Common use of Condition to Plan Clause in Contracts

Condition to Plan. As a condition and an inducement to LISB's execution and delivery of the Plan, LISB has required that AFC agree, and AFC has agreed, to grant LISB the Option (as hereinafter defined).

Condition to Plan. As a condition and an inducement to LISBAFC's execution and delivery of the Plan, LISB AFC has required that AFC LISB agree, and AFC LISB has agreed, to grant LISB AFC the Option (as hereinafter defined).