Reverse Termination Amount definition
Reverse Termination Amount has the meaning ascribed thereto in Section 8.2(e).
Reverse Termination Amount means $204,487,849 and “Reverse Termination Amount Event” means the termination of this Agreement:
Reverse Termination Amount means a cash payment by the Purchaser to the Company of $1.2 billion if the Arrangement Agreement is terminated pursuant to the terms of the Arrangement Agreement under certain circumstances, as more particularly described under the heading “The Arrangement – The Arrangement Agreement – Reverse Termination Amount”;
Examples of Reverse Termination Amount in a sentence
For the avoidance of doubt, amounts paid by the Purchaser to the Company pursuant to this Section 4.8(b) shall not be credited towards the payment of the Reverse Termination Amount.
For greater certainty, in no event shall the Purchaser be obligated to pay the Reverse Termination Amount on more than one occasion.
Under no circumstance shall Pure LP or Pure GP be permitted or entitled to receive both a grant of specific performance and any payment of the Reverse Termination Amount.
More Definitions of Reverse Termination Amount
Reverse Termination Amount means an amount equal to $50 million and “Reverse Termination Amount Event” means the termination of this Agreement by Pure LP pursuant to Section 7.2(1)(c)(i) or pursuant to Section 7.2(1)(c)(iii).
Reverse Termination Amount means $3,075,761.00 and “Reverse Termination Amount Event” means the termination of this Agreement by the Company pursuant to Section 7.2(a)(iii)(A) [Breach of Representation or Warranty or Failure to Perform Covenants by the Purchaser] or Section 7.2(a)(iii)(C) [Failure to Fund]. If a Reverse Termination Amount Event occurs, the Reverse Termination Amount shall be paid as promptly as practicable (and in any event within two Business Days following such Reverse Termination Amount Event). Any Reverse Termination Amount shall be paid, or caused to be paid, by the Purchaser to the Company by wire transfer in immediately available funds to an account designated by the Company.
Reverse Termination Amount means $204,487,849;
Reverse Termination Amount means (a) $41,520,000 in the event the Reverse Termination Amount Event occurs prior to 11:59:59 p.m. (Toronto time) on February 2, 2020, and (b) £28,275,895 (payable in Canadian dollars based on the spot foreign exchange rate published by Bloomberg at 11:30:00 p.m. (Toronto Time) on the date of this Agreement) in the event the Reverse Termination Amount Event occurs after 11:59:59 p.m. (Toronto time) on February 2, 2020.
Reverse Termination Amount means US$35,000,000;
Reverse Termination Amount means US$16 million.
Reverse Termination Amount means US$50,000,000 that Zijin Mining’s wholly owned subsidiary has deposited with the Deposit Agent.