Common use of Expenses and Other Payments Clause in Contracts

Expenses and Other Payments. (a) Except as otherwise provided in this Section 8.3, each party shall pay its own expenses incident to preparing for, entering into and carrying out this Agreement and the consummation of the Transactions, whether or not the Merger shall be consummated. (b) If (i) Parent terminates this Agreement pursuant to Section 8.1(c) (Company Change of Recommendation), then the Company shall pay Parent the Company Termination Fee in cash by wire transfer of immediately available funds (to an account designated by Parent) no later than three Business Days after notice of termination of this Agreement or (ii) the Company terminates this Agreement pursuant to Section 8.1(d) (Company Superior Proposal), then the Company shall pay Parent the Company Termination Fee in cash by wire transfer of immediately available funds (to an account designated by Parent) concurrently with notice of termination of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Ellington Financial Inc.), Merger Agreement (Ellington Financial Inc.)

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Expenses and Other Payments. (a) Except as otherwise provided in this Section 8.3Agreement, each party shall pay its own expenses incident to preparing for, entering into and carrying out this Agreement and the consummation of the Transactions, whether or not the Merger shall be consummated. (b) If (i) Parent terminates this Agreement pursuant to Section 8.1(c) (Company Change of Recommendation), ) then the Company shall pay Parent the Company Termination Fee in cash by wire transfer of immediately available funds (to an account designated by Parent) Parent no later than three Business Days after notice of termination of this Agreement Agreement; or (ii) the Company terminates this Agreement pursuant to Section 8.1(d8.1(d)(i) (Company Superior Proposal), then the Company shall pay Parent the Company Termination Fee in cash by wire transfer of immediately available funds (to an account designated by Parent) concurrently Parent contemporaneously with notice of such termination of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Owens Realty Mortgage, Inc.), Merger Agreement (Ready Capital Corp)

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Expenses and Other Payments. (a) Except as otherwise provided in this Section 8.39.3, each party shall pay its own expenses incident to preparing for, entering into and carrying out this Agreement and the consummation of the Transactions, whether or not the Merger shall be consummated. (b) If (i) Parent terminates this Agreement pursuant to Section 8.1(c9.1(c) (Company Change of Recommendation), then the Company shall pay Parent the Company Termination Fee in cash by wire transfer of immediately available funds (to an account designated by Parent) no later than three Business Days after notice of termination of this Agreement or (ii) the Company terminates this Agreement pursuant to Section 8.1(d9.1(d) (Company Superior Proposal), then the Company shall pay Parent the Company Termination Fee in cash by wire transfer of immediately available funds (to an account designated by Parent) concurrently with notice of termination of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Benefit Street Partners Realty Trust, Inc.)

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