Common use of Termination Fee; Reimbursement Clause in Contracts

Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 (the “Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.

Appears in 2 contracts

Samples: Voting Agreement (Central Bancorp Inc /Ma/), Agreement and Plan of Merger (Independent Bank Corp)

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Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 1,500,000 (the “Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.

Appears in 2 contracts

Samples: Voting Agreement (Mayflower Bancorp Inc), Voting Agreement (Independent Bank Corp)

Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, the Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 9.0 million (the “Company Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lakeland Bancorp Inc)

Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 900,000 (the “Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 3,500,000 (the "Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g"), in which case Company shall pay the Termination Fee at or prior to the time of such termination.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Slades Ferry Bancorp)

Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 4,500,000 (the “Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.

Appears in 1 contract

Samples: Settlement Agreement (Independent Bank Corp)

Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 1,600,000 (the “Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.66

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

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Termination Fee; Reimbursement. (ag) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 5,300,000 (the “Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 3,500,000 (the “Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 5,300,000 (the “Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Peoples Federal Bancshares, Inc.)

Termination Fee; Reimbursement. (a) In recognition of the efforts, expenses and other opportunities foregone by Buyer while structuring and pursuing the Merger, Company shall pay to Buyer by wire transfer of immediately available funds a termination fee equal to $2,200,000 26.2 million (the “Termination Fee”) in the event Company terminates this Agreement pursuant to Section 7.01(g), in which case Company shall pay the Termination Fee at or prior to the time of such termination.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

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