Common use of Alternative PIPE Financing Clause in Contracts

Alternative PIPE Financing. If an entity other than the Company is to be the surviving public issuer of securities pursuant to the Company’s initial Business Combination and undertakes a PIPE Transaction in connection with such Business Combination (an “Alternative PIPE Financing”), the Company shall cause such issuer to give effect to the rights of Counterparty hereunder in relation to such Alternative PIPE Transaction (and any Additional PIPE Financing in relation thereto) as if the Company were the issuer of securities pursuant to such Alternative PIPE Transaction, subject to such equitable changes to the terms hereof as may be necessary to give effect to the substitution of such issuer for the Company hereunder.

Appears in 4 contracts

Samples: Forward Purchase Agreement (Northern Genesis Acquisition Corp. III), Forward Purchase Agreement (Northern Genesis Acquisition Corp. II), Forward Purchase Agreement (Northern Genesis Acquisition Corp. III)

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