Reverse Termination Fee definition
Examples of Reverse Termination Fee in a sentence
The Parties acknowledge that the payment by ▇▇▇▇▇ of the Reverse Termination Fee is not a penalty, but constitutes liquidated damages.
In no event shall Members’ Representative (on behalf of the Members) be entitled to receive the Reverse Termination Fee on more than one occasion.
In no event shall Seller be entitled to receive the Reverse Termination Fee on more than one occasion.
In the event Parent recovers any monetary damages from the Investor pursuant to the Investment Agreement, Parent shall remit to the Company, after deducting the amount of the Reverse Termination Fee (as defined below) that has been or is concurrently being paid by Parent to the Company and Parent’s out-of-pocket fees, costs and expenses (including attorneys’ fees) incurred by Parent in order to recover such monetary damages, an amount equal to fifty percent (50%) of the remaining recoveries.