Common use of Termination and Refund Clause in Contracts

Termination and Refund. Unless otherwise agreed by the parties hereto, this Agreement shall automatically terminate if the Company’s IPO is not consummated on or prior to October 31, 2021, unless otherwise agreed to in writing by the parties hereto. In the event of such termination, the Purchaser shall forfeit back to the Sellers any and all rights to all of the Shares purchased pursuant to this Agreement and the Sellers shall return the Purchase Price to the Purchaser.

Appears in 2 contracts

Sources: Investment Agreement (First Light Acquisition Group, Inc.), Investment Agreement (First Light Acquisition Group, Inc.)

Termination and Refund. Unless otherwise agreed by the parties hereto, this Agreement shall automatically terminate if the Company’s IPO is not consummated on or prior to October 31, 2021, unless otherwise agreed to in writing by the parties hereto. In the event of such termination, the Purchaser shall forfeit transfer the Shares back to the Sellers Sponsor and forfeit any and all rights to all of the Shares purchased pursuant to this Agreement and the Sellers Sponsor shall return the Purchase Price to the Purchaser.

Appears in 1 contract

Sources: Investment Agreement (Home Plate Acquisition Corp)