Examples of Partnership Termination Fee in a sentence

Subject to Section 8.4 , the Parties agree that the payment of the Partnership Termination Fee, the Parent Reimbursement Amount, or the Partnership Reimbursement Amount, as applicable, by a Party shall constitute the sole and exclusive remedy of the Payee in respect of this Agreement and the Transactions, and the Party making such payment and its Affiliates party hereto shall have no further liability to the Payee of any kind in respect of this Agreement and the Transactions.
The Parties further agree that (i) in no event shall the Partnership be required to pay the Partnership Termination Fee on more than one occasion and (ii) the amount of the Partnership Termination Fee payable by the Partnership pursuant to this Section 7.6 shall be reduced by the amount of the Parent Reimbursement Amount, if any, previously paid to the Parent.
The Partnership shall pay to Parent an amount equal to the Partnership Termination Fee in accordance with Section 7.6(c) if: (i) this Agreement is terminated by Parent pursuant to Section 7.4(a) ( Recommendation Change ); or (ii) this Agreement is terminated by the Partnership pursuant to Section 7.3(b) ( Superior Proposal ).
Accordingly, in the event that the Partnership shall fail to pay the Partnership Termination Fee required pursuant to this Section 8.3 when due, such fee shall accrue interest for the period commencing on the date such fee became past due, at a rate equal to the prime rate set forth in The Wall Street Journal in effect on the date such payment was required to be made plus 5%.
In addition, if the Partnership shall fail to pay the Partnership Termination Fee when due, the Partnership shall also pay all of Parent’s reasonable costs and expenses (including fees and expenses of counsel) in connection with efforts to collect such fee.
In no event shall a party be entitled to more than one payment of the Partnership Termination Fee, Parent Expense Reimbursement and Partnership Expense Reimbursement, as applicable, in connection with a termination of this Agreement pursuant to which such amounts are payable.

More Definitions of Partnership Termination Fee

Partnership Termination Fee means an amount in cash equal to $10,000,000.

Partnership Termination Fee has the meaning ascribed thereto in Section 6.5;

Related to Partnership Termination Fee

Parent Termination Fee has the meaning set forth in Section 7.3(b).
Company Termination Fee has the meaning set forth in Section 7.3(a).
Reverse Termination Fee has the meaning set forth in Section 7.02(b).
Sponsor Termination Fees means the one-time payment under the Sponsor Management Agreement of a termination fee to the Sponsor and its Affiliates in the event of either a Change of Control or the completion of a Qualifying IPO.
Termination Fee has the meaning set forth in Section 7.02(a).
Termination Fee Event has the meaning ascribed thereto in Section 5.2(a);
Accretion Termination Date As defined in the Series Supplement.
Early Termination Fee has the meaning set forth in Section 7.2.
Outside Termination Date shall have the meaning set forth in Section 8.01(f).
Stated Termination Date means December 31, 2000.
Initial Termination Date has the meaning set forth in Section 8.2(a).
Agreement Termination Date is defined in Section 7.4.
Post-Termination Period means the twelve (12) month period beginning on the Termination Date.
Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.
Commitment Termination Event means (a) the occurrence of any Event of Default described in clauses (a) through (d) of Section 8.1.9, or (b) the occurrence and continuance of any other Event of Default and either (i) the declaration of the Loans to be due and payable pursuant to Section 8.3, or (ii) in the absence of such declaration, the giving of notice to the Borrower by the Administrative Agent, acting at the direction of the Required Lenders, that the Commitments have been terminated.
Commitment Termination Date means the earliest to occur of (a) the Maturity Date, (b) the date the Commitments are permanently reduced to zero pursuant to Section 2.8, and (c) the date of the termination of the Commitments pursuant to Article VIII.
Effective Termination Date has the meaning set forth in Section 10(b) hereof.
Escrow Termination Date has the meaning ascribed to such term in Section 9.12.
Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:
Automatic Termination shall have the meaning set forth in Section 2.3.2.
Extended Termination Date has the meaning specified in Section 2.16(c).
Additional Termination Event has the meaning specified in Section 5(b).
Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

Partnership Termination Fee definition

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Related to Partnership Termination Fee