Common use of Exercise of Rights; Purchase Price Clause in Contracts

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights ------ (a) Except as otherwise provided herein, the Rights shall become exercisable on the Distribution Date and after the Rights have been become exercisable, the registered holder of any Right Certificate may, subject to Section 11(a)(ii) hereof and except as otherwise provided herein, exercise the Rights evidenced thereby, in whole or in part, upon surrender of the Right Certificate, with the form of election to purchase on the reverse side thereof duly executed, to the Rights Agent at the office or agency of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-thousandths of a share of Preferred Stock (or other securities, cash or other assets as the case may be) as to which the Rights are exercised, at any time which is both after the Distribution Date and prior to the time (the "Expiration Date") that is the earliest of (i) the Close of Business on April 1, 2004 (the "Final Expiration Date"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the "Redemption Date") or (iii) the time at which such Rights are exchanged as provided in Section 24 hereof. (b) A new Section 7(f) is hereby added to the Rights Agreement to read as follows:

Appears in 1 contract

Sources: Rights Agreement (LTC Properties Inc)

Exercise of Rights; Purchase Price. Expiration Date of ------------------------------------------------------ Rights Rights. ------ (a) Except as otherwise provided herein, the Rights shall become exercisable on the Distribution Date and after the Rights have been become exercisableSubject to Section 7(e) hereof, the registered holder of any Right Rights Certificate may, subject to Section 11(a)(ii) hereof and may exercise the Rights evidenced thereby (except as otherwise provided hereinherein including, exercise without limitation, the Rights evidenced therebyrestrictions on exercisability set forth in Section 9(c), Section 11(a)(iii) and Section 23(a) hereof) in whole or in part, part at any time after the Distribution Date upon surrender of the Right Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office or agency offices of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price with respect to the total number of one one-thousandths hundredths (1/100ths) of a share of Preferred Stock (or other securities, cash or other assets assets, as the case may be) as to which the such surrendered Rights are exercisedthen exercisable, at any time which is both after the Distribution Date and or prior to the time (the "Expiration Date") that is the earliest of (i) the Close close of Business business on April 1_____________, 2004 2007 (the "Final Expiration Date"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the "Redemption Date") or (iii) the time at which such Rights are exchanged as provided in Section 24 hereof. (b) A new Section 7(f) is hereby added to the Rights Agreement to read as follows:or

Appears in 1 contract

Sources: Rights Agreement (Ametek Aerospace Products Inc)