Trigger Payment. Subject to the provisions of Section 10.3(e) of the Merger Agreement, if a Trigger Event shall have occurred and any regulatory approval or order required for the issuance by OPTION GRANTOR, or the acquisition by OPTION HOLDER, of the OPTION GRANTOR Option pursuant to Section 1 hereof shall not have been obtained, OPTION HOLDER shall have the right to receive, and OPTION GRANTOR shall pay to OPTION HOLDER, an amount (the "Trigger Payment") equal to the product of
Appears in 18 contracts
Samples: Payment Agreement (Ies Industries Inc), Option Holder Stock Option and Trigger Payment Agreement (WPL Holdings Inc), Option Holder Stock Option and Trigger Payment Agreement (WPL Holdings Inc)
