Common use of Extension of Time Period to Consummate a Business Combination Clause in Contracts

Extension of Time Period to Consummate a Business Combination. (i) As promptly as reasonably practicable after the execution of this Agreement, Acquiror shall prepare (with the Grosvenor Holders’ and the Grosvenor Companies’ reasonable cooperation (including causing their respective Subsidiaries and representatives to cooperate)) and file with the SEC a proxy statement (such proxy statement, together with any amendments or supplements thereto, the “Extension Proxy Statement”) to amend (A) the Acquiror Governing Documents and (B) the Trust Agreement, in each case, to extend the time period for Acquiror to consummate a Business Combination from September 17, 2020 (the “Extension”, and such date by which Acquiror must consummate a Business Combination in accordance with its Governing Documents and the Trust Agreement, as amended, as extended to December 17, 2020, March 17, 2021 or June 17, 2021 in accordance with the provisions of this Section 7.2(c), the “Extension Approval End Date”) to December 17, 2020 (clauses (A) and (B) together, the “Extension Proposals”). Acquiror shall use its reasonable efforts to cause the Extension Proxy Statement to comply with the rules and regulations promulgated by the SEC, to have the Extension Proxy Statement cleared by the SEC as promptly as practicable after such filing. Acquiror shall provide the Grosvenor Holders a reasonable opportunity to review the Extension Proxy Statement prior to its filing with the SEC and will consider in good faith the incorporation of any comments thereto provided by the Grosvenor Holders.

Extension of Time Period to Consummate a Business Combination. (ia) As If the Proxy Statement relating to the Buyer Special Meeting has not been mailed to the stockholders of the Buyer with the SEC by January 15, 2021 as promptly as reasonably practicable after the execution of this Agreementsuch date, Acquiror Buyer shall prepare (with the Grosvenor Holders’ and the Grosvenor Companies’ reasonable cooperation (including causing their respective Subsidiaries and representatives to cooperate)of the Company Group) and file with the SEC a proxy statement (such proxy statement, together with any amendments or supplements thereto, the “Extension Proxy Statement”) pursuant to which it shall seek the approval of its stockholders for proposals to amend (Ai) the Acquiror Governing Buyer’s Organizational Documents and (Bii) the Trust Agreement, in each case, to extend the time period for Acquiror Buyer to consummate a Business Combination its initial business combination from September 17, 2020 (the “Extension”, and such date by which Acquiror must consummate a Business Combination in accordance with its Governing Documents and the Trust Agreement, as amended, as extended to December 17, 2020, March 1715, 2021 or June 17, 2021 in accordance with the provisions of this Section 7.2(c), (the “Extension Approval End Date”) to December 17the date that is ninety (90) days after the six-month anniversary of the date of this Agreement (such date, 2020 (clauses (A) the “Extended Deadline” and (B) togethersuch proposals, the “Extension Proposals”). Acquiror Buyer shall use its reasonable efforts to cause the Extension Proxy Statement to comply with the rules and regulations promulgated by the SEC, to have the Extension Proxy Statement cleared by the SEC as promptly as practicable after such filing. Acquiror Buyer shall provide the Grosvenor Holders Company a reasonable opportunity to review the Extension Proxy Statement prior to its filing with the SEC and will consider in good faith the incorporation of any comments thereto provided by the Grosvenor HoldersCompany.

Extension of Time Period to Consummate a Business Combination. (ia) As If the Proxy Statement relating to the Acquiror Shareholders’ Meeting has not been mailed to the stockholders of the Acquiror by November 30, 2021, then as promptly as reasonably practicable after the execution of this Agreementsuch date, Acquiror shall prepare (with the Grosvenor Holders’ and the Grosvenor Companies’ reasonable cooperation (including causing their respective Subsidiaries and representatives to cooperate)of the Company) and file with the SEC a proxy statement (such proxy statement, together with any amendments or supplements thereto, the “Extension Proxy Statement”) pursuant to which it shall seek the approval of its stockholders for proposals to amend (Ai) the Acquiror Acquiror’s Governing Documents and (Bii) the Trust Agreement, in each case, to extend the time period for Acquiror to consummate a Business Combination its initial business combination from September 17January 30, 2020 2022 (the “Extension”, and such date by which Acquiror must consummate a Business Combination in accordance with its Governing Documents and the Trust Agreement, as amended, as extended to December 17, 2020, March 17, 2021 or June 17, 2021 in accordance with the provisions of this Section 7.2(c), the “Extension Approval End Date”) to December 17the date that is twelve (12) months after the date of this Agreement (such date, 2020 (clauses (A) the “Extended Deadline” and (B) togethersuch proposals, the “Extension Proposals”). Acquiror shall use its reasonable efforts to cause the Extension Proxy Statement to comply with the rules and regulations promulgated by the SEC, SEC and to have the Extension Proxy Statement cleared by the SEC as promptly as practicable after such filing. Acquiror shall provide the Grosvenor Holders Company a reasonable opportunity to review the Extension Proxy Statement prior to its filing with the SEC and will consider in good faith the incorporation of any comments thereto provided by the Grosvenor HoldersCompany.

Extension of Time Period to Consummate a Business Combination. (ia) As promptly as reasonably practicable If Acquiror and the Company determine in good faith by January 1, 2023 that it is probable that the Mergers will be consummated after the execution of this AgreementMarch 1, 2023, Acquiror shall prepare (with the Grosvenor Holders’ and the Grosvenor Companies’ reasonable cooperation (including causing their respective Subsidiaries and representatives to cooperate)of the Company) and file with the SEC a proxy statement (such proxy statement, together with any amendments or supplements thereto, the “Extension Proxy Statement”) pursuant to which it shall seek the approval of its shareholders for proposals to amend (A) the Acquiror Governing Acquiror’s Organizational Documents and (B) the Trust Agreement, in each case, to extend the time period for Acquiror to consummate a its initial Business Combination for an additional six (6) months, from March 1, 2023 to September 171, 2020 2023 (the “Extension”, and such date by which Acquiror must consummate a Business Combination in accordance with its Governing Documents and the Trust Agreement, as amended, as extended to December 17, 2020, March 17, 2021 or June 17, 2021 in accordance with the provisions of this Section 7.2(c), the “Extension Approval End Date”) to December 17, 2020 (clauses (A) and (B) together, the “Extension ProposalsProposal”). Acquiror shall use its reasonable best efforts to cause the Extension Proxy Statement to comply with the rules and regulations promulgated by the SEC, SEC and to have the Extension Proxy Statement cleared by the SEC as promptly as practicable after such filing. Acquiror shall provide the Grosvenor Holders Company a reasonable opportunity to review the Extension Proxy Statement prior to its filing with the SEC and will consider in good faith the incorporation of any comments thereto provided by the Grosvenor HoldersCompany.

Extension of Time Period to Consummate a Business Combination. (ia) As If the Proxy Statement relating to the Buyer Special Meeting has not been mailed to the stockholders of the Buyer with the SEC by April 17, 2023 as promptly as reasonably practicable after the execution of this Agreementsuch date, Acquiror Buyer shall prepare (with the Grosvenor Holders’ and the Grosvenor Companies’ reasonable cooperation (including causing their respective Subsidiaries and representatives to cooperate)of the Company Group) and file with the SEC a proxy statement (such proxy statement, together with any amendments or supplements thereto, the “Extension Proxy Statement”) pursuant to which it shall seek the approval of its stockholders for proposals to amend (Ai) the Acquiror Governing Buyer’s Organizational Documents and (Bii) the Trust Agreement, in each case, to extend the time period for Acquiror Buyer to consummate a Business Combination its initial business combination from September 17May 28, 2020 2023 (the “Extension”, and such date by which Acquiror must consummate a Business Combination in accordance with its Governing Documents and the Trust Agreement, as amended, as extended to December 17, 2020, March 17, 2021 or June 17, 2021 in accordance with the provisions of this Section 7.2(c), the “Extension Approval End Date”) to December 17a date no later than September 28, 2020 2023 (clauses (A) such date, the “Extended Deadline” and (B) togethersuch proposals, the “Extension Proposals”). Acquiror Buyer shall use its reasonable efforts to cause the Extension Proxy Statement to comply with the rules and regulations promulgated by the SEC, to have the Extension Proxy Statement cleared by the SEC as promptly as practicable after such filing. Acquiror Buyer shall provide the Grosvenor Holders Company a reasonable opportunity to review the Extension Proxy Statement prior to its filing with the SEC and will consider in good faith the incorporation of any comments thereto provided by the Grosvenor HoldersCompany.

Extension of Time Period to Consummate a Business Combination. (ia) As promptly as reasonably practicable after the execution of this Agreementdate hereof (and in no event later than December 31, Acquiror 2022, SPAC shall prepare (with the Grosvenor Holders’ and the Grosvenor Companies’ reasonable cooperation (including causing their respective Subsidiaries and representatives to cooperate)of the Company) and file with the SEC a proxy statement (such proxy statement, together with any amendments or supplements thereto, the “Extension Proxy Statement”) pursuant to which it shall seek the approval of its stockholders for proposals to amend (A) the Acquiror Governing SPAC’s Organizational Documents and (B) the Trust Agreement, in each case, to extend the time period for Acquiror SPAC to consummate a Business Combination its initial business combination from September 17February 8, 2020 2023 (the “Extension”, and such date by which Acquiror must consummate a Business Combination in accordance with its Governing Documents and the Trust Agreement, as amended, as extended to December 17, 2020, March 17, 2021 or June 17, 2021 in accordance with the provisions of this Section 7.2(c), the “Extension Approval End Date”) to December 17the date that is not less than (i) three (3) months after the Extension Approval End Date (which may be done through monthly extension, 2020 provided, that SPAC will continue to extend on a monthly basis through such period) or such shorter period as mutually agreed by SPAC and the Company (clauses (A) such date, the “Extended Deadline” and (B) togethersuch proposals, the “Extension Proposals”). Acquiror SPAC shall use its reasonable best efforts to cause the Extension Proxy Statement to comply with the rules and regulations promulgated by the SEC, SEC and to have the Extension Proxy Statement cleared by the SEC as promptly as practicable after such filing. Acquiror SPAC shall provide the Grosvenor Holders Company a reasonable opportunity to review the Extension Proxy Statement prior to its filing with the SEC and will consider in good faith the incorporation of any comments thereto provided by the Grosvenor HoldersCompany.