Examples of Buyer Termination Fee in a sentence
If Buyers fail to promptly pay the Buyer Termination Fee when due, interest shall accrue on such amount from the date such payment was required to be paid pursuant to the terms of this Agreement until the date of payment at the Applicable Rate.
Except as expressly amended pursuant to Section 1 hereof, the remaining provisions of the Agreement shall remain in full force and effect in accordance with their terms, including without limitation the provisions of Section 10.3 relating to the Buyer Termination Fee.
In the event the Closing does not occur due to the failure of Buyer to perform and not due to a failure of Buyer's shareholders to approve the transactions described herein, Buyer shall make a one-time payment to Company within ten (10) days of receiving written notice from Company of Company's demand, in the amount of $50,000 plus all of Company's reasonable out-of-pocket costs demonstrable to Buyer ("Buyer Termination Fee") .
The parties acknowledge and hereby agree that in no event shall Buyer be required to pay the Buyer Termination Fee on more than one occasion.
Except as expressly amended pursuant to Sections 1 and 2 hereof, the remaining provisions of the Agreement shall remain in full force and effect in accordance with their terms, including without limitation the provisions of Section 10.3 relating to the Buyer Termination Fee.