Common use of Payment by the Company Clause in Contracts

Payment by the Company. The Company will promptly pay to Parent, but in no event later than two (2) business days after the date of such termination, a fee equal to twenty-one million dollars ($21,000,000) in immediately available funds (the "Termination Fee") in the event that this Agreement is terminated by Parent pursuant to Section 10.1(d) or 10.1(j).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Crystal Decisions Inc), Agreement and Plan of Merger (Business Objects Sa)

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Payment by the Company. The In the event that this Agreement is terminated by Parent or the Company, as applicable, pursuant to Section 7.1(d) or (g) the Company will promptly pay to Parentshall promptly, but (except as set forth in Section 7.1(g)) in no event later than two (2) business days after the date of such termination, pay Parent a fee equal to twenty-one $25 million dollars ($21,000,000) in immediately available funds (the "Termination Fee") in the event that this Agreement is terminated by Parent pursuant to Section 10.1(d) or 10.1(j)funds.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Automatic Data Processing Inc), Agreement and Plan of Merger (Probusiness Services Inc)

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