Expense on Termination Sample Clauses

Expense on Termination. If the transactions contemplated hereby is abandoned pursuant to and in accordance with the provisions of Section 6.1 hereof, all expenses will be paid by the party incurring them. article vii ADDITIONAL AGREEMENTS
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Expense on Termination. If the merger contemplated hereby is abandoned pursuant to and in accordance with the provisions of Section 6.1 hereof, all expenses will be paid by the party incurring them.
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Expense on Termination. If this Agreement is terminated pursuant to and in accordance with the provisions of Section 8.1.3 (iii), Section 8.1.3 (iv), Section 8.1.4 or Section 8.1.6, then in each such event, USDATA shall pay to Purchaser simultaneously with termination by Seller or within two Business Days of termination by Purchaser (by wire transfer of immediately available funds to an account designated by Purchaser for such purpose), a fee (the "TERMINATION FEE") in an amount equal to US$500,000.
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Expense on Termination. If the Merger is abandoned pursuant to and in accordance with the provisions of Section 6.1 hereof, all expenses will be paid by the party incurring them; provided, however, that in the event this Agreement is terminated by BMC pursuant to Section 6.1.2 or by BMC or BGS pursuant to Section 6.1.5, BGS shall assume and pay, or reimburse BMC for, all reasonable fees and expenses incurred by BMC or Merger Sub (including the fees and expenses of its counsel, accountants and financial advisors) through the date of termination and which are specifically related to the Merger, this Agreement and the matters contemplated by this Agreement, but in no event later than two business days after the submission of a request for payment of the same; and provided, further, that in the event this Agreement is terminated by BGS pursuant to Section 6.1.4, BMC shall assume and pay, or reimburse BGS for, all reasonable fees and expenses incurred by BGS (including the fees and expenses of its counsel, accountants and financial advisors) through the date of termination and which are specifically related to the Merger, this Agreement and the matters contemplated by this Agreement, but in no event later than two business days after the submission of a request for payment of the same. Any amount payable by BGS under this Section 6.5 shall be credited against any amount payable by it under Section 4.3.6.2.
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Expense on Termination. If the merger contemplated hereby is terminated pursuant to and in accordance with the provisions of Paragraph 6.1 hereof, all expenses will be paid by the party incurring them, provided, however, (i) that if either Sun or BSI terminates this Agreement as a result of a breach of or default in the other party's obligations hereunder, then the party that so breached or defaulted hereunder shall pay all of the other party's documented costs and expenses, including legal, accounting and financial advisory fees and expenses, incurred in connection with the negotiation and implementation of this Agreement (and if Sun is the terminating party, BSI shall reimburse Sun for 50% of the filing fee and printing costs associated with the Joint Proxy Statement/Prospectus), (ii) that if Sun or BSI, respectively, terminates this Agreement pursuant to Section 6.1.7(a) or 6.1.7(b), respectively, the terminating party shall pay the other party the sum of
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Expense on Termination. If the Merger contemplated hereby is terminated pursuant to a vote of the board of directors of either Cliffwood or Texoil, expenses of the non-terminating party will be paid by the terminating party.
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Expense on Termination. If the transactions contemplated hereby are abandoned pursuant to and in accordance with the provisions of Section 6.1 hereof, all expenses will be paid by the party incurring them; PROVIDED, except as otherwise set forth herein, this provision shall not limit any claim resulting from the breach of this Agreement by any party hereto, PROVIDED, FURTHER, that in the event this Agreement is terminated by any party in accordance with Section 6.1.2, then Brazos shall pay to Three Cities Research ("TCR"), for the benefit of the Shareholders, the amount of $650,000 unless either (a) at the time of such termination, the Shareholders are in material breach of the Agreement or (b) the reason the transactions contemplated by this Agreement were not consummated on or before July 15, 1997 (or such later date as provided in Section 6.1.2) was the failure of any of the conditions set forth in Section 5.1.1, 5.1.2, 5.1.3, 5.1.4, 5.1.5, 5.1.6, 5.1.7, 5.1.9, 5.1.10., 5.1.11, or 5.1.12 (which failure was not the consequence of a breach by Brazos of its covenants under this agreement) and upon receipt of such amount, the Shareholders hereby irrevocably waive, release and agree not to sue Brazos or its stockholders, officers, directors, affiliates, emplxxxes, or their successors, assigns, agents or representatives with respect to all claims, causes of action, rights of contribution, cost recovery, losses, liabilities, suits, costs, fees, judgments or expenses which may thereafter arise in connection with this Agreement or any breach by Brazos of any of the representations, warranties, covenants or agreements contained herein.
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Expense on Termination. If this Agreement is terminated pursuant to and in accordance with the provisions of Section 6.1.6 and the shareholders of OptiSystems shall have failed to approve the Merger by the Required Shareholder Vote, OptiSystems shall pay to BMC simultaneously with termination by OptiSystems or within two business days of termination by BMC (by wire transfer of immediately available funds to an account designated by BMC for such purpose), a fee (the "Termination Fee") in an amount equal to $3,000,000. Notwithstanding the foregoing, if this Agreement is terminated by BMC as a result of a willful breach of any representation, warranty, covenant or agreement by OptiSystems, BMC may pursue any remedies available to it at law or in equity and shall be entitled to recover such additional amounts as BMC may be entitled to receive at law or in equity.
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Related to Expense on Termination

  • On Termination (a) An employee who voluntarily terminates his employment will be provided his final pay on the next regular payday.

  • Survival on Termination The following Paragraphs and Articles shall survive the termination of this Agreement:

  • Compensation on Termination (a) If this Project Agreement is terminated pursuant to Sections 34.3(a), 35.2(a)(ii), 36.1, 36.2 or 36.3, then:

  • Term; Termination; Rights on Termination The term of this Agreement shall begin on the date hereof and continue for three (3) years, and, unless terminated sooner as herein provided, shall continue thereafter on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (such initial three year period and any extensions thereof being referred to herein as the "Term"). This Agreement and Employee's employment may be terminated in any one of the following ways:

  • Rights on Termination Upon termination of this Agreement:

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity and up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of the ESC Region 8 and TIPS. Does vendor agree? Yes

  • Payments on Termination Payments to the Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable. After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement.

  • Upon Termination In the event this Agreement is terminated by the OAG, the Provider will deliver documentation of ownership or title, if appropriate for all supplies, equipment and personal property purchased with grant funds to the OAG, within 30 days after termination of this Agreement. Any finished or unfinished documents, data, correspondence, reports and other products prepared by or for the Provider under this Agreement will be made available to and for the exclusive use of the OAG.

  • Recovery upon Termination H6.1 On the termination of the Contract for any reason, the Contractor shall at its cost:

  • Fee on Termination of Offering Notwithstanding anything contained herein to the contrary, upon termination of the Offering the Company shall: (A) reimburse the Representative for, or otherwise pay and bear, the expenses and fees to be paid and borne by the Company as provided for in Section 3.12.1 above, as applicable, and (B) reimburse the Representative for the full amount of its accountable out-of-pocket expenses actually incurred to such date (which shall include, but shall not be limited to, all fees and disbursements of the Representative’s counsel, travel, lodging and other “road show” expenses, mailing, printing and reproduction expenses, and any expenses incurred by the Representative in conducting its due diligence, including background checks of the Company’s officers and directors), up to an aggregate amount of $50,000, less the amounts previously paid and any amounts previously paid to the Representative in reimbursement for such expenses. If applicable, and solely in the event of a termination of this Offering, the Representative shall refund to the Company any portion of the Advance previously received by the Representative which is in excess of the accountable out-of-pocket expenses actually incurred to such date by the Representative.

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