Subsequent Event Fee. If a Subsequent Event shall occur after the date of this Agreement and on or before the date that is six months after the First Closing Date, the Company shall pay $2.5 million to the Purchaser promptly following the public announcement of such Subsequent Event. If the Second Closing is completed no fees shall be payable under this subsection.
Appears in 2 contracts
Sources: Purchase Agreement (Saxon Petroleum Inc), Purchase Agreement (Forest Oil Corp)