Common use of Parent Payments Clause in Contracts

Parent Payments. If this Agreement is terminated pursuant to Section 8.1(g) or Section 8.1(i), or by either Party pursuant to Section 8.1(c) and at the time of such termination the Company could have terminated this Agreement pursuant to Section 8.1(g) or Section 8.1(i), then Parent shall promptly (and in any event within three Business Days following such termination) pay, or cause to be paid, to the Company an amount equal to $11,340,000 (the “Parent Termination Fee”) by wire transfer of immediately available funds to an account or accounts designated in writing by the Company.

Appears in 2 contracts

Sources: Merger Agreement (Liberty Tax, Inc.), Merger Agreement (Vitamin Shoppe, Inc.)

Parent Payments. If this Agreement is validly terminated (i) by the Company pursuant to Section 8.1(g‎8.1(g) or Section 8.1(i), ‎8.1(i) or (ii) by either Party Parent pursuant to Section 8.1(c) and and, at the time of such termination under Section 8.1(c), the Company could have validly terminated this Agreement pursuant to Section 8.1(g‎8.1(g) or Section 8.1(i‎8.1(i), then Parent shall promptly (and in any event within three Business Days following such termination) pay, pay or cause to be paid, paid to the Company (as directed by the Company) an amount equal to $11,340,000 65,000,000 (the “Parent Termination Fee”) by wire transfer of immediately available funds to an account or accounts designated in writing by the Company).

Appears in 1 contract

Sources: Merger Agreement (HireRight Holdings Corp)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g8.1(h) or Section 8.1(i8.1(f)8.1(f), or by either Party pursuant to Section 8.1(c) and at the such time of such termination the Company could have terminated this Agreement pursuant to Section 8.1(g8.1(h) or Section 8.1(i8.1(f), then Parent shall must promptly (and and, in any event event, within three Business Days Days) following such termination) termination pay, or cause to be paid, to the Company an amount equal to $11,340,000 231,816,666.67 (the “Parent Termination Fee”) by wire transfer of immediately available funds to an account or accounts designated in writing by the Company.

Appears in 1 contract

Sources: Merger Agreement (Squarespace, Inc.)

Parent Payments. If this Agreement is validly terminated (i) by the Company pursuant to Section 8.1(g) or Section 8.1(i), ) or (ii) by either Party the Company or Parent pursuant to Section 8.1(c) and (at the a time of such termination at which the Company could have terminated had the right to terminate this Agreement pursuant to Section 8.1(g) or Section 8.1(i)), then Parent shall promptly (and in any event within three Business Days following such terminationDays) pay, or cause to be paid, to pay the Company an amount equal to a termination fee of $11,340,000 277,217,878 (the “Parent Termination Fee”) by wire transfer of immediately available funds to an account or accounts designated in writing by the Company.

Appears in 1 contract

Sources: Merger Agreement (Cvent Holding Corp.)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g) or Section 8.1(i), or by either Party pursuant to Section 8.1(c) and at the time of such termination the Company could have terminated this Agreement pursuant to Section 8.1(g) or Section 8.1(i), then Parent shall promptly (and in any event shall, within three two Business Days following such termination) pay, pay or cause to be paid, paid to the Company an or its designee a termination fee in the amount equal to of $11,340,000 1,000,000 (the “Parent Termination Fee”) by wire transfer of immediately available funds to an the account or accounts designated in writing Schedule 8.3(c) (which Schedule may be updated by the CompanyCompany from time to time).

Appears in 1 contract

Sources: Merger Agreement (Embark Technology, Inc.)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g) or Section 8.1(i), or by either Party pursuant to Section 8.1(c) and at the time of such termination the Company could have terminated this Agreement pursuant to Section 8.1(g) or Section 8.1(i), then Parent shall promptly (and in any event within three Business Days following such termination) pay, or cause to be paid, to the Company an amount equal to $11,340,000 (the Parent Termination Fee”) Fee by wire transfer of immediately available funds to an account or accounts designated in writing by the Company.

Appears in 1 contract

Sources: Merger Agreement (Otelco Inc.)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g8.1(h) or Section 8.1(i8.1(f), or by either Party pursuant to Section 8.1(c) and at the such time of such termination the Company could have terminated this Agreement pursuant to Section 8.1(g8.1(h) or Section 8.1(i8.1(f), then Parent shall must promptly (and and, in any event event, within three Business Days Days) following such termination) termination pay, or cause to be paid, to the Company an amount equal to $11,340,000 245,575,276.79 (the “Parent Termination Fee”) by wire transfer of immediately available funds to an account or accounts designated in writing by the Company.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Squarespace, Inc.)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g) or Section 8.1(i), or by either Party pursuant to Section 8.1(c) and at the such time of such termination the Company could have terminated this Agreement pursuant to Section 8.1(g) or Section 8.1(i), then Parent shall must promptly (and and, in any event event, within three Business Days Days) following such termination) termination pay, or cause to be paid, to the Company an amount equal to $11,340,000 123,200,859 (the “Parent Termination Fee”) by wire transfer of immediately available funds to an account or accounts designated in writing by the Company.

Appears in 1 contract

Sources: Merger Agreement (Cambrex Corp)