Common use of Parent Termination Fee Clause in Contracts

Parent Termination Fee. (A) If this Agreement is terminated by the Company pursuant to Section 10.01(d)(ii) or by Parent pursuant to Section 10.01(c)(i) or 10.01(c)(iii), then the Company shall pay to Parent a termination fee in immediately available funds in an amount corresponding to such termination as set forth below:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tecumseh Products Co), Agreement and Plan of Merger (Tecumseh Products Co)

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Parent Termination Fee. (Ai) If In the event that Company shall terminate this Agreement is terminated by the Company pursuant to Section 10.01(d)(ii7.1(h) or by then, promptly after such termination, Parent pursuant to Section 10.01(c)(i) or 10.01(c)(iii), then the Company shall pay to Parent a termination fee in immediately available funds in Company an amount corresponding in cash equal to such termination as set forth below:the Termination Fee.

Appears in 2 contracts

Samples: Employment Agreement (Digital Insight Corp), Employment Agreement (Nfront Inc)

Parent Termination Fee. (Ai) If In the event that this Agreement is terminated by the Company (A) pursuant to Section 10.01(d)(ii7.1(e) or by Parent Section 7.1(f), or (B) pursuant to Section 10.01(c)(i7.1(b) if, at the time of such termination, the Company would have been entitled to terminate this Agreement pursuant to Section 7.1(e) or 10.01(c)(iiiSection 7.1(f), then within one (1) Business Day after demand by the Company Company, Parent shall pay to the Company a fee equal to $318,000,000 (the “Parent a termination fee in Termination Fee”) by wire transfer of immediately available funds to an account or accounts designated in an amount corresponding to such termination as set forth below:writing by the Company.

Appears in 2 contracts

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

Parent Termination Fee. (Ai) If In the event that this Agreement is terminated by the Company pursuant in accordance with Section 8.1(c)(i), Section 8.1(c)(ii) or Section 8.1(c)(iii), then, subject to Section 10.01(d)(ii) or by Parent pursuant to Section 10.01(c)(i) or 10.01(c)(iii8.2(f), then Parent shall promptly, but in no event later than two (2) Business Days after the date of such termination, pay or cause to be paid to the Company shall pay to Parent a termination fee in immediately available funds in (or its designees) an amount corresponding in cash equal to such termination as set forth below:the Parent Termination Fee by wire transfer of same day funds to one or more accounts designated by the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (China Fire & Security Group, Inc.)

Parent Termination Fee. (Ai) If In the event that this Agreement is terminated by the Company pursuant to Section 10.01(d)(ii) or by Parent pursuant to Section 10.01(c)(i) or 10.01(c)(iii8.3(c), then the Company Parent shall pay to Parent the Company a termination fee of $560,000,000 (the “Parent Termination Fee”) in immediately available funds in an amount corresponding to such termination as set forth below:accordance with this Section 8.5(c);

Appears in 1 contract

Samples: Agreement and Plan of Merger (CSC Holdings LLC)

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Parent Termination Fee. (A) If this Agreement is terminated by the Company pursuant to Section 10.01(d)(ii) or by Parent pursuant to Section 10.01(c)(i) or 10.01(c)(iii), then the Company shall pay to Parent a termination fee in immediately available funds in an amount corresponding to such termination as set forth below:: (x) $3,828,088.57 for such termination pursuant to Section 10.01(c)(i) (the “Section 6.04 Breach Fee”); or (y) $3,588,833.03 for such termination pursuant to Section 10.01(c)(iii) or 10.01(d)(ii) (the “General Fee” and, together with the Section 6.04 Breach Fee, the “Parent Termination Fee”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mueller Industries Inc)

Parent Termination Fee. (Aa) If In the event that this Agreement is has been terminated by the Company or Parent (i) pursuant to Section 10.01(d)(ii10.01(b)(i) and the condition set forth in Section 9.01(a) or by Parent pursuant to Section 10.01(c)(i) or 10.01(c)(iii), then the Company shall pay to Parent a termination fee in immediately available funds in an amount corresponding to such termination as set forth below:Section

Appears in 1 contract

Samples: Agreement and Plan of Merger (Colfax CORP)

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