Common use of Breakup Fee Clause in Contracts

Breakup Fee. (a) If this Agreement is terminated pursuant to Section 7.1(f), then the Partnership shall pay $40,000,000 (the “Breakup Fee”) to Parent, within three business days, by wire transfer of same day federal funds to the account specified by Parent.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Crestwood Equity Partners LP), Agreement and Plan of Merger (Oasis Midstream Partners LP), Agreement and Plan of Merger (Oasis Midstream Partners LP)

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Breakup Fee. (a) If (i) this Agreement is terminated by Parent pursuant to Section 7.1(f)) [Willful Breach], then the Partnership shall pay $40,000,000 (the “Breakup Fee”) Break-Up Fee to Parent, within three business daysdays of such termination, by wire transfer of same day federal funds to the account specified by Parent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Energy Transfer LP), Agreement and Plan of Merger (Enable Midstream Partners, LP)

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