Option Cancellation Agreements. Each holder of a Company Option shall have entered into an Option Cancellation Agreement in a form reasonably satisfactory to Parent.
Option Cancellation Agreements. If the Scheduled Closing Date is prior to the expiration of the Option Notice Period, the Company shall have delivered to Purchaser either: (i) executed Option Cancellation Agreements from each holder of outstanding Options (or waiver of the Option Notice Period) or (ii) an opinion of Stoel Rives LLP reasonably satisfactory to Purchaser that the only right against the Company which would be available to a holder of an Option who neither executes and delivers to the Company an Option Cancellation Agreement nor waives any claim he may have against the Company as a result of consummation of the Merger prior to the expiration of the Option Notice Period would be to receive either the Per Share Merger Consideration for each share of Stock subject to the Option or the Option Value.
Option Cancellation Agreements. If the Board of Directors of Sterling has not taken all action necessary to cause the Sterling Options to be terminated and canceled at or prior to the Effective Time of the Merger or, in the case of the 2008 Plans, terminated and redeemable at or immediately after the Effective Time of the Merger for no consideration or, if such Board of Directors action requires the consent of any option holder, each holder of a Sterling Option shall have executed and delivered an Option Cancellation and Release Agreement in the form attached as Exhibit E.
Option Cancellation Agreements. The Sellers shall use their commercially reasonable efforts to cause each Option Holder to sign an Option Cancellation Agreement, in substantially the form attached as Exhibit C, and deliver copies of the signed agreements to Buyer at Closing.
Option Cancellation Agreements. 36 (j) Consents to Assignments.......................................................... 36 (j) Acceptance by MFC's Counsel...................................................... 36
Option Cancellation Agreements. An Option Cancellation Agreement, as described in Paragraph 6.13 and in a form specified by and reasonably satisfactory to MFC, shall have been executed and delivered by and between CNB and each person who held a CNB Option at any time prior to the Effective Time, and CNB shall have delivered a copy of each such Option Cancellation Agreement to MFC.
Option Cancellation Agreements. TopCo shall deliver fully-executed copies of the Option Cancellation Agreements from each of the Significant Optionholders.
Option Cancellation Agreements. IBI shall use commercially reasonable efforts to cause each Non-Exercising Option Holder to execute and deliver to IBG, an Option Cancellation Agreement as contemplated in Section 1.06(C)(2).
Option Cancellation Agreements. Option Cancellation Agreements shall have been duly executed and delivered to the Company by the Optionholders holding in the aggregate ninety (90%) of the Vested Options.
Option Cancellation Agreements. Company will take commercially reasonable efforts to obtain an executed Option Cancellation Agreement, substantially in the form of Exhibit G hereto, from each Company Optionholder (other than any Company Optionholder holding only Underwater Options).
