Common use of Delivery to the Company Clause in Contracts

Delivery to the Company. (a) Any amount in excess of $100 delivered to the Trustee pursuant to Section 2.01 hereof or otherwise constituting part of the Trust Corpus shall be returned to the Company, unless within six (6) months of such delivery to the Trustee a Change in Control shall have occurred. Such six month period shall be renewed (i) for any Potential Change in Control which occurs during any initial six month period or (ii) by a resolution adopted by the Board of Directors and delivered to the Trustee by the Company to the effect that such an initial six month period (or a six month period that is renewed in accordance with clause (i) of this Section 4.01(a)) shall start anew.

Appears in 5 contracts

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

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