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 a reasonable period in order to take such action or comply with such
Appears in 2 contracts
Sources: Stockholder Protection Rights Agreement (Goulds Pumps Inc), Stockholder Protection Rights Agreement (Goulds Pumps 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(d) or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a reasonable period in order to take such action or comply with suchsuch laws. In the event of any such suspension, the Company shall issue as promptly as practicable a public announcement stating that the exercisability of the Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required.
Appears in 2 contracts
Sources: 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 3.1 or to comply with federal or state securities laws, the Company may suspend the exercisability of the Rights for a reasonable period in order to take such action or comply with suchsuch 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 Failure to give a notice pursuant to the provisions of this Agreement shall not affect the validity of any action taken hereunder.
Appears in 1 contract
Sources: Stockholder Protection Rights Agreement (Pharmacia & Upjohn Inc)