Common use of Seagate Payments Clause in Contracts

Seagate Payments. (i) Seagate shall pay to Veritas in immediately available funds, within one (1) business day after such notice of termination is delivered, an amount equal to $440,000,000 (the "Seagate Termination Fee") if this Agreement is terminated by Veritas pursuant to Section 7.1(h) hereof.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Seagate Technology Malaysia Holding Co Cayman Islands), Agreement and Plan of Merger and Reorganization (Seagate Technology Holdings)

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Seagate Payments. (i) Seagate shall pay to Veritas in immediately available funds, within one (1) business day after such notice of termination is delivered, an amount equal to $440,000,000 (the "Seagate Termination FeeSEAGATE TERMINATION FEE") if this Agreement is terminated by Veritas pursuant to Section 7.1(h) hereof.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Veritas Software Corp /De/), Agreement and Plan of Merger and Reorganization (Seagate Technology Inc)

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