Examples of Break Fee in a sentence
The break fee is not payable to the extent that a court or the Takeovers Panel determines that any part of the Break Fee constitutes a breach of the fiduciary or statutory duties of the Mayne Pharma Board or unacceptable circumstances, or would, if paid, be unlawful for any reason.
Payment of a Break Fee shall represent full and final satisfaction of any obligation or liability of the Sponsors and the Government of Ontario to the Proponent and Proponent Team Members in connection with this RFP, and the Sponsors’ obligation to pay the Break Fee shall be contingent on the receipt of a waiver, in form and substance satisfactory to the Sponsors, from the Proponent and Proponent Team Members to that effect.
The base amount of the Break Fee (the “ Base Break Fee”) is set out in the RFP Data Sheet.
The amount of the Break Fee payable to each eligible Proponent will depend on the point in the RFP Process that cancellation occurs, in accordance with the principles set out in the RFP Data Sheet.
If the Project is cancelled or a Break Fee is payable for any other reason, a Proponent shall only be eligible to receive a Break Fee and the Proponent will not be eligible to receive a Design and Bid Fee as well.