Common use of Payments by the Purchaser Clause in Contracts

Payments by the Purchaser. In the event that the transactions contemplated by this Agreement are not consummated by the Purchaser, the Purchaser shall pay to Chiron the sum of $15 million in cash as a termination fee, unless the reason the transactions have not been consummated is based on any of the following: (i) a termination of this Agreement by Chiron under Section 8.1.3 or 8.1.4 or because of a failure of the condition set forth in Section 7.3.3 or (ii) a termination by the Purchaser either under Section 8.1.7 or 8.1.9, or because of a failure of the condition set forth in Section 7.2.3.