Common use of Parent Payment Clause in Contracts

Parent Payment. If this Agreement is validly terminated by (i) the Company pursuant to Section 7.1(g), or (ii) the Parent pursuant to Section 7.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g), then in either case the Parent must promptly (and in any event within five Business Days) following such termination pay to the Company $24,258,870 in cash (the “Parent Termination Fee”), in accordance with the payment instructions provided to the Parent by the Company. (d)

Appears in 1 contract

Samples: 96592628v24 Agreement and Plan of Merger (Hni Corp)

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Parent Payment. If this Agreement is validly terminated by pursuant to (i) the Company pursuant to Section 7.1(g), 8.1(g) or Section 8.1(i) or (ii) the Parent shall terminate this Agreement pursuant to Section 7.1(c8.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 8.1(i), then in either case the Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company $24,258,870 34,400,000 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to the Parent by the Company. (d)Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tufin Software Technologies Ltd.)

Parent Payment. If this Agreement is validly terminated by (i) the Company pursuant to Section 7.1(g), 8.1(g) or Section 8.1(i) or (ii) the Parent pursuant to Section 7.1(c8.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 8.1(i), in each case, then in either case the Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company $24,258,870 365,000,000 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to the Parent by the Company. (d)Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (STAMPS.COM Inc)

Parent Payment. If this Agreement is validly terminated by (i) the Company pursuant to Section 7.1(g), 8.1(g) or (iiSection 8.1(i) the or Parent shall terminate this Agreement pursuant to Section 7.1(c8.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 8.1(i), then in either case the Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company $24,258,870 528,000,000 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to the Parent by the Company. (d)Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (RealPage, Inc.)

Parent Payment. If this Agreement is validly terminated by (i) the Company pursuant to Section 7.1(g), ) or (ii) the Parent pursuant to Section 7.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g), in each case, then in either case the Parent must promptly (and in any event within five Business Days) following such termination pay to the Company $24,258,870 6,000,000 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to the Parent by the Company. (d)Company as of the date of this Agreement, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Intricon Corp)

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Parent Payment. If this Agreement is validly terminated by (i) the Company pursuant to Section 7.1(g), 8.1(g) or (iiSection 8.1(i) the or Parent shall terminate this Agreement pursuant to Section 7.1(c8.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 8.1(i), then in either case the Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company $24,258,870 290,626,000.00 in cash (the “Parent Termination Fee”), ) in accordance with the payment instructions which have been provided to the Parent by the Company. (d)Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cloudera, Inc.)

Parent Payment. If this Agreement is validly terminated by (i) the Company pursuant to Section 7.1(g), 8.1(g) or (iiSection 8.1(i) the or Parent shall terminate this Agreement pursuant to Section 7.1(c8.1(c) and at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g8.1(g) or Section 8.1(i), then in either case the Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company $24,258,870 99,685,096 in cash (the “Parent Termination Fee”), ) by wire transfer of immediately available fund in accordance with the payment instructions that have been provided to the Parent by the Company. (d)Company as of the Agreement Date, or as provided or further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger

Parent Payment. If this Agreement is validly terminated by (ix) the Company pursuant to Section 7.1(g), ) or Section 7.1(i) or (iiy) the by Parent pursuant to Section 7.1(c) and ), only if at such time the Company could have validly terminated this Agreement pursuant to Section 7.1(g) or Section 7.1(i), then in either case the Parent must promptly (and in any event within five (5) Business Days) following such termination pay to the Company an amount equal to $24,258,870 in cash 524,000,000 (the “Parent Termination Fee”), in accordance with the payment instructions which have been provided to the Parent by the Company. (d)Company as of the Agreement Date, or as further updated by written notice by the Company from time to time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (New Relic, Inc.)

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