Sponsor Support. The Sponsor will sponsor the Student in the Nursing Service Scholarship Program (hereinafter referred to as the "Program") by providing the scholarship amount established under the provisions of the Program. Such amount will be paid to the Executive Officer of the Board of Regents for deposit in the Nursing Service Scholarship Program Fund in accordance with the provisions of the Program at such times and in such amounts as may be specified by the Executive Officer.
Sponsor Support. From the date hereof until the earlier of the termination of this Agreement and the Closing Date, Sponsor shall provide one or more working capital loans to the Company in an aggregate amount of $500,000 (the “Working Capital Loans”) to pay for the Company expenses incurred in connection with the transactions contemplated by this Agreement and the other Transaction Documents. Such Working Capital Loans shall be convertible into Company Units immediately prior to the Effective Time at a conversion price of $10 per Company Unit. In connection with the conversion of such Working Capital Loans, the Company shall cause Sponsor to forfeit 50,000 Company Ordinary Shares held by Sponsor (the “Working Capital Loan Forfeiture”).
Sponsor Support. At any meeting of the shareholders of SPAC, however called, or at any adjournment thereof, and in any action by written consent of the shareholders of SPAC distributed by the BHAC Board, or otherwise undertaken as contemplated by the Business Combination Agreement or the transactions contemplated thereby, or in any other circumstance in which the vote, consent or other approval of the shareholders of SPAC is sought, Sponsor hereby unconditionally and irrevocably agrees that it shall (i) appear at each such meeting or otherwise cause all of its Sponsor Shares to be counted as present thereat for purposes of calculating a quorum and (ii) vote (or cause to be voted), or execute and deliver a written consent (or cause a written consent to be executed and delivered) covering, all of its Sponsor Shares: (a) in favor of the BHAC Shareholder Approval and any other matters necessary or reasonably requested by the Company or SPAC in connection therewith; (b) in favor of any proposal to adjourn or postpone any meeting of the shareholders of SPAC at which any of the foregoing matters are submitted for consideration and vote of the shareholders of SPAC to a later date if there are not a quorum or sufficient votes for approval of such matters on the date on which the meeting is held to vote upon any of the foregoing matters; (c) against any proposal relating to an alternative Business Combination (as defined in SPAC’s certificate of incorporation as in effect as of the date hereof); (d) against any proposal, action or agreement that would (1) compete with the transaction contemplated by the Business Combination Agreement, (2) result in a breach of any covenant, representation or warranty or any other obligation or agreement of SPAC contained in the Business Combination Agreement, or of the Sponsor contained in this Side Letter, (3) reasonably be expected to impede, frustrate, prevent or nullify any provision of this Side Letter, the Business Combination Agreement or this Side Letter or the performance by SPAC of its obligations under the Business Combination Agreement or by the Sponsor of its obligations under this Side Letter or (4) change in any manner the dividend policy or capitalization of, including the voting rights of, any class of capital stock or other securities of SPAC (other than, in the case of this clause (4), pursuant to the Business Combination Agreement or the Ancillary Documents and the transactions contemplated thereby). The obligations of the Sponso...
Sponsor Support. A. As identified in the Agreement, Company will issue a payment to UMD to support the project and the iConsultancy Experiential Learning Program (“the iConsultancy”). Course projects are a critical component of the experiential learning inherent to the College of Information Studies’ iConsultancy. Projects with external organization sponsors provide students the opportunity to apply their knowledge to a real-world case study by focusing on a challenge of interest to the sponsoring partner. Financial support from partners makes these project partnerships possible by providing operating support for the iConsultancy program.
Sponsor Support. A. As identified in the Agreement, Company will issue a payment to UMD to support the project and QUEST. Course projects are a critical component of the experiential learning inherent to Maryland Smith’s QUEST Honors Program. Projects with corporations provide students the opportunity to apply their knowledge to a real-world case study by focusing on a challenge of interest to the corporate partner. Financial support from the corporate partners makes these project partnerships possible by providing operating support for the QUEST program.
Sponsor Support. The Facility Agent shall have received the following:
Sponsor Support. This obligation of the Sponsor set out in this Section 2 is referred to as the “Sponsor Support”.
Sponsor Support. During the Pre-Closing Period, Sponsor may, at its sole discretion, provide one or more working capital loans to the SPAC (the “Working Capital Loans”) to pay for the SPAC expenses incurred in connection with the transactions contemplated by this Agreement and the other Transaction Documents. Such Working Capital Loans shall be convertible into SPAC Warrants immediately prior to the Effective Time at a conversion price and on the terms and conditions set forth in the SPAC’s Form S-1 filing.
Sponsor Support. (i) The sum of (A) the amount of Sponsor Funding deposited in the Equity Account plus (B) the aggregate undrawn face amount of all Equity Support Letters of Credit shall equal the Equity Amount.
Sponsor Support. HCAM acknowledges that it may, at is option and in its sole discretion, assist and support GCAC in consummating the Acquisitions, but will not provide such assistance and support by entering into any private negotiations to purchase, or purchasing, any GCAC securities.
