RE: not overOK I re-read it. BCE has to pay $800M if it defaults on any of the terms or terminates early for any reason. The reverse break fee was ammended in July to $1.2B from $1B. So OTPP consortium has to pay BCE $1.2B if it defaults or terminates early for any reason.
OTPP's response to BCE's KPMG statement: “The delivery of the solvency opinion is a condition to the completion of the acquisition of BCE. The purchaser has been working closely with BCE to take the actions required by the definitive agreement in connection with the transaction and will continue to fulfill its obligations under the terms of the agreement.”
OTPP is affirming it is doing its part to live up to the agreement. Code for "we did our part so don't expect the $1.2B" So if the deal does not proceed, and OTPP does not default and does not terminate, then BCE has defaulted or terminted. So BCE will be the ones owing OTPP $800M.
Whichever part defaults or terminates has to pay the other party within 2 business days by wire transfer.