Common use of Right to Purchase Preferred Shares Clause in Contracts

Right to Purchase Preferred Shares. From and after the close of business on the Distribution Date, each Right (other than a Right that has become void) shall be exercisable to purchase one one-thousandth of a share of Series A Preferred Stock, par value $.001 per share, of the Company (the "Preferred Shares"), at an exercise price of $162.00 (the "Purchase Price"). The Preferred Shares are nonredeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred stock, are subordinate to any other series of the Company's preferred stock whether issued before or after the issuance of the Preferred Shares. The Preferred Shares may not be issued except upon exercise of Rights. The holder of a Preferred Share is entitled to receive when, as, and if declared, the greater of (i) cash and non-cash dividends in an amount equal to 1,000 times the dividends declared on each share of Common Stock or (ii) a preferential annual dividend of $10.00 per Preferred Share ($.01 per one one-thousandth of a Preferred Share). In the event of liquidation, the holder of Preferred Shares shall be entitled to receive a liquidation payment in an amount equal to the greater of (1) $162,000 per Preferred Share ($162.00 per one one-thousandth of a Preferred Share), plus all accrued and unpaid dividends and distributions on the Preferred Shares or (2) an amount equal to 1,000 times the aggregate amount to be distributed per share of Common Stock. Each Preferred Share has 1,000 votes, voting together with the shares of Common Stock. In the event of any merger, consolidation, or other transaction in which shares of Common Stock are exchanged, the holder of a Preferred Share shall be entitled to receive 1,000 times the amount received per share of Common Stock. The rights of the Preferred Shares as to dividends, voting, and liquidation preferences are protected by antidilution provisions. It is anticipated that the value of one one-thousandth of a Preferred Share should approximate the value of one share of Common Stock.

Right to Purchase Preferred Shares. From and after the close of business on the Distribution Date, each Right (other than a Right that has become void) shall be exercisable to purchase one one-thousandth hundredth of a share of Series A B Junior Participating Cumulative Preferred Stock, no par value $.001 per sharevalue, of the Company (the "Preferred Shares"), at an exercise price of $162.00 80.00 (Eighty dollars) (the "Purchase Exercise Price"). Prior to the Distribution Date, the Company may substitute for all or any portion of the Preferred Shares that would otherwise be issuable upon exercise of the Rights, cash, assets or other securities having the same aggregate value as such Preferred Shares. The Preferred Shares are nonredeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred stock, are subordinate to any other series of the Company's preferred stock whether issued issue before or after the issuance of the Preferred Shares. The Preferred Shares may not be issued except upon exercise of Rights. The holder of a Preferred Share is entitled to receive when, as, as and if declared, the greater of (i) a preferential annual dividend of $1.00 per Preferred Share ($.01 per one one-hundredth of a Preferred Share); or (ii) cash and non-cash dividends in an amount equal to 1,000 100 times the dividends declared on each share of Common Stock or (ii) a preferential annual dividend of $10.00 per Preferred Share ($.01 per one one-thousandth of a Preferred Share). In the event of liquidation, the holder holders of Preferred Shares shall be entitled to receive a liquidation payment in an amount equal to the greater of (1) $162,000 1.00 per Preferred Share ($162.00 .01 per one one-thousandth hundredth of a Preferred Share), plus all accrued and unpaid dividends and distributions on the Preferred Shares Shares, or (2) an amount equal to 1,000 100 times the aggregate amount to be distributed per share of Common StockShare. Each Preferred Share has 1,000 100 votes, voting together with the shares of Common StockShares. In the event of any merger, consolidation, consolidation or other transaction in which shares of Common Stock Shares are exchanged, the holder of a Preferred Share shall be entitled to receive 1,000 100 times the amount received per share of Common StockShare. The rights of the Preferred Shares as to dividends, voting, voting and liquidation preferences are protected by antidilution provisions. It is anticipated that the value of one one-thousandth hundredth of a Preferred Share should approximate the value of one share of Common StockShare.

Right to Purchase Preferred Shares. From and after the close of business on the Distribution Date, each Right (other than a Right that has become void) shall be exercisable to purchase one one-thousandth hundredth of a share of Series A Junior Participating Cumulative Preferred Stock, par value $.001 1.00 per share, of the Company (the "Preferred Shares"), at an exercise price of $162.00 175 (the "Purchase Exercise Price"). Prior to the Distribution Date, the Company may substitute for all or any portion of the Preferred Shares that would otherwise be issuable upon exercise of the Rights, cash, assets or other securities having the same aggregate value as such Preferred Shares. The Preferred Shares are nonredeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred stock, are subordinate to any other series of the Company's preferred stock Stock, whether issued before or after the issuance of the Preferred Shares. The Preferred Shares may not be issued except upon exercise of Rights. The holder of a Preferred Share is entitled to receive when, as, as and if declared, the greater of (i) cash and non-cash dividends in an amount equal to 1,000 100 times the dividends declared on each share of Common Stock Share or (ii) a preferential annual dividend of $10.00 1.00 per Preferred Share ($.01 per one one-thousandth hundredth of a Preferred Share). In the event of liquidation, the holder holders of Preferred Shares shall be entitled to receive a liquidation payment in an amount equal to the greater of (1) $162,000 1.00 per Preferred Share ($162.00 .01 per one one-thousandth hundredth of a Preferred Share), plus all accrued and unpaid dividends and distributions on the Preferred Shares Shares, or (2) an amount equal to 1,000 100 times the aggregate amount to be distributed per share of Common StockShare. Each Preferred Share has 1,000 100 votes, voting together with the shares of Common StockShares. In the event of any merger, consolidation, consolidation or other transaction in which shares of Common Stock Shares are exchanged, the holder of a Preferred Share shall be entitled to receive 1,000 100 times the amount received per share of Common StockShare. The rights of the Preferred Shares as to dividends, voting, voting and liquidation preferences are protected by antidilution provisions. It is anticipated that the value of one one-thousandth hundredth of a Preferred Share should approximate the value of one share of Common StockShare.

Right to Purchase Preferred Shares. From and after the close of business on the Distribution Date, each Right (other than a Right that has become void) shall be exercisable to purchase one one-thousandth hundredth of a share of Series A Preferred Stock, par value $.001 1.00 per share, of the Company (the "Preferred Shares"), at an exercise price of $162.00 50.00) (the "Purchase Price"). The Preferred Shares are nonredeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred stock, are subordinate to any other series of the Companycompany's preferred stock whether issued before or after the issuance of the Preferred Shares. The Preferred Shares may not be issued except upon exercise of Rights. The holder of a Preferred Share is entitled to receive when, as, as and if declared, the greater of (i) cash and non-cash dividends in an amount equal to 1,000 100 times the dividends declared on each share of Common Stock Share or (ii) a preferential annual dividend of $10.00 1.00 per Preferred Share ($.01 per one one-thousandth of a Preferred Share). In the event of liquidation, the holder holders of Preferred Shares shall be entitled to receive a liquidation payment in an amount equal to the greater of (1) $162,000 .25 (twenty-five cents) per Preferred Share ($162.00 per one one-thousandth of a Preferred Share), plus all accrued and unpaid dividends and distributions on the Preferred Shares Shares, or (2) an amount equal to 1,000 100 times the aggregate amount to be distributed per share of Common StockShare. Each Preferred Share has 1,000 100 votes, voting together with the shares of Common StockShares. In the event of any merger, consolidation, consolidation or other transaction in which shares of Common Stock Shares are exchanged, the holder of a Preferred Share shall be entitled to receive 1,000 100 times the amount received per share of Common StockShare. The rights of the Preferred Shares as to dividends, voting, voting and liquidation preferences are protected by antidilution provisions. It is anticipated that the value of one one-thousandth hundredth of a Preferred Share should approximate the value of one share of Common StockShare.

Right to Purchase Preferred Shares. From and after the close of ---------------------------------- business on the Distribution Date, each Right (other than a Right that has become void) shall be exercisable to purchase one one-thousandth hundredth of a share of Series A Junior Participating Cumulative Preferred Stock, par value $.001 .01 per share, of the Company (the "Preferred Shares"), at an exercise price of $162.00 40 (the "Purchase Exercise Price"). Prior to the Distribution Date, the Company may substitute for all or any portion of the Preferred Shares that would otherwise be issuable upon exercise of the Rights, cash, assets or other securities having the same aggregate value as such Preferred Shares. The Preferred Shares are nonredeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred stock, are subordinate to any other series of the Company's preferred stock stock, whether issued before or after the issuance of the Preferred Shares. The Preferred Shares may not be issued except upon exercise of Rights. The holder of a Preferred Share is entitled to receive when, as, as and if declared, the greater of (i) cash and non-non- cash dividends in an amount equal to 1,000 100 times the dividends declared on each share of Common Stock Share or (ii) a preferential annual dividend of $10.00 1.00 per Preferred Share ($.01 per one one-thousandth hundredth of a Preferred Share). In the event of liquidation, the holder holders of Preferred Shares shall be entitled to receive a liquidation payment in an amount equal to the greater of (1) $162,000 1.00 per Preferred Share ($162.00 .01 per one one-thousandth hundredth of a Preferred Share), plus all accrued and unpaid dividends and distributions on the Preferred Shares Shares, or (2) an amount equal to 1,000 100 times the aggregate amount to be distributed per share of Common StockShare. Each Preferred Share has 1,000 100 votes, voting together with the shares of Common StockShares. In the event of any merger, consolidation, consolidation or other transaction in which shares of Common Stock Shares are exchanged, the holder of a Preferred Share shall be entitled to receive 1,000 100 times the amount received per share of Common StockShare. The rights of the Preferred Shares as to dividends, voting, voting and liquidation preferences are protected by antidilution provisions. It is anticipated that the value of one one-thousandth hundredth of a Preferred Share should approximate the value of one share of Common StockShare.

Right to Purchase Preferred Shares. From and after the close of business on the Distribution Date, each Right (other than a Right that has become void) shall be exercisable to purchase one one-thousandth hundredth of a share of Series A C Preferred Stock, par value $.001 1.00 per share, of the Company (the "Preferred Shares"), at an exercise price of $162.00 150.00 (one hundred and fifty dollars) (the "Purchase Price"). The Preferred Shares are nonredeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred stock, are subordinate to any other series of the Company's preferred stock whether issued before or after the issuance of the Preferred Shares. The Preferred Shares may not be issued except upon exercise of Rights. The holder of a Preferred Share is entitled to receive when, as, as and if declared, the greater of (i) cash and non-cash dividends in an amount equal to 1,000 100 times the dividends declared on each share of Common Stock Share or (ii) a preferential annual dividend of $10.00 100.00 per Preferred Share ($.01 1.00 per one one-thousandth hundredth of a Preferred Share). In the event of liquidation, the holder holders of Preferred Shares shall be entitled to receive a liquidation payment in an amount equal to the greater of (1) $162,000 15,000.00 per Preferred Share ($162.00 150.00) per one one-thousandth hundredth of a Preferred Share), plus all accrued and unpaid dividends and distributions on the Preferred Shares Shares, or (2) an amount equal to 1,000 100 times the aggregate amount to be distributed per share of Common StockShare. Each Preferred Share has 1,000 100 votes, voting together with the shares of Common StockShares. In the event of any merger, consolidation, consolidation or other transaction in which shares of Common Stock Shares are exchanged, the holder of a Preferred Share shall be entitled to receive 1,000 100 times the amount received per share of Common StockShare. The rights of the Preferred Shares as to dividends, voting, voting and liquidation preferences are protected by antidilution provisions. It is anticipated that the value of one one-thousandth hundredth of a Preferred Share should approximate the value of one share of Common StockShare.

Right to Purchase Preferred Shares. From and after the close of business on the Distribution Date, each Right (other than a Right that has become void) shall be exercisable to purchase one one-thousandth (1/1,000) of a share of Series A Junior Participating Preferred Stock, par value $.001 .01 per share, of the Company (the "“Preferred Shares"”), at an exercise a purchase price of Thirty Five Dollars ($162.00 35.00) (the "“Purchase Price"”). The Preferred Shares are nonredeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred stock, are subordinate to any other series of the Company's ’s preferred stock whether issued before or after the issuance of the Preferred Shares. The Preferred Shares may not be issued except upon exercise of Rights. The holder of a Preferred Share is entitled to receive when, as, as and if declared, the greater of (i) cash and non-cash dividends in an amount equal to 1,000 times the dividends declared on each share of Common Stock Share or (ii) a preferential semi-annual dividend of $10.00 0.50 per Preferred Share ($.01 .0005 per one one-thousandth (1/1,000) of a Preferred Share). In the event of liquidation, dissolution or winding up of the holder Company, the holders of Preferred Shares shall be entitled to receive a liquidation payment in an amount equal to the greater of (1) $162,000 1.00 per Preferred Share ($162.00 .001 per one one-thousandth (1/1,000) of a Preferred Share), plus all accrued and unpaid dividends and distributions on the Preferred Shares or (2) an amount equal to 1,000 times the aggregate amount to be distributed per share of Common StockShares. Each Preferred Share has 1,000 votesone thousand (1,000) votes per share (one vote per one one-thousandth (1/1,000) of a Preferred Share), voting together with the shares of Common StockShares. In the event of any merger, consolidation, consolidation or other transaction in which shares of Common Stock Shares are exchanged, the holder of a Preferred Share shall be entitled to receive 1,000 times the amount received per share of Common StockShare. The rights of the Preferred Shares as to dividends, voting, voting and liquidation preferences are protected by antidilution provisions. It is anticipated that the value of one one-thousandth (1/1,000) of a Preferred Share should approximate the value of one share of Common StockShare.

Right to Purchase Preferred Shares. From and after the close of business on the Distribution Date, each Right (other than a Right that has become void) shall be exercisable to purchase one one-thousandth of a share of Series A B Junior Participating Cumulative Preferred Stock, par value $.001 .01 per share, of the Company (the "Preferred Shares"), at an exercise price of $162.00 250.00 (the "Purchase Exercise Price"). Prior to the Distribution Date, the Company may substitute for all or any portion of the Preferred Shares that would otherwise be issuable upon exercise of the Rights, cash, assets or other securities having the same aggregate value as such Preferred Shares. The Preferred Shares are nonredeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred stock, are subordinate to any other series of the Company's preferred stock stock, whether issued before or after the issuance of the Preferred Shares. The Preferred Shares may not be issued except upon exercise of Rights. The holder of a one whole Preferred Share is entitled to receive when, as, as and if declared, the greater of (i) cash and non-cash dividends in an amount equal to 1,000 times the dividends declared on each share of Common Stock Share or (ii) a preferential annual dividend of $10.00 1.00 per Preferred Share ($.01 .001 per one one-thousandth of a Preferred Share). In the event of liquidation, the holder holders of Preferred Shares shall be entitled to receive a liquidation payment in an amount equal to the greater of (1) $162,000 1.00 per Preferred Share ($162.00 per one one-thousandth of a Preferred Share), plus all accrued and unpaid dividends and distributions on the Preferred Shares or (2) an amount equal to 1,000 times the aggregate amount to be distributed per share of Common Stock. Each Preferred Share has 1,000 votes, voting together with the shares of Common Stock. In the event of any merger, consolidation, or other transaction in which shares of Common Stock are exchanged, the holder of a Preferred Share shall be entitled to receive 1,000 times the amount received per share of Common Stock. The rights of the Preferred Shares as to dividends, voting, and liquidation preferences are protected by antidilution provisions. It is anticipated that the value of one one-thousandth of a Preferred Share should approximate the value of one share of Common Stock.Preferred

Right to Purchase Preferred Shares. From and after the close of business on the Distribution Date, each Right (other than a Right that has become void) shall be exercisable to purchase one one-thousandth hundredth of a share of Series A C Preferred Stock, par value $.001 per share, of the Company (the "Preferred Shares"), at an exercise price of $162.00 60.00 (the "Purchase Price"). The Preferred Shares are nonredeemable and, unless otherwise provided in connection with the creation of a subsequent series of preferred stock, are subordinate to any other series of the Company's preferred stock whether issued before or after the issuance of the Preferred Shares. The Preferred Shares may not be issued except upon exercise of Rights. The holder of a Preferred Share is entitled to receive when, as, and if declared, the greater of (i) cash and non-cash dividends in an amount equal to 1,000 100 times the dividends declared on each share of Common Stock or (ii) a preferential annual dividend of $10.00 100.00 per Preferred Share ($.01 1.00 per one one-thousandth hundredth of a Preferred Share). In the event of liquidation, the holder of Preferred Shares shall be entitled to receive a liquidation payment in an amount equal to the greater of (1) $162,000 6,000.00 per Preferred Share ($162.00 60.00 per one one-thousandth hundredth of a Preferred Share), plus all accrued and unpaid dividends and distributions on the Preferred Shares or (2) an amount equal to 1,000 100 times the aggregate amount to be distributed per share of Common Stock. Each Preferred Share has 1,000 100 votes, voting together with the shares of Common Stock. In the event of any merger, consolidation, or other transaction in which shares of Common Stock are exchanged, the holder of a Preferred Share shall be entitled to receive 1,000 100 times the amount received per share of Common Stock. The rights of the Preferred Shares as to dividends, voting, and liquidation preferences are protected by antidilution provisions. It is anticipated that the value of one one-thousandth hundredth of a Preferred Share should approximate the value of one share of Common Stock.