Failure to Consummate Business Combination. All of the Shares purchased pursuant to this Agreement initially shall be subject to forfeiture to the Company in accordance with this Section 7. The Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination within 24 months from the consummation of the IPO.
Appears in 7 contracts
Samples: Subscription Agreement (Medallion Financial Corp), Subscription Agreement (Sports Properties Acquisition Corp.), Subscription Agreement (Sports Properties Acquisition Corp.)
Failure to Consummate Business Combination. All of the Shares Warrants purchased pursuant to this Agreement initially shall be subject to forfeiture to the Company in accordance with this Section 7. The Shares Warrants shall be forfeited to the Company in the event that the Company does not consummate a Business Combination Combination, with respect the Company’s IPO within 24 months from the consummation of the IPO.
Appears in 4 contracts
Samples: Subscription Agreement, Form of Subscription Agreement (Sports Properties Acquisition Corp.), Form of Subscription Agreement (Sports Properties Acquisition Corp.)
Failure to Consummate Business Combination. All of the Shares Warrants purchased pursuant to this Agreement initially shall be subject to forfeiture to the Company in accordance with this Section 76. The Shares Warrants shall be forfeited to the Company in the event that the Company does not consummate a Business Combination Combination, with respect to the Company’s IPO, within 24 months from the consummation of the IPO, unless extended.
Appears in 2 contracts
Samples: Subscription Agreement, Form of Subscription Agreement (National Security Solutions Inc.)
Failure to Consummate Business Combination. All of the Shares purchased pursuant to this Agreement initially shall be subject to forfeiture to the Company in accordance with this Section 7. The Shares shall be forfeited to the Company in the event that the Company does not consummate a Business Combination Combination, within 24 months from the consummation of the IPO, unless extended.
Appears in 1 contract
Samples: Form of Stock Purchase Agreement (National Security Solutions Inc.)
