Common use of Buyer Termination Fee Clause in Contracts

Buyer Termination Fee. In the event that this Agreement is terminated by Seller pursuant to Section 11.1(g), then upon notice from Seller, Buyer shall promptly, but in no event later than three business days after the date of such termination, pay to the Seller a fee of $40,000,000 (the “Buyer Termination Fee”). Any Buyer Termination Fee paid to the Seller pursuant to this Agreement shall be paid by wire transfer of immediately available funds to an account or accounts designated in writing by the Seller to Buyer for such purpose.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Western Union CO), Stock Purchase Agreement (Aci Worldwide, Inc.)

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Buyer Termination Fee. In (a) Notwithstanding anything to the contrary in this Agreement, in the event that Seller terminates this Agreement is terminated by Seller pursuant to Section 11.1(g6.1(d) or Section 6.1(e), then upon notice from Seller, Buyer shall promptly, but in no event later than three business days (3) Business Days after the date of such terminationtermination of this Agreement, pay by wire transfer of immediately available funds to the Seller a fee of accounts designated by Seller, an amount in cash equal to $40,000,000 44,850,000 (the “Buyer Termination Fee”). Any Buyer Termination Fee paid to the Seller pursuant to this Agreement shall be paid by wire transfer of immediately available funds to an account or accounts designated in writing by the Seller to Buyer for such purpose.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (PSAV, Inc.)

Buyer Termination Fee. In the event that (a) If this Agreement is validly terminated by Seller or Parent pursuant to Section 11.1(g9.01(e), then upon notice from Sellerexcept in a circumstance where the Company is seeking specific performance pursuant to Section 11.10, Buyer shall promptly, but in no event later than three business days five (5) Business Days after the date of such termination, pay or cause to the be paid to Seller a fee of in immediately available funds an amount equal to $40,000,000 12,902,943.46 (the “Buyer Termination Fee”). Any Buyer Termination Fee paid to the Seller pursuant to this Agreement shall be paid by wire transfer of immediately available funds to an account or accounts designated in writing by the Seller to Buyer for such purpose.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Actua Corp)

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Buyer Termination Fee. In the event that (a) If this Agreement is terminated by Seller pursuant to (i) Section 11.1(g11.1(d) or (ii) Section 11.1(e) (each of (i) and (ii), then upon notice from Sellera “Specified Termination”), then, in the event of such Specified Termination, Buyer shall promptly, but in no event later than three business days after the date of such termination, pay or cause to the be paid to Seller a fee of fee, in cash, equal to $40,000,000 60,000,000 (the “Buyer Termination Fee”). Any Buyer Termination Fee paid to the Seller pursuant to this Agreement shall be paid by wire transfer of immediately available funds to an account or accounts designated in writing by the Seller to Buyer for such purpose.

Appears in 1 contract

Samples: Stock Purchase Agreement (Select Medical Corp)

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