Common use of Notice of Triggering Event by Issuer Clause in Contracts

Notice of Triggering Event by Issuer. Issuer shall notify Grantee promptly in writing of the occurrence of any Triggering Event, it being understood that the giving of such notice by Issuer shall not be a condition to the right of the Holder to exercise the Option.

Appears in 11 contracts

Samples: C Stock Option Agreement (American International Group Inc), Stock Option Agreement (Union Carbide Corp /New/), Stockholder Agreement (Premark International Inc)

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Notice of Triggering Event by Issuer. Issuer shall notify Grantee ------------------------------------ promptly in writing of the occurrence of any Triggering Event, Event (it being understood that the giving of such the notice by Issuer shall not be a condition to the right of the Holder to exercise the Optionoption).

Appears in 2 contracts

Samples: Stock Option Agreement (Microcide Pharmaceuticals Inc), Stock Option Agreement (Microcide Pharmaceuticals Inc)

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Notice of Triggering Event by Issuer. Issuer shall notify Grantee promptly in writing of the occurrence of any Triggering Event, it being understood that the giving of such notice by Issuer shall not be a condition to the right of the Holder Grantee to exercise the Option.

Appears in 1 contract

Samples: Stock Option Agreement (Allegheny Power System Inc)

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