Common use of Failure to Consummate Business Combination Clause in Contracts

Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 months from the date of the completion of the IPO, or 21 months from the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month period.

Appears in 4 contracts

Samples: Unit Subscription Agreement (Ftac Zeus Acquisition Corp.), Unit Subscription Agreement (FTAC Emerald Acquisition Corp.), Unit Subscription Agreement (Ftac Zeus Acquisition Corp.)

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Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 15 months from the date of the completion of the IPO, or which is extendable at the option of the Sponsor to up to 21 months from the date of the completion of the IPO if Company’s initial public offering in accordance with the Company has executed a letter of intent, agreement terms provided for in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month periodRegistration Statement.

Appears in 4 contracts

Samples: Unit Subscription Agreement (Papaya Growth Opportunity Corp. I), Unit Subscription Agreement (Papaya Growth Opportunity Corp. I), Unit Subscription Agreement (Papaya Growth Opportunity Corp. I)

Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 12 months from the consummation of the IPO (or up to 18 months from the date of the completion of the IPO, or 21 months from the date of the completion consummation of the IPO if the Company has executed extends the period of time to consummate a letter business combination as provided in its second amended and restated certificate of intentincorporation), agreement in principle or definitive agreement for its Business Combination within 18 months from unless otherwise extended by the date of completion of the IPO, but has not completed the Business Combination within such 18-month periodCompany.

Appears in 4 contracts

Samples: Private Placement Units Purchase Agreement (Vistas Media Acquisition Co Inc.), Private Placement Units Purchase Agreement (Vistas Media Acquisition Co Inc.), Private Placement Units Purchase Agreement (Vistas Media Acquisition Co Inc.)

Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 months 15 months, which is extendable at the Subscriber’s option to up to 21 months, from the date of the completion of the IPO, or 21 months from the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month period.

Appears in 3 contracts

Samples: Unit Subscription Agreement (Papaya Growth Opportunity Corp. I), Unit Subscription Agreement (Papaya Growth Opportunity Corp. I), Unit Subscription Agreement (Papaya Growth Opportunity Corp. I)

Failure to Consummate Business Combination. The Placement Warrants and Placement Rights shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 nine (9) months (or within up to eighteen (18) months if the Company extends the period of time to consummate the initial Business Combination up to nine (9) times for one (1) month each) from the date of the completion of the IPO, or 21 months from the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month period.

Appears in 2 contracts

Samples: Private Placement Units Subscription Agreement (Hainan Manaslu Acquisition Corp.), Private Placement Units Subscription Agreement (Hainan Manaslu Acquisition Corp.)

Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 eighteen (18) months (or within twenty-four (24) months if the Company extends the period of time to consummate the initial Business Combination) from the date of the completion of the IPO, or 21 months from the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month period.

Appears in 2 contracts

Samples: Unit Subscription Agreement (Pomelo Acquisition Corp LTD), Unit Subscription Agreement (Pomelo Acquisition Corp LTD)

Failure to Consummate Business Combination. The Placement Warrants and Placement Rights shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 months from the date of the completion consummation of the IPO, or 21 months from the date of the completion consummation of the IPO if the Company has an executed a letter of intent, agreement in principle or definitive agreement for its Business Combination an initial business combination within 18 months from the date of completion closing of the IPO, but has not completed the Business Combination initial business combination within such 18-month period, or unless otherwise extended by the Company.

Appears in 2 contracts

Samples: Unit Subscription Agreement (KBL Merger Corp. Iv), Unit Subscription Agreement (KBL Merger Corp. Iv)

Failure to Consummate Business Combination. The Placement Warrants and Rights shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 months from the date of the completion consummation of the IPO, or 21 months from the date of the completion consummation of the IPO if the Company has an executed a letter of intent, agreement in principle or definitive agreement for its Business Combination an initial business combination within 18 months from the date of completion closing of the IPO, but has not completed the Business Combination initial business combination within such 18-month period, or unless otherwise extended by the Corporation.

Appears in 2 contracts

Samples: Unit Subscription Agreement (KBL Merger Corp. Iv), Unit Subscription Agreement (KBL Merger Corp. Iv)

Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 fifteen (15) months (or within up to twenty-one (21) months if the Company extends the period of time to consummate the initial Business Combination up to two (2) times for three (3) months each) from the date of the completion of the IPO, or 21 months from the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month period.

Appears in 2 contracts

Samples: Unit Subscription Agreement (GoGreen Investments Corp), Unit Subscription Agreement (GoGreen Investments Corp)

Failure to Consummate Business Combination. The Placement Rights and Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 12 months from the consummation of the IPO (or up to 18 months from the date of the completion of the IPO, or 21 months from the date of the completion consummation of the IPO if the Company has executed extends the period of time to consummate a letter of intentBusiness Combination, agreement as described in principle or definitive agreement for its Business Combination within 18 months from more detail in the date of completion of Registration Statement), unless otherwise extended by the IPO, but has not completed the Business Combination within such 18-month periodCompany.

Appears in 1 contract

Samples: Unit Subscription Agreement (Draper Oakwood Technology Acquisition Inc.)

Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 months (or up to 21 months in case of extensions as described in the final prospectus deemed included in the Registration Statement (the “Prospectus”)) from the date of the completion consummation of the IPO, or 21 months from unless otherwise extended by the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month periodCorporation.

Appears in 1 contract

Samples: Unit Subscription Agreement (BSP Acquisition Corp.)

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Failure to Consummate Business Combination. The Placement Warrants and Placement Rights shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 fifteen (15) months (or within up to twenty-one (21) months if the Company extends the period of time to consummate the initial Business Combination up to twice for three (3) months each) from the date of the completion of the IPO, or 21 months from the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month period.

Appears in 1 contract

Samples: Private Placement Units Subscription Agreement (Blue Room Acquisition Corp.)

Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 months months, which is extendable at the Subscriber’s option to 21 months, from the date of the completion of the IPO, or 21 months from the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month period.

Appears in 1 contract

Samples: Unit Subscription Agreement (Papaya Growth Opportunity Corp. I)

Failure to Consummate Business Combination. The Placement Warrants and Placement Rights shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 twelve (12) months (or within up to twenty-one (21) months if the Company extends the period of time to consummate the initial Business Combination up to nine (9) times for one (1) month each) from the date of the completion of the IPO, or 21 months from the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month period.

Appears in 1 contract

Samples: Private Placement Units Subscription Agreement (Hainan Manaslu Acquisition Corp.)

Failure to Consummate Business Combination. The Placement Rights and Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 12 months from the consummation of the IPO (or up to 18 months from the date of the completion of the IPO, or 21 months from the date of the completion consummation of the IPO if the Company has executed extends the period of time to consummate a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from by the date full amount of completion of time, as described in more detail in the IPORegistration Statement), but has not completed unless otherwise extended by the Business Combination within such 18-month periodCompany.

Appears in 1 contract

Samples: Unit Subscription Agreement (Draper Oakwood Technology Acquisition Inc.)

Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 12 months from the date of the completion consummation of the IPO, or 21 months from the date of the completion consummation of the IPO if the Company has executed extends the period of time to consummate a letter business combination as provided in its certificate of intentincorporation, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month periodas amended).

Appears in 1 contract

Samples: Unit Purchase Agreement (I-Am CAPITAL ACQUISITION Co)

Failure to Consummate Business Combination. The Placement Warrants and Placement Rights shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate the Business Combination within 18 sixteen and a half (16.5) months (or within up to twenty-two and a half (22.5) months if the Company extends the period of time to consummate the initial Business Combination up to twice for three (3) months each) from the date of the completion of the IPO, or 21 months from the date of the completion of the IPO if the Company has executed a letter of intent, agreement in principle or definitive agreement for its Business Combination within 18 months from the date of completion of the IPO, but has not completed the Business Combination within such 18-month period.

Appears in 1 contract

Samples: Private Placement Units Subscription Agreement (Blue Room Acquisition Corp.)

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