Common use of Company Termination Fee Clause in Contracts

Company Termination Fee. (i) In the event that this Agreement is terminated by Parent pursuant to Section 9.1(c)(i), or in the event that this Agreement is terminated by the Company pursuant to Section 9.1(d)(ii), then, in each case, the Company shall pay to Parent, by wire transfer of immediately available funds, a fee in the amount of $135,500,000 (the “Company Termination Fee”) at or prior to the termination of this Agreement in the case of a termination pursuant to Section 9.1(d)(ii) or as promptly as practicable (and, in any event, within two Business Days following such termination) in the case of a termination pursuant to Section 9.1(c)(i).

Appears in 4 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Sinclair Broadcast Group Inc), Agreement and Plan of Merger (Tribune Media Co)

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Company Termination Fee. (i) In the event that If (A) Parent terminates this Agreement is terminated by Parent pursuant to Section 9.1(c)(i), 7.1(d)(i) or in (B) the event that Company terminates this Agreement is terminated by the Company pursuant to Section 9.1(d)(ii7.1(i), then, in each case, then the Company shall pay to Parent, Parent by wire transfer of immediately available funds, a fee in funds to an account designated by Parent the amount of $135,500,000 (the “Company Termination Fee”) at or prior to the termination of this Agreement in the case of a termination pursuant to Section 9.1(d)(ii) or as promptly as practicable (and, in any event, Fee within two Business Days following after the date of such termination) in the case of a termination pursuant to Section 9.1(c)(i).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Weingarten Realty Investors /Tx/), Agreement and Plan of Merger (Kimco Realty Corp)

Company Termination Fee. (i) In the event that this Agreement is terminated by Parent pursuant to Section 9.1(c)(i), or in the event that this Agreement is terminated by the Company pursuant to Section 9.1(d)(ii), then, in each case, the Company shall pay to Parent, by wire transfer of immediately available funds, a fee in the amount of $135,500,000 135 million (the “Company Termination Fee”) at or prior to the termination of this Agreement in the case of a termination pursuant to Section 9.1(d)(ii) or as promptly as practicable (and, in any event, within two (2) Business Days following such termination) in the case of a termination pursuant to Section 9.1(c)(i).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tribune Media Co), Agreement and Plan of Merger (Nexstar Media Group, Inc.)

Company Termination Fee. (i) In the event that this Agreement is terminated by Parent pursuant to Section 9.1(c)(i), 8.1(d)(i) or in the event that this Agreement is Section 8.1(d)(ii) or terminated by the Company pursuant to Section 9.1(d)(ii8.1(c)(iii), then, in each case, the Company shall pay the Company Termination Fee to ParentParent promptly, but in any event within two (2) Business Days after the date of such termination, by wire transfer of immediately available fundssame day funds to one or more accounts designated by Parent. For the avoidance of doubt, a fee in no event shall the amount of $135,500,000 (Company be obligated to pay, or cause to be paid, the Company Termination Fee”) at or prior to the termination of this Agreement in the case of a termination pursuant to Section 9.1(d)(ii) or as promptly as practicable (and, in any event, within two Business Days following such termination) in the case of a termination pursuant to Section 9.1(c)(i)Fee on more than one occasion.

Appears in 1 contract

Samples: Agreement and Plan of Merger (China Nuokang Bio-Pharmaceutical Inc.)

Company Termination Fee. (i) In the event that this Agreement is terminated by Parent pursuant to Section 9.1(c)(i), or in the event that this Agreement is terminated by the Company pursuant to Section 9.1(d)(ii), then, in each case, the Company shall pay to Parent, by wire transfer of immediately available funds, a fee in the amount of $135,500,000 36,000,000 (the “Company Termination Fee”) at or prior to the termination of this Agreement in the case of a termination pursuant to Section 9.1(d)(ii) or as promptly as practicable (and, in any event, within two (2) Business Days following such termination) in the case of a termination pursuant to Section 9.1(c)(i).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Gray Television Inc)

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Company Termination Fee. (i) In the event that this Agreement is terminated by Parent pursuant to Section 9.1(c)(i), or in the event that this Agreement is terminated by the Company pursuant to Section 9.1(d)(ii8.1(d) (Company Superior Proposal) or Parent pursuant to Section 8.1(c) (No Company Recommendation), then, in each case, then the Company shall pay to ParentParent a fee, by wire transfer of in immediately available funds, a fee in the amount of $135,500,000 1,650,000.00 (the “Company Termination Fee”) at or by wire transfer to an account specified by Parent promptly, but in any event prior to the termination of this Agreement in the case of or concurrently with a termination pursuant to Section 9.1(d)(ii8.1(d) or as promptly as practicable no later than two (and, in any event, within two 2) Business Days following such termination) in after the case date of a termination pursuant to Section 9.1(c)(i8.1(c).

Appears in 1 contract

Samples: Noncompetition and Nonsolicitation Agreement (CVB Financial Corp)

Company Termination Fee. (i) In the event that (A) If this Agreement is terminated by Parent pursuant to Section 9.1(c)(i), 10.01(c)(i) or in the event that this Agreement Section 10.01(c)(iii) (or is terminated by the Company pursuant to a different Section 9.1(d)(iiof 10.01, other than Section 10.01(d)(i), thenat a time when this Agreement was terminable pursuant to Section 10.01(c)(i) or Section 10.01(c)(iii)) or by the Company pursuant to Section 10.01(d)(i), in each case, then the Company shall pay to Parent, by wire transfer of Parent in immediately available funds, a fee in the amount of funds $135,500,000 25,800,000 (the “Company Termination Fee”) at or prior to the termination of this Agreement ), within one Business Day after such termination, other than in the case of a termination pursuant to Section 9.1(d)(ii10.01(d)(i) or as promptly as practicable (and, in any event, within two Business Days following such termination) in which case the case of a Company Termination Fee shall be paid concurrently with the termination pursuant to such Section, as provided in Section 9.1(c)(i6.04(b)(iii)).

Appears in 1 contract

Samples: Agreement and Plan of Merger (LoopNet, Inc.)

Company Termination Fee. (i) In the event that (A) If this Agreement is terminated by Parent pursuant to ‎Section 10.01(c)(i) or Section 9.1(c)(i), 10.01(c)(iii) (or in the event that this Agreement is terminated by the Company pursuant to a different Section 9.1(d)(iiof 10.01, other than Section 10.01(d)(i), thenat a time when this Agreement was terminable pursuant to Section 10.01(c)(i) or Section 10.01(c)(iii)) or by the Company pursuant to Section 10.01(d)(i), in each case, then the Company shall pay to Parent, by wire transfer of Parent in immediately available funds, a fee in the amount of funds $135,500,000 25,800,000 (the “Company Termination Fee”) at or prior to the termination of this Agreement ), within one Business Day after such termination, other than in the case of a termination pursuant to Section 9.1(d)(ii10.01(d)(i) or as promptly as practicable (and, in any event, within two Business Days following such termination) in which case the case of a Company Termination Fee shall be paid concurrently with the termination pursuant to such Section, as provided in Section 9.1(c)(i6.04(b)(iii)).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Costar Group Inc)

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