Examples of Preferred Stock Purchase Rights in a sentence
The shares of Common Stock and the related Preferred Stock Purchase Rights which may be issued upon the exercise of the Rights have been duly authorized for issuance.
Upon the Future Authorization and Issuance of shares of Common Stock, such shares of Common Stock, and the Preferred Stock Purchase Rights attached thereto, will be validly issued, fully paid and nonassessable.
Approximately 1.2 million preferred shares are reserved for issuance under a Preferred Stock Purchase Rights Plan.
On the basis of the foregoing, I am of the opinion that the Shares (including the Preferred Stock Purchase Rights) to which the Registration Statement relates, when sold in accordance with the provisions of the Plan, will be legally issued, fully paid and non-assessable.
Preferred Stock Purchase Rights have a scheduled term through October 2007, although the term may be extended or the Rights may be redeemed prior to expiration.