Termination Fee; Expenses. (a) The Company will pay, or cause to be paid, to Parent an amount equal to $13,500,000.00 (the “Termination Fee”) if Parent terminates this Agreement pursuant to (i) Section 7.1(c)(i)(A) following an Adverse Company Recommendation made in connection with the receipt or announcement of an Acquisition Proposal or Superior Proposal or (ii) Section 7.1(c)(i)(B), in each case of clause (i) or (ii) which payment shall be made within two (2) Business Days after the termination of this Agreement.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (National Interstate CORP), Agreement and Plan of Merger (American Financial Group Inc), Agreement and Plan of Merger (American Financial Group Inc)
Termination Fee; Expenses. (a) The If this Agreement is terminated by Parent pursuant to Section 7.01(c)(i), the Company will pay, or cause to be paid, to Parent an amount equal to $13,500,000.00 (33,000,000, the “Termination Fee”) if Parent terminates this Agreement pursuant to (i) Section 7.1(c)(i)(A) following an Adverse Company Recommendation made in connection with the receipt or announcement of an Acquisition Proposal or Superior Proposal or (ii) Section 7.1(c)(i)(B), in each case of clause (i) or (ii) which such payment shall be made within two (2) Business Days after the termination of this Agreement.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Amtrust Financial Services, Inc.)
Termination Fee; Expenses. (a) The Company will shall pay, or cause to be paid, to Parent an amount equal to $13,500,000.00 18,477,300 (the “Termination Fee”) if Parent terminates this Agreement pursuant to (i) Section 7.1(c)(i)(A) following an Adverse Company Recommendation made in connection with the receipt or announcement of an Acquisition Proposal or Superior Proposal or (ii) Section 7.1(c)(i)(B8.01(c)(i), in each case of clause (i) or (ii) which payment shall be made within two (2) Business Days after the termination of this Agreement.
Appears in 1 contract
Samples: Agreement and Plan of Merger (FBL Financial Group Inc)
Termination Fee; Expenses. (a) The Company will pay, or cause to be paid, to Parent an amount equal to $13,500,000.00 78,000,000 (the “Termination Fee”) if Parent terminates this Agreement pursuant to (i) Section 7.1(c)(i)(A) following an Adverse Company Recommendation made in connection with the receipt or announcement of an Acquisition Proposal or Superior Proposal or (ii) Section 7.1(c)(i)(B), in each case of clause (i) or (ii) which payment shall be made within two (2) Business Days after the termination of this Agreement.is terminated:
Appears in 1 contract
Samples: Agreement and Plan of Merger (International Speedway Corp)
