Extension Approval definition

Extension Approval has the meaning set forth in Section 2.26(c).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Extension Approval means an approval of the Extension by the requisite shareholders of the SPAC in compliance with applicable Law and the SPAC’s Organizational Documents.

Extension Approval means the approval, at the Extension Meeting where a quorum is present, of the Extension Proposal, by an ordinary resolution in accordance with the Governing Documents of Plum requiring the affirmative vote of a simple majority of the votes cast by the holders of the issued Plum Shares, voting together as a single class, present in person or by proxy at the Extension Meeting (or any adjournment or postponement thereof), in accordance with the Governing Documents of Plum and applicable Law.

Examples of Extension Approval in a sentence

Any failure by the Capital Protection Provider to accept or reject a request by Fund to extend the Scheduled Termination Date during the Extension Approval Period shall be deemed to be a rejection by the Capital Protection Provider of such request.
Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension Approval, a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.
No other company proceeding on the part of Acquiror or Merger Sub is necessary to authorize this Agreement and the documents contemplated hereby (other than the Acquiror Stockholder Approval, the Acquiror Extension Approval and the Acquiror Warrantholder Approval).
Section 7.2(b) shall apply mutatis mutandis to the Extension Proxy Statement, the Extension Recommendation and the SPAC Shareholder Extension Approval, including with respect to the actions to be taken by the SPAC Board in connection therewith.
Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension Approval a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.
Priveterra shall include in the Extension Proxy Statement the recommendation of its board of directors that the holders of Priveterra Common Stock vote in favor of the amendment of the Governing Document of Priveterra to extend the outside date for consummating such an initial business combination to a date no earlier than the Termination Date, and shall act in good faith and use reasonable best efforts to obtain the Extension Approval.
Where the applicable Final Terms provides that Statutory Extended Final Maturity applies to the Notes and the Issuer has received a Statutory Maturity Extension Approval, a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.
Solely to the extent that an Extension Stockholders’ Meeting is required to be held, the Buyer Extension Approval shall have been obtained.
The Acquiror Stockholder Extension Approval shall have been obtained.
Sections 7.01(b), 7.01(c) and 7.02(a) shall apply mutatis mutandis to the Extension Proxy Statement, the Extension Proposal, the Parent Extension Stockholders’ Meeting and the Parent Extension Approval, including with respect to the actions to be taken by the Parent Board in connection therewith.

More Definitions of Extension Approval

Extension Approval has the meaning specified in Section 7.14.

Extension Approval means an order of the Court or any other event, the effect of which is to extend the stay of proceedings in respect of Vendor to accommodate an extension of the Outside Date."