Termination Fees; Expenses. (a) If this Agreement is validly terminated by the Partnership or Parent pursuant to the provisions of Section 8.1(b)(i) (Outside Date), then Parent shall pay to the Partnership (or its designated Affiliate) by wire transfer of immediately available funds to an account designated by the Partnership an amount equal to the Partnership Expenses, and such payment shall be made within five (5) Business Days after such termination.
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Samples: Agreement and Plan of Merger (Archrock, Inc.), Agreement and Plan of Merger (Archrock Partners, L.P.)
Termination Fees; Expenses. (a) If this Agreement is validly terminated by the Partnership or Parent pursuant to the provisions of Section 8.1(b)(i8.1(b)(iv) (Outside DateNo Parent Stockholder Approval), then Parent shall pay to the Partnership (or its designated Affiliate) by wire transfer of immediately available funds to an account designated by the Partnership an amount equal to the Partnership Expenses, and such payment shall be made within five two (52) Business Days after such termination.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Targa Resources Corp.), Agreement and Plan of Merger (Targa Resources Corp.)
Termination Fees; Expenses. (a) If this Agreement is validly terminated by the Partnership or Parent pursuant to the provisions of Section 8.1(b)(i8.1(b)(iii) (Outside DateNo Partnership Unitholder Approval), then Parent Partnership shall pay to the Partnership (or its designated Affiliate) Parent by wire transfer of immediately available funds (to an account designated by the Partnership Parent), an amount equal to the Partnership Parent Expenses, and such payment shall be made within five three (53) Business Days after following such termination.
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