Common use of Termination of Fund Clause in Contracts

Termination of Fund. At any time following the first (1st) anniversary of the Closing Date, Holdings shall be entitled to require the Transfer Agent to deliver to it any funds or other property (including any interest received with respect thereto) that had been made available to the Transfer Agent and which have not been disbursed in accordance with this Article I, and thereafter persons entitled to receive payment pursuant to this Article I shall be entitled to look only to Holdings (subject to abandoned property, escheat or other similar Laws) as general creditors thereof with respect to the delivery of any Per Share Merger Consideration and payment of any dividends or other distributions to which such holder is entitled pursuant to Section 1.6(b), in each case without interest (subject to any applicable withholding Tax), that may be deliverable or payable upon surrender of any SPAC Shares held by such holders, as determined pursuant to this Agreement, without any interest thereon.

Appears in 2 contracts

Sources: Business Combination Agreement (Home Plate Acquisition Corp), Business Combination Agreement (Home Plate Acquisition Corp)

Termination of Fund. At any time following the first (1st) anniversary of the Closing DateCompany Merger Effective Time, Holdings PubCo shall be entitled to require the Transfer Exchange Agent to deliver to it any funds or other property (including any interest received with respect thereto) that had been made available to the Transfer Exchange Agent and which have not been disbursed in accordance with this Article III, and thereafter persons Persons entitled to receive payment pursuant to this Article I II shall be entitled to look only to Holdings PubCo (subject to abandoned property, escheat or other similar Laws) as general creditors thereof with respect to the delivery of any Per Share Merger Consideration and payment of any dividends or other distributions to which such holder is entitled pursuant to Section 1.6(b)2.7 or Section 2.8, in each case case, without interest (subject to any applicable withholding Tax), that may be deliverable or payable upon surrender cancellation of any SPAC Shares or shares of Company Stock, as applicable, held by such holders, as determined pursuant to this Agreement, without any interest thereon.

Appears in 1 contract

Sources: Business Combination Agreement (Cantor Equity Partners II, Inc.)

Termination of Fund. At any time following the first (1st) anniversary of the Closing Date, Holdings Holdco shall be entitled to require the Transfer Exchange Agent to deliver to it any funds or other property (including any interest Table of Contents received with respect thereto) that had been made available to the Transfer Exchange Agent and which have not been disbursed in accordance with this Article IIII, and thereafter persons entitled to receive payment pursuant to this Article I III shall be entitled to look only to Holdings Holdco (subject to abandoned property, escheat or other similar Laws) as general creditors thereof with respect to the delivery payment of any Per Share Merger Consideration and payment of any dividends or other distributions to which such holder is entitled pursuant to Section 1.6(b3.03(c), in each case without interest (subject to any applicable withholding Tax), that may be deliverable or payable upon surrender of any SPAC Shares Kensington Common Stock held by such holders, as determined pursuant to this Agreement, without any interest thereon.

Appears in 1 contract

Sources: Business Combination Agreement (Wallbox N.V.)

Termination of Fund. At any time following the first (1st) anniversary of the Share Acquisition Closing Date, Holdings shall be entitled to require the Transfer Agent to deliver to it any funds or other property (including any interest received with respect thereto) that had been made available to the Transfer Agent and which have not been disbursed in accordance with this Article I, and thereafter persons entitled to receive payment pursuant to this Article I shall be entitled to look only to Holdings (subject to abandoned property, escheat or other similar Laws) as general creditors thereof with respect to the delivery of any Per Share Merger Consideration and payment of any dividends or other distributions to which such holder is entitled pursuant to Section 1.6(b), in each case without interest (subject to any applicable withholding Tax), that may be deliverable or payable upon surrender of any SPAC Purchaser Ordinary Shares held by such holders, as determined pursuant to this Agreement, without any interest thereon.

Appears in 1 contract

Sources: Business Combination Agreement (GoGreen Investments Corp)