Examples of Reverse Breakup Fee in a sentence
Seller’s retention of the Reverse Breakup Fee shall constitute liquidated damages and not a penalty.
Serena Saitto& Zachary Mider, Google Deal Said to Have $2.5 Billion Reverse Breakup Fee, Bloomberg Businessweek, August 15, 2011, http://www.businessweek.com/news/2011-08- 15/google-deal-said-to-have-2-5-billion-reverse-breakup-fee.html).
For the avoidance of doubt, and to the fullest extent permitted under applicable Law, in no event shall Buyer, Merger Sub or any of the Buyer Related Parties have any liability for Losses under or in respect of this Agreement or the transactions contemplated by this Agreement in excess of an aggregate amount equal to, or other than in respect of, the Reverse Break-up Fee, whether to the Company or to any of the Company Related Parties.
Notwithstanding the forgoing or anything to the contrary herein, if this Agreement is terminated by the Company pursuant to Section 15.1(e), the sole and exclusive remedy of the Company Related Parties hereunder shall be the payment of the Reverse Break-up Fee.
If Seller elects the Reverse Break-up Fee in Section 9.3, Purchaser’s obligation to pay the Reverse Break-up Fee and Seller’s right to enforce that obligation shall survive the termination of this Agreement.
When included in a transaction, the Reverse Breakup Fee can, designate some cases, provide the buyer an option to handle out these a transaction at a dent cost.
The Reverse Break-up Fee payable pursuant to this Section 9.2(a) shall be paid by wire transfer of same-day funds within three (3) Business days after the demand therefor, which demand may only be made following the occurrence of the termination event giving rise to the payment obligation described in this Section 9.2(a).
In addition, if a Party shall fail to pay any Termination Fee, Expense Reimbursement or Reverse Breakup Fee, as the case may be, when due, such Party shall also pay to the Party entitled to such Termination Fee, Expense Reimbursement or Reverse Breakup Fee, as applicable, such non-paying Party’s costs and expenses (including attorneys’ fees) incurred in connection with efforts to collect such Termination Fee, Expense Reimbursement or Reverse Breakup Fee, as the case may be.
The Reverse Breakup Fee, paid in accordance with the terms of this Article 17.2, shall constitute the Parties’ genuine pre-estimate of liquidated damages suffered by Seller in such event and shall not be a penalty.
If Seller elects the specific performance remedy, but a court determines that Seller is not entitled to specific performance, then Seller shall be awarded the Reverse Break-up Fee.