Trustee for Option Holders. In the event that a bank or trust company shall have been appointed as trustee for the Holder of the Option pursuant to Subsection 3.2, such bank or trust company shall have all the powers and duties of an option agent (as hereinafter described) and shall accept, in its own name for the account of the Company or such successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Option pursuant to this Section 1.
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Samples: Island Pacific Inc, Island Pacific Inc, Island Pacific Inc
Trustee for Option Holders. In the event that a bank or trust company shall have been appointed as trustee for the Holder holders of the Option Options pursuant to Subsection 3.2, such bank or trust company shall have all the powers and duties of an option a Option agent (as hereinafter described) and shall accept, in its own name for the account of the Company or such successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Option pursuant to this Section 1.
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Samples: Agreement (Coupon Express, Inc.), Securities Purchase Agreement (Vertex Interactive Inc)
Trustee for Option Holders. In the event that a bank or trust company shall have been appointed as trustee for the Holder of the Option pursuant to Subsection 3.2, such bank or trust company shall have all the powers and duties of an option agent (as hereinafter described) and shall accept, in its own name for the account of the Company Parent or such successor person as may be entitled thereto, all amounts otherwise payable to the Company Parent or such successor, as the case may be, on exercise of this Option pursuant to this Section 1.
Appears in 1 contract
Samples: Naturade Inc
Trustee for Option Holders. In the event that a bank or trust company shall have been appointed as trustee for the Holder of the Option pursuant to Subsection 3.2, such bank or trust company shall have all the powers and duties of an option agent (as hereinafter described) and shall accept, in its own name for the account of the Company or such successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Option pursuant to this Section (1.)
Appears in 1 contract
Samples: Epixtar Corp
Trustee for Option Holders. In the event that a bank or trust company shall have been appointed as trustee for the Holder holders of the Option pursuant to Subsection 3.2, such bank or trust company shall have all the powers and duties of an option or warrant agent (as hereinafter described) and shall accept, in its own name for the account of the Company or such successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Option pursuant to this Section 1.
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