Common use of Termination Fee and Expense Reimbursement Clause in Contracts

Termination Fee and Expense Reimbursement. (a) Agnico-Eagle shall be entitled to a termination fee in the amount of $21,000,000 (the “Termination Fee”), representing approximately 3% of the aggregate value of the consideration payable under the Offer, upon the occurrence of any of the following events (each a “Termination Fee Event”), which shall be paid to Agnico-Eagle by the Company within the period of time specified in respect of each such Termination Fee Event (provided there shall be no duplication of the Company’s obligation to pay the Termination Fee under this Section 7.4(a) if more than one of the events specified herein should occur):

Appears in 4 contracts

Samples: Support Agreement (Agnico Eagle Mines LTD), Support Agreement (Agnico Eagle Mines LTD), Support Agreement (Agnico Eagle Mines LTD)

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