Common use of Payment of Certain Fees Clause in Contracts

Payment of Certain Fees. (a) If this Agreement is terminated by Parent in accordance with Section 10.1(b)(ii) or 10.1(b)(iii) by the Company pursuant to Section 10.1(c)(i), then the Company shall pay to Parent a termination fee in an amount equal to U.S. $5,400,000 (the "TERMINATION FEE").

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Puerto Rican Cement Co Inc), Agreement and Plan of Merger (Cemex Sa De Cv), Agreement and Plan of Merger (Cemex Sa De Cv)

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Payment of Certain Fees. (a) If this Agreement is terminated by Parent in accordance with Section 10.1(b)(ii) or Section 10.1(b)(iii) or by the Company pursuant to Section 10.1(c)(i), then the Company shall pay to Parent in immediately available funds a termination fee in an amount equal to U.S. $5,400,000 U.S.$80 million (the "TERMINATION FEE").

Appears in 1 contract

Samples: Agreement and Plan of Merger (Southdown Inc)

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