Termination Fee Event definition

Termination Fee Event has the meaning ascribed thereto in Section 5.2(a);

Termination Fee Event has the meaning set out in Section 7.4(a);

Termination Fee Event means the termination of this Agreement:

Examples of Termination Fee Event in a sentence

• If a Termination Fee Event occurs due to a termination of the Arrangement Agreement by the Company pursuant to Section 7.2(1)(c)(ii) [ To enter into a Superior Proposal] of the Arrangement Agreement, the Termination Fee shall be paid prior to or concurrently with the occurrence of such Termination Fee Event.

• Despite any other provision in the Arrangement Agreement relating to the payment of fees and expenses, including the payment of brokerage fees, if a Termination Fee Event occurs, the Company has agreed to pay the Purchaser the Termination Fee in accordance with Section 8.2(3) of the Arrangement Agreement.

• Despite any other provision in the Arrangement Agreement relating to the payment of fees and expenses, including the payment of brokerage fees, if a Reverse Termination Fee Event occurs, the Purchaser has agreed to pay or cause to be paid to the Company, by wire transfer in immediately available funds to an account designated by the Company, an amount equal to $12,250,000 (the “ Reverse Termination Fee”) within three (3) Business Days following such Reverse Termination Fee Event.

• If a Termination Fee Event occurs in the circumstances set out in Section 8.2(2)(b)(iii) [Acquisition Proposal Tail] of the Arrangement Agreement, the Termination Fee shall be paid upon the consummation of the Acquisition Proposal referred to therein.

• If a Termination Fee Event occurs due to a termination of the Arrangement Agreement by the Purchaser pursuant to Section 7.2(1)(d)(ii) [Change in Recommendation, Acquisition Proposal Agreement, etc.] thereof, the Termination Fee shall be paid within three (3) Business Days following such Termination Fee Event.

More Definitions of Termination Fee Event

Termination Fee Event means any of the following events:

Termination Fee Event has the meaning specified in Section 8.2. “TSXV” means the TSX Venture Exchange.

Termination Fee Event has the meaning set forth in Section 10.03(a).

Termination Fee Event means the termination of the Arrangement Agreement:

Termination Fee Event shall have the meaning ascribed to such term in Section 9.3(c).

Termination Fee Event has the meaning ascribed thereto in Section 5.2(a); “Third-Party Beneficiaries” has the meaning ascribed thereto in Section 8.4;

Termination Fee Event means (x) the Purchaser terminates this Agreement pursuant to clauses (i), (ii), (iii), (iv) or (v) of Section 8.01(a), (y) the Seller terminates this Agreement pursuant to clause (v) of Section 8.01(b) or (z) the Seller consummates a Business Combination or enters into an agreement with respect to a Business Combination with any Person other than the Purchaser within six months from the date of this Agreement.