RE: RE: RE: RE: RE: I say yeah! LOL - you so funny!!
non completion fee is usually triggered in the event of a third party bidding for the company and scuttling the deal. It is a way of keeping other offers at bay Besides the vote is failing at the PACE side of things.
Under YOUR incorrect scenario - Pace may well be paying Avenex!
I would urge you to review the document - page 109 / 110:
The non-completion fees payable under the Arrangement Agreement may discourage other parties. Under the
Arrangement Agreement, a Party is required to pay the other Parties a non-completion fee in certain circumstances.
This non-completion fee may discourage other parties from attempting to enter into a business transaction with
either Charger, AvenEx or Pace, even if those parties would otherwise be willing to enter into an agreement with
Charger, AvenEx or Pace for a business combination. See "The Arrangement Agreement - Termination fees"