Common use of Parent Payments Clause in Contracts

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

Samples: Agreement and Plan of Merger (Travelport Worldwide LTD)

AutoNDA by SimpleDocs

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(i), thenthen Parent shall, in each case, Parent shall promptly (and in any event within 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 $124,600,000 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

Samples: Agreement and Plan of Merger (Embark Technology, 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, in each case, then Parent shall must promptly (and in any event within two (2) Business Days Days) following such termination) pay, or cause to be paid, termination pay to the Company an amount equal to $124,600,000 24,000,000 (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

Samples: Agreement and Plan of Merger (Nutraceutical International Corp)

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

Samples: Agreement and Plan of Merger (Innophos Holdings, Inc.)

AutoNDA by SimpleDocs

Parent Payments. If this Agreement is validly terminated pursuant to Section 8.1(i), then, in each case, then Parent shall must promptly (and in any event within two Business Days Days) following such termination) termination pay, or cause to be paid, to the Company an amount equal to $124,600,000 65,250,000 (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

Samples: Agreement and Plan of Merger (Mobileiron, 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, in each case, then Parent shall must promptly (and in any event within two (2) Business Days Days) following such termination) pay, or cause to be paid, termination pay to the Company an amount equal to $124,600,000 49,500,000 (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

Samples: Agreement and Plan of Merger (Monotype Imaging Holdings Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.