Common use of Forward Purchase Agreement Clause in Contracts

Forward Purchase Agreement. FTAC has made available to PGHL a true, correct and complete copy of the Forward Purchase Agreement. The Forward Purchase Agreement is in full force and effect and is legal, valid and binding upon FTAC and, to the knowledge of FTAC, enforceable in accordance with its terms. The Forward Purchase Agreement has not been withdrawn, terminated, amended, modified or waived since the date of execution and prior to the execution of this Agreement, and as of the date of this Agreement no such withdrawal, termination, amendment or modification is contemplated, and as of the date of this Agreement the commitments contained in the Forward Purchase Agreement have not been withdrawn, terminated or rescinded by the FP Investor in any respect. FTAC has fully paid any and all commitment fees or other fees required in connection with the Forward Purchase Agreement that are payable on or prior to the date hereof and will pay any and all such fees when and as the same become due and payable after the date hereof pursuant to the Forward Purchase Agreement. FTAC has, and to the knowledge of FTAC, each other party to the Forward Purchase Agreement has, complied with all of its obligations under the Forward Purchase Agreement. There are no conditions precedent or, to the knowledge of FTAC, other contingencies related to the FTAC Financing to be provided pursuant to the Forward Purchase Agreement, other than as expressly set forth in the Forward Purchase Agreement. As of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would or would reasonably be expected to (a) constitute a default or breach on the part of FTAC or, to the knowledge of FTAC, (b) assuming the conditions set forth in Section 9.02 and Section 9.03 will be satisfied, constitute a failure to satisfy, or caused to be satisfied, a condition on the part of FTAC, or (c) assuming the conditions set forth in Section 9.02 and Section 9.03 will be satisfied, to the knowledge of FTAC, result in any portion of the amounts to be paid by the FP Investor in accordance with the Forward Purchase Agreement being unavailable on the Closing Date. As of the date hereof, assuming the conditions set forth in Section 9.02 and Section 9.03 will be satisfied, FTAC has no reason to believe that any of the conditions to the consummation of the purchases under the Forward Purchase Agreement will not be satisfied, and, as of the date hereof, FTAC is not aware of the existence of any fact or event that would or would reasonably be expected to cause such conditions not to be satisfied.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Foley Trasimene Acquisition II), Agreement and Plan of Merger

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Forward Purchase Agreement. FTAC Parent has made available delivered to PGHL the Company and the Stockholder Representative a true, correct accurate and complete copy of the Forward Purchase Agreement. The Forward Purchase Agreement is in full force and effect and is legal, valid and binding upon FTAC and, to the knowledge of FTAC, enforceable in accordance with its terms. The Forward Purchase Agreement has not been withdrawn, terminated, amendedor otherwise amended or modified, modified or waived since the date of execution and prior to the execution of this Agreementin any respect, and as of the date of this Agreement no such withdrawal, termination, amendment or modification is contemplatedcontemplated by Parent, and as of the date of this Agreement the commitments contained in the Forward Purchase Agreement have not been withdrawn, terminated or rescinded by the FP Investor Crescent in any respect. FTAC has fully paid any and all commitment fees or other fees required in connection with the The Forward Purchase Agreement is a legal, valid and binding obligation of Parent and Crescent, enforceable in accordance with its terms. The Forward Purchase Agreement provides that the Company and the Stockholder Representative are payable on third-party beneficiaries thereof and are entitled to enforce such agreement. There are no other agreements, side letters, or prior to the date hereof arrangements between Parent and will pay any and all such fees when and as the same become due and payable after the date hereof pursuant other Person (including Crescent) relating to the Forward Purchase Agreement. FTAC hasTransaction, and and, as of the date hereof, Parent does not know of any facts or circumstances that would reasonably be expected to result in any of the knowledge of FTAC, each other party to the Forward Purchase Agreement has, complied with all of its obligations under the Forward Purchase Agreement. There are no conditions precedent or, to the knowledge of FTAC, other contingencies related to the FTAC Financing to be provided pursuant to the Forward Purchase Agreement, other than as expressly set forth in the Forward Purchase AgreementAgreement not being satisfied, or the Forward Purchase Investment Amount not being available to Parent, on the Closing Date. As The Forward Purchase Agreement contains all of the date hereof, no conditions precedent to the obligations of Crescent to contribute to Parent the Forward Purchase Investment Amount on the terms therein. No event has occurred whichthat, with or without notice, lapse of time or both, would or would reasonably be expected to (a) constitute a default or breach on the part of FTAC or, to the knowledge Parent or Crescent under any condition precedent or material term of FTAC, (b) assuming the conditions set forth in Section 9.02 and Section 9.03 will be satisfied, constitute a failure to satisfy, or caused to be satisfied, a condition on the part of FTAC, or (c) assuming the conditions set forth in Section 9.02 and Section 9.03 will be satisfied, to the knowledge of FTAC, result in any portion of the amounts to be paid by the FP Investor in accordance with the Forward Purchase Agreement being unavailable on the Closing Date. As and, as of the date hereof, assuming the conditions set forth in Section 9.02 and Section 9.03 will be satisfied, FTAC Parent has no reason to believe that any of the conditions to the consummation of the purchases under the Forward Purchase Agreement Transaction will not be satisfied, and, as of the date hereof, FTAC Parent is not aware of the existence of any fact or event that would or would reasonably be expected to cause such conditions not to be satisfied.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Crescent Acquisition Corp), Agreement and Plan of Merger (Crescent Acquisition Corp)

Forward Purchase Agreement. FTAC FPAC has made available to PGHL Fairly Disclosed a true, correct and complete copy of the Forward Purchase Agreement. The Forward Purchase Agreement is in full force and effect and is legal, valid and binding upon FTAC FPAC and, to the knowledge of FTACFPAC, the Backstop Subscriber, enforceable in accordance with its terms. The Forward Purchase Agreement has not been withdrawn, terminated, amended, amended or modified or waived since the date of execution and prior to the execution of this Agreement, and as of the date of this Agreement no such withdrawal, termination, amendment or modification is contemplated, and as of the date of this Agreement the commitments contained in the Forward Purchase Agreement have not been withdrawn, terminated or rescinded by the FP Investor Backstop Subscriber in any respect. FTAC FPAC has fully paid any and all commitment fees or other fees required in connection with the Forward Purchase Agreement that are payable on or prior to the date hereof and will pay any and all such fees when and as the same become due and payable after the date hereof pursuant to the Forward Purchase Agreement. FTAC FPAC has, and to the knowledge of FTACFPAC, each other party to the Forward Purchase Agreement has, complied with all of its obligations under the Forward Purchase Agreement. There are no conditions precedent or, to the knowledge of FTACFPAC, other contingencies related to the FTAC Financing to be provided pursuant to the Forward Purchase AgreementFPAC Financing, other than as expressly set forth in the Forward Purchase Agreement. As of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would or would reasonably be expected to (ai) constitute a default or breach on the part of FTAC FPAC or, to the knowledge of FTACFPAC, any Backstop Subscriber, (bii) assuming the conditions set forth in Section 9.02 10.01 and Section 9.03 10.02 will be satisfied, constitute a failure to satisfy, or caused to be satisfied, satisfy a condition on the part of FTAC, FPAC or any Backstop Subscriber or (ciii) assuming the conditions set forth in Section 9.02 10.01 and Section 9.03 10.02 will be satisfied, to the knowledge of FTACFPAC, result in any portion of the amounts to be paid by the FP Investor Backstop Subscribers in accordance with the Forward Purchase Agreement being unavailable on the Closing Date. As of the date hereof, assuming the conditions set forth in Section 9.02 10.01 and Section 9.03 10.02 will be satisfied, FTAC FPAC has no reason to believe that any of the conditions to the consummation of the purchases under the Forward Purchase Agreement will not be satisfied, and, as of the date hereof, FTAC FPAC is not aware of the existence of any fact or event that would or would reasonably be expected to cause such conditions not to be satisfied.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Far Point Acquisition Corp)

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Forward Purchase Agreement. FTAC has Unless otherwise approved in writing by Archaea and the Buyer Parties shall not (i) (A) permit any amendment or modification to be made available to, (B) waive (in whole or in part) or (C) provide consent to PGHL a true, correct and complete copy of the Forward Purchase Agreement. The Forward Purchase Agreement is in full force and effect and is legal, valid and binding upon FTAC andmodify or waive (including consent to termination, to the knowledge of FTACextent required), enforceable in accordance with its terms. The Forward Purchase Agreement has not been withdrawn, terminated, amended, modified any provision or waived since the date of execution and prior to the execution of this Agreement, and as of the date of this Agreement no such withdrawal, termination, amendment or modification is contemplated, and as of the date of this Agreement the commitments contained in remedy under the Forward Purchase Agreement have not been withdrawn, terminated or rescinded by the FP Investor in (ii) permit any respect. FTAC has fully paid any and all commitment fees or other fees required in connection with the Forward Purchase Agreement that are payable on or prior to the date hereof and will pay any and all such fees when and as the same become due and payable after the date hereof pursuant to the Forward Purchase Agreement. FTAC has, and to the knowledge assignment of FTAC, each other party to the Forward Purchase Agreement has, complied with all of its obligations under the Forward Purchase Agreement. There are no conditions precedent or, to the knowledge of FTAC, other contingencies related to the FTAC Financing to be provided pursuant to the Forward Purchase Agreement, other than assignments to Affiliates. The Buyer and RAC shall use reasonable best efforts to take, or cause to be taken, all actions and do, or cause to be done, all things necessary, proper or advisable to consummate the transactions contemplated by the Forward Purchase Agreement at the Closing on the terms and subject to the conditions in the Forward Purchase Agreement, including maintaining in effect the Forward Purchase Agreement, and to: (i) satisfy on a timely basis all conditions and covenants applicable to Rice Holdings and RAC in the Forward Purchase Agreement and otherwise comply with their obligations thereunder, (ii) if all conditions in the Forward Purchase Agreement (other than those conditions that by their nature are to be satisfied at the Closing, but which conditions are then capable of being satisfied) have been satisfied, consummate the transactions contemplated by the Forward Purchase Agreement at or prior to the Closing; (iii) deliver notices to counterparties to the Forward Purchase Agreement (if any) as expressly required by and in the manner set forth in the Forward Purchase Agreement. As Agreement in order to cause timely funding in advance of the date hereofClosing; and (iv) enforce the Buyer Parties’ and Sponsor’s rights under the Forward Purchase Agreement, no event has occurred which, with or without notice, lapse of time or both, would or would reasonably be expected to (a) constitute a default or breach on the part of FTAC or, subject to the knowledge of FTACprovisions thereof, (b) assuming the if all conditions set forth in Section 9.02 and Section 9.03 will be satisfied, constitute a failure to satisfy, or caused to be satisfied, a condition on the part of FTAC, or (c) assuming the conditions set forth in Section 9.02 and Section 9.03 will be satisfied, to the knowledge of FTAC, result in any portion of the amounts to be paid by the FP Investor in accordance with the Forward Purchase Agreement (other than those conditions that by their nature are to be satisfied at the Closing, but which conditions are then capable of being unavailable on satisfied), have been satisfied, to cause the Closing Date. As of Purchaser (as defined in the date hereof, assuming Forward Purchase Agreement) to fund the conditions amount set forth in Section 9.02 and Section 9.03 will be satisfied, FTAC has no reason to believe that any of the conditions to the consummation of the purchases under the Forward Purchase Agreement will not be satisfied, and, as of the date hereof, FTAC is not aware of the existence of any fact or event that would or would reasonably be expected to cause such conditions not to be satisfiedin accordance with its terms.

Appears in 1 contract

Samples: Business Combination Agreement (Rice Acquisition Corp.)

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