Common use of Redemption of Rights Clause in Contracts

Redemption of Rights. At any time prior to the first public announcement that a person or group has become the beneficial owner of 15% or more of the outstanding Voting Shares, the Board of Directors of the Company may redeem all but not less than all the then outstanding Rights at a price of $0.01 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 3 contracts

Samples: Rights Agreement (Ico Inc), 4 Rights Agreement (Ico Inc), Rights Agreement (Marine Drilling Companies Inc)

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Redemption of Rights. At any time prior to the first public announcement that a person Person or group has become the beneficial owner of 15% or more of the outstanding Voting Shares, the Board of Directors of the Company may redeem all all, but not less than all all, of the then outstanding Rights at a price of $0.01 per Right (the "Redemption PriceREDEMPTION PRICE"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 2 contracts

Samples: Rights Agreement (Cornell Corrections Inc), Rights Agreement (Cornell Corrections Inc)

Redemption of Rights. At any time prior to the first public announcement that a person Person or group has become the beneficial owner of 1525% or more of the outstanding Voting Shares, the Board of Directors of the Company may redeem all all, but not less than all all, of the then outstanding Rights at a price of $0.01 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 2 contracts

Samples: Rights Agreement (Garden Ridge Corp), Rights Agreement (Garden Ridge Corp)

Redemption of Rights. At any time prior to the tenth business day after the first public announcement that a person or group has become the beneficial owner of 15% or more of the outstanding Voting Shares, the Board of Directors of the Company may redeem all all, but not less than all all, the then outstanding Rights at a price of $0.01 .01 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 2 contracts

Samples: Rights Agreement (Pharmaceutical Marketing Services Inc), Rights Agreement (Pharmaceutical Marketing Services Inc)

Redemption of Rights. At any time prior to the first public announcement that a person or group has become the beneficial owner of 15% or more Voting Shares in excess of the outstanding Voting SharesOwnership Limit, the Board of Directors of the Company (including at least a majority of the Continuing Directors) may redeem all but not less than all the then outstanding Rights at a price of $0.01 0.001 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Meridian Industrial Trust Inc)

Redemption of Rights. At any time prior to the first public announcement -------------------- that a person or group has become the beneficial owner of 15% or more of the outstanding Voting Shares, the Board of Directors of the Company may redeem all but not less than all the then outstanding Rights at a price of $0.01 0.001 per Right (the "Redemption PriceREDEMPTION PRICE"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Concentra Managed Care Inc)

Redemption of Rights. At any time prior to the first public announcement that a person or group has become the beneficial owner of 1520% or more of the outstanding Voting Shares, the Board of Directors of the Company may redeem all but not less than all the then outstanding Rights at a price of $0.01 .01 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Newfield Exploration Co /De/)

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Redemption of Rights. At any time prior to the first public announcement that a person Person or group has become the beneficial owner of 15% or more of the outstanding Voting Shares, the Board of Directors of the Company may redeem all all, but not less than all all, of the then outstanding Rights at a price of $0.01 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Garden Ridge Corp)

Redemption of Rights. At any time prior to the first public announcement that a person or group has become the beneficial owner of 15% or more of the outstanding Voting Shares, the Board of Directors of the Company may redeem all but not less than all the then outstanding Rights at a price of $0.01 .01 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Stone Energy Corp)

Redemption of Rights. At any time prior to the first public announcement that a person or group has become the beneficial owner of 15% or more of the outstanding Voting Shares, the Board of Directors of the Company may redeem all but not less than all the then outstanding Rights at a price of $0.01 0.001 per Right (the "Redemption PriceREDEMPTION PRICE"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon the action of the Board of Directors ordering redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Concentra Managed Care Inc)

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