According to the latest documents disclosed by the U.S. Securities and Exchange Commission (SEC), if the transaction between AES Corp and the Global Infrastructure Partners (GIP) consortium is terminated under certain circumstances, the GIP consortium will be required to pay AES Corp a termination fee.
According to the latest documents disclosed by the U.S. Securities and Exchange Commission (SEC), if the transaction between AES Corp and the Global Infrastructure Partners (GIP) consortium is terminated under certain circumstances, the GIP consortium will be required to pay AES Corp a termination fee.
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The document clearly states that the amount of the termination fee will vary depending on the specific triggering circumstances. In certain cases, the GIP consortium is required to pay 100 millions; under other specific conditions, the termination fee may be as high as 588 millions. This clause is designed to provide a certain safeguard mechanism for the transaction.
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