Common use of Notification of the Trustee Clause in Contracts

Notification of the Trustee. The Company shall notify --------------------------- the Trustee of the occurrence of a Potential Change in Control and the Company shall or an Executive may notify the Trustee of the occurrence of a Change in Control, and the Trustee may rely on such notice or on any other actual notice, satisfactory to the Trustee, of such a change or potential change which the Trustee may receive. The Trustee shall have no obligation to make an independent determination as to the occurrence of a Potential Change in Control or Change in Control.

Appears in 6 contracts

Samples: Trust Agreement (Champion International Corp), Trust Agreement (Champion International Corp), Trust Agreement (Champion International Corp)

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Notification of the Trustee. The Company shall notify --------------------------- the Trustee of the occurrence of a Potential Change in Control and the Company shall shall, or an Executive may may, notify the Trustee of the occurrence of a Change in Control, and the Trustee may rely on such notice or on any other actual notice, satisfactory to the Trustee, of such a change or potential change which the Trustee may receive. The Trustee shall have no obligation to make an independent determination as to the occurrence of a Potential Change in Control or Change in Control.

Appears in 1 contract

Samples: Trust Agreement (Curtiss Wright Corp)

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