Masonite Termination Fee Clause Samples

Masonite Termination Fee. Concurrently with the execution and delivery of this Agreement by the parties, (a) the Company shall terminate the Masonite Agreement (if it has not previously been terminated) and (b) Parent shall pay or cause to be paid to the Company (or, at the direction of the Company, to Masonite on behalf of the Company) the Company Termination Fee (as defined in the Masonite Agreement) by wire transfer of immediately available funds, without any further liability to the Company.