Common use of Application of the Purchase Price to Certain Loans Clause in Contracts

Application of the Purchase Price to Certain Loans. The Grantee agrees that the Company and the CD&R Fund shall be entitled to apply any amounts to be paid by the Company or the CD&R Fund, as the case may be, to purchase the Covered Options pursuant to this Section 5 to discharge any indebtedness of the Grantee to the Company or any Subsidiary, or indebtedness that is guaranteed by the Company or any Subsidiary, including, but not limited to, any indebtedness of the Grantee incurred to purchase any shares of Common Stock.

Appears in 3 contracts

Samples: Management Stock Option Agreement (Riverwood Holding Inc), Management Stock Option Agreement (Riverwood Holding Inc), Management Stock Option Agreement (Riverwood Holding Inc)

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Application of the Purchase Price to Certain Loans. The Grantee -------------------------------------------------- agrees that the Company and the CD&R Fund shall be entitled to apply any amounts to be paid by the Company or the CD&R Fund, as the case may be, to purchase pur- chase the Covered Options pursuant to this Section 5 to discharge any indebtedness of the Grantee to the Company or any Subsidiary, or indebtedness that is guaranteed by the Company or any Subsidiary, including, but not limited to, any indebtedness of the Grantee incurred to purchase any shares of Common Stock.

Appears in 2 contracts

Samples: Management Stock Option Agreement (Riverwood Holding Inc), Employment Agreement (Riverwood Holding Inc)

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Application of the Purchase Price to Certain Loans. The Grantee -------------------------------------------------- agrees that the Company and the CD&R Fund shall be entitled to apply any amounts to be paid by the Company or the CD&R Fund, as the case may be, to purchase the Covered Options pursuant to this Section 5 to discharge any indebtedness of the Grantee to the Company Holding or any Subsidiary, or indebtedness of the Grantee that is guaranteed by the Company Holding or any Subsidiary, including, but not limited to, any indebtedness of the Grantee incurred to purchase any shares of Common Stock.

Appears in 1 contract

Samples: Management Stock Option Agreement (Qualifax Sa De Cv)

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