Common use of Payment of Termination Fee by the Company Clause in Contracts

Payment of Termination Fee by the Company. (i) If this Agreement is terminated by Parent either pursuant to Section 8.4(a) or pursuant to Section 8.4(c), then the Company shall pay to Parent, by wire transfer of immediately available funds, $30 million (the “Termination Fee”) within two Business Days after such a termination of this Agreement by Parent.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Cleveland-Cliffs Inc.), Agreement and Plan of Merger (Cleveland-Cliffs Inc.), Agreement and Plan of Merger (Ak Steel Holding Corp)

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Payment of Termination Fee by the Company. (i) If this Agreement is terminated by the Company pursuant to Section 8.3(b) or Parent either pursuant to Section 8.4(a) or pursuant to Section 8.4(c), then the Company shall pay to Parent, by wire transfer of immediately available funds, $30 million 263,785,600 (the “Termination Fee”) within two Business Days after such a termination of this Agreement by Parent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pinnacle Foods Inc.), Agreement and Plan of Merger (Conagra Brands Inc.)

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