Examples of Antitrust Termination Fee in a sentence
In no event shall Buyer be required to pay the Buyer Antitrust Termination Fee on more than one occasion.
Halliburton agrees to pay Xxxxx Xxxxxx on or before May 4, 2016 the Antitrust Termination Fee ($3,500,000,000), as though the Merger Agreement were terminated pursuant to Section 9.2(a) thereof, by wire transfer of immediately available funds to an account designated in writing by Xxxxx Xxxxxx.
Pasha acknowledges and agrees that Pasha shall be the sole party responsible for the payment of the Antitrust Termination Fee and Pasha may not seek contribution or payment of funds from any other Person, including Xxxxxx and the Financing Sources, for the payment of the Antitrust Termination Fee.
Notwithstanding anything to the contrary in this Agreement, if the Antitrust Termination Fee shall become due and payable in accordance with this Section 8.3(a), Buyer shall have no further liability of any kind for any reason in connection with this Agreement or the termination contemplated hereby.
For the avoidance of doubt, the parties hereto acknowledge that if any regulatory approval or other condition required for the consummation of the Merger Agreement has not been obtained or satisfied, such fact in and of itself shall not give rise to any obligation to pay the Antitrust Termination Fee under this Section 9.3.
The Parties agree and understand that in no event shall the Purchaser be required to pay the Antitrust Termination Fee on more than one occasion.
The Parties acknowledge and agree that in no event will Parent be required to pay the Antitrust Termination Fee on more than one occasion, whether or not the Antitrust Termination Fee may be payable pursuant to more than one provision of this Agreement at the same or at different times and upon the occurrence of different events.
It is agreed that with respect to the immediately preceding sentence, (x) the references to Sections 8.05(a), 8.05(b), 8.05(c) and 8.05(d) shall be interpreted as if the words “advisable” and “proper” were deleted from such sections and (y) Buyer shall have the burden of proof on proving that the Buyer Antitrust Termination Fee is not payable.
In no event shall Buyer be required to pay the Antitrust Termination Fee on more than one occasion.
The Buyer Antitrust Termination Fee shall be the sole and exclusive remedy of the Sellers, the Company and their respective Affiliates in the event of a termination of this Agreement pursuant to Section 8.1(g).