{"component": "clause", "props": {"groups": [{"snippet": "Prior to the Closing, the Company shall take each of the actions set forth in Section 5.10 of the Company Letter.", "samples": [{"hash": "3BA4xWDzPuU", "uri": "/contracts/3BA4xWDzPuU#certain-pre-closing-actions", "label": "Merger Agreement (Merge Healthcare Inc)", "score": 26.7823410034, "published": true}, {"hash": "aKQZoYetT9c", "uri": "/contracts/aKQZoYetT9c#certain-pre-closing-actions", "label": "Merger Agreement (Merge Healthcare Inc)", "score": 26.6098556519, "published": true}, {"hash": "gLSYIxFKNHg", "uri": "/contracts/gLSYIxFKNHg#certain-pre-closing-actions", "label": "Merger Agreement (DemandTec, Inc.)", "score": 22.9329223633, "published": true}], "snippet_links": [{"key": "prior-to-the-closing", "type": "clause", "offset": [0, 20]}, {"key": "the-company-shall", "type": "clause", "offset": [22, 39]}, {"key": "the-actions", "type": "clause", "offset": [53, 64]}, {"key": "company-letter", "type": "clause", "offset": [98, 112]}], "size": 8, "hash": "c06384d417b6748b5674cbace6309e74", "id": 1}, {"snippet": "(a) The Company shall use reasonable best efforts to deliver all notices and take all other actions that are required to terminate, in accordance with the terms thereof, the Common Stock Sales Agreement, dated as of August 9, 2024, between the Company and TD Securities (USA) LLC, prior to the Effective Time.\n(b) The Company shall take the actions set forth on Section 6.17(b) of the Company Disclosure Letter.", "samples": [{"hash": "enmqTIL2yyZ", "uri": "/contracts/enmqTIL2yyZ#certain-pre-closing-actions", "label": "Merger Agreement (Novartis Ag)", "score": 37.0930862427, "published": true}, {"hash": "ec1yIuW4a50", "uri": "/contracts/ec1yIuW4a50#certain-pre-closing-actions", "label": "Merger Agreement (Atrium Therapeutics, Inc.)", "score": 37.0793991089, "published": true}, {"hash": "6H1uzQJHOgX", "uri": "/contracts/6H1uzQJHOgX#certain-pre-closing-actions", "label": "Merger Agreement (Avidity Biosciences, Inc.)", "score": 36.8193016052, "published": true}], "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [4, 21]}, {"key": "use-reasonable-best-efforts", "type": "clause", "offset": [22, 49]}, {"key": "all-notices", "type": "definition", "offset": [61, 72]}, {"key": "all-other-actions", "type": "clause", "offset": [82, 99]}, {"key": "in-accordance-with", "type": "definition", "offset": [132, 150]}, {"key": "the-terms", "type": "definition", "offset": [151, 160]}, {"key": "sales-agreement", "type": "definition", "offset": [187, 202]}, {"key": "dated-as-of", "type": "definition", "offset": [204, 215]}, {"key": "td-securities", "type": "definition", "offset": [256, 269]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [281, 308]}, {"key": "the-actions", "type": "clause", "offset": [337, 348]}, {"key": "company-disclosure-letter", "type": "definition", "offset": [385, 410]}], "size": 3, "hash": "26ed6e6d8050aa05fe884b9dd54baced", "id": 2}, {"snippet": "Prior to the Closing Date, Seller shall have used commercially reasonable efforts to take the action set forth on Schedule \u200e6.25.", "samples": [{"hash": "eCH5zq8ht20", "uri": "/contracts/eCH5zq8ht20#certain-pre-closing-actions", "label": "Contribution Agreement (Victory Capital Holdings, Inc.)", "score": 36.6002731323, "published": true}, {"hash": "R56beAVaSN", "uri": "/contracts/R56beAVaSN#certain-pre-closing-actions", "label": "Contribution Agreement (Victory Capital Holdings, Inc.)", "score": 35.8528404236, "published": true}, {"hash": "1S5vTn2SO8C", "uri": "/contracts/1S5vTn2SO8C#certain-pre-closing-actions", "label": "Contribution Agreement (Victory Capital Holdings, Inc.)", "score": 35.5270347595, "published": true}], "snippet_links": [{"key": "prior-to-the-closing-date", "type": "clause", "offset": [0, 25]}, {"key": "seller-shall", "type": "clause", "offset": [27, 39]}, {"key": "commercially-reasonable-efforts", "type": "definition", "offset": [50, 81]}, {"key": "the-action", "type": "clause", "offset": [90, 100]}, {"key": "on-schedule", "type": "definition", "offset": [111, 122]}], "size": 3, "hash": "e73b6598ef1640a2ac880c0a6119afe3", "id": 3}, {"snippet": "Without limiting anything else contained herein, Target shall have done the following on or before the Closing Date:\n(a) Terminated (i) that certain Akamai EdgeSuite Services\u2014Platinum Order Form dated June 29, 2001 (as amended) by and between Target and Akamai Technologies, Inc., (ii) that certain Akamai FreeFlow Services Change Order Form dated July 31, 2000 by and between Target and Akamai Technologies, Inc. and (iii) that certain Internet Data Center Services Agreement dated March 31, 1999 by and between Target and Exodus Communications in such a manner that there is no further liability or obligation of Target or Surviving Corporation thereunder.\n(b) Paid all amounts owed to any law firm, accounting firm, investment banking firm or any other professional advisor (including without limitation, Paul, Hastings, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587 LLP, \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and the Target Financial Advisor) for any services rendered prior to the Effective Time, including without limitation any services relating to the transactions contemplated hereby, all in such a manner that there is no further liability or obligation of Target or Surviving Corporation to any of the foregoing.\n(c) Terminated each employee of Target other than those which Acquiror has indicated it wished to retain as set forth in Section 5.13, paid or provided each such employee all notices and all severance and other benefits to which such employee is entitled and otherwise complied with all applicable laws in connection with such terminations, all in such a manner that there is no further liability or obligation of Target or Surviving Corporation relating to any of the foregoing.\n(d) Paid all amounts to which any employee is entitled under any severance arrangement, whether or not such employee is being terminated in connection with the Merger and obtained a release of all claims under any such severance arrangement from each employee who receives a severance payment, other than from employees who have a contractual right to receive a severance payment without providing such a release with respect to which Target shall use it reasonable best efforts to obtain a release.\n(e) Paid its entire commitment to DoubleClick Inc. under that certain Master Services Agreement, dated as of October 2, 2001, by and between Target and DoubleClick Inc. and any other agreement related thereto, such that neither Target nor Surviving Corporation will have any further commitment or obligation to pay any amounts to DoubleClick Inc. under such agreements.\n(f) Procured a \"tail\" policy to Target's existing Directors and Officers Liability Insurance in an amount not less than $25,000,000, which shall cover the directors and officers of Target for occurrences prior to the Effective Time for a period equal to three years with respect to the causes of action covered by such insurance. Target shall use its reasonable best efforts to obtain such a policy with a deductible equal to or less than $200,000, provided that if Target cannot obtain a policy with such a deductible despite exercising its reasonable best efforts, then the Cash Account shall be increased by an amount equal to $50,000 (the \"Insurance Amount\") and provided, further, that in no event shall the deductible be an amount greater than $500,000.", "samples": [{"hash": "lHZfb7wxoRB", "uri": "/contracts/lHZfb7wxoRB#certain-pre-closing-actions", "label": "Merger Agreement (Euniverse Inc)", "score": 21.0, "published": true}, {"hash": "bTLBlut2iVX", "uri": "/contracts/bTLBlut2iVX#certain-pre-closing-actions", "label": "Merger Agreement (Euniverse Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "without-limiting", "type": "definition", "offset": [0, 16]}, {"key": "or-before-the-closing-date", "type": "clause", "offset": [89, 115]}, {"key": "as-amended", "type": "definition", "offset": [216, 226]}, {"key": "change-order-form", "type": "definition", "offset": [324, 341]}, {"key": "data-center-services-agreement", "type": "definition", "offset": [446, 476]}, {"key": "no-further-liability", "type": "clause", "offset": [577, 597]}, {"key": "surviving-corporation", "type": "definition", "offset": [625, 646]}, {"key": "amounts-owed", "type": "definition", "offset": [672, 684]}, {"key": "law-firm", "type": "definition", "offset": [692, 700]}, {"key": "accounting-firm", "type": "definition", "offset": [702, 717]}, {"key": "investment-banking-firm", "type": "definition", "offset": [719, 742]}, {"key": "professional-advisor", "type": "definition", "offset": [756, 776]}, {"key": "including-without-limitation", "type": "clause", "offset": [778, 806]}, {"key": "target-financial-advisor", "type": "definition", "offset": [871, 895]}, {"key": "services-rendered", "type": "clause", "offset": [905, 922]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [923, 950]}, {"key": "relating-to", "type": "definition", "offset": [994, 1005]}, {"key": "contemplated-hereby", "type": "clause", "offset": [1023, 1042]}, {"key": "the-foregoing", "type": "clause", "offset": [1159, 1172]}, {"key": "notices-and-all", "type": "clause", "offset": [1349, 1364]}, {"key": "other-benefits-to", "type": "clause", "offset": [1379, 1396]}, {"key": "all-applicable-laws", "type": "definition", "offset": [1457, 1476]}, {"key": "in-connection-with", "type": "clause", "offset": [1477, 1495]}, {"key": "any-employee", "type": "clause", "offset": [1684, 1696]}, {"key": "severance-arrangement", "type": "clause", "offset": [1719, 1740]}, {"key": "the-merger", "type": "clause", "offset": [1810, 1820]}, {"key": "claims-under", "type": "clause", "offset": [1851, 1863]}, {"key": "severance-payment", "type": "definition", "offset": [1929, 1946]}, {"key": "employees-who", "type": "clause", "offset": [1964, 1977]}, {"key": "right-to-receive", "type": "clause", "offset": [1997, 2013]}, {"key": "with-respect-to", "type": "clause", "offset": [2067, 2082]}, {"key": "efforts-to-obtain", "type": "clause", "offset": [2125, 2142]}, {"key": "commitment-to", "type": "clause", "offset": [2174, 2187]}, {"key": "master-services-agreement", "type": "definition", "offset": [2224, 2249]}, {"key": "dated-as-of", "type": "definition", "offset": [2251, 2262]}, {"key": "any-other-agreement", "type": "definition", "offset": [2327, 2346]}, {"key": "further-commitment", "type": "clause", "offset": [2429, 2447]}, {"key": "obligation-to-pay", "type": "clause", "offset": [2451, 2468]}, {"key": "directors-and-officers-liability-insurance", "type": "clause", "offset": [2574, 2616]}, {"key": "directors-and-officers-of-target", "type": "clause", "offset": [2679, 2711]}, {"key": "equal-to", "type": "definition", "offset": [2769, 2777]}, {"key": "causes-of-action", "type": "clause", "offset": [2810, 2826]}, {"key": "covered-by", "type": "definition", "offset": [2827, 2837]}, {"key": "a-policy", "type": "clause", "offset": [2914, 2922]}, {"key": "provided-that", "type": "definition", "offset": [2973, 2986]}, {"key": "cash-account", "type": "clause", "offset": [3100, 3112]}, {"key": "increased-by", "type": "clause", "offset": [3122, 3134]}, {"key": "insurance-amount", "type": "clause", "offset": [3168, 3184]}, {"key": "in-no-event-shall", "type": "clause", "offset": [3215, 3232]}], "size": 3, "hash": "54a208f1f92ba19dc146cd9ff78ab1f6", "id": 4}, {"snippet": "The second sentence of Section 5.8(a) of the Agreement is hereby deleted and replaced with the following: The JBG Parties shall cause the actions set forth on Section 5.8(a) of the JBG Disclosure Letter that are contemplated to be taken prior to the Closing (collectively, the \u201cRestructuring Transactions\u201d) to be implemented as set forth therein immediately following the occurrence of the Pre-Combination Transactions, but prior to the Closing (other than obtaining certain consents, forming certain entities, contributing certain JBG Included Interests to the applicable Transferred LLC and certain related transactions, which may occur prior to the Pre-Combination Transactions).", "samples": [{"hash": "9xEt3y9ulL6", "uri": "/contracts/9xEt3y9ulL6#certain-pre-closing-actions", "label": "Master Transaction Agreement (JBG SMITH Properties)", "score": 28.5509929657, "published": true}, {"hash": "4sDkbFvMk14", "uri": "/contracts/4sDkbFvMk14#certain-pre-closing-actions", "label": "Master Transaction Agreement (Vornado Realty Lp)", "score": 28.5509929657, "published": true}], "snippet_links": [{"key": "the-agreement", "type": "clause", "offset": [41, 54]}, {"key": "replaced-with", "type": "clause", "offset": [77, 90]}, {"key": "jbg-parties", "type": "definition", "offset": [110, 121]}, {"key": "the-actions", "type": "clause", "offset": [134, 145]}, {"key": "disclosure-letter", "type": "clause", "offset": [185, 202]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [237, 257]}, {"key": "restructuring-transactions", "type": "clause", "offset": [278, 304]}, {"key": "following-the", "type": "definition", "offset": [358, 371]}, {"key": "the-pre", "type": "clause", "offset": [386, 393]}, {"key": "combination-transactions", "type": "definition", "offset": [394, 418]}, {"key": "certain-consents", "type": "clause", "offset": [467, 483]}, {"key": "certain-entities", "type": "clause", "offset": [493, 509]}, {"key": "included-interests", "type": "definition", "offset": [536, 554]}, {"key": "the-applicable", "type": "clause", "offset": [558, 572]}, {"key": "certain-related-transactions", "type": "clause", "offset": [593, 621]}], "size": 2, "hash": "89f9fbde6a54de45abe97e04765a5c98", "id": 5}, {"snippet": "(a) Prior to the Initial Merger Effective Time, the Company Articles shall be duly amended to exempt the Transactions from the provisions of the Company Articles, including but not limited to, Article 10 (Anti-Dilution Protection) therein and Section 1.1 (Liquidation Rights) and Section 1.3 (Conversion Rights) of Schedule I thereto.\n(b) At the Initial Merger Effective Time, PubCo\u2019s Organizational Documents, as in effect immediately prior to the Initial Merger Effective Time, shall be amended and restated to read in their entirety in the form of the amended and restated memorandum and articles of association of PubCo attached hereto as Exhibit I (the \u201cPubCo Articles\u201d), and, as so amended and restated, shall be the memorandum and articles of association of PubCo, until thereafter amended in accordance with the terms thereof and the Cayman Act.", "samples": [{"hash": "dilyARG8Gbw", "uri": "/contracts/dilyARG8Gbw#certain-pre-closing-actions", "label": "Business Combination Agreement (Lanvin Group Holdings LTD)", "score": 33.5229301453, "published": true}, {"hash": "gvo8NDT7muL", "uri": "/contracts/gvo8NDT7muL#certain-pre-closing-actions", "label": "Business Combination Agreement (Primavera Capital Acquisition Corp.)", "score": 33.2217674255, "published": true}], "snippet_links": [{"key": "initial-merger-effective-time", "type": "definition", "offset": [17, 46]}, {"key": "company-articles", "type": "definition", "offset": [52, 68]}, {"key": "the-transactions", "type": "clause", "offset": [101, 117]}, {"key": "of-the-company", "type": "clause", "offset": [138, 152]}, {"key": "not-limited", "type": "clause", "offset": [177, 188]}, {"key": "article-10", "type": "clause", "offset": [193, 203]}, {"key": "dilution-protection", "type": "clause", "offset": [210, 229]}, {"key": "liquidation-rights", "type": "definition", "offset": [256, 274]}, {"key": "section-13", "type": "clause", "offset": [280, 291]}, {"key": "conversion-rights", "type": "clause", "offset": [293, 310]}, {"key": "schedule-i", "type": "clause", "offset": [315, 325]}, {"key": "organizational-documents", "type": "definition", "offset": [385, 409]}, {"key": "in-effect", "type": "clause", "offset": [414, 423]}, {"key": "form-of", "type": "clause", "offset": [543, 550]}, {"key": "amended-and-restated-memorandum-and-articles-of-association", "type": "definition", "offset": [555, 614]}, {"key": "exhibit-i", "type": "definition", "offset": [643, 652]}, {"key": "pubco-articles", "type": "definition", "offset": [659, 673]}, {"key": "the-memorandum-and-articles-of-association", "type": "clause", "offset": [719, 761]}, {"key": "in-accordance-with", "type": "definition", "offset": [797, 815]}, {"key": "the-terms", "type": "definition", "offset": [816, 825]}, {"key": "cayman-act", "type": "definition", "offset": [842, 852]}], "size": 2, "hash": "91a5cc09207f65f124be380bd8a08b70", "id": 6}, {"snippet": "Sellers shall have complied with all of their obligations under Section 6.16 and Section 6.17 in all respects.", "samples": [{"hash": "hH5t2cT5xF5", "uri": "/contracts/hH5t2cT5xF5#certain-pre-closing-actions", "label": "Asset Purchase Agreement", "score": 31.3408622742, "published": true}, {"hash": "jkc1TEdA9bc", "uri": "/contracts/jkc1TEdA9bc#certain-pre-closing-actions", "label": "Asset Purchase Agreement (Triumph Bancorp, Inc.)", "score": 29.2683086395, "published": true}], "snippet_links": [{"key": "in-all-respects", "type": "clause", "offset": [94, 109]}], "size": 2, "hash": "306ded25dbc31d363c02295cedf716d2", "id": 7}, {"snippet": "(a) Prior to the Closing (and in any event no later than 11:59 p.m. on the Business Day preceding the Closing Date), the Vornado Parties, Newco and Newco OP shall cause the Pre-Combination Transactions set forth on Section 5.8(a) of the Vornado Disclosure Letter to be implemented as set forth therein. Immediately following the occurrence of the Pre- Combination Transactions, but prior to the Closing, the JBG Parties shall cause the actions set forth on Section 5.8(a) of the JBG Disclosure Letter that are contemplated to be taken prior to the Closing (collectively, the \u201cRestructuring Transactions\u201d) to be implemented as set forth therein. The Parties will reasonably agree to modify the Restructuring Transactions, the Combination Transactions and the Pre-Combination Transactions as requested by either Party and agree further to reasonably cooperate with each other for four (4) weeks following the date hereof in respect of the \u201cPotential Restructuring\u201d, as set forth on Section 5.8(a) of the Vornado Disclosure Letter, so long as (i) such modifications do not adversely affect the non-requesting Party in any material respect and (ii) such modifications would not reasonably be expected to affect the ability of the Vornado Parties to receive the opinions described in Section 7.2(e) and Section 7.2(f) and the ability of the JBG Parties to receive the opinions described in Section 7.3(e). The Parties agree to amend the provisions of this Agreement, any schedule thereto, and any exhibit thereto to reflect any modifications described in the previous sentence. With the mutual consent of the Parties, the obligations of Newco hereunder may be assigned, to the extent necessary to reflect any modifications described herein, to a newly formed Subsidiary of Vornado.\n(b) The Parties and their Subsidiaries shall use Commercially Reasonable Efforts prior to the Closing, to take such actions as may be necessary so that at Closing Newco has the capacity, after taking into account the services to be provided under the Transition Services Agreement and any available transition periods, to maintain material compliance with Section 404 of the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 Act of 2002 and the rules and regulations promulgated thereunder and related or similar rules and regulations promulgated by any other governmental or self-regulatory entity or agency with jurisdiction over Newco.\n(c) The JBG Parties shall take the actions set forth on Section 5.8(c) of the JBG Disclosure Letter and shall otherwise use Commercially Reasonable Efforts to cause the closing condition set forth in Section 7.2(h) to be satisfied on or before the Closing Date.\n(d) Prior to the Closing date, the JBG Parties shall take the actions set forth on Section 5.8(d) of the JBG Disclosure Letter.", "samples": [{"hash": "i5r9PIDHuiU", "uri": "/contracts/i5r9PIDHuiU#certain-pre-closing-actions", "label": "Master Transaction Agreement (JBG SMITH Properties)", "score": 28.4442157745, "published": true}, {"hash": "2uIcZYpt08I", "uri": "/contracts/2uIcZYpt08I#certain-pre-closing-actions", "label": "Master Transaction Agreement (Vornado Realty Lp)", "score": 28.1184120178, "published": true}], "snippet_links": [{"key": "business-day", "type": "clause", "offset": [75, 87]}, {"key": "newco-op", "type": "definition", "offset": [148, 156]}, {"key": "the-pre", "type": "clause", "offset": [169, 176]}, {"key": "combination-transactions", "type": "definition", "offset": [177, 201]}, {"key": "vornado-disclosure-letter", "type": "definition", "offset": [237, 262]}, {"key": "following-the", "type": "definition", "offset": [315, 328]}, {"key": "jbg-parties", "type": "definition", "offset": [408, 419]}, {"key": "the-actions", "type": "clause", "offset": [432, 443]}, {"key": "the-parties-will", "type": "clause", "offset": [645, 661]}, {"key": "agree-to", "type": "clause", "offset": [673, 681]}, {"key": "the-restructuring-transactions", "type": "clause", "offset": [689, 719]}, {"key": "the-combination", "type": "clause", "offset": [721, 736]}, {"key": "by-either-party", "type": "clause", "offset": [800, 815]}, {"key": "cooperate-with", "type": "clause", "offset": [848, 862]}, {"key": "date-hereof", "type": "clause", "offset": [907, 918]}, {"key": "in-respect-of", "type": "clause", "offset": [919, 932]}, {"key": "potential-restructuring", "type": "clause", "offset": [938, 961]}, {"key": "adversely-affect", "type": "definition", "offset": [1070, 1086]}, {"key": "the-non", "type": "clause", "offset": [1087, 1094]}, {"key": "requesting-party", "type": "clause", "offset": [1095, 1111]}, {"key": "material-respect", "type": "definition", "offset": [1119, 1135]}, {"key": "to-receive", "type": "definition", "offset": [1242, 1252]}, {"key": "the-parties-agree", "type": "clause", "offset": [1401, 1418]}, {"key": "to-amend", "type": "definition", "offset": [1419, 1427]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [1432, 1460]}, {"key": "consent-of-the-parties", "type": "clause", "offset": [1589, 1611]}, {"key": "obligations-of-newco", "type": "clause", "offset": [1617, 1637]}, {"key": "to-the-extent", "type": "clause", "offset": [1665, 1678]}, {"key": "newly-formed", "type": "definition", "offset": [1741, 1753]}, {"key": "subsidiary-of", "type": "definition", "offset": [1754, 1767]}, {"key": "use-commercially-reasonable-efforts", "type": "clause", "offset": [1822, 1857]}, {"key": "at-closing", "type": "clause", "offset": [1929, 1939]}, {"key": "services-to-be-provided", "type": "clause", "offset": [1994, 2017]}, {"key": "transition-services-agreement", "type": "clause", "offset": [2028, 2057]}, {"key": "transition-periods", "type": "clause", "offset": [2076, 2094]}, {"key": "to-maintain", "type": "clause", "offset": [2096, 2107]}, {"key": "section-404", "type": "clause", "offset": [2133, 2144]}, {"key": "the-\u2587", "type": "clause", "offset": [2148, 2153]}, {"key": "act-of-2002", "type": "definition", "offset": [2167, 2178]}, {"key": "rules-and-regulations", "type": "clause", "offset": [2187, 2208]}, {"key": "regulatory-entity", "type": "definition", "offset": [2323, 2340]}, {"key": "agency-with-jurisdiction", "type": "definition", "offset": [2344, 2368]}, {"key": "closing-condition", "type": "clause", "offset": [2550, 2567]}, {"key": "or-before-the-closing-date", "type": "clause", "offset": [2615, 2641]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [2647, 2672]}], "size": 2, "hash": "457ad735c8ec8b855879c8fb54bf4de9", "id": 8}, {"snippet": "(a) Not later than the Closing Date, the Purchaser Parent has paid into the Notarial EURO Account, in immediately available funds with value date as of the Closing Date, an amount of EUR 20,998,570 (the \u201cCash Closing Funds\u201d), being the aggregate amount of (i) the Ameriscan Purchase Price and (ii) the Closing Date Consideration payable at the Closing in the form of Cash Consideration (consisting of the Debt Payoff Amount of EUR 9,866,016.05, the Closing Date Preferred Share Consideration of EUR 1,603,588.89 and the Closing Date Common Shares Cash Consideration of EUR 9,028,965.06.\n(b) Not later than the Closing Date, the Company has deposited with the Notary the original certificates representing the Ameriscan Shares (the \u201cAmeriscan Stock Certificates\u201d), accompanied by stock powers in the form of Schedule 3.3(b) hereto (the \u201cAmeriscan Stock Powers\u201d) duly executed by the Company in blank.\n(c) The Cash Closing Funds deposited by the Purchaser Parent as aforesaid into the Notarial EURO Account will continue to be the property of the Purchaser Parent until the Closing, failing which they will remain the property of the Purchaser Parent. The Ameriscan Stock Certificates, and the Ameriscan Shares represented thereby, will continue to be the property of the Company until the Closing, failing which they will remain the property of the Company.\n(d) If the Closing does not occur by 11:59 P.M. Amsterdam time on the date of this Agreement, then the Notary will, as more fully set forth in the Notary Letter, (i) promptly refund the Cash Closing Funds to the bank account of the Purchaser Parent, as more fully specified in the Notary Letter and (ii) deliver the Ameriscan Stock Certificates and the Ameriscan Stock Powers to Sellers\u2019 Counsel.", "samples": [{"hash": "3Pi29GHR49h", "uri": "/contracts/3Pi29GHR49h#certain-pre-closing-actions", "label": "Share Purchase Agreement (ORBCOMM Inc.)", "score": 23.3504447937, "published": true}], "snippet_links": [{"key": "purchaser-parent", "type": "definition", "offset": [41, 57]}, {"key": "euro-account", "type": "clause", "offset": [85, 97]}, {"key": "immediately-available-funds", "type": "definition", "offset": [102, 129]}, {"key": "value-date", "type": "definition", "offset": [135, 145]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [146, 168]}, {"key": "closing-funds", "type": "definition", "offset": [209, 222]}, {"key": "aggregate-amount", "type": "definition", "offset": [236, 252]}, {"key": "purchase-price", "type": "clause", "offset": [274, 288]}, {"key": "at-the-closing", "type": "definition", "offset": [337, 351]}, {"key": "form-of", "type": "clause", "offset": [359, 366]}, {"key": "cash-consideration", "type": "definition", "offset": [367, 385]}, {"key": "debt-payoff-amount", "type": "definition", "offset": [405, 423]}, {"key": "preferred-share-consideration", "type": "definition", "offset": [462, 491]}, {"key": "common-shares", "type": "clause", "offset": [533, 546]}, {"key": "the-company-has", "type": "clause", "offset": [624, 639]}, {"key": "original-certificates", "type": "definition", "offset": [670, 691]}, {"key": "stock-certificates", "type": "definition", "offset": [742, 760]}, {"key": "stock-powers", "type": "definition", "offset": [779, 791]}, {"key": "company-in", "type": "clause", "offset": [882, 892]}, {"key": "funds-deposited", "type": "clause", "offset": [921, 936]}, {"key": "by-the-purchaser", "type": "clause", "offset": [937, 953]}, {"key": "property-of-the-purchaser", "type": "clause", "offset": [1029, 1054]}, {"key": "property-of-the-company", "type": "clause", "offset": [1254, 1277]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [1427, 1449]}, {"key": "notary-letter", "type": "definition", "offset": [1504, 1517]}, {"key": "the-bank-account", "type": "clause", "offset": [1565, 1581]}, {"key": "to-sellers", "type": "clause", "offset": [1733, 1743]}], "size": 1, "hash": "daa757c7b27e4b163cee5b4ef05c7914", "id": 9}, {"snippet": "Promptly after the date hereof and prior to the Closing, Parent and the Company will take the actions set forth on Schedule 7.11.", "samples": [{"hash": "8j6ojzK3VyO", "uri": "/contracts/8j6ojzK3VyO#certain-pre-closing-actions", "label": "Merger Agreement (Okta, Inc.)", "score": 32.3538665771, "published": true}], "snippet_links": [{"key": "date-hereof", "type": "clause", "offset": [19, 30]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [35, 55]}, {"key": "the-company-will", "type": "clause", "offset": [68, 84]}, {"key": "the-actions", "type": "clause", "offset": [90, 101]}, {"key": "on-schedule", "type": "definition", "offset": [112, 123]}], "size": 1, "hash": "bf23a5bfe5ede74c950d8d62cbaeb876", "id": 10}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiRjZXJ0YWluLXByZS1jbG9zaW5nLWFjdGlvbnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["waiver-of-jury-trial", "Waiver of Jury Trial"], ["notices", "Notices"], ["counterparts", "Counterparts"], ["governing-law", "Governing Law"], ["termination", "Termination"]], "parents": [["additional-agreements", "Additional Agreements"], ["covenants", "Covenants"], ["pre-closing-covenants", "PRE-CLOSING COVENANTS"], ["covenants-of-the-company-and-the-acquisition-entities", "Covenants of the Company and the Acquisition Entities"], ["tax-matters", "Tax Matters"]], "size": 51, "title": "Certain Pre-Closing Actions", "id": "certain-pre-closing-actions", "related": [["pre-closing-actions", "Pre-Closing Actions", "Pre-Closing Actions"], ["post-closing-actions", "Post-Closing Actions", "Post-Closing Actions"], ["closing-actions", "Closing Actions", "Closing Actions"], ["pre-closing-transactions", "Pre-Closing Transactions", "Pre-Closing Transactions"], ["closing-transactions", "Closing Transactions", "Closing Transactions"]], "related_snippets": [], "updated": "2026-03-07T06:14:21+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The 'Certain Pre-Closing Actions' clause defines specific actions or obligations that parties must undertake or avoid between signing a contract and the official closing of a transaction. Typically, this clause restricts the seller from making significant business changes, such as incurring new debt, selling assets, or altering key contracts, without the buyer\u2019s consent during this interim period. Its core function is to preserve the value and condition of the business as agreed upon, ensuring that the buyer receives the business in the expected state at closing and mitigating the risk of adverse changes before the transaction is finalized."}, "json": true, "cursor": ""}}