Common use of Cleansing Statement; Consent to Disclosure Clause in Contracts

Cleansing Statement; Consent to Disclosure. 6.1 The Issuer shall, by 11:00 a.m., New York City time, on the first (1st) Business Day immediately following the date of this Subscription Agreement, issue one (1) or more press releases or file with the Commission a Current Report on Form 8-K (collectively, the “Disclosure Document”) disclosing all material terms of the transactions contemplated hereby and by the Other Subscription Agreements, and the Transactions. From and after the publication of the Disclosure Document, the Issuer represents to the Subscriber that it shall have publicly disclosed all material, non-public information delivered to the Subscriber by the Issuer or any of their officers, directors, employees or agents in connection with the transactions contemplated by the Subscription Agreement and the Merger Agreement, and Subscriber shall no longer be subject to any confidentiality or similar obligations under any current agreement, whether written or oral, with the Issuer, the Placement Agents, or any of their affiliates.

Appears in 3 contracts

Samples: Subscription Agreement (Property Solutions Acquisition Corp.), Subscription Agreement (Property Solutions Acquisition Corp.), Subscription Agreement (Property Solutions Acquisition Corp.)

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Cleansing Statement; Consent to Disclosure. 6.1 (a) The Issuer SPAC shall, by 11:00 9:00 a.m., New York City time, on the first (1st) Business Day immediately following the date of this Subscription Agreement, issue one (1) or more press releases or file with the Commission a Current Report on Form 8-K (collectively, the “Disclosure Document”) disclosing all material terms of the transactions contemplated hereby and by the Other Subscription Agreements, and the Transactions. From and after the publication of the Disclosure Document, the Issuer represents to Subscriber shall not, unless otherwise agreed by the Subscriber that it shall have publicly disclosed all Subscriber, be in possession of any material, non-public information delivered to received from the Subscriber by the Issuer SPAC or any of their its officers, directors, employees or agents in connection with the transactions contemplated by the this Subscription Agreement and the Merger AgreementTransactions, and Subscriber shall no longer be subject to any confidentiality or similar obligations under any current agreement, whether written or oral, oral with the IssuerSPAC, the Placement Agents, or any of their affiliatesaffiliates in connection with the Transactions, unless otherwise agreed by the Subscriber; provided, that the foregoing shall not apply to the Sponsors.

Appears in 2 contracts

Samples: Subscription Agreement (Leibovitch Yoav), Subscription Agreement (Endurance Acquisition Corp.)

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