Consent and Release. By their execution of this Agreement, the SPAC and the Sponsor hereby consent to the purchase and sale of the SPAC Securities as contemplated herein and release the Sponsor from its obligations under the Assumed Liabilities and from its obligations to the SPAC or the New Sponsor, if any, under the Letter Agreement (other than the restrictions on transfer of securities contained in Section 7 thereof), the Indemnity Agreements, and any other relevant agreements in respect of the SPAC Securities (the “Relevant Agreements”).
Appears in 3 contracts
Samples: Purchase and Sponsor Handover Agreement (Future Health ESG Corp.), Purchase and Sponsor Handover Agreement (EVe Mobility Acquisition Corp), Purchase and Sponsor Handover Agreement (Sheikh Kash)
Consent and Release. By their execution of this Agreement, the SPAC and the Sponsor hereby consent to the purchase and sale of the SPAC Securities as contemplated herein and release the Sponsor from its obligations under the Assumed Liabilities and from its obligations to the SPAC or the New Sponsor, if any, under the Letter Agreement (other than the restrictions on transfer of securities contained in Section 7 thereof), the Indemnity Agreements, and any other relevant agreements Relevant Agreements in respect of the SPAC Securities (the “Relevant Agreements”)Securities.
Appears in 1 contract
Samples: Purchase and Sponsor Handover Agreement (XPAC Acquisition Corp.)
Consent and Release. By their execution of this Agreement, Agreement the SPAC and the Sponsor hereby consent to the purchase and sale of the SPAC Securities as contemplated herein and release the Sponsor Seller from its obligations under the Assumed Liabilities and from its obligations to the SPAC or the New Sponsor, if any, under the Letter Agreement (other than the restrictions on transfer of securities contained in Section 7 thereof), the Indemnity Agreements, and any other relevant agreements Relevant Agreements in respect of the SPAC Securities (the “Relevant Agreements”)Securities.
Appears in 1 contract
Samples: Purchase Agreement (Trajectory Alpha Acquisition Corp.)
