{"component": "clause", "props": {"groups": [{"snippet": "(a) If:\n(i) Cedara shall terminate this Agreement pursuant to section 6.3(c)(iv);\n(ii) Merge shall terminate this Agreement pursuant to section 6.3(c)(iii); or\n(iii) either Cedara or Merge shall terminate this Agreement pursuant to section 6.3(c)(vii) in circumstances where Cedara shareholder approval has not been obtained at the Cedara Meeting, and (x) a bona fide Cedara Acquisition Proposal has been made by any person other than a Merge Party prior to Cedara Meeting and not withdrawn more than five days prior to the vote of Cedara Shareholders and (y) Cedara enters into an agreement with respect to a Cedara Acquisition Proposal, or a Cedara Acquisition Proposal is consummated, after the date hereof and prior to the expiration of twelve months following termination of this Agreement; then in any such case Cedara shall pay to Merge US$7,000,000 in immediately available funds to an account designated by Merge. Such payment shall be due (A) in the case of a termination specified in clause (i), prior to the termination of this Agreement, (B) in the case of a termination specified in clause (ii), within five Business Days after written notice of termination by Merge or (C) in the case of a termination specified in clause (iii), at or prior to the earlier of the entering into of the agreement and the consummation of the transaction referred to therein. Cedara shall not be obligated to make more than one payment pursuant to this section 6.4(a).\n(b) If:\n(i) Merge shall terminate this Agreement pursuant to section 6.3(c)(vi);\n(ii) Cedara shall terminate this Agreement pursuant to section 6.3(c)(v); or\n(iii) either Cedara or Merge shall terminate this Agreement pursuant to section 6.3(c)(vii) in circumstances where Merge shareholder approval has not been obtained at the Merge Meeting, and (x) a bona fide Merge Acquisition Proposal has been made by any person prior to the Merge Meeting and not withdrawn more than five days prior to the vote of the holders of Merge Common Shares and (y) Merge enters into an agreement with respect to a Merge Acquisition Proposal, or a Merge Acquisition Proposal is consummated, after the date hereof and prior to the expiration of twelve months following termination of this Agreement; then in any such case Merge shall pay to Cedara US$7,000,000 in immediately available funds to an account designated by Cedara. Such payment shall be due (A) in the case of a termination specified in clause (i), prior to the termination of this Agreement, (B) in the case of a termination specified in clause (ii), within five Business Days after written notice of termination by Cedara or (C) in the case of a termination specified in clause (iii), at or prior to the earlier of the entering into of the agreement and the consummation of the transaction referred to therein. Merge shall not be obligated to make more than one payment pursuant to this section 6.4(b).\n(c) If the holders of Cedara Common Shares shall fail to approve the Arrangement at the Cedara Meeting, then at 11:00 a.m., Milwaukee, Wisconsin time, on the first Business Day following Cedara Meeting, Cedara shall reimburse Merge for the Merge Parties\u2019 out-of-pocket costs and expenses in connection with the transaction contemplated by this Agreement, not to exceed US$1.5 million, which shall be paid in immediately available funds to an account designated by Merge. If the holders of Merge Common Shares shall fail to approve the Merger at the Merge Meeting, then at 11:00 a.m., Milwaukee, Wisconsin time, on the first Business Day following the Merge Meeting, Merge shall reimburse Cedara for Cedara\u2019s out-of-pocket costs and expenses in connection with the transaction contemplated by this Agreement, not to exceed US$1.5 million, which shall be paid in immediately available funds to an account designated by Cedara.", "samples": [{"hash": "2zIrqT8dLqX", "uri": "/contracts/2zIrqT8dLqX#break-fee", "label": "Merger Agreement (Merge Technologies Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "terminate-this-agreement", "type": "clause", "offset": [25, 49]}, {"key": "pursuant-to-section", "type": "definition", "offset": [50, 69]}, {"key": "shareholder-approval", "type": "definition", "offset": [282, 302]}, {"key": "bona-fide", "type": "clause", "offset": [358, 367]}, {"key": "acquisition-proposal", "type": "definition", "offset": [375, 395]}, {"key": "any-person", "type": "definition", "offset": [413, 423]}, {"key": "prior-to-the", "type": "clause", "offset": [511, 523]}, {"key": "an-agreement", "type": "clause", "offset": [579, 591]}, {"key": "with-respect-to", "type": "clause", "offset": [592, 607]}, {"key": "date-hereof", "type": "clause", "offset": [698, 709]}, {"key": "expiration-of", "type": "clause", "offset": [727, 740]}, {"key": "twelve-months", "type": "definition", "offset": [741, 754]}, {"key": "following-termination-of-this-agreement", "type": "clause", "offset": [755, 794]}, {"key": "to-merge", "type": "definition", "offset": [835, 843]}, {"key": "immediately-available-funds", "type": "clause", "offset": [860, 887]}, {"key": "in-the-case", "type": "clause", "offset": [953, 964]}, {"key": "a-termination", "type": "definition", "offset": [968, 981]}, {"key": "in-clause", "type": "clause", "offset": [992, 1001]}, {"key": "the-termination", "type": "clause", "offset": [1016, 1031]}, {"key": "days-after", "type": "definition", "offset": [1131, 1141]}, {"key": "notice-of-termination-by", "type": "clause", "offset": [1150, 1174]}, {"key": "entering-into", "type": "clause", "offset": [1278, 1291]}, {"key": "the-agreement", "type": "clause", "offset": [1295, 1308]}, {"key": "consummation-of-the-transaction", "type": "clause", "offset": [1317, 1348]}, {"key": "one-payment", "type": "clause", "offset": [1418, 1429]}, {"key": "holders-of", "type": "clause", "offset": [1972, 1982]}, {"key": "common-shares", "type": "clause", "offset": [1989, 2002]}, {"key": "to-approve", "type": "clause", "offset": [2966, 2976]}, {"key": "the-arrangement", "type": "clause", "offset": [2977, 2992]}, {"key": "costs-and-expenses", "type": "definition", "offset": [3181, 3199]}, {"key": "in-connection-with", "type": "clause", "offset": [3200, 3218]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [3235, 3265]}, {"key": "not-to-exceed", "type": "definition", "offset": [3267, 3280]}, {"key": "the-merger", "type": "clause", "offset": [3443, 3453]}, {"key": "following-the", "type": "definition", "offset": [3549, 3562]}], "size": 4, "hash": "f688ec48d17fd124396c4004abd7656d", "id": 6}, {"snippet": "Break Fee means an amount payable by you under clause 23.1", "samples": [{"hash": "74Kyb5VGrGr", "uri": "/contracts/74Kyb5VGrGr#break-fee", "label": "Sale of Electricity Agreement", "score": 28.2072563171, "published": true}, {"hash": "6RbWWNprymT", "uri": "/contracts/6RbWWNprymT#break-fee", "label": "Sale of Electricity Agreement", "score": 24.6112251282, "published": true}], "snippet_links": [{"key": "amount-payable", "type": "definition", "offset": [19, 33]}, {"key": "under-clause", "type": "clause", "offset": [41, 53]}], "size": 3, "hash": "8cebdeb9e7997a029d83c763fdfb50bf", "id": 9}, {"snippet": "The amount, if any, determined by multiplying (a) the difference (but not less than zero) between (i) the U.S. Treasury constant maturity yield (from the Federal Reserve daily H.15 Report) having a maturity closest to the Maturity Date of the Bonds, as of the Rate Lock Date, or, if no such maturity is reported, an interpolated yield based on the maturity that is next shorter than the Maturity Date, and the maturity that is next longer than the Maturity Date, and (ii) the U.S. Treasury constant maturity yield (from the Federal Reserve daily H.15 Report) having a maturity closest to the Maturity Date of the Bonds, as of the Rate Lock Expiration Date, or, if no such maturity is reported, an interpolated yield based on the maturity that is next shorter than the Maturity Date, and the maturity that is next longer than the Maturity Date, times (b) 50% of the Par Amount, times (c) the number of days to the Maturity Date (sample Break Fee calculation is included as Schedule I hereto).", "samples": [{"hash": "5e2UPWnN3v4", "uri": "/contracts/5e2UPWnN3v4#break-fee", "label": "Interest Rate Lock Agreement", "score": 33.9909553528, "published": true}, {"hash": "lEY2KOH5RSR", "uri": "/contracts/lEY2KOH5RSR#break-fee", "label": "Interest Rate Lock Agreement", "score": 33.8859481812, "published": true}, {"hash": "dQSeRHvEu47", "uri": "/contracts/dQSeRHvEu47#break-fee", "label": "Interest Rate Lock Agreement", "score": 33.6048660278, "published": true}], "snippet_links": [{"key": "the-us", "type": "clause", "offset": [102, 109]}, {"key": "federal-reserve", "type": "clause", "offset": [154, 169]}, {"key": "having-a", "type": "definition", "offset": [189, 197]}, {"key": "maturity-date-of-the-bonds", "type": "definition", "offset": [222, 248]}, {"key": "rate-lock-date", "type": "definition", "offset": [260, 274]}, {"key": "based-on", "type": "definition", "offset": [335, 343]}, {"key": "rate-lock-expiration-date", "type": "definition", "offset": [630, 655]}, {"key": "par-amount", "type": "definition", "offset": [865, 875]}, {"key": "number-of-days", "type": "clause", "offset": [891, 905]}, {"key": "fee-calculation", "type": "clause", "offset": [941, 956]}, {"key": "schedule-i", "type": "definition", "offset": [972, 982]}], "size": 3, "hash": "321a5291602629cc29e9b2c1d31ab714", "id": 7}, {"snippet": "(a) If:\n(i) either Teck or Westshore shall terminate this Agreement pursuant to Section 6.2(d)(iii) or Fording shall terminate this Agreement pursuant to Section 6.2(d)(iv) in circumstances where Teck and Westshore are not in material breach of their obligations under this Agreement;\n(ii) either Fording, Teck or Westshore shall terminate this Agreement pursuant to Section 6.2(d)(v) and the Board of Directors, within six months following the date of the Fording Meeting, approves or recommends an Acquisition Proposal that was publicly made, publicly announced or otherwise publicly disclosed by any Person other than Teck prior to the Fording Meeting but subsequent to the date hereof or such an Acquisition Proposal is actually consummated within six months following the date of the Fording Meeting; or\n(iii) after OTPP and Sherritt withdraw the SCAI Offer pursuant to Section 2.3(m) of this Agreement, OTPP and/or Sherritt or any of their respective Affiliates makes a new Acquisition Proposal after the date of this Agreement on terms substantially similar or superior to those in the SCAI Offer as it existed on December 16, 2002 and the Board of Directors, within six months following the date hereof, approves or recommends such Acquisition Proposal or such Acquisition Proposal is actually consummated within six months following the date of the Fording Meeting, then in any such case Fording shall pay to Teck and Westshore together the Break Fee in immediately available funds to an account designated by Teck and Westshore. Such payment shall be due (A) in the case of a termination specified in clause (i), within one Business Day after written notice of termination by Teck or Westshore or (B) in the case of a termination specified in clause (ii) or (iii) above, one Business Day after the approval, recommendation or consummation of an Acquisition Proposal as described in Section 6.3(a)(ii) or (iii).", "samples": [{"hash": "2rBp5VTzwNh", "uri": "/contracts/2rBp5VTzwNh#break-fee", "label": "Combination Agreement (Ontario Teachers Pension Plan Board)", "score": 18.0, "published": true}], "snippet_links": [{"key": "terminate-this-agreement", "type": "clause", "offset": [43, 67]}, {"key": "pursuant-to-section", "type": "definition", "offset": [68, 87]}, {"key": "breach-of", "type": "clause", "offset": [235, 244]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [251, 283]}, {"key": "the-board-of-directors", "type": "definition", "offset": [389, 411]}, {"key": "six-months", "type": "definition", "offset": [420, 430]}, {"key": "following-the", "type": "definition", "offset": [431, 444]}, {"key": "fording-meeting", "type": "definition", "offset": [457, 472]}, {"key": "acquisition-proposal", "type": "definition", "offset": [500, 520]}, {"key": "publicly-announced", "type": "definition", "offset": [545, 563]}, {"key": "publicly-disclosed", "type": "clause", "offset": [577, 595]}, {"key": "any-person", "type": "definition", "offset": [599, 609]}, {"key": "prior-to-the", "type": "clause", "offset": [626, 638]}, {"key": "subsequent-to-the", "type": "clause", "offset": [659, 676]}, {"key": "date-hereof", "type": "clause", "offset": [677, 688]}, {"key": "respective-affiliates", "type": "definition", "offset": [946, 967]}, {"key": "new-acquisition", "type": "definition", "offset": [976, 991]}, {"key": "agreement-on-terms", "type": "clause", "offset": [1024, 1042]}, {"key": "substantially-similar", "type": "definition", "offset": [1043, 1064]}, {"key": "on-december", "type": "clause", "offset": [1118, 1129]}, {"key": "pay-to", "type": "definition", "offset": [1411, 1417]}, {"key": "the-break-fee", "type": "clause", "offset": [1446, 1459]}, {"key": "immediately-available-funds", "type": "clause", "offset": [1463, 1490]}, {"key": "in-the-case", "type": "clause", "offset": [1569, 1580]}, {"key": "a-termination", "type": "definition", "offset": [1584, 1597]}, {"key": "in-clause", "type": "clause", "offset": [1608, 1617]}, {"key": "within-one-business-day", "type": "clause", "offset": [1623, 1646]}, {"key": "termination-by-teck", "type": "clause", "offset": [1671, 1690]}, {"key": "the-approval", "type": "clause", "offset": [1804, 1816]}, {"key": "consummation-of", "type": "clause", "offset": [1836, 1851]}], "size": 5, "hash": "54c4f672481776453a7fca050cd73849", "id": 2}, {"snippet": "AlixPartners does not require a Break Fee in connection with this engagement.", "samples": [{"hash": "ijuW14nLnvf", "uri": "/contracts/ijuW14nLnvf#break-fee", "label": "Agreement for the Provision of Services (Clark Holdings Inc.)", "score": 20.5331954956, "published": true}, {"hash": "DPvgpZZCU6", "uri": "/contracts/DPvgpZZCU6#break-fee", "label": "Agreement for the Provision of Services (Clark Holdings Inc.)", "score": 20.2813148499, "published": true}], "snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [42, 60]}], "size": 4, "hash": "c6009ba7cb1a0189e84de6036cba9d4c", "id": 3}, {"snippet": "To the extent that any term sheet, letter of intent or other agreement or understanding relating to the Required Financing (each a \u201cFinancing Term Sheet\u201d) includes any break-fee, termination fee, or other expenses payable by the Purchaser upon termination thereof, to the proposed lender, financier, investment bank or agent (each a \u201cBreak-Fee\u201d), despite the Parties\u2019 best efforts to avoid such a requirement, each of the Purchaser and Sellers shall be responsible for fifty percent (50%) of any such Break-Fee. If so required by the lender, despite the Parties\u2019 best efforts to avoid such a requirement, upon the entry into such Financing Term Sheet by the Purchaser, which Financing Term Sheet shall require the approval of the Sellers prior to the Purchaser\u2019s execution thereof, the Purchaser and the Sellers shall each place 50% of the Break-Fee into an interest-bearing escrow account to (a) be used to satisfy any Break-Fee; or (b) to be returned to the advancing party upon completion of such financing. For the sake of clarity, any amounts remaining in the escrow account upon completion of the Required Financing or termination of the Financing Term Sheet (after the amount of the payment of an Break-Fee) shall be returned 50% to the Purchaser and 50% to the Seller. All interest shall accompany the principal on which it accrued. In the event that this Agreement is terminated by a Party pursuant to Section9.1.1(x) hereof, the full amount of the applicable Break-Fee shall be paid by the non-terminating (i.e., breaching) Party, and any amount in escrow provided by the non-terminating Party shall be released to the terminating Party (together with amounts funded by the terminating Party) to pay such Break-Fee, provided that the non-terminating Party shall also promptly pay the remainder of the Break-Fee.", "samples": [{"hash": "egD0dzUbCQh", "uri": "/contracts/egD0dzUbCQh#break-fee", "label": "Sale and Purchase Agreement of Share Capital (Golden Matrix Group, Inc.)", "score": 32.0294303894, "published": true}], "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "letter-of-intent", "type": "definition", "offset": [35, 51]}, {"key": "agreement-or", "type": "definition", "offset": [61, 73]}, {"key": "relating-to", "type": "definition", "offset": [88, 99]}, {"key": "required-financing", "type": "definition", "offset": [104, 122]}, {"key": "financing-term-sheet", "type": "clause", "offset": [132, 152]}, {"key": "termination-fee", "type": "definition", "offset": [179, 194]}, {"key": "expenses-payable-by-the-purchaser", "type": "clause", "offset": [205, 238]}, {"key": "upon-termination", "type": "clause", "offset": [239, 255]}, {"key": "proposed-lender", "type": "definition", "offset": [272, 287]}, {"key": "investment-bank", "type": "clause", "offset": [300, 315]}, {"key": "the-parties", "type": "definition", "offset": [355, 366]}, {"key": "best-efforts", "type": "definition", "offset": [368, 380]}, {"key": "purchaser-and-sellers", "type": "clause", "offset": [422, 443]}, {"key": "responsible-for", "type": "clause", "offset": [453, 468]}, {"key": "fifty-percent", "type": "definition", "offset": [469, 482]}, {"key": "by-the-lender", "type": "clause", "offset": [527, 540]}, {"key": "of-the-sellers", "type": "clause", "offset": [723, 737]}, {"key": "prior-to-the", "type": "clause", "offset": [738, 750]}, {"key": "purchaser-and-the", "type": "clause", "offset": [786, 803]}, {"key": "an-interest", "type": "clause", "offset": [855, 866]}, {"key": "advancing-party", "type": "definition", "offset": [960, 975]}, {"key": "amounts-remaining", "type": "clause", "offset": [1040, 1057]}, {"key": "the-escrow-account", "type": "clause", "offset": [1061, 1079]}, {"key": "upon-completion-of-the", "type": "clause", "offset": [1080, 1102]}, {"key": "the-financing", "type": "clause", "offset": [1140, 1153]}, {"key": "payment-of", "type": "definition", "offset": [1190, 1200]}, {"key": "to-the-seller", "type": "definition", "offset": [1262, 1275]}, {"key": "the-principal", "type": "clause", "offset": [1306, 1319]}, {"key": "in-the-event", "type": "clause", "offset": [1341, 1353]}, {"key": "this-agreement", "type": "clause", "offset": [1359, 1373]}, {"key": "by-a-party", "type": "clause", "offset": [1388, 1398]}, {"key": "pursuant-to", "type": "definition", "offset": [1399, 1410]}, {"key": "the-applicable", "type": "clause", "offset": [1454, 1468]}, {"key": "the-non", "type": "clause", "offset": [1496, 1503]}, {"key": "terminating-party", "type": "clause", "offset": [1586, 1603]}, {"key": "to-pay", "type": "clause", "offset": [1703, 1709]}, {"key": "provided-that", "type": "definition", "offset": [1726, 1739]}], "size": 3, "hash": "5c67c049fa56c351ac1dd701c561e138", "id": 10}, {"snippet": "APS does not seek a break fee in connection with this engagement.", "samples": [{"hash": "go6LcMI0yhm", "uri": "/contracts/go6LcMI0yhm#break-fee", "label": "Agreement for Interim Management Services (Latch, Inc.)", "score": 33.9650917053, "published": true}, {"hash": "6dIAE7cj2XK", "uri": "/contracts/6dIAE7cj2XK#break-fee", "label": "Agreement for the Provision of Interim Management Services (Clover Health Investments, Corp. /De)", "score": 30.8548946381, "published": true}, {"hash": "5zUVHOtZXSn", "uri": "/contracts/5zUVHOtZXSn#break-fee", "label": "Agreement for the Provision of Interim Management Services (Clover Health Investments, Corp. /De)", "score": 30.8548946381, "published": true}], "snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [30, 48]}], "size": 18, "hash": "28093c8ddfabe8dd857814c8d7550b79", "id": 1}, {"snippet": "23.1 You acknowledge and agree that you have entered into a fixed term agreement with us and if a Break Fee Event occurs prior to the End Date, we may suffer loss. To allow us to recover our genuine pre-estimate of that loss, we may charge you, and you agree to pay, the Break Fee in accordance with this clause 23.\n23.2 The Break Fee is an amount equal to all of the Energy Charges we estimate we would have received from you for your Unconsumed Load, less the costs (including our costs of purchasing electricity at our Forward Cost of Electricity, our Cost to Serve and Cost to Carry) we estimate we would have incurred to buy and supply that Unconsumed Load to you for the remaining term of the Agreement, in each case referable to Peak Time, Shoulder Time (where applicable) and Off Peak Time.", "samples": [{"hash": "74Kyb5VGrGr", "uri": "/contracts/74Kyb5VGrGr#break-fee", "label": "Sale of Electricity Agreement", "score": 28.2072563171, "published": true}, {"hash": "6RbWWNprymT", "uri": "/contracts/6RbWWNprymT#break-fee", "label": "Sale of Electricity Agreement", "score": 24.6112251282, "published": true}], "snippet_links": [{"key": "you-acknowledge-and-agree-that", "type": "clause", "offset": [5, 35]}, {"key": "entered-into", "type": "clause", "offset": [45, 57]}, {"key": "fixed-term-agreement", "type": "clause", "offset": [60, 80]}, {"key": "break-fee-event", "type": "definition", "offset": [98, 113]}, {"key": "the-end-date", "type": "definition", "offset": [130, 142]}, {"key": "allow-us-to", "type": "clause", "offset": [167, 178]}, {"key": "to-pay", "type": "clause", "offset": [259, 265]}, {"key": "the-break-fee", "type": "clause", "offset": [267, 280]}, {"key": "in-accordance-with", "type": "definition", "offset": [281, 299]}, {"key": "clause-23", "type": "clause", "offset": [305, 314]}, {"key": "equal-to", "type": "definition", "offset": [348, 356]}, {"key": "energy-charges", "type": "definition", "offset": [368, 382]}, {"key": "unconsumed-load", "type": "definition", "offset": [436, 451]}, {"key": "costs-of", "type": "clause", "offset": [483, 491]}, {"key": "cost-of-electricity", "type": "clause", "offset": [530, 549]}, {"key": "to-serve", "type": "definition", "offset": [560, 568]}, {"key": "term-of-the-agreement", "type": "clause", "offset": [687, 708]}, {"key": "each-case", "type": "definition", "offset": [713, 722]}, {"key": "peak-time", "type": "definition", "offset": [736, 745]}, {"key": "where-applicable", "type": "clause", "offset": [762, 778]}], "size": 3, "hash": "17b7201608816f325bd49b5364b8e36d", "id": 8}, {"snippet": "20.1 If any of the following events occur, Chaucer shall pay to Hanover the Break Fee in accordance with the provisions of Clause 20.2 and 20.3:\n20.1.1 the Scheme or the Offer, as the case may be, is withdrawn or lapses and, before that time, an Alternative Proposal is announced which Alternative Proposal subsequently becomes or is declared wholly unconditional, becomes effective or is otherwise completed before or within 12 months of the date on which the Scheme, or the Offer, is withdrawn or lapses; or\n20.1.2 whether the Acquisition is being implemented by means of the Scheme or the Offer, the Board of Chaucer do not unanimously and without qualification recommend that Chaucer shareholders vote in favour of the Scheme Resolution and the Chaucer General Meeting Resolutions or accept the Offer, as the case may be, or, having made such a recommendation the Board of Chaucer (or any committee of such Board) at any time withdraw, or adversely modify, or qualify such recommendation or Chaucer or the Chaucer Directors fail to take all appropriate and necessary steps or fail to comply in any material respect with its or their obligations in accordance with the Timetable and in the manner contemplated by this Agreement to implement the Scheme or the Offer, as the case may be; or\n20.1.3 the Chaucer General Meeting Resolutions required to implement the Scheme and the Acquisition and/or the Scheme Resolution are not passed by the requisite majorities and the Scheme is subsequently withdrawn, is not implemented or lapses.\n20.2 Chaucer shall pay the Break Fee no later than five (5) Business Days after demand from Hanover which may only be made after the withdrawal, failure to implement or lapse of the Scheme or the Offer, or in the circumstances set out in Clause 20.1.1 after the Alternative Proposal becomes or is declared wholly unconditional, becomes effective or is otherwise completed, as applicable. All sums payable under this Clause 20 shall be paid in the form of an electronic funds transfer for same day value to such person and such bank account or accounts as may be notified by Hanover to Chaucer and shall be paid in full, free from any deduction or withholding whatsoever (save only as may be required by law) and without regard to any lien, right of set-off, counterclaim or otherwise.\n20.3 The Parties intend and shall use all reasonable endeavours to secure that the Break Fee is not treated for VAT purposes as consideration for a taxable supply. If and to the extent that H.M. Revenue & Customs determine that the Break Fee is consideration for a taxable supply, and that Chaucer (or the representative member of a VAT group of which Chaucer is a member) is chargeable to VAT in respect of such supply, all or part of which is not recoverable by Chaucer (or such representative member, as appropriate), then (a) the amount payable by Chaucer to Hanover in respect of the Break Fee shall be reduced so that the amount payable, together with any irrevocable VAT arising in respect of the supply for which the payment is consideration, is equal to the Break Fee; and (b) to the extent that Chaucer has already paid an amount to Hanover in respect of the Break Fee which exceeds the amount described in sub-clause (a) above, Hanover shall repay to Chaucer such amount as will ensure that the aggregate amount paid by Chaucer by way of Break Fee, together with the irrecoverable VAT mentioned in sub-clause (a) above and less the repayment mentioned in this sub-clause (b), is equal to the Break Fee.\n20.4 Nothing in this Agreement shall oblige Chaucer to pay any amount which the Panel determines would not be permitted by Rule 21.2 of the Code.", "samples": [{"hash": "lQoHoYRbQib", "uri": "/contracts/lQoHoYRbQib#break-fee", "label": "Implementation Agreement (Hanover Insurance Group, Inc.)", "score": 20.3004798889, "published": true}], "snippet_links": [{"key": "pay-to", "type": "definition", "offset": [57, 63]}, {"key": "the-break-fee", "type": "clause", "offset": [72, 85]}, {"key": "in-accordance-with", "type": "definition", "offset": [86, 104]}, {"key": "the-provisions-of", "type": "clause", "offset": [105, 122]}, {"key": "clause-20", "type": "clause", "offset": [123, 132]}, {"key": "the-offer", "type": "clause", "offset": [166, 175]}, {"key": "the-case", "type": "definition", "offset": [180, 188]}, {"key": "alternative-proposal", "type": "definition", "offset": [246, 266]}, {"key": "the-acquisition", "type": "clause", "offset": [525, 540]}, {"key": "of-the-scheme", "type": "clause", "offset": [571, 584]}, {"key": "the-board-of", "type": "clause", "offset": [599, 611]}, {"key": "shareholders-vote", "type": "clause", "offset": [688, 705]}, {"key": "in-favour-of", "type": "definition", "offset": [706, 718]}, {"key": "scheme-resolution", "type": "definition", "offset": [723, 740]}, {"key": "general-meeting-resolutions", "type": "definition", "offset": [757, 784]}, {"key": "a-recommendation", "type": "definition", "offset": [847, 863]}, {"key": "at-any-time", "type": "clause", "offset": [918, 929]}, {"key": "necessary-steps", "type": "clause", "offset": [1061, 1076]}, {"key": "material-respect", "type": "definition", "offset": [1102, 1118]}, {"key": "the-timetable", "type": "clause", "offset": [1168, 1181]}, {"key": "agreement-to", "type": "definition", "offset": [1221, 1233]}, {"key": "days-after", "type": "definition", "offset": [1605, 1615]}, {"key": "failure-to-implement", "type": "clause", "offset": [1681, 1701]}, {"key": "set-out", "type": "definition", "offset": [1763, 1770]}, {"key": "in-clause", "type": "clause", "offset": [1771, 1780]}, {"key": "all-sums-payable", "type": "clause", "offset": [1924, 1940]}, {"key": "this-clause", "type": "clause", "offset": [1947, 1958]}, {"key": "form-of", "type": "clause", "offset": [1983, 1990]}, {"key": "electronic-funds-transfer", "type": "definition", "offset": [1994, 2019]}, {"key": "same-day-value", "type": "definition", "offset": [2024, 2038]}, {"key": "account-or-accounts", "type": "definition", "offset": [2068, 2087]}, {"key": "paid-in-full", "type": "definition", "offset": [2142, 2154]}, {"key": "deduction-or-withholding", "type": "clause", "offset": [2170, 2194]}, {"key": "required-by-law", "type": "definition", "offset": [2227, 2242]}, {"key": "right-of-set", "type": "clause", "offset": [2276, 2288]}, {"key": "the-parties", "type": "definition", "offset": [2326, 2337]}, {"key": "all-reasonable-endeavours", "type": "clause", "offset": [2359, 2384]}, {"key": "to-secure", "type": "clause", "offset": [2385, 2394]}, {"key": "taxable-supply", "type": "clause", "offset": [2469, 2483]}, {"key": "to-the-extent", "type": "clause", "offset": [2492, 2505]}, {"key": "representative-member", "type": "definition", "offset": [2627, 2648]}, {"key": "vat-group", "type": "definition", "offset": [2654, 2663]}, {"key": "a-member", "type": "definition", "offset": [2684, 2692]}, {"key": "in-respect-of", "type": "definition", "offset": [2715, 2728]}, {"key": "amount-payable", "type": "definition", "offset": [2855, 2869]}, {"key": "irrevocable-vat", "type": "definition", "offset": [2983, 2998]}, {"key": "the-payment", "type": "clause", "offset": [3042, 3053]}, {"key": "equal-to", "type": "definition", "offset": [3075, 3083]}, {"key": "amount-paid", "type": "definition", "offset": [3337, 3348]}, {"key": "irrecoverable-vat", "type": "definition", "offset": [3399, 3416]}, {"key": "nothing-in-this-agreement", "type": "clause", "offset": [3540, 3565]}, {"key": "to-pay", "type": "clause", "offset": [3587, 3593]}, {"key": "the-panel", "type": "clause", "offset": [3611, 3620]}, {"key": "permitted-by-rule", "type": "definition", "offset": [3645, 3662]}, {"key": "the-code", "type": "clause", "offset": [3671, 3679]}], "size": 4, "hash": "7aefcc254802e413bc89a73475e8f90b", "id": 4}, {"snippet": "If this Agreement is terminated:\n(a) by Purchaser pursuant to Section 8.1(c);\n(b) by Fording pursuant to Section 8.1(f);\n(c) by Purchaser pursuant to Section 8.1(d); or\n(d) by Purchaser pursuant to Section 8.1(b) or Section 8.1(e), but only if:\n(i) after the date of this Agreement and prior to such termination an Acquisition Proposal is made or publicly disclosed; and\n(ii) within twelve months following the date of such termination:\n(A) Fording or any of the Fording Subsidiaries enters into a contract providing for the implementation of an Acquisition Proposal (whether or not such Acquisition Proposal is the same Acquisition Proposal referred to in subclause (i) above) and such Acquisition Proposal is consummated, whether or not amended prior to its consummation and whether such consummation is before or after the expiry of such twelve month period, or\n(B) an Acquisition Proposal (whether or not such Acquisition Proposal is the same Acquisition Proposal referred to in subclause (i) above) is consummated. For purposes of the foregoing, the term \u201cAcquisition Proposal\u201d shall have the meaning assigned to such term in Section 1.1, except that references to \u201c20% or more\u201d shall be deemed to be references to 50% or more, then, in consideration of the release of Purchaser\u2019s rights under this Agreement, Fording shall pay to Purchaser, in the case of Section 8.2(b), concurrently with termination of this Agreement, in the case of Section 8.2(a) or (c), within two business days following termination of this Agreement, or in the case of Section 8.2(d) within two business days following the consummation of the Acquisition Proposal, the amount of U.S.$400 million, in immediately available funds to an account designated by Purchaser (the \u201cBreak Fee\u201d). For greater certainty, the Parties agree that Fording shall not be obligated to make more than one payment pursuant to this Section 8.2.", "samples": [{"hash": "dGqJ5arSoQS", "uri": "/contracts/dGqJ5arSoQS#break-fee", "label": "Arrangement Agreement (Teck Cominco LTD)", "score": 19.0, "published": true}], "snippet_links": [{"key": "by-purchaser", "type": "clause", "offset": [37, 49]}, {"key": "pursuant-to-section", "type": "definition", "offset": [50, 69]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [259, 281]}, {"key": "prior-to", "type": "definition", "offset": [286, 294]}, {"key": "acquisition-proposal", "type": "definition", "offset": [315, 335]}, {"key": "publicly-disclosed", "type": "clause", "offset": [347, 365]}, {"key": "twelve-months", "type": "definition", "offset": [383, 396]}, {"key": "following-the", "type": "definition", "offset": [397, 410]}, {"key": "expiry-of", "type": "clause", "offset": [826, 835]}, {"key": "twelve-month-period", "type": "clause", "offset": [841, 860]}, {"key": "the-foregoing", "type": "definition", "offset": [1036, 1049]}, {"key": "the-term", "type": "clause", "offset": [1051, 1059]}, {"key": "references-to", "type": "definition", "offset": [1156, 1169]}, {"key": "release-of-purchaser", "type": "clause", "offset": [1263, 1283]}, {"key": "rights-under-this-agreement", "type": "clause", "offset": [1286, 1313]}, {"key": "to-purchaser", "type": "clause", "offset": [1333, 1345]}, {"key": "in-the-case", "type": "clause", "offset": [1347, 1358]}, {"key": "section-82", "type": "clause", "offset": [1362, 1373]}, {"key": "with-termination", "type": "clause", "offset": [1391, 1407]}, {"key": "business-days", "type": "definition", "offset": [1476, 1489]}, {"key": "following-termination-of-this-agreement", "type": "clause", "offset": [1490, 1529]}, {"key": "consummation-of-the-acquisition", "type": "clause", "offset": [1603, 1634]}, {"key": "immediately-available-funds", "type": "clause", "offset": [1680, 1707]}, {"key": "for-greater-certainty", "type": "clause", "offset": [1765, 1786]}, {"key": "the-parties-agree-that", "type": "clause", "offset": [1788, 1810]}, {"key": "one-payment", "type": "clause", "offset": [1860, 1871]}], "size": 4, "hash": "c3681973eb98f4d2653c400b99b6afb7", "id": 5}], "next_curs": "ClISTGoVc35sYXdpbnNpZGVyY29udHJhY3Rzci4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhJicmVhay1mZWUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Break Fee", "children": [["the-break-fee", "The Break Fee"], ["", ""], ["confidentiality", "Confidentiality"], ["background", "Background"], ["expenses", "Expenses"]], "size": 183, "parents": [["termination", "Termination"], ["amendment-and-termination", "Amendment and Termination"], ["general", "General"], ["definitions", "Definitions"], ["satisfaction-of-conditions", "Satisfaction of Conditions"]], "id": "break-fee", "related": [["break-up-fee", "Break-Up Fee", "Break-Up Fee"], ["late-payment-fee", "Late Payment Fee", "Late Payment Fee"], ["break-costs", "Break Costs", "Break Costs"], ["monthly-fee", "Monthly Fee", "Monthly Fee"], ["break-funding-payments", "Break Funding Payments", "Break Funding Payments"]], "related_snippets": [], "updated": "2026-05-13T04:23:52+00:00"}, "json": true, "cursor": ""}}