Common use of Termination Payment and Expense Reimbursement Clause in Contracts

Termination Payment and Expense Reimbursement. (a) The Offeror shall be entitled to a cash termination payment (the “Termination Payment”) in an amount equal to $43,500,000 upon the occurrence of any of the following events (each a “Termination Payment Event”), which shall be paid by CanniMed within the time specified in respect of any such Termination Payment Event:

Appears in 2 contracts

Samples: Support Agreement (Aurora Cannabis Inc), Agreement (Aurora Cannabis Inc)

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Termination Payment and Expense Reimbursement. (a) The Offeror shall be entitled to a cash termination payment (the “Termination Payment”) in an amount equal to $43,500,000 20,000,000 upon the occurrence of any of the following events (each a “Termination Payment Event”), which shall be paid by CanniMed Augusta within the time specified in respect of any such Termination Payment Event:

Appears in 2 contracts

Samples: Support Agreement (HudBay Minerals Inc.), Support Agreement (Augusta Resource CORP)

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Termination Payment and Expense Reimbursement. (a) The Offeror shall be entitled to a cash termination payment (the “Termination Payment”) in an amount equal to $43,500,000 21.6 million upon the occurrence of any of the following events (each a “Termination Payment Event”), which shall be paid by CanniMed the Company, in immediately available funds, within the time specified in respect of any such Termination Payment EventEvent to an account designated by the Offeror, as consideration for disposing of rights under this Agreement:

Appears in 1 contract

Samples: Support Agreement (HudBay Minerals Inc.)

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