Examples of Break Fee Event in a sentence
The Imperial Break Fee is a genuine pre-estimate of the loss or damage (including, but not limited to, the incurrence of substantial costs and expenses, lost opportunity costs, business dislocation, reputational harm or adverse market reaction) that may be suffered by DP World as a result of the occurrence of an Imperial Break Fee Event.
If, prior to a Break Fee Event, this Agreement is terminated by the Company pursuant to Section 8.2(d)(ii) or Section 8.2(d)(iii) (each, a “Reverse Break Fee Event”) then the Purchaser shall pay or cause to be paid to the Company (by wire transfer in immediately available funds to an account designated to the Company) the Reverse Break Fee within two (2) Business Days of such Reverse Break Fee Event.
In the event a Break Fee Event (as defined hereinafter) has occurred, Credit Suisse shall pay a break fee of CHF 100,000,000 to UBS (“Break Fee”) within 20 Trading Days of the date on which the Break Fee becomes payable.
If the Purchaser pays to the Company the Reverse Break Fee as a result of the occurrence of the Reverse Break Fee Event then the Company shall have no other remedy with respect to the occurrence of such event (subject to Section 8.2(i) of the Arrangement Agreement); provided, however, that this limitation shall not apply in the event of fraud or willful breach of the Arrangement Agreement by the Purchaser.
If a Break Fee Event occurs, the Company shall pay in cash as directed by the Purchaser in writing (by wire transfer of immediately available funds) the Break Fee in accordance with Section 8.3(2).
If the Bowater Common Shareholders do not approve the Bowater Resolution at the Bowater Meeting (an "Avenor Break Fee Event"), then Bowater shall pay to Avenor, on the business day following such vote, $70 million in immediately available funds to an account designated by Avenor; provided, however, that (i) the Avenor Common Shareholders have not disapproved the Arrangement and (ii) this Agreement shall not have been duly terminated prior to the occurrence of such Avenor Break Fee Event.
For greater certainty, the Parties agree that the terms of Section 9.1(b) apply in the event of a termination of this Agreement in conjunction with a Bowater Break Fee Event, subject to the payment of the amount pursuant to this Article 8 being the sole monetary remedy of Bowater as a result of the occurrence of a Bowater Break Fee Event.
Sometimes, this is not a problem, as we will see in later presented themes; enough meetings with the purpose of coordinating team collaboration still exist.
If EMC pays the Break Fee as a result of the occurrence of a Break Fee Event, Uranium One has no other remedy for breach of the Combination Agreement by EMC.
The payment of the Break Fee will be in lieu of any damages or other payment or remedy to which the Company or the holders of Company Shares might otherwise have been entitled in connection with or as a result of the occurrence of a Break Fee Event.