Section 11.1.2 Event definition
Examples of Section 11.1.2 Event in a sentence
Notwithstanding anything contained in this Agreement to the contrary, the Rights shall not be exercisable after the first occurrence of a Section 11.1.2 Event until such time as the Company's right of redemption set forth in the first sentence of this Section 23.1 has expired.
Notwithstanding any of the foregoing, following the occurrence of a Section 11.1.2 Event, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, Beneficially Owned by any Acquiring Person (or by certain related parties) will be null and void.
The Rights may be terminated only until the earlier to occur of (i) a Section 11.1.2 Event or (ii) the Final Expiration Date.
For example, at an exercise price of $40.52 per Right, each Right not owned by an Acquiring Person (or by certain related parties) following a Section 11.1.2 Event would entitle its holder to purchase for $40.52 a number of Common Shares (or other consideration, as noted above) equal to $40.52 divided by one-half of the Current Per Share Market Price (as defined in the Rights Agreement) of the Common Shares.
In the event that a Shares Acquisition Date shall have occurred at any time after the date hereof (including any such date prior to the Distribution Date) and neither the Redemption Date nor the Expiration Date shall have occurred prior to the tenth Business Day following the Shares Acquisition Date (a "Section 11.1.2 Event") then, from and after such Section 11.
In the event that a Section 13 Event shall occur at any time after the occurrence of a Section 11.1.2 Event, the Rights that have not theretofore been exercised shall thereafter become exercisable in the manner described in Section 13.1.
For example, at an exercise price of $50.00 per Right, each Right not owned by an Acquiring Person (or by certain related parties) following a Section 11.1.2 Event would entitle its holder to purchase for $50.00 a number of shares of Common Stock (or other consideration, as noted above) equal to $50.00 divided by one-half of the Current Per Share Market Price (as defined in the Rights Agreement) of the shares of Common Stock.
For example, at an exercise price of $35.00 per Right, each Right not owned by an Acquiring Person (or by certain related parties) following a Section 11.1.2 Event would entitle its holder to purchase for $35.00 a number of shares of Class A Common Stock (or other consideration, as noted above) equal to $35.00 divided by one-half of the Current Per Share Market Price (as defined in the Rights Agreement) of the shares of Class A Common Stock.
For example, at an exercise price of $31.50 per Right, each Right not owned by an Acquiring Person (or by certain related parties) following a Section 11.1.2 Event would entitle its holder to purchase for $31.50 a number of Common Shares (or other consideration, as noted above) equal to $31.50 divided by one-half of the Current Per Share Market Price (as defined in the Rights Agreement) of the Common Shares.
For example, at an exercise price of $55.00 per Right, each Right not owned by an Acquiring Person (or by certain related parties) following a Section 11.1.2 Event would entitle its holder to purchase for $55.00 a number of shares of Class A Common Stock (or other consideration, as noted above) equal to $55.00 divided by one-half of the Current Per Share Market Price (as defined in the Rights Agreement) of the shares of Class A Common Stock.