Common use of Redemption of Rights Clause in Contracts

Redemption of Rights. At any time prior to the time that a person or group has become an Acquiring Person, the Board of Directors of the Company may redeem all but not less than all the then outstanding Rights at a price of $0.00001 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 7 contracts

Samples: Rights Agreement (United Surgical Partners International Inc), Rights Agreement (Odyssey Healthcare Inc), Rights Agreement (Symbion Inc/Tn)

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Redemption of Rights. At any time prior to the time that before a person or group has become becomes an Acquiring Person, the Board of Directors of the Company Directors, may redeem all all, but not less than all all, of the then outstanding Rights at a price of $0.00001 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 2 contracts

Samples: Rights Agreement (Baldwin Piano & Organ Co /De/), Rights Agreement (Baldwin Piano & Organ Co /De/)

Redemption of Rights. At any time prior to the such time that a person or group has become as any Person becomes an Acquiring PersonPerson and for a period of 10 Business Days thereafter, the Board of Directors of the Company may redeem all the Rights in whole, but not less than all the then outstanding Rights in part, at a price of $0.00001 .001 per Right Right, subject to adjustment (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 of the Company ordering the redemption of the RightsRights (or at such later time as the Board of Directors may establish for the effectiveness of such redemption), the right to exercise the Rights will terminate and the only right of the holders of the Rights will be to receive the Redemption Price.

Appears in 2 contracts

Samples: Rights Agreement (Tasty Baking Co), Rights Agreement (Tasty Baking Co)

Redemption of Rights. At any time prior to the time that a person or -------------------- group has become an Acquiring Person, the Board of Directors of the Company may redeem all but not less than all the then outstanding Rights at a price of $0.00001 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 (Metasolv Inc)

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Redemption of Rights. At any time prior to the time that a person or group has become an Acquiring Person, the Board of Directors of the Company may redeem all but not less than all the then outstanding Rights at a price of $0.00001 0.0001 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 (Chase Industries Inc)

Redemption of Rights. At any time prior to the such time that a person or group has become as any Person becomes an Acquiring Person, the Board of Directors of the Company may redeem all the Rights in whole, but not less than all the then outstanding Rights in part, at a price of $0.00001 .005 per Right Right, subject to adjustment (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 of the Company ordering the redemption of the RightsRights (or at such later time as the Board of Directors may establish for the effectiveness of such redemption), the right to exercise the Rights will terminate and the only right of the holders of the Rights will be to receive the Redemption Price.

Appears in 1 contract

Samples: Rights Agreement (Primesource Corp)

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