at any time prior to the earlier of (x) the time that any person becomes an Acquiring Person or (y) 5:00 P.M., Boston time, on the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before and the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in Common Shares Stock (based on the "current per share market price," , as defined in Section 11(d) hereof, of the Common Shares Stock at the time of redemption) or cash; provided provided, however, that if the Corporation Company elects to pay the Redemption Price in Common SharesStock, the Corporation Company shall not be required to issue any fractional Common Shares Stock and the number of Common Shares Stock issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Samples: Shareholder Rights Agreement (El Paso Natural Gas Co)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "“Redemption Price"”), at any time before the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) or the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "“current per share market price," ” as defined in Section 11(d) 11 hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Samples: Rights Agreement (New 360)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation Company may, at its option, at any time prior to the earlier of (x) the time that any person becomes an Acquiring Person, or (y) the Final Expiration Date, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption PriceREDEMPTION PRICE"), at any time before ) and the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Samples: Rights Agreement (Gleason Corp /De/)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation Company may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .05 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event11(a)(ii)Event, or (y) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Redemption and Termination. (a) (i) The Board of Directors of the Corporation (provided such approval also includes the approval of a majority of Disinterested Directors), may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares Shares, (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down up to the next whole share.
Appears in 1 contract
Redemption and Termination. (a) (i) The Board of Directors of the Corporation Company may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the ---------------- occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d11(d)(i) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Samples: Rights Agreement (Tandy Corp /De/)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all all, but not less than all all, of the then outstanding Rights at a redemption price of $.0001 0.01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption PriceREDEMPTION PRICE"), at any time before prior to the earlier of (xA) the occurrence of a Section 11(a)(ii) Event, Event or (yB) the Final Expiration Date. The Corporation , and the Company may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," ", as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided provided, however, that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares Shares, and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Samples: Rights Agreement (Department 56 Inc)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 0.01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (xA) the occurrence of a Section 11(a)(ii) Event, or (yB) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided provided, that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Redemption and Termination. (a) (i) The Board of Directors of the Corporation Company may, at its option, at any time prior to the earlier of (x) the Stock Acquisition Date or (y) 5:00 P.M. (Chicago time) on the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in shares of Common Shares Stock (based on the "current per share market price," per share, as defined in Section 11(d11(d)(i) hereof, of the shares of Common Shares Stock at the time of redemption) or cash; provided that if the Corporation Company elects to pay the Redemption Price in shares of Common SharesStock, the Corporation Company shall not be required to issue any fractional shares of Common Shares Stock and the number of shares of Common Shares Stock issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Redemption and Termination. (a) (ia)(i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 0.01 (one cent) per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, Person becoming an Acquiring Person or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares Share at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) 10 days after the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares Share at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii11 (a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares Shares, (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Redemption and Termination. (a) (i) The Subject to Section 23(a)(iii), the Board of Directors of the Corporation may, at its option, redeem all all, but not less than all all, the then outstanding Rights at a redemption price of $.0001 0.001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (xA) the occurrence of a Section 11(a)(ii) Event, or (yB) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d11(d)(i) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
Appears in 1 contract
Samples: Form of Rights Agreement (Hawk Corp)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares Share at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number in lieu of any such fractional Common Shares issuable to each holder shall pay in cash the market value of such fractional Common Shares. The redemption of the Rights shall may be rounded down to made effective as such time, on such basis and with such conditions as the next whole shareBoard of Directors in its sole discretion may establish.
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Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption PriceREDEMPTION PRICE"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares Share at the time of redemption) or cash; provided PROVIDED that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
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Redemption and Termination. (a) (ia)(i) The Board of Directors of the Corporation Company may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "“Redemption Price"”), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in Common Shares (based on the "“current per share market price," ” as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
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Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 0.01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "“Redemption Price"”), at any time before prior to the earlier of (xA) the occurrence of a Section 11(a)(ii) Event, or (yB) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "“current per share market price," ” as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided provided, that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
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Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption PriceREDEMPTION PRICE"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares Share at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
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Samples: Realnetworks Inc
Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 .001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
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Samples: Rights Agreement (Western Water Co)
Redemption and Termination. (a) (i) The Board of Directors of the Corporation Company may, at its option, redeem all but not less than all of the then outstanding Rights at a redemption price of $.0001 .01 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before prior to the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation Company may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation Company elects to pay the Redemption Price in Common Shares, the Corporation Company shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
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Redemption and Termination. (a) (i) The Board of Directors of the Corporation may, at its option, redeem all but not less than all the then outstanding Rights at a redemption price of $.0001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), at any time before the earlier of (x) the occurrence of a Section 11(a)(ii) Event, or (y) the Final Expiration Date. The Corporation may, at its option, pay the Redemption Price either in Common Shares (based on the "current per share market price," as defined in Section 11(d) 11 hereof, of the Common Shares at the time of redemption) or cash; provided that if the Corporation elects to pay the Redemption Price in Common Shares, the Corporation shall not be required to issue any fractional Common Shares and the number of Common Shares issuable to each holder of Rights shall be rounded down to the next whole share.
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Samples: Rights Agreement (Movie Gallery Inc)