Breach Fee definition
Examples of Breach Fee in a sentence
The Company will return such letter of credit to the Buyer at the earlier of (i) the Effective Time and (ii) upon a termination of this Agreement in accordance with Article IX in a situation where none of the Buyer Breach Fee and/or the Financing Termination Fee are payable by the Buyer, in each case in accordance with Article IX.
Upon full payment of the Full Break-Fee or Willful Breach Fee, as applicable, a Party shall not have any further Liability relating to or arising out of this Agreement or the Contemplated Transactions.
After deduction of the applicable Breach Fee, if there are any monies remaining on the respective account such monies will be refunded to the debit/credit card/bank account used to make the original purchase; provided, however, that if there are installment payments or other monies owed on the account at the time of a Resale Breach, the Blazers shall have the right to demand immediate payment of all monies owed and all rights to collection under the law.
The Customer agrees that the Breach Fee is due to be paid within seven days of receiving demand for the same and that it enjoys no right of set off, defence, counter claim or other reason to withhold or delay payment.
The Customer agrees that the Breach Fee, represents the reimbursement of loss suffered by Reduce My Bills Ltd resulting from the Customer non-payment Breach.
Notwithstanding any other provision of this Agreement, if the Franchisee is in default under this Agreement, the Franchisor may issue the Franchisee with an on the spot Breach Fee which may be retained from any money owing to the Franchisee.
The Breach Fee is due to be paid as per this clause irrespective of any date or dates the Supplier may have been due to make the Commission Payment to JUST SAVE.
The Breach Fee is due to be paid as per this clause irrespective of any date or dates the Supplier may have been due to make the Commission Payment to Pro Grid Energy.
In the event that Tuscarora is required to pay the Tuscarora Breach Fee and SCA Packaging is also entitled to receive the Termination Fee in accordance with the terms of Section 10.03(c), then the Tuscarora Breach Fee shall be reduced to $0 (such that Tuscarora shall not pay more than $15 million in the aggregate with respect to the Breach Fee and the Termination Fee).
The obligations of Borrower and each other Restricted Party under this Section 4.7 shall survive term repayment in full of the Loan and the termination of the Loan Documents, and shall continue in full force and effect until the Restricted Period has expired and any Exclusivity Breach Fee payable hereunder has been paid in full.