Common use of PAYMENT OF BUYER'S TERMINATION FEE Clause in Contracts

PAYMENT OF BUYER'S TERMINATION FEE. If this Agreement is terminated by the Sellers pursuant to Section 10.1(b) above and the failure to complete the Closing on or before the Closing Date Deadline shall have been due to the Buyer's breach of its material representations and warranties or its material covenants or obligations under this Agreement, then the Buyer shall, upon demand of the Sellers, promptly pay to the Sellers in immediately available funds, as liquidated damages for the loss of the transaction, a termination fee of $1,000,000 (the "Buyer's Termination Fee").

PAYMENT OF BUYER'S TERMINATION FEE. If this Agreement is terminated by the Sellers Seller pursuant to Section 10.1(b) above and the failure to complete the Closing on or before the Closing Date Deadline shall have been due to the Buyer's breach of its material representations and warranties or its material covenants or obligations under this Agreement, then the Buyer shall, upon demand of the SellersSeller, promptly pay to the Sellers Seller in immediately available funds, as liquidated damages for the loss of the transaction, a termination fee of $1,000,000 (the "Buyer's Termination Fee").

PAYMENT OF BUYER'S TERMINATION FEE. If this Agreement is terminated by the Sellers Seller pursuant to Section 10.1(b) above and the failure to complete the Closing on or before the Closing Date Deadline shall have been due to the Buyer's breach of its material representations and warranties or its material covenants or obligations under this Agreement, then the Buyer shall, upon demand of the SellersSeller, promptly pay to the Sellers Seller in immediately available funds, as liquidated damages for the loss of the transaction, a termination fee of $1,000,000 150,000 (the "Buyer's Termination FeeBUYER'S TERMINATION FEE").

PAYMENT OF BUYER'S TERMINATION FEE. If this Agreement is terminated by the Sellers Seller pursuant to Section 10.1(b) above and the failure to complete the Closing on or before the Closing Date Deadline shall have been due to the Buyer's breach of its material representations and warranties or its material covenants or obligations under this Agreement, then the Buyer shall, upon demand within ten days after receipt by the Buyer of written notice from the SellersSeller, promptly pay to the Sellers Seller in immediately available funds, as liquidated damages for the loss of the transactiontransaction and not as a penalty, a termination fee of $1,000,000 (the "Buyer's Termination FeeBUYER'S TERMINATION FEE").

PAYMENT OF BUYER'S TERMINATION FEE. If this Agreement is terminated by the Sellers Seller pursuant to Section 10.1(b) above and the failure to complete the Closing on or before the Closing Date Deadline shall have been due to the Buyer's knowing breach of its material representations and warranties or its material covenants or obligations under this Agreement, then the Buyer shall, upon demand of the SellersSeller, promptly pay to the Sellers Seller in immediately available funds, as liquidated damages for the loss of the transaction, a termination fee of $1,000,000 500,000 (the "Buyer's Termination FeeBUYER'S TERMINATION FEE").