Common use of Condition to Merger Agreement Clause in Contracts

Condition to Merger Agreement. As a condition and inducement to Grantee's and Sub's execution of the Merger Agreement, Grantee and Sub have required that Issuer agree, and Issuer has agreed, to grant Grantee the Option (as hereinafter defined).

Appears in 2 contracts

Sources: Stock Option Agreement (Exel LTD), Stock Option Agreement (Nac Re Corp)

Condition to Merger Agreement. As a condition and inducement to Grantee's and Sub's execution pursuit of the transactions contemplated by the Merger Agreement, Grantee and Sub have required that Issuer agreein consideration therefor, and Issuer has agreed, agreed to grant Grantee the Option (as hereinafter defined).

Appears in 1 contract

Sources: Stock Option Agreement (Peoples Bank)