Common use of Right to Purchase Common Shares of the Company Clause in Contracts

Right to Purchase Common Shares of the Company. From and after the ---------------------------------------------- close of business on the tenth business day following the 15% Ownership Date, each Right (other than a Right that has become void) shall be exercisable to purchase, at the Exercise Price (initially $40), Common Shares with a market value equal to two times the Exercise Price. If the Company does not have sufficient Common Shares available for all Rights to be exercised, the Company shall substitute for all or any portion of the Common Shares that would otherwise be issuable upon the exercise of the Rights, cash, assets or other securities having the same aggregate value as such Common Shares.

Appears in 1 contract

Samples: Rights Agreement (Standard Pacific Corp /De/)

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Right to Purchase Common Shares of the Company. From and after the ---------------------------------------------- close of business on the tenth business day following the 1520% Ownership Date, each Right (other than a Right that has become void) shall be exercisable to purchase, at the Exercise Price (initially $4040.00), Common Shares with a market value equal to two times the Exercise Price. If the Company does not have sufficient Common Shares available for all Rights to be exercised, the Company shall substitute for all or any portion of the Common Shares that would otherwise be issuable upon the exercise of the Rights, cash, assets or other securities having the same aggregate value as such Common Shares.

Appears in 1 contract

Samples: Rights Agreement (Virco MFG Corporation)

Right to Purchase Common Shares of the Company. From and after ---------------------------------------------- the ---------------------------------------------- close of business on the tenth business day following the 15% Ownership Acquisition Date, each Right (other than a Right that has become void) shall will be exercisable to purchase, at the Exercise Price (initially $4010.00), Common Shares with a market value equal to two times the Exercise Price. If the Company does not have sufficient Common Shares available for all Rights to be exercised, the Company shall is to substitute for all or any portion of the Common Shares that would otherwise be issuable upon the exercise of the Rights, cash, assets or other securities having the same aggregate value as such Common Shares.

Appears in 1 contract

Samples: Rights Agreement (Sizzler International Inc)

Right to Purchase Common Shares of the Company. From and after the ---------------------------------------------- close of business on the tenth business day following the 15% Ownership Date, each Right (other than a Right that has become void) shall be exercisable to purchase, at the Exercise Price (initially $4015.00), Common Shares with a market value equal to two four times the Exercise Price. If the Company does not have sufficient Common Shares available for all Rights to be exercised, the Company shall substitute for all or any portion of the Common Shares that would otherwise be issuable upon the exercise of the Rights, cash, assets or other securities having the same aggregate value as such Common Shares.

Appears in 1 contract

Samples: Rights Agreement (Giga Tronics Inc)

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Right to Purchase Common Shares of the Company. From and after the ---------------------------------------------- close of business on the tenth business day following the 15% Ownership Date, each Right (other than a Right that has become void) shall be exercisable to purchase, at the Exercise Price (initially $4035.00), Common Shares with a market value equal to two times the Exercise Price. If the Company does not have sufficient Common Shares available for all Rights to be exercised, the Company shall substitute for all or any portion of the Common Shares that would otherwise be issuable upon the exercise of the Rights, cash, assets or other securities having the same aggregate value as such Common Shares.

Appears in 1 contract

Samples: Rights Agreement (Globespanvirata Inc)

Right to Purchase Common Shares of the Company. From and after the ---------------------------------------------- close of business on the tenth business day following the 15% Ownership Date, each Right (other than a Right that has become void) shall be exercisable to purchase, at the Exercise Price (initially $40250.00), Common Shares with a market value equal to two times the Exercise Price. If the Company does not have sufficient Common Shares available for all Rights to be exercised, the Company shall substitute for all or any portion of the Common Shares that would otherwise be issuable upon the exercise of the Rights, cash, assets or other securities having the same aggregate value as such Common Shares.

Appears in 1 contract

Samples: Rights Agreement (Minimed Inc)

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