PIPE Transactions definition
Examples of PIPE Transactions in a sentence
Except as set forth on Schedule 7.09, no Loan Party is subject to any obligation (contingent or otherwise) to repurchase or acquire or retire any of its Capital Stock, other than stock repurchases otherwise permitted hereunder and other than any such obligations set forth in the Certificate of Amendment filed by the Borrower in connection with the PIPE Transactions.
Neither Parent nor Merger Sub has any liability or obligation to pay fees or commissions to any broker, finder or agent with respect to the Transactions, other than obligations to pay the Deferred Underwriting Commission and any amounts payable in connection with the PIPE Transactions.
The Stockholder hereby affirms that the irrevocable proxy set forth in this Section 1(b) constitutes an inducement for Company to enter into the PIPE Transactions, is given in connection with the execution of the Purchase Agreement between the Stockholder and the Company dated as of the date hereof, and is given to secure the performance of the duties of the Stockholder under such Purchase Agreement.
As used herein, “Expiration Date” shall mean the earlier to occur of (i) the consummation of all of the PIPE Transactions, (ii) the one (1) year anniversary of the date hereof, and (iii) the date the Purchase Agreement between the Company and affiliates of OrbiMed Advisors, LLC is terminated in accordance with the terms thereof.
As used herein, “Expiration Date” shall mean the earlier to occur of (i) the consummation of the PIPE Transactions, (ii) the one (1) year anniversary of the date hereof, and (iii) the date the Purchase Agreement is terminated in accordance with the terms thereof.
The Company shall: by the Disclosure Time, issue a press release disclosing the material terms of the PIPE Transactions contemplated hereby, and file a Report on Form 6-K, in each case disclosing the material terms of the transactions contemplated hereby in the form required by the Exchange Act and attaching as an exhibit to such Report on Form 6-K this Agreement.