Common use of Parent Payments Clause in Contracts

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g) or Section 8.1(i), then Parent must promptly (and in any event within two (2) Business Days) following such termination pay to the Company an amount equal to $40,000,000 in cash (the “Parent Termination Fee”).

Appears in 1 contract

Sources: Merger Agreement (Innophos Holdings, Inc.)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g) due to the willful breach of this Agreement by Parent or Merger Sub or Section 8.1(i), then Parent must promptly (and in any event within two (2) Business Days) following such termination pay to the Company an amount equal to $40,000,000 in cash 24,000,000 (the “Parent Termination Fee”).

Appears in 1 contract

Sources: Merger Agreement (Nutraceutical International Corp)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g) or Section 8.1(i), then then, in each case, Parent must shall promptly (and in any event within two (2) Business Days) Days following such termination pay termination) pay, or cause to be paid, to the Company an amount equal to $40,000,000 in cash 109,940,000 (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 (Electronics for Imaging Inc)

Parent Payments. If this Agreement is validly terminated by the Company pursuant to Section 8.1(g) [Parent Breach] or Section 8.1(i)) [Parent Failure to Close], then Parent must shall promptly (and in any event within two one (21) Business Days) Day following such termination pay termination) pay, or cause to be paid, to the Company an amount equal to $40,000,000 in cash 11,730,000 (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 (PRGX Global, Inc.)

Parent Payments. If this Agreement is validly terminated by the Company pursuant to Section 8.1(g) or Section 8.1(i), then Parent must promptly (and in any event within two (2) Business Days) following such termination pay pay, or cause to be paid to the Company a fee in an amount equal to $40,000,000 in cash 32,200,000 (minus the sum of any reimbursement and indemnification obligations of Parent under this Agreement) (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 (Blue Nile Inc)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g) or Section 8.1(i), then then, in each case, Parent must shall promptly (and in any event within two (2) Business Days) Days following such termination pay termination) pay, or cause to be paid, to the Company an amount equal to $40,000,000 in cash 124,600,000 (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 (Travelport Worldwide LTD)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g) due to the willful breach of this Agreement by Parent or Merger Sub or Section 8.1(i), then Parent must promptly (and in any event within two (2) Business Days) following such termination pay to the Company an amount equal to $40,000,000 in cash 49,500,000 (the “Parent Termination Fee”).

Appears in 1 contract

Sources: Merger Agreement (Monotype Imaging Holdings Inc.)

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(g) or Section 8.1(i), then Parent must promptly (and in any event within two (2) Business Days) following such termination pay pay, or cause to be paid, to the Company an amount equal to $40,000,000 in cash 65,250,000 (the “Parent Termination Fee”).

Appears in 1 contract

Sources: Merger Agreement (Mobileiron, Inc.)