Common use of Right to Beneficially Acquire Clause in Contracts

Right to Beneficially Acquire. A person is deemed to be the beneficial owner of a security if he has the right to acquire beneficial ownership of such security at any time within 60 days (including, without limitation, through the exercise of any option, warrant or right; through the conversion of a security; pursuant to the power to revoke a trust, discretionary account, or similar arrangement; or pursuant to the automatic termination of a trust, discretionary account or similar arrangement).