Inducement Fee. As an inducement to the Buyer to negotiate and enter into this Agreement and to undertake the further cost and expense of conducting its due diligence investigation and preparing to satisfy its obligations at the Closing, the Seller hereby agrees to pay to the Buyer not later than January 29, 2000, the sum of $500,000 (the "Inducement Fee"). The Inducement Fee will be included in the Liabilities and will become an obligation of the Buyer or any other person (including any holder of a right of first refusal, preemptive right or other similar right, with respect to any of the Assets) who acquires, directly or indirectly, the Assets, or any portion thereof, as a result of the execution and delivery by the Seller of this Agreement. The Inducement Fee will be canceled if this Agreement is terminated for any reason other than the exercise of a right of first refusal, preemptive right or other similar right, by the Manufacturer or any person claiming by, through or under it. Subject to the foregoing, the obligation to pay the Inducement Fee shall survive the termination of this Agreement.
Inducement Fee. As an inducement to the Buyer to negotiate and enter into this Agreement and to undertake the further cost and expense of conducting its due diligence investigation and preparing to satisfy its obligations at the Closing, the Sellers hereby agree, jointly and severally, to pay to Sonic Automotive, Inc., not later than March 31, 1998, the sum of $500,000 (the "INDUCEMENT FEE"). The Inducement Fee will be an Assumed Liability and will become an obligation of the Buyer or any other person (including any holder of a right of first refusal, preemptive right or other similar right, with respect to any of the Purchased Assets) who purchases the Purchased Assets, or any portion thereof, based upon the terms of this Agreement. The Inducement Fee will be reflected as a liability in the Closing Balance Sheet (as defined in Section 1.3(c) below), but will not be taken into account in determining the Net Current Assets (as defined in Section 1.3(a) below), notwithstanding the provisions of said Section 1.3(c). The Inducement Fee will be canceled if this Agreement is terminated for any reason other than the exercise of a right of first refusal, preemptive right or other similar right, by any applicable automobile manufacturer or distributor or any person claiming by, through or under it.
Inducement Fee. On or prior to the date as of which any New Lender becomes a party to this Credit Agreement, Borrower shall pay to any New Lender a one-time arrangement fee (the "Inducement Fee") in an amount to be agreed in writing between the New Lender and the Borrower, which Inducement Fee shall be fully earned and nonrefundable when paid.
Inducement Fee. Any New Lender shall have received the Inducement Fee described in Section 2.5.2.
Inducement Fee. As an inducement to Paradigm to commit assets and personnel and undertake the obligation to conduct the Project Plan over the Term of this Agreement, Monsanto agrees to pay Paradigm ten million dollars ($10,000,000) of which [___________________________________ __________________]* shall be paid upon execution and [___________ _______________]* shall be paid by January 17, 2000. 14 -------- * Confidential treatment requested as to certain portions, which portions are omitted and filed separately with the Commission.
Inducement Fee. As an inducement to Buyer to negotiate and enter into this Agreement and to undertake the further cost and expense of conducting its due diligence investigation and preparing to satisfy its obligations at the Closing, Seller hereby agrees to pay to Buyer not later than July 15, 1999 the sum of $500,000 (the "INDUCEMENT FEE"). The Inducement Fee will be included in the Liabilities and will become an obligation of Buyer or any other person (including any holder of a right of first refusal, preemptive right or other similar right), with respect to any of the Assets who purchases the Assets, or any portion thereof, as a result of the execution and delivery by Seller of this Agreement. The Inducement Fee will be canceled if this Agreement is terminated for any reason other than the exercise of a right of first refusal, preemptive right or other similar right, by an applicable automobile manufacturer or distributor or any person claiming by, through or under it.
Inducement Fee. The parties agree that the provisions of Schedule 5 shall apply in respect of the Inducement Fee.
Inducement Fee. The parties agree that the provisions of Schedule 2 shall apply in respect of the Al Noor Inducement Fee.
Inducement Fee. 8.1 In consideration of IMI agreeing to commit time and personnel to making preparations for the purposes of the Proposal, and as a pre-condition to IMI being prepared to do so, BBI undertakes to IMI in the terms set out in this clause 8.
Inducement Fee. As an inducement to Rosetta to commit assets and personnel and undertake its obligations under the Project Plan after [*], Monsanto agrees that it will be obligated to pay Rosetta [*] on [*], such amount to be paid within [*] of such date. The full amount of this inducement fee shall be guaranteed, non-refundable and non-creditable and shall be paid directly to Rosetta.
