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

PAYMENT OF SELLER'S TERMINATION FEE. If this Agreement is terminated by the Buyer 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 Sellers' breach of any of their material representations and warranties or any of their material covenants or obligations under this Agreement, then the Sellers, jointly and severally, shall, upon demand of the Buyer, promptly pay to the Buyer in immediately available funds, as liquidated damages for the loss of the transaction, a termination fee of $1,000,000 (the "Sellers' Termination Fee").

PAYMENT OF SELLER'S TERMINATION FEE. If this Agreement is terminated by the Buyer 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 Sellers' Seller's breach of any of their material representations and warranties or any of their material covenants or obligations under this Agreement, then the Sellers, jointly and severally, Seller shall, upon demand of the Buyer, promptly pay to the Buyer in immediately available funds, as liquidated damages for the loss of the transaction, a termination fee of $1,000,000 150,000 (the "Sellers' Termination FeeSELLER'S TERMINATION FEE").

PAYMENT OF SELLER'S TERMINATION FEE. If this Agreement is terminated by the Buyer 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 SellersSeller's or the Companies' breach of any of their material representations and warranties or any of their material covenants or obligations under this Agreement, then the SellersSeller and the Companies, jointly and severally, shall, upon demand of the Buyer, promptly pay to the Buyer in immediately available funds, as liquidated damages for the loss of the transaction, a termination fee of $1,000,000 (the "Sellers' Seller's Termination Fee").

PAYMENT OF SELLER'S TERMINATION FEE. If this Agreement is terminated by the Buyer 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 Sellers' Seller's breach of any of their his material representations and warranties or any of their his material covenants or obligations under this Agreement, then the Sellers, jointly and severally, Seller shall, upon demand of the Buyer, promptly pay to the Buyer in immediately available funds, as liquidated damages for the loss of the transaction, a termination fee of $1,000,000 500,000 (the "Sellers' Termination FeeSELLER'S TERMINATION FEE").

PAYMENT OF SELLER'S TERMINATION FEE. If this Agreement is terminated by the Buyer 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 Sellers' Seller's breach of any of their his material representations and warranties or any of their his material covenants or obligations under this Agreement, then the Sellers, jointly and severally, Seller shall, upon demand within ten days after receipt by the Seller of written notice by the Buyer, promptly pay to the Buyer 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 "Sellers' Termination FeeSELLER'S TERMINATION FEE").