Standstill Fee definition
Examples of Standstill Fee in a sentence
For the avoidance of doubt, the termination of the Standstill pursuant to this Section shall not terminate, limit or modify any other provision of this Agreement (including without limitation the application of the Standstill Fee).
In the event of any change in the Company's Common Stock by reasons of stock dividends, stock splits, reclassifications, cash dividends, repurchases, splitups, mergers, recapitalizations, combinations, exchange of shares or the like, the type and number of shares or securities subject to the Standstill Fee and the Offer Price shall be adjusted appropriately.
The Standstill Fee shall be payable in cash to Lender upon execution of this Agreement.
In connection with the payment of the Standstill Fee, the Company shall have requested and caused, ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇ LLP, counsel for the Company to have furnished to Fir Tree and the Fir Tree Funds their opinion, dated the date such Standstill Fee is paid and addressed to Fir Tree and the Fir Tree Funds, substantially in form and substance reasonably satisfactory to Fir Tree and the Fir Tree Funds.
Following the payment of the Standstill Fee, the Legacy Entities may, in their sole discretion, terminate this Agreement; provided that said termination shall not affect the liability of any Party for actions prior to such termination.
At the Closing, the Buyer shall pay an amount equal to the Purchase Price, less the amount of the Standstill Fee, and less the amount of interest on the Standstill Fee at the BankBoston prime rate, from October 8, 1996 to the Closing Date (the "Closing Payment"), by wire transfer of immediately available funds to an account designated by the Seller.
The Standstill Fee shall be fully earned, non-refundable, due and payable promptly following the Effective Date but in no event later than January 5, 2018.
In consideration of L▇▇▇▇▇’s grant of the Standstill, its fees incurred in preparing this Agreement and other accommodations set forth herein, B▇▇▇▇▇▇▇ agrees to pay to Lender a standstill fee equal to two percent (2%) of the Outstanding Balance of the Note (the “Standstill Fee”), which Standstill Fee is hereby added to the Outstanding Balance as of the Effective Date.
Emulex will pay Broadcom a non-refundable and non-cancelable Dismissal and Standstill Fee of Five Million U.S. Dollars (US $5,000,000), payable in two installments.
The Restructuring Fee is hereby added to the Outstanding Balance of the Note as of the date of this Agreement; and the Standstill Fee will be added to the Outstanding Balance of the Note upon the occurrence of and on the Securities Purchase Closing Date.