Common use of De-SPAC information Clause in Contracts

De-SPAC information. (a) The Issuer shall supply to the Agent in sufficient copies for all the Subscribers, promptly upon it or the Parent becoming aware of the same: (i) notice of the De-SPAC Mergeco becoming the indirect Holding Company of the Parent as contemplated by the definition of “De-SPAC”, and notice of the occurrence of De-SPAC Completion; (ii) notice of any deferral of the timing for closing the De-SPAC beyond 30 June 2024, or any decision not to proceed with the De-SPAC; (iii) details of any change to the structure of, or the entities involved in, the De-SPAC; (iv) details of any reduction in the minimum De-SPAC Proceeds required to be paid on completion of the De-SPAC; and (v) details of the date and actual amount of De-SPAC Proceeds received by the Parent, (b) The Issuer shall supply to the Agent (in sufficient copies for all the Subscribers, if the Agent so requests), promptly following De-SPAC Completion: (i) an updated Group Structure Chart, reflecting the new ownership of the Parent; and (ii) copies of the De-SPAC Documents.

Appears in 2 contracts

Samples: Note Subscription Agreement (CorpAcq Group PLC), Note Subscription Agreement (CorpAcq Group PLC)

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De-SPAC information. (a) The Issuer Borrower shall supply to the Agent in sufficient copies for all the SubscribersLenders, promptly upon it or the Parent becoming aware of the same: (i) notice of the De-SPAC Mergeco becoming the indirect Holding Company of the Parent as contemplated by the definition of “De-SPAC”, and notice of the occurrence of De-SPAC Completion; (ii) notice of any deferral of the timing for closing the De-SPAC beyond 30 June 2024, or any decision not to proceed with the De-SPAC; (iii) details of any change to the structure of, or the entities involved in, the De-SPAC; (iv) details of any reduction in the minimum De-SPAC Proceeds required to be paid on completion of the De-SPAC; and (v) details of the date and actual amount of De-SPAC Proceeds received by the Parent, (b) The Issuer Borrower shall supply to the Agent (in sufficient copies for all the SubscribersLenders, if the Agent so requests), promptly following De-SPAC Completion: (i) an updated Group Structure Chart, reflecting the new ownership of the Parent; and (ii) copies of the De-SPAC Documents.

Appears in 2 contracts

Samples: Senior Term Facilities Agreement (CorpAcq Group PLC), Senior Term Facilities Agreement (CorpAcq Group PLC)

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