PIPE Investment definition
Examples of PIPE Investment in a sentence
Each of Acquiror and the Company shall use its, and each shall cause its Affiliates to use their, commercially reasonable efforts to solicit, negotiate and enter into subscription agreements (each, a “Subscription Agreement”) with third party investors (such investors, collectively, with any permitted assignees or transferees, the “PIPE Investors”), pursuant to which the PIPE Investors make or commit to make a PIPE Investment.
Acquiror shall not enter into a Subscription Agreement or consummate a PIPE Investment without the prior written consent of the Company (such consent not to be unreasonably withheld, conditioned or delayed) and, if such consent is given, the PIPE Investment shall only be consummated on terms reasonably satisfactory to the Company.
From the date hereof until the Closing Date, Acquiror and the Company shall, and shall cause their respective financial advisors and legal counsels to, keep each other and their respective financial advisors and legal counsels reasonably informed with respect to any PIPE Investment.
Substantially simultaneously with the Merger Closing, the PIPE Investment shall be consummated pursuant to, and in the amounts set forth in, the Subscription Agreements.
The Company and Acquiror shall reasonably cooperate with each other and provide reasonable assistance and information as reasonably requested by the other in connection with any PIPE Investment.