Common use of Suspension of Exercisability Clause in Contracts

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 3 contracts

Samples: Stockholder Protection Rights Agreement (Ivi Checkmate Corp), Shareholder Protection Rights Agreement (Checkmate Electronics Inc), Shareholder Protection Rights Agreement (Irt Property Co)

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Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 3.1(d) or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a period of up to ninety (90) days and any additional period that may be reasonable following the date of the occurrence of the Separation Time or the Flip-in Date in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 3 contracts

Samples: Shareholder Protection Rights Agreement (Anaren Inc), Shareholder Protection Rights Agreement (Anaren Inc), Shareholder Protection Rights Agreement (Anaren Microwave Inc)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 3.1(e) or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for ninety a period of up to one hundred twenty (90120) days and any additional period that may be reasonable following the date of the occurrence of the Separation Time or the Flip-in Date in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 3 contracts

Samples: Stockholder Protection Rights Agreement (Group 1 Software Inc), Stockholder Protection Rights Agreement (Group 1 Software Inc), Stockholder Protection Rights Agreement (Group 1 Software Inc)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for ninety (90) days and any additional a reasonable period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.to

Appears in 3 contracts

Samples: Shareholder Protection Rights Agreement (One Valley Bancorp of West Virginia Inc), Shareholder Protection Rights Agreement (One Valley Bancorp Inc), Shareholder Protection Rights Agreement (One Valley Bancorp of West Virginia Inc)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 3.1(e) or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a period of up to ninety (90) days and any additional period that may be reasonable following the date of the occurrence of the Separation Time or the Flip-in Date in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 2 contracts

Samples: Shareholder Rights Agreement (Fremont Michigan Insuracorp Inc), Shareholder Rights Agreement (First Security Corp /Ut/)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 3.1(d) or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for ninety (90) days and any additional a reasonable period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 2 contracts

Samples: Shareholder Protection Rights Agreement (Arrow Financial Corp), Shareholder Rights Agreement (Maverick Tube Corporation)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 2.3(g) or Section 3.1 or otherwise to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 1 contract

Samples: Shareholder Protection Rights Agreement (Tropical Sportswear International Corp)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.Section

Appears in 1 contract

Samples: Stockholder Protection Rights Agreement (KLLM Transport Services Inc)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 3.1(e) or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a period of up to ninety (90) days and any additional period that may be reasonable following the date of the occurrence of the Separation Date or the Flip-in Date in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 1 contract

Samples: Shareholder Protection Rights Agreement (Gentex Corp)

Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need be taken pursuant to Section 3.1 or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 1 contract

Samples: Stockholder Protection Rights Agreement (Ivi Checkmate Corp)

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Suspension of Exercisability. To the extent that the Company ---------------------------- determines in good faith that some action will or need be taken pursuant to Section 3.1 2.3(g) or to comply with federal or state securities lawsSection 3.1, the Company may suspend the exercisability of the Rights for ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 1 contract

Samples: Shareholder Protection Rights Agreement (Xcellenet Inc /Ga/)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 3.1(c) or 3.1(e) hereof or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a period of up to ninety (90) days and any additional period that may be reasonable following the date of the occurrence of the Separation Date or Flip-in Event in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 suspended and shall not be requiredsimultaneously so notify the Rights Agent.

Appears in 1 contract

Samples: Rights Agreement (Hooper Holmes Inc)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 2.3(g) or to comply with federal or state securities lawsSection 3.1, the Company may suspend the exercisability of the Rights for ninety (90) days and any additional period that may be reasonable in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.

Appears in 1 contract

Samples: Shareholder Protection Rights Agreement (Rare Hospitality International Inc)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 Sections 3.1, 3.3 or 3.4 or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for ninety (90) a period of up to 90 days and any additional period that may be reasonable following the date of the occurrence of the Separation Time or the Flip-in Date in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.,

Appears in 1 contract

Samples: Rights Agreement (Caraustar Industries Inc)

Suspension of Exercisability. To the extent that the Company determines in good faith that some action will or need be taken pursuant to Section 3.1 3.1(c) or 3.1(e) or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a period of up to ninety (90) days and any additional period that may be reasonable following the date of the occurrence of the Separation Time or the Flip-in Date in order to take such action or comply with such laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability or exchangeability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 suspended and shall not be requiredsimultaneously so notify the Rights Agent.

Appears in 1 contract

Samples: Shareholder Protection Rights Agreement (International Flavors & Fragrances Inc)

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