Common use of Break-Up Fee Clause in Contracts

Break-Up Fee. In the event that this Agreement is terminated as a result of a breach of this Agreement by the Company, failure of the Company to obtain any required consents or approvals, or in connection with the Company entering into another transaction, the Company will pay Purchaser in same day funds a cash fee of $300,000 immediately upon termination.

Appears in 4 contracts

Samples: Stock Subscription Agreement (Western Resources Inc /Ks), Stock Subscription Agreement (Protection One Alarm Monitoring Inc), Stock Subscription Agreement (Guardian International Inc)

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