Specified Event definition
Examples of Specified Event in a sentence
Notwithstanding anything to the contrary in this Agreement, each Underwriter may at any time prior to the Specified Event and in its sole and absolute discretion, by written notice to the Company, elect to forfeit any right or claim to its Deferred Underwriting Commission, in which case the Company agrees to instruct the Trustee not to pay such Underwriter its Deferred Underwriting Commission upon the occurrence of a Specified Event.
The Company shall use reasonable best efforts to promptly, but in any event within 2 business days after senior management of the Company becomes aware of the occurrence thereof, provide notice to the Holder of each and any Specified Event and Specified Event Termination.
The Representative on behalf of itself and the Underwriters further agrees that the Deferred Underwriting Commission shall be decreased by $0.40 for every Ordinary Share for which a Public Shareholder exercises its redemption rights in connection with or prior to the Specified Event.
Any such partial closing described in the preceding sentence shall not relieve the Holder of its obligation to purchase the Remaining Commitment Shares thereafter if elected by either the Holder or the Company once the Closing Condition set forth in Section 2.1(iv) has been satisfied and/or all Specified Event Terminations have occurred (as applicable), subject to the satisfaction of all Closing Conditions as of such date.