Common use of Failure to Consummate Business Combination Clause in Contracts

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event a Business Combination is not consummated within 15 months from the closing of the IPO (or 18 months from the closing of the IPO if we have entered into a definitive agreement with a target business within such 15 month period).

Appears in 5 contracts

Samples: Warrant Purchase Agreement (BGS Acquisition Corp.), Warrant Purchase Agreement (BGS Acquisition Corp.), Warrant Purchase Agreement (BGS Acquisition Corp.)

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Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event a Business Combination is not consummated within 15 18 months from the date of the closing of the IPO (or 18 months from the closing of the IPO if we have entered into a definitive agreement with a target business within such 15 month period)IPO.

Appears in 4 contracts

Samples: Warrant Purchase Agreement (BGS Acquisition Corp.), Warrant Purchase Agreement (BGS Acquisition Corp.), Warrant Purchase Agreement (BGS Acquisition Corp.)

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event a an initial Business Combination is not consummated within 15 24 months from the closing effective date of the Company’s prospectus distributed in connection with the IPO (or 18 months from the closing of the IPO if we have entered into a definitive agreement with a target business within such 15 month period“prospectus”).

Appears in 2 contracts

Samples: Warrant Subscription Agreement (S.E. Asia Emerging Market Company., LTD), Warrant Subscription Agreement (S.E. Asia Emerging Market Company., LTD)

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event that the Company does not consummate a Business Combination is not consummated business combination within 15 24 months from the closing date of the final prospectus relating to the Company’s IPO (or 18 in the event that the Company’s shareholders approve an extension of the period of time to consummate a business combination by an additional 12 months, within 36 months from the closing date of the IPO if we have entered into a definitive agreement with a target business within such 15 month period)final prospectus.

Appears in 2 contracts

Samples: Subscription Agreement (Indas Green Acquisition CORP), Subscription Agreement (Indas Green Acquisition CORP)

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event that the Company does not consummate a Business Combination is not consummated within 15 24 months from the closing date of the final prospectus relating to the Company’s IPO or in the event that the shareholders approve an extension of the period of time to consummate a Business Combination by an additional 12 months (or 18 the “Extended Period”), within 36 months from the closing date of the IPO if we have entered into a definitive agreement with a target business within such 15 month period)final prospectus.

Appears in 2 contracts

Samples: Subscription Agreement (Indas Green Acquisition CORP), Subscription Agreement (Indas Green Acquisition CORP)

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event that the Company does not consummate a Business Combination is not consummated within 15 24 months from the closing date of the final prospectus relating to the Company’s IPO (or 18 36 months from in the closing of event the IPO if we have Company has entered into a definitive agreement with respect to a target business within such 15 month periodconsummation and the stockholders have approved an extension for the purpose of consummating a Business Combination).

Appears in 2 contracts

Samples: Subscription Agreement (Lambert's Cove Acquisition CORP), Subscription Agreement (Lambert's Cove Acquisition CORP)

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event a an initial Business Combination is not consummated within 15 21 months from the closing effective date of the Company’s prospectus distributed in connection with the IPO (the “prospectus”) or 18 24 months from the closing date of the IPO prospectus if we have entered into a letter of intent, agreement in principle or a definitive agreement with a target business has been executed within 21 months from the date of the prospectus and the Business Combination relating thereto has not yet been completed within such 15 21-month period).

Appears in 1 contract

Samples: Warrant Subscription Agreement (SCG Financial Acquisition Corp.)

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event a an initial Business Combination is not consummated within 15 21 months from the closing date of the IPO (or 18 months from the closing Closing of the IPO if we have entered into a definitive agreement with a target business within such 15 month period)IPO.

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (ROI Acquisition Corp.)

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Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event that the Company does not consummate a Business Combination is not consummated within 15 24 months from the closing date of the IPO (final prospectus relating to the Company’s IPO, or 18 36 months from in the closing of event the IPO if we have entered into a definitive agreement with a target business within such 15 month period)extended period is approved.

Appears in 1 contract

Samples: Subscription Agreement (Infinity I-China Acquisition CORP)

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event that the Company does not consummate a Business Combination is not consummated within 15 24 months from the closing date of the final prospectus relating to the Company’s IPO (or 18 30 months from in the closing of event the IPO if we have Company has entered into a definitive agreement with respect to a target business within such 15 month periodconsummation and the stockholders have approved an extension for the purpose of consummating a Business Combination).

Appears in 1 contract

Samples: Subscription Agreement (Regian Acquisition Corp.)

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event that the Company does not consummate a Business Combination is not consummated within 15 18 months after consummation of the IPO, or within 24 months from the closing of the IPO (or 18 months from the closing consummation of the IPO if we have entered into a letter of intent, agreement in principle or definitive agreement with a target business has been executed within 18 months after consummation of the IPO and the Business Combination has not yet been consummated within such 15 18 month time period).

Appears in 1 contract

Samples: Subscription Agreement (Pinpoint Advance CORP)

Failure to Consummate Business Combination. The Warrants shall be forfeited to the Company upon the liquidation of the Trust Account in the event a an initial Business Combination is not consummated within 15 21 months from the closing effective date of the Company’s prospectus distributed in connection with the IPO (the “prospectus”) or 18 24 months from the closing date of the IPO prospectus if we have entered into a letter of intent or a definitive agreement with a target business has been executed within 21 months from the date of the prospectus and the Business Combination relating thereto has not yet been completed within such 15 21-month period).

Appears in 1 contract

Samples: Sponsor Warrants Purchase Agreement (Global Cornerstone Holdings LTD)

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