Revolving Line Termination Fee. The Revolving Line Termination Fee, if and when due hereunder; and
“Early Termination Notice” means the provision of a written notice of Early Termination.
Section # Early Termination Notice. If the Corporation chooses to exercise its right of early termination under [Section 4.1(a)] above, the Corporation shall deliver to the TRA Party Representative written notice of such intention to exercise such right (“Early Termination Notice”). In addition, if the Corporation chooses to exercise its right of early termination under AmericasActive:18057467.3
“Early Termination Rate” means the lesser of # 6.50% per annum, compounded annually, and # the Early Termination Agreed Rate.
Fee. Licensee shall pay Licensor a fee of ( USD) on or before March 15, 2023 as consideration for this Amendment # 2.
Fee. The Company shall pay the Director a fee for services hereunder of Fifty Thousand Dollars ($50,000) per annum (the “Board Compensation”) to be paid in equal quarterly installments of Twelve Thousand Five Hundred Dollars ($12,500) (the “Quarterly Payments”) beginning with the initial payment on June 30, 2021. Following the Initial Payment, Quarterly Payments shall be due on the last business day of each September, December, March and June in the Directorship Term hereof (the “Payment Dates”). The Board Compensation shall be paid either in readily available funds or fully paid, validly issued and non-assessable common stock of the Company (the “Common Stock”), at the sole option of the Board Member, to be exercised by written notice to the Company on or prior to the Payment Date, failing which the Board Compensation shall be paid in cash. In the event that a Quarterly Payment is to be remitted in Common Stock, the number of shares shall be determined by dividing the Quarterly Payment by the closing sale price of the Common Stock on the trading day immediately preceding the applicable Payment Date, as reported by the principal trading market for the Common Stock.
Section # Payment upon Early Termination.
“Early Voluntary Termination” means that the Executive, prior to Normal Benefit Date, experiences a Separation from Service for reasons other than Cause, Disability or Early Involuntary Termination, or following a Change in Control.
Until the date of Early Termination or the Termination Date, Abrams shall:
Termination of Merger Agreement: Montage Termination Fee. The Parties hereby mutually agree in accordance with [Section 8.1(a)] of the Merger Agreement that, immediately upon execution of this Agreement and payment of the Montage Termination Fee, the Merger Agreement, other than the provisions referenced in [Section 8.2] of the Merger Agreement that survive termination, all of which shall survive the termination of the Merger Agreement hereby in accordance with their terms, is terminated and shall be of no further force or effect. For the avoidance of doubt, the Confidentiality Agreement between Montage and Marigold, dated March 13, 2015, shall continue to remain in full force and effect in accordance with its terms. The Parties have agreed to the text of the press release(s) announcing the termination of the Merger Agreement. The Parties shall consult with each other prior to issuing any other press release or making any other public disclosures or public statements concerning the termination of the Merger Agreement if it contains or discloses any information that has not been made available in previous press releases, public disclosures or public statements approved by the Parties.
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