Seller Termination Fee definition

Seller Termination Fee has the meaning set forth in Section 9.02(b).

Seller Termination Fee shall have the meaning ascribed in Section 6.14(a).

Seller Termination Fee shall have the meaning set forth in Section 8.3(a)(i).

Examples of Seller Termination Fee in a sentence

• If this Agreement is terminated for any reason that does not result in the payment of the Seller Termination Fee, the Deposit shall be released from escrow and refunded to Buyer not later than five (5) business days following such termination.

• Only one Seller Termination Fee shall be payable to Seller regardless of the circumstances.

• Notwithstanding anything to the contrary in this Agreement, Purchaser’s receipt of the Seller Termination Fee pursuant to the preceding sentence shall be the sole and exclusive remedy, including on account of punitive damages, of the Purchaser and its Subsidiaries against Seller or any of its Subsidiaries, Affiliates, stockholders, directors, officers, employees or agents for any and all Losses suffered as a result of the termination of this Agreement pursuant to Section 9.01(c)(ii) or Section 9.01(d)(ii).

• In no event will Seller be required to pay the Seller Termination Fee other than in the instance described in this Section ‎9.3(a) and in no event will Seller be required to pay the Seller Termination Fee on more than one occasion.

• The Parties acknowledge that the Seller Termination Fee will not constitute a penalty but is liquidated damages, in a reasonable amount that will compensate Purchaser and Parent for the efforts and resources expended and opportunities foregone while negotiating this Agreement and in reliance on this Agreement, which amount would otherwise be impossible to calculate with precision.

More Definitions of Seller Termination Fee

Seller Termination Fee. As defined in Section 15.3.

Seller Termination Fee means any fee payable by the Seller to Buyer Parent pursuant to Sections 11.3(a), 11.3(b), 11.3(c), 11.3(d) or 11.3(e).

Seller Termination Fee means if this Agreement is terminated by Buyer, (a) on or prior to the time the First Extension Fee is paid, Ten Million Dollars ($10,000,000), (b) after the time the First Extension Fee is paid and prior to the time the Second Extension Fee is paid, Fifteen Million Dollars ($15,000,000), and (c) after the Second Extension Fee is paid, Twenty Million Dollars ($20,000,000).

Seller Termination Fee shall have the meaning set forth in Section 11.3(b).

Seller Termination Fee means the sum of $2,450,000.00.

Seller Termination Fee means $70,000,000.

Seller Termination Fee means any of the HHI Seller Termination Fee or the TLM Seller Termination Fee, as applicable.