Termination/Expiration Fees Sample Clauses

Termination/Expiration Fees. If Tenant elects not to exercise the Option (2.3) with respect to the First Extended Term, Landlord shall, within thirty (30) days of the expiration of the Primary Term, pay to Tenant a fee in an amount equal to the greater of (I) fifty percent (50%) of the amount by which the Fair Market Value of the Premises exceeds $850,000; or (ii) if, as of the expiration of the Primary Term, Landlord has agreed to sell or otherwise dispose of the Premises, fifty percent (50%) of the Profit derived, or to be derived, from the sale or other disposition of the Premises, as the case may be. If Tenant elects not to exercise the Option with respect to the Second Extended Term, Landlord shall, within thirty (30) days of the expiration of the First Extended Term, pay to Tenant a fee in an amount equal to the greater of (I) fifty percent (50%) of the amount by which the Fair Market Value of the Premises exceeds $850,000; or (ii) if, as of the expiration of the First Extended Term, Landlord has agreed to sell or otherwise dispose of the Premises, fifty percent (50%) of the Profit derived, or to be derived, from the sale or other disposition of the Premises, as the case may be. If Tenant elects to exercise the Option with respect to both the First Extended Term and the Second Extended Term, Landlord shall, within thirty (30) days of the expiration of the Second Extended Term, pay to Tenant a fee in an amount equal to the greater of (I) fifty percent (50%) of the amount by which the Fair Market Value of the Premises exceeds $850,000; or (ii) if, as of the expiration of the Second Extended Term, Landlord has agreed to sell or otherwise dispose of the Premises, fifty percent (50%) of the Profit derived, or to be derived, from the sale or other disposition of the Premises, as the case may be.
Sample 1
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Related to Termination/Expiration Fees

  • Termination/Expiration Upon termination or expiration of this Lease, Tenant shall, at Tenant's cost, remove any equipment, improvements or storage facilities utilized in connection with any Hazardous Materials and shall clean up, detoxify, repair and otherwise restore the Premises to a condition free of Hazardous Materials, to the extent such condition is caused by Tenant or any assignee or subtenant of Tenant or their respective agents, contractors, employees, licensees or invitees.

  • Termination Fees (a) If this Agreement is terminated:

  • Expenses; Termination Fees (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • Termination Expenses If this Agreement shall terminate or shall be terminated after execution pursuant to any provisions hereof (otherwise than pursuant to Section 9 hereof or Section 10 hereof (except pursuant to the first clause of Section 10(i))) or if this Agreement shall be terminated by the Underwriters because of any failure or refusal on the part of the Partnership to comply with the terms or fulfill any of the conditions of this Agreement, the Partnership agrees to reimburse the Underwriters for all reasonable out-of-pocket expenses (including reasonable fees and expenses of counsel for the Underwriters) incurred by the Underwriters in connection herewith.

  • Termination Upon Expiration Date The Trust shall automatically terminate on December 31, 20__ (the "Expiration Date") or earlier pursuant to Section 9.02.

  • Termination Fee; Expenses Except as provided in this ------------------------- Section 7.3, all fees and expenses incurred by the parties hereto shall be borne solely and entirely by the party which has incurred such fees and expenses. In the event that (A) a Takeover Proposal shall have been made known to the Company or shall have been made directly to its stockholders generally or any person shall have publicly announced an intention (whether or not conditional) to make a Takeover Proposal and thereafter this Agreement is terminated by the Company either (I) pursuant to Section 7.1(b)(iii) hereof or, (II) if the Offer has remained open for at least 20 business days and the Minimum Condition has not been satisfied (and none of the events described in paragraphs (a), (b), (d) and (e) of Annex A shall have occurred so as to result in a condition to the Offer not being satisfied), pursuant to Section 7.1(b)(ii) hereof, and in the case of either clause (I) or (II) such Takeover Proposal is consummated within one (1) year of such termination or (B) this Agreement (i) is terminated by Parent pursuant to Section 7.1(d)(ii), or (ii) is terminated by the Company pursuant to Section 7.1(c)(ii), then the Company shall pay to Parent (in the case of a termination pursuant to Section 7.1(c)(ii), prior to or simultaneously with such termination, or in the case of a termination pursuant to Section 7.1(d)(ii), not later than one (1) business day after such termination, or in the case of a termination pursuant to Section 7.1(b)(ii) or 7.1(b)(iii), upon the consummation of such Takeover Proposal) a termination fee equal to $10 million in cash and shall reimburse Parent's out-of-pocket expenses, including attorneys' fees, related to this Agreement and the transactions contemplated hereby. The fee arrangement contemplated hereby is the sole remedy hereunder and shall be paid pursuant to this Section 7.3 regardless of any alleged breach, other than a willful or intentional breach, by Parent of its obligations hereunder, provided that no payment made by the Company pursuant to this Section 7.3 shall operate or be construed as a waiver by the Company of any breach of this Agreement by Parent or Purchaser or of any rights of the Company in respect thereof.

  • Expenses; Termination Fee (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • Company Termination Fee (a) If this Agreement is terminated (i) by Parent pursuant to Section 8.4(a) (Company Change in Recommendation) or (ii) by the Company pursuant to Section 8.3(c) (Termination for Superior Proposal), then the Company shall, within two (2) Business Days after such termination in the case of clause (i) or concurrently with such termination in the case of clause (ii), pay Parent a fee equal to $356,000,000 (the “Company Termination Fee”) less any amount of Parent Expenses previously paid by the Company.

  • Termination Fee (a) In the event that:

  • Termination Fees and Expenses (a) The Company agrees that:

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