Parent Related Parties definition
Examples of Parent Related Parties in a sentence
If this Agreement is validly terminated pursuant to Section 9.1, ▇▇▇▇▇▇’s receipt of the Company Termination Fee to the extent owed pursuant to Section 9.3(b) will be the sole and exclusive remedies of the Parent Related Parties against the Company Related Parties in respect of this Agreement, the Transaction Documents, the Transactions contemplated by this Agreement or the Transaction Documents, the termination of this Agreement, or the failure to consummate the Offer and the Merger.
Therefore, the Company Termination Fee, if, as and when required to be paid pursuant to this Section 9.3 will not constitute a penalty but rather liquidated damages in a reasonable amount that will compensate Parent, Purchaser and the Parent Related Parties in the circumstances in which it is payable for the efforts and resources expended and opportunities foregone while negotiating this Agreement and in reliance on this Agreement and on the expectation of the consummation of the Offer and the Merger.