Common use of Right to Purchase Company Stock Clause in Contracts

Right to Purchase Company Stock. After the Distribution Date and after the Company's redemption right has expired, each holder of a Right (except those held by the Acquiring Person and its affiliates and associates) will have the right to purchase, upon exercise, that number of Common Shares (or, in certain circumstances, Preferred Share Units or other similar securities of the Company in lieu of such Common Shares) having a market value of two times the exercise price of the Right, subject to the availability of a sufficient number of authorized but unissued Common Shares (such right being called the "Subscription Right"). The Subscription Right will be exercisable for a 60-day period after the effective date of a registration statement under the Securities Act of 1933, as amended, covering the Common Shares (or Preferred Share Units or other securities).

Right to Purchase Company Stock. After the Distribution Date and after the Company's redemption right has expired, each holder of a Right (except those held by the Acquiring Person and its affiliates and associates) will have the right to purchase, upon exercise, that number of Common Shares (or, in certain circumstances, Preferred Share Units or other similar securities of the Company in lieu of such Common SharesCompany) having a market value of two times the exercise price of the Right, in lieu of such Common Shares, subject to the availability of a sufficient number of authorized but unissued Common Shares (such right being called the "Subscription Right"). The Subscription Right will be exercisable for a 60-day period after the effective date of a registration statement under the Securities Act of 1933, as amended, covering the Common Shares (or Preferred Share Units or other securities)Shares.