Examples of Parent Termination Payment in a sentence
The payment or deposit into escrow of the Parent Termination Payment, plus the Parent Expenses and the Recovery Costs, pursuant to this Section 9.4(a) shall be made at the time Parent is obligated to pay the Company such amount pursuant to Section 9.3 by wire transfer.
In no event shall NYSE Euronext be obligated pursuant to this Section 6.5 to pay more than one NYSE Euronext Termination Payment and in no event shall NASDAQ OMX or ICE be obligated pursuant to this Section 6.5 to pay more than one Parent Termination Payment.
For the avoidance of doubt, in the event that the Parent or Purchaser terminates this Agreement at a time when the Company would have had the right to terminate this Agreement and be entitled hereunder to receive the Parent Termination Payment, the Company shall be entitled to receipt of the Parent Termination Payment that would have been (or would have subsequently become) payable had the Company terminated this Agreement at such time.
In no event shall the Company or Parent be entitled to both (i) specific performance to cause the other party to consummate the Closing and (ii) the payment of the Parent Termination Payment or the Company Termination Payment, as applicable.
The Parent Termination Payment will be paid within two business days of the date of written demand of the Company.