Common use of Company Termination Fee Clause in Contracts

Company Termination Fee. If this Agreement is terminated by Parent pursuant to Section 11.01(c)(i), then the Company shall pay to Parent an amount in immediately available funds equal to $24,000,000 (the “Company Termination Fee”) within three Business Days after such termination.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Sonic Financial Corp), Merger Agreement (Speedway Motorsports Inc)

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Company Termination Fee. If (a) The parties hereto agree that if this Agreement is terminated by Parent pursuant to Section 11.01(c)(i7.1(e) or the Company pursuant to Section 7.1(f), then the Company shall pay to Parent an amount prior to or concurrently with such termination, in immediately available funds equal to $24,000,000 (the case of a termination by the Company, or within two Business Days thereafter, in the case of a termination by Parent, the Company Termination Fee. The “Company Termination Fee”) within three Business Days after such termination” means $10,900,000.

Appears in 2 contracts

Samples: Merger Agreement (Iteris, Inc.), Merger Agreement (Iteris, Inc.)

Company Termination Fee. (i) If this Agreement is terminated by (x) Parent pursuant to Section 11.01(c)(i10.01(c)(i) or (y) the Company pursuant to Section 10.01(d)(i), then the Company shall pay to Parent an amount in immediately available funds equal to $24,000,000 144,000,000 (the “Company Termination Fee”) ), in the case of a termination by Parent, within three Business Days after such termination and, in the case of a termination by the Company, contemporaneously with and as a condition to such termination.

Appears in 1 contract

Samples: Merger Agreement (Denbury Inc)

Company Termination Fee. If (a) The parties hereto agree that if this Agreement is terminated (i) by Parent pursuant to Section 11.01(c)(i7.1(e) or (ii) by the Company pursuant to Section 7.1(f), then the Company shall pay to Parent an amount prior to or concurrently with such termination, in immediately available funds equal to $24,000,000 the case of a termination by the Company, or within two (2) Business Days thereafter, in the case of a termination by Parent, the Company Termination Fee. The “Company Termination Fee”) within three Business Days after such termination” means $1,593,083.

Appears in 1 contract

Samples: Merger Agreement (Micropac Industries Inc)

Company Termination Fee. If (a) The parties hereto agree that if this Agreement is terminated by Parent pursuant to Section 11.01(c)(i7.1(e) or the Company pursuant to Section 7.1(f), then the Company shall pay to Parent an amount (or its designee) prior to or concurrently with such termination, in immediately available funds equal to $24,000,000 (the case of a termination by the Company, or within two Business Days thereafter, in the case of a termination by Parent, the Company Termination Fee. The “Company Termination Fee”) within three Business Days after such termination” means $71,000,000.

Appears in 1 contract

Samples: Merger Agreement (GCP Applied Technologies Inc.)

Company Termination Fee. If The parties hereto agree that if this Agreement is terminated by Parent pursuant to Section 11.01(c)(i7.1(e) or the Company pursuant to Section 7.1(f), then the Company shall pay to Parent an amount prior to or concurrently with such termination, in immediately available funds equal to $24,000,000 the case of a termination by the Company, or within two (2) Business Days thereafter, in the case of a termination by Parent, the Company Termination Fee”) within three Business Days after such termination. The "Company Termination Fee" means $20,000,000.

Appears in 1 contract

Samples: Merger Agreement (Iac/Interactivecorp)

Company Termination Fee. (i) If this Agreement is terminated by the Company pursuant to Section 8.01(d) or by Parent pursuant to Section 11.01(c)(i8.01(e), then the Company shall pay shall, in the case of a termination pursuant to Parent an amount Section 8.01(d) prior to or concurrently with or, in immediately available funds equal the case of a termination pursuant to $24,000,000 Section 8.01(e), promptly, and in any event within two (the “Company Termination Fee”2) within three Business Days after the date of such termination, pay Parent the Company Termination Fee by wire transfer of immediately available funds.

Appears in 1 contract

Samples: Merger Agreement

Company Termination Fee. If (a) The parties hereto agree that if this Agreement is terminated by Parent pursuant to Section 11.01(c)(i7.1(e) or the Company pursuant to Section 7.1(f), then the Company shall pay to Parent an amount prior to or concurrently with such termination, in immediately available funds equal to $24,000,000 (the case of a termination by the Company, or within two Business Days thereafter, in the case of a termination by Parent, the Company Termination Fee. The “Company Termination Fee” means $8,000,000; provided, however, that if the Company terminates this agreement pursuant to Section 7.1(f) within three Business Days after such terminationprior to the Solicitation Period End Date or with respect to an Exempted Person, then the Company Termination Fee means $4,000,000.

Appears in 1 contract

Samples: Merger Agreement (Accuride Corp)

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Company Termination Fee. If this Agreement is terminated by Parent pursuant The Company agrees to Section 11.01(c)(i), then the Company shall pay to Parent an amount in immediately available funds equal to $24,000,000 a fee (the “Company Termination Fee”) within three Business Days after such termination.to Parent in the amount of: (A) $10,200,000, if Parent terminates this Agreement pursuant to Section 10.01(c)(i);

Appears in 1 contract

Samples: Merger Agreement (Globecomm Systems Inc)

Company Termination Fee. If (a) The parties hereto agree that if this Agreement is terminated by Parent pursuant to Section 11.01(c)(i7.1(e) or the Company pursuant to Section 7.1(f), then the Company shall pay to Parent an amount in immediately available funds equal prior to $24,000,000 (the “Company Termination Fee”) within three Business Days after or concurrently with such termination., in the case of a termination by

Appears in 1 contract

Samples: Merger Agreement (Care.com Inc)

Company Termination Fee. If (a) The parties hereto agree that if this Agreement is terminated by Parent the Company pursuant to Section 11.01(c)(i7.1(d), then the Company shall pay to Parent an amount in immediately available funds equal prior to $24,000,000 (the “Company Termination Fee”) within three Business Days after or concurrently with such termination., in the case of a termination by the Company, or within two Business Days

Appears in 1 contract

Samples: Merger Agreement (Wesco Aircraft Holdings, Inc)

Company Termination Fee. If this Agreement is validly terminated by Parent pursuant to Section 11.01(c)(i8.1(e) (Company Board Recommendation Change), then the Company shall must promptly (and in any event within three (3) Business Days) following such termination pay to Parent an amount in immediately available funds equal to $24,000,000 38,000,000 (the “Company Termination Fee”) within three Business Days after such termination), in accordance with the payment instructions which have been provided to the Company by Parent as of the Agreement Date, or as further updated by written notice by Parent from time to time.

Appears in 1 contract

Samples: Merger Agreement (Thoughtworks Holding, Inc.)

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