Common use of Subdivision of Rights Clause in Contracts

Subdivision of Rights. This Right (as well as any new Rights issued pursuant to the provisions of this paragraph) is exchangeable, upon the surrender hereof by the Holder hereof, at the principal office of the Company for any number of new Rights of like tenor and date representing in the aggregate the right to subscribe for and purchase the number of Common Shares of the Company which may be subscribed for and purchased hereunder.

Appears in 4 contracts

Samples: Lasalle Hotel Properties, Lasalle Hotel Properties, Lasalle Hotel Properties

AutoNDA by SimpleDocs

Subdivision of Rights. This Right (as well as any new Rights issued pursuant to the provisions of this paragraph) is exchangeable, upon the surrender hereof by the Holder hereof, at the principal office of the Company for any number of new Rights of like tenor and date representing in the aggregate the right to subscribe for and purchase the number of Common Shares of the Company or, at the option of the Company, Units of the Partnership which may be subscribed for and purchased hereunder.

Appears in 1 contract

Samples: Lasalle Hotel Properties

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!