Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b), the Company shall pay to Parent its reasonable costs and expenses (including reasonable attorneys' fees and expenses) in connection with such suit, together with interest on the amounts set forth in this Section 8.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 4 contracts
Samples: Merger Agreement (Acxiom Corp), Merger Agreement (Paravant Inc), Merger Agreement (DRS Technologies Inc)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b7.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b7.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b7.3(b), the Company shall pay to Parent its the reasonable costs and expenses of Parent (including reasonable attorneys' ’ fees and expenses) in connection with such suit, together with interest on the amounts set forth in this Section 8.3(b7.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b7.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 4 contracts
Samples: Merger Agreement (Storage Technology Corp), Merger Agreement (Tarantella Inc), Merger Agreement (Coherent Inc)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b8.03(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if either the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b8.03(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts amount set forth in this Section 8.3(b8.03(b), the Company shall pay to Parent its reasonable costs and expenses (including reasonable attorneys' ’ fees and expenses) in connection with such suit, together with interest on the amounts set forth in this Section 8.3(b) 8.03 at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees fee described in this Section 8.3(b8.03(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 2 contracts
Samples: Merger Agreement (Yak Communications Inc), Merger Agreement (Globalive Communications Corp.)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b7.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly. Accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b), 7.3(b) and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b7.3(b), the Company shall pay to Parent its the reasonable costs and expenses of Parent (including reasonable attorneys' ’ fees and expenses) in connection with such suit, together with interest on the amounts set forth in due pursuant to this Section 8.3(b7.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b) shall not be in lieu of damages incurred Except in the event case of willful breach of this Agreement by the Company, payment of the Termination Fee by the Company shall be the sole and exclusive remedy of Parent and Merger Sub under this Agreement.
Appears in 2 contracts
Samples: Merger Agreement (Lexar Media Inc), Merger Agreement (Micron Technology Inc)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b), the Company shall pay to Parent its the reasonable costs and expenses of Parent (including reasonable attorneys' ’ fees and expenses) in connection with such suit, together with interest on the amounts set forth in this Section 8.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 2 contracts
Samples: Merger Agreement (Quantum Corp /De/), Merger Agreement (Advanced Digital Information Corp)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b), the Company shall pay to Parent its the reasonable costs and expenses of Parent (including reasonable attorneys' ’ fees and expenses) in connection with such suit, together with interest on the amounts set forth in this Section 8.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 2 contracts
Samples: Merger Agreement (Captaris Inc), Merger Agreement (Castelle \Ca\)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b7.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b7.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b7.3(b), the Company shall pay to Parent its the reasonable costs and expenses of Parent (including reasonable attorneys' ’ fees and expenses) in connection with such suit, together with interest on the amounts set forth in this Section 8.3(b7.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b7.3(b) shall not be in lieu of damages incurred in the event of breach of this AgreementAgreement to the extent provided in clause (ii) of the second sentence of Section 7.2.
Appears in 2 contracts
Samples: Merger Agreement (Sun Microsystems, Inc.), Merger Agreement (Seebeyond Technology Corp)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b7.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent the other party hereto would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b7.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b)Company, the Company shall pay to Parent its the reasonable costs and expenses (including reasonable attorneys' fees and expenses) of Parent in connection with such suit, together with interest on the amounts set forth in this Section 8.3(b7.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b7.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 2 contracts
Samples: Merger Agreement (Yahoo Inc), Merger Agreement (Overture Services Inc)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b7.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b7.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b7.3(b), the Company shall pay to Parent its the reasonable costs and expenses of Parent (including reasonable attorneys' ’ fees and expenses) in connection with such suit, together with interest on the amounts set forth in due pursuant to this Section 8.3(b7.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b7.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 1 contract
Samples: Merger Agreement (Visa Inc.)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b7.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b7.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in Table of Contents this Section 8.3(b7.3(b), the Company shall pay to Parent its the reasonable costs and expenses of Parent (including reasonable attorneys' ’ fees and expenses) in connection with such suit, together with interest on the amounts set forth in due pursuant to this Section 8.3(b7.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b7.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 1 contract
Samples: Merger Agreement (Cybersource Corp)
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b7.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b7.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b7.3(b), the Company shall pay to Parent its the reasonable costs and expenses of Parent (including reasonable attorneys' fees and expenses) in connection with such suit, together with interest on the amounts set forth in this Section 8.3(b7.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b7.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 1 contract
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b) are an integral part of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly. Accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b), ) and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b), the Company shall pay to Parent its the reasonable costs and expenses of Parent (including reasonable attorneys' fees and expenses) in connection with such suit, together with interest on the amounts set forth in due pursuant to this Section 8.3(b) at the highest prime rate of Citibank, N.A. in effect on any date from the date such payment was required to be made until the date on which such payment is actually made. Payment of the fees described in this Section 8.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 1 contract
Interest and Costs; Other Remedies. The Company acknowledges that the agreements contained in this Section 8.3(b7.3(b) are an integral part parts of the transactions contemplated by this Agreement, and that, without these agreements, Parent would not enter into this Agreement; accordingly. Accordingly, if the Company fails to pay in a timely manner the amounts due pursuant to this Section 8.3(b7.3(b), and, in order to obtain such payment, Parent makes a claim that results in a judgment against the Company for the amounts set forth in this Section 8.3(b7.3(b), the Company shall pay to Parent its reasonable costs and expenses (including reasonable attorneys' ’ fees and expenses) in connection with such suit, together with interest on the amounts set forth in this Section 8.3(b7.3(b) at the prime rate of Citibank, N.A. in effect on the date such payment was required to be made. Payment of the fees described in this Section 8.3(b7.3(b) shall not be in lieu of damages incurred in the event of breach of this Agreement.
Appears in 1 contract
Samples: Merger Agreement (Vantagemed Corp)