Reverse Termination Amount definition

Reverse Termination Amount has the meaning specified in Section 8.2(e).

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”;

Reverse Termination Amount means $204,487,849 and “Reverse Termination Amount Event” means the termination of this Agreement:

Examples of Reverse Termination Amount in a sentence

• Cortland is obligated to pay to Pure Multi-Family (on behalf of and solely as an agent for the benefit of Unitholders) the Reverse Termination Amount of $50,000,000 in certain circumstances, including a failure by Cortland to consummate the Arrangement when required to do so under the terms of the Arrangement Agreement.

• Cortland, which the Special Committee and the Board, after receiving the advice of Scotiabank, believe is a creditworthy entity, has guaranteed the payment of the Reverse Termination Amount to Pure Multi-Family if and when payable under the Arrangement Agreement in accordance with the Limited Guarantee.

• The total earnings are the difference between the benefits and the costs.

• 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.

• The Zijin Offer protects Nevsun from risk associated with PRC Approvals by compensating Nevsun in the event Zijin Mining fails to receive PRC Approvals through a US$50 million Reverse Termination Amount held in escrow in Canada.

More Definitions of Reverse Termination Amount

Reverse Termination Amount means US$50,000,000 that Zijin Mining’s wholly owned subsidiary has deposited with the Deposit Agent.

Reverse Termination Amount has the meaning ascribed thereto in Section 8.2(5). “Reverse Termination Amount Event” has the meaning ascribed thereto in Section 8.2(5). “Scotiabank” means Scotia Capital Inc.

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 US$16 million.

Reverse Termination Amount means an amount equal to $20,000,000;

Reverse Termination Amount means an amount equal to $1,800,000.

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.