Common use of Expenses; Termination Fee Clause in Contracts

Expenses; Termination Fee. (a) Each party hereto shall bear and pay all costs and expenses incurred by it in connection with the transactions contemplated by this Agreement, including fees and expenses of its own financial consultants, accountants and counsel, provided that in the event of a termination of this Agreement resulting from a willful breach of a representation, warranty, covenant or undertaking, the party committing such breach shall be liable for $200,000 to the other party, plus the reasonable expenses of the other party without prejudice to any other rights or remedies as may be available to the non-breaching party, including without limitation any rights under Section 7.01(b) hereof.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Laurel Capital Group Inc), Agreement and Plan of Reorganization (SFSB Holding Co)

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Expenses; Termination Fee. (a) Each party hereto shall bear and pay all costs and expenses incurred by it in connection with the transactions contemplated by this Agreement, including fees and expenses of its own financial consultants, accountants and counsel, provided that in the event of a termination of this Agreement resulting from a willful breach of a representation, warranty, covenant or undertaking, the party committing such breach shall be liable for $200,000 to the other party, plus the reasonable expenses of the other party without prejudice to any other rights or remedies as may be available to the non-breaching party, including without limitation any rights under Section 7.01(b8.1(b) hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Peoples Heritage Financial Group Inc)

Expenses; Termination Fee. (a) Each party hereto shall bear and pay all costs and expenses incurred by it in connection with the transactions contemplated by this Agreement, including fees and expenses of its own financial consultants, accountants and counsel, provided that in the event of a termination of this Agreement resulting from a willful breach of a representation, warranty, covenant or undertaking, the party committing such breach shall be liable for $200,000 300,000 to the other party, plus the reasonable expenses of the other party without prejudice to any other rights or remedies as may be available to the non-non- breaching party, including without limitation any rights under Section 7.01(b) hereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Peoples Community Bancorp Inc /De/)

Expenses; Termination Fee. (a) (i) Each party hereto shall bear and pay all costs and expenses incurred by it in connection with the transactions contemplated by this Agreement, including fees and expenses of its own financial consultants, accountants and counsel, provided that in the event of a termination of this Agreement resulting from a willful breach of a representation, warranty, covenant or undertaking, the party committing such breach shall be liable for $200,000 2.0 million to the other party, plus the reasonable expenses of the other party without prejudice to any other rights or remedies as may be available to the non-breaching party, including without limitation any rights under Section 7.01(b8.1(b) hereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Pboc Holdings Inc)

Expenses; Termination Fee. (a) Each party hereto shall bear and pay all costs and expenses incurred by it in connection with the transactions contemplated by this Agreement, including fees and expenses of its own financial consultants, accountants and counsel, provided that in the event of a termination of this Agreement resulting from a willful breach of a representation, warranty, covenant or undertaking, the party committing such breach shall be liable for $200,000 to the other party, plus the reasonable expenses of the other party without prejudice to any other rights or remedies as may be available to the non-breaching party, including without limitation any rights under Section 7.01(b8.1(b) or (f) hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pboc Holdings Inc)

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Expenses; Termination Fee. (a) (i) Each party hereto shall bear and pay all costs and expenses incurred by it in connection with the transactions contemplated by this Agreement, including fees and expenses of its own financial consultants, accountants and counsel, provided that in the event of a termination of this Agreement resulting from a willful breach of a representation, warranty, covenant or undertaking, the party committing such breach shall be liable for $200,000 2.0 million to the other party, plus the reasonable expenses of the other party without prejudice to any other rights or remedies as may be available to the non-non- breaching party, including without limitation any rights under Section 7.01(b8.1(b) hereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Byl Bancorp)

Expenses; Termination Fee. (a) Each party hereto shall bear and pay all costs and expenses incurred by it in connection with the transactions contemplated by this Agreement, including fees and expenses of its own financial consultants, accountants and counsel, provided that in the event of a termination of this Agreement resulting from a willful breach of a representation, warranty, covenant or undertaking, the party committing such breach shall be liable for $200,000 300,000 to the other party, plus the reasonable expenses of the other party without prejudice to any other rights or remedies as may be available to the non-breaching party, including without limitation any rights under Section 7.01(b) hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Peoples Community Bancorp Inc /Md/)

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