Other Representations and Warranties. Each Sponsor Person hereby represents and warrants (severally and not jointly as to itself only) to Purchaser, New Pubco and the Company as follows: (i) if such Person is not an individual, it is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate, limited liability company or other organizational powers and have been duly authorized by all necessary corporate, limited liability company or other organizational actions on the part of such Person; (ii) if such Person is an individual, such Person has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform its obligations hereunder; (iii) this Sponsor Agreement has been duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Person, enforceable against such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies); (iv) the execution and delivery of this Sponsor Agreement by such Person do not, and the performance by such Person of its obligations hereunder will not, (A) if such Person is not an individual, conflict with or result in a violation of the organizational documents of such Person, or (B) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Covered Shares), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (v) there is no Action pending or, to the knowledge of such Person, threatened against such Person before (or, in the case of a threatened Action, that would be before) any arbitrator or any Governmental Entity, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (vi) except as disclosed pursuant to Section 7.10 of the Transaction Agreement, no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person, Purchaser or New Pubco (or any of their respective Subsidiaries), or any Affiliates of any of the foregoing Persons in connection with the Transaction Agreement or this Sponsor Agreement or any of the respective transactions contemplated thereby and hereby, in each case, based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which Purchaser, New Pubco, the Company or any of their respective Affiliates would have any obligations or liabilities of any kind or nature; (vii) such Person has had the opportunity to read the Transaction Agreement and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors; (viii) such Person has not entered into, and will not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (ix) such Person has good and valid title to all Covered Shares held by it, and there exist no Liens or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under the Securities Act) affecting any such securities, other than pursuant to (A) this Sponsor Agreement, (B) the Memorandum and Articles of Association, (C) the Transaction Agreement or (D) any applicable securities Laws; and (x) the Founder Shares and Private Placement Warrants listed on Schedule A are the only equity securities in New Pubco or any of its Subsidiaries (including, without limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of New Pubco or any of its Subsidiaries) owned of record or Beneficially Owned by such Person as of the date hereof and as of the Closing Date and such Person has the sole power to dispose of (or sole power to cause the disposition of) and the sole power to vote (or sole power to direct the voting of) such Founder Shares and Private Placement Warrants and none of such Founder Shares or Private Placement Warrants is subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Founder Shares or Private Placement Warrants, except as provided in this Sponsor Agreement.
Appears in 3 contracts
Samples: Sponsor Agreement (Finance of America Companies Inc.), Transaction Agreement (Replay Acquisition Corp.), Sponsor Agreement (Replay Acquisition Corp.)
Other Representations and Warranties. Each Sponsor Person hereby represents and warrants (severally and not jointly severally, as to itself only, and not jointly) to PurchaserTxxxxx, New Pubco X0 Holdco and the Company Protected as follows: (ia) if such Person is not an individual, it is duly organized, validly existing and in good standing (to the extent such concept is recognized) under the laws Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate, limited liability company or other organizational powers and have been duly authorized by all necessary corporate, limited liability company or other organizational actions on the part of such Person; (iib) if such Person is an individual, such Person has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform its obligations hereunder; (iiic) this Sponsor Agreement has been duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Person, enforceable against such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remediesEnforceability Exceptions); (ivd) the execution and delivery of this Sponsor Agreement by such Person do not, and the performance by such Person of its obligations hereunder will not, (Ai) if such Person is not an individual, conflict with or result in a violation of the organizational documents of such Person, or (Bii) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Covered Shares), in each case, to the extent the failure to obtain such consent, approval or other action would have a material adverse effect on such Person or otherwise prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (ve) there is no Action pending or, to the knowledge of such Person, threatened against such Person before (or, in the case of a threatened Action, that would be before) any arbitrator or any Governmental EntityAuthority, which in any manner challenges or seeks to prevent, enjoin or materially delay delay, or would have the effect of preventing, enjoining or delaying, the performance by such Person of its obligations under this Sponsor Agreement; (vif) except as described herein or disclosed pursuant to Section 7.10 7.08 of the Transaction AgreementBCA, no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person, Purchaser or New Pubco (or Trebia, any of their respective Subsidiaries), or any Affiliates of any of the foregoing Persons in connection with the Transaction Agreement or BCA, this Sponsor Agreement or any of the respective transactions contemplated thereby and or hereby, in each case, based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which PurchaserTxxxxx, New PubcoX0 Holdco, the Company Protected or any of their respective Affiliates would have any obligations or liabilities of any kind or nature; (viig) such Person has had the opportunity to read the Transaction Agreement BCA and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisorsadvisors prior to entering into this Sponsor Agreement; (viiih) such Person has not entered into, and will not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (ixi) such Person has good and valid title to all Covered Shares held by it, and there exist no Liens or any other limitation or restriction (including, without limitation, including any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under the Securities Act) affecting any such securities), other than those imposed pursuant to to: (A) this Sponsor Agreement, (B) the Memorandum and Articles of AssociationTrebia Bylaws, (C) the Transaction Agreement or Trebia Certificate of Incorporation, (D) the BCA or (E) any applicable securities Securities Laws; and (xj) the Founder Shares, the Trebia Class A Ordinary Shares, the Trebia Class B Ordinary Shares, shares of Trebia Class A Common Stock, shares of Trebia Class D Common Stock and any other Covered Shares and Private Placement Warrants listed on Schedule A are the only equity securities in New Pubco Trebia or any of its Subsidiaries (including, without limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of New Pubco or any of its Subsidiaries) owned of record or Beneficially Owned by such Person as of the date hereof and as of the Closing Date and such Person has the sole power to dispose of (or sole power to cause the disposition of) and the sole power to vote (or sole power to direct the voting of) such Founder Shares, Trebia Class A Ordinary Shares, Trebia Class B Ordinary Shares, shares of Trebia Class A Common Stock, shares of Trebia Class D Common Stock and other Covered Shares and Private Placement Warrants and none of such Founder Shares, Trebia Class A Ordinary Shares, Trebia Class B Ordinary Shares, shares of Trebia Class A Common Stock, shares of Trebia Class D Common Stock or other Covered Shares or Private Placement Warrants is subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Founder Shares Shares, Trebia Class A Ordinary Shares, Trebia Class B Ordinary Shares, shares of Trebia Class A Common Stock, shares of Trebia Class D Common Stock or Private Placement Warrantsother Covered Shares, except as provided in (1) this Sponsor Agreement, (2) the Trebia Bylaws, (3) the Trebia Certificate of Incorporation or (4) the BCA.
Appears in 2 contracts
Samples: Sponsor Agreement (Cannae Holdings, Inc.), Sponsor Agreement (Trebia Acquisition Corp.)
Other Representations and Warranties. Each Sponsor Person hereby represents and warrants (severally and not jointly as to itself only) to Purchaser, New Pubco AAC and the Company as follows: (i) if such Person is not an individual, it is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate, limited liability company or other organizational powers and have been duly authorized by all necessary corporate, limited liability company or other organizational actions on the part of such Person; (ii) if such Person is an individual, such Person has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform its obligations hereunder; (iii) this Sponsor Agreement has been duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Person, enforceable against such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remediesEnforceability Exceptions); (iv) the execution and delivery of this Sponsor Agreement by such Person do not, and the performance by such Person of its obligations hereunder will not, (A) if such Person is not an individual, conflict with or result in a violation of the organizational documents of such Person, or (B) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Covered Shares), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (v) there is no Action pending or, to the knowledge of such Person, threatened against such Person before (or, in the case of a threatened Action, that would be before) any arbitrator or any Governmental EntityAuthority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (vi) except as disclosed pursuant to Section 7.10 5.14 of the Transaction Business Combination Agreement, no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person, Purchaser AAC or New Pubco the Company (or any of their respective Subsidiaries), or any Affiliates of any of the foregoing Persons in connection with the Transaction Business Combination Agreement or this Sponsor Agreement or any of the respective transactions contemplated thereby and hereby, in each case, based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which Purchaser, New PubcoAAC, the Company Company, or any of their respective Affiliates would have any obligations or liabilities of any kind or nature; (vii) such Person has had the opportunity to read the Transaction Business Combination Agreement and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors; (viii) such Person has not entered into, and will not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (ix) such Person has good and valid title to all Covered Shares held by it, and there exist no Liens or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under the U.S. Securities ActAct of 1933, as amended, and the rules and regulations promulgated thereunder) affecting any such securities, other than pursuant to (A) this Sponsor Agreement, (B) prior to the Memorandum Closing, the AAC Organizational Documents, and Articles of Associationfollowing the Closing, the AAC Bye-Laws, (C) the Transaction Agreement Business Combination Agreement, or (D) any applicable securities Laws; and (x) the Founder Shares and Private Placement Warrants Shares, the Alignment Shares, the Founder AAC Warrants, AAC Class A Ordinary Shares, listed on Schedule A are the only equity securities in New Pubco AAC or any of its Subsidiaries (including, without limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of New Pubco AAC or any of its Subsidiaries) owned of record or Beneficially Owned by such Person as of the date hereof and as of immediately prior to the consummation of the Transactions on the Closing Date and such Person (or such Person’s general partner or managing member) has the sole power to dispose of (or sole power to cause the disposition of) and the sole power to vote (or sole power to direct the voting of) such Founder Shares, Alignment Shares, Founder AAC Warrants, AAC Class A Ordinary Shares and Private Placement Warrants and none of such Founder Shares, Alignment Shares, Founder AAC Warrants, AAC Class A Ordinary Shares or Private Placement Warrants is subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Founder Shares or Private Placement Shares, Alignment Shares, Founder AAC Warrants, AAC Class A Ordinary Shares, except as provided in this Sponsor Agreement.
Appears in 2 contracts
Samples: Sponsor Agreement (Austerlitz Acquisition Corp I), Sponsor Agreement (Cannae Holdings, Inc.)
Other Representations and Warranties. Each Sponsor Person hereby represents and warrants (severally and not jointly as to itself only) to Purchaser, New Pubco FTAC and the Company PGHL Parties as follows: (i) if such Person is not an individual, it is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate, limited liability company or other organizational powers and have been duly authorized by all necessary corporate, limited liability company or other organizational actions on the part of such Person; (ii) if such Person is an individual, such Person has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform its obligations hereunder; (iii) this Sponsor Agreement has been duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Person, enforceable against such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remediesEnforceability Exceptions); (iv) the execution and delivery of this Sponsor Agreement by such Person do not, and the performance by such Person of its obligations hereunder will not, (A) if such Person is not an individual, conflict with or result in a violation of the organizational documents of such Person, or (B) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Covered Shares), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (v) there is no Action pending or, to the knowledge of such Person, threatened against such Person before (or, in the case of a threatened Action, that would be before) any arbitrator or any Governmental EntityAuthority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (vi) except as disclosed pursuant to Section 7.10 6.08 of the Transaction Merger Agreement, no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person, Purchaser FTAC or New Pubco the Company (or any of their respective Subsidiaries), or any Affiliates of any of the foregoing Persons in connection with the Transaction Merger Agreement or this Sponsor Agreement or any of the respective transactions contemplated thereby and hereby, in each case, based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which Purchaser, New PubcoFTAC, the Company and PGHL or any of their respective Affiliates would have any obligations or liabilities of any kind or nature; (vii) such Person has had the opportunity to read the Transaction Merger Agreement and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors; (viii) such Person has not entered into, and will not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (ix) such Person has good and valid title to all Covered Shares held by it, and there exist no Liens or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under the Securities Act) affecting any such securities, other than pursuant to (A) this Sponsor Agreement, (B) the Memorandum and Articles of AssociationFTAC Bylaws, (C) the Transaction FTAC Charter, (D) the Merger Agreement or (DE) any applicable securities Laws; and (x) the Founder Shares Shares, FTAC Founder Warrants, FTAC Class A Common Stock and Private Placement FP Investor FTAC Warrants listed on Schedule A are the only equity securities in New Pubco FTAC or any of its Subsidiaries (including, without limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of New Pubco FTAC or any of its Subsidiaries) owned of record or Beneficially Owned by such Person as of the date hereof and as of the Closing Date and such Person has the sole power to dispose of (or sole power to cause the disposition of) and the sole power to vote (or sole power to direct the voting of) such Founder Shares Shares, FTAC Founder Warrants, FTAC Class A Common Stock and Private Placement FP Investor FTAC Warrants and none of such Founder Shares Shares, FTAC Founder Warrants, FTAC Class A Common Stock or Private Placement FP Investor FTAC Warrants is subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Founder Shares Shares, FTAC Founder Warrants, FTAC Class A Common Stock or Private Placement FP Investor FTAC Warrants, except as provided in this Sponsor Agreement.
Appears in 1 contract
Other Representations and Warranties. Each Sponsor Person hereby Party represents and warrants (severally and not jointly as to itself only) to Purchaser, New Pubco and of the Company as follows: (i) if such Person is not an individual, Effective Date:
a. it is duly organized, organized and validly existing and in good standing under the laws of the jurisdiction in which of its organization or incorporation; it is incorporated, formed, organized or constituted, and has the execution, delivery and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate, limited liability company or other organizational powers and have been duly authorized by all necessary corporate, limited liability company or other organizational actions on the part of such Person; (ii) if such Person is an individual, such Person has full legal capacity, right authority and authority power to execute and deliver this Sponsor Agreement and to perform its obligations hereunderunder this Agreement; (iii) this Sponsor Agreement it has been duly executed and delivered by taken all necessary action to authorize such Person and, assuming due authorization, execution and delivery by performance; the execution and performance of this Agreement are within its powers and do not violate or conflict with its governing documents, any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or other parties agency of government applicable to it, or any contract to which it is a party;
b. its obligations under this Sponsor AgreementAgreement constitute its legal, this Sponsor Agreement constitutes a legally valid and binding obligation of such Personobligations, enforceable against such Person in accordance with the their respective terms hereof (except as enforceability may be limited by bankruptcy Lawssubject to applicable bankruptcy, other reorganization, insolvency, moratorium or similar Laws laws affecting creditors’ rights generally and general subject, as to enforceability, to equitable principles of general application regardless of whether enforcement is sought in a proceeding in equity affecting the availability or at law);
c. no Event of specific performance Default (as defined in Article 12) with respect to it, or event which with notice and/or lapse of time would constitute such an Event of Default, has occurred and other equitable remedies); (iv) the execution is continuing and delivery of this Sponsor Agreement by no such Person do not, and the performance by such Person event or circumstance would occur because of its obligations hereunder will not, (A) if such Person is not an individual, conflict with entering into or result in a violation of the organizational documents of such Person, or (B) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Covered Shares), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by such Person of performing its obligations under this Sponsor Agreement; (v) ;
d. there is are no Action proceedings by or before any court or other agency of government now pending or, to the knowledge of such PersonParty, threatened against such Person before (or, in the case of a threatened Actionthreatened, that would be before) any arbitrator or any Governmental Entity, which in any manner challenges or seeks if adversely determined could have a material adverse effect on such Party’s ability to prevent, enjoin or materially delay perform the performance by such Person of its Party’s obligations under this Sponsor Agreement; (vi) except as disclosed pursuant to Section 7.10 ;
e. it is not relying upon any representations of the Transaction other Party other than those expressly set forth in this Agreement, no financial advisorand it has entered into this Agreement with a full understanding of, investment bankerand the ability to assume, brokerthe material terms and risks of this Agreement, finder or other similar intermediary is entitled to and has made its decisions (including regarding the suitability thereof) based upon its own judgment and any fee or commission advice from such Person, Purchaser or New Pubco (or any of their respective Subsidiaries), or any Affiliates of any of the foregoing Persons advisors as it has deemed necessary and not in connection with the Transaction Agreement or this Sponsor Agreement or any of the respective transactions contemplated thereby and hereby, in each case, based reliance upon any arrangement or agreement made view expressed by or, to the knowledge of such Person, on behalf of such Person, for which Purchaser, New Pubco, the Company or any of their respective Affiliates would have any obligations or liabilities of any kind or nature; (vii) such Person has had the opportunity to read the Transaction Agreement and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors; (viii) such Person has not entered into, and will not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (ix) such Person has good and valid title to all Covered Shares held by it, and there exist no Liens or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under the Securities Act) affecting any such securities, other than pursuant to (A) this Sponsor Agreement, (B) the Memorandum and Articles of Association, (C) the Transaction Agreement or (D) any applicable securities Laws; and (x) the Founder Shares and Private Placement Warrants listed on Schedule A are the only equity securities in New Pubco or any of its Subsidiaries (including, without limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of New Pubco or any of its Subsidiaries) owned of record or Beneficially Owned by such Person as of the date hereof and as of the Closing Date and such Person has the sole power to dispose of (or sole power to cause the disposition of) and the sole power to vote (or sole power to direct the voting of) such Founder Shares and Private Placement Warrants and none of such Founder Shares or Private Placement Warrants is subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Founder Shares or Private Placement Warrants, except as provided in this Sponsor AgreementParty.
Appears in 1 contract
Other Representations and Warranties. Each Sponsor Person hereby represents and warrants (severally and not jointly as to itself only) to Purchaser, New Pubco FTAC and the Company Tempo as follows: (i) if such Person is not an individual, it is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate, limited liability company or other organizational powers and have been duly authorized by all necessary corporate, limited liability company or other organizational actions on the part of such Person; (ii) if such Person is an individual, such Person has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform its obligations hereunder; (iii) this Sponsor Agreement has been duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Person, enforceable against such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remediesEnforceability Exceptions); (iv) the execution and delivery of this Sponsor Agreement by such Person do not, and the performance by such Person of its obligations hereunder will not, (A) if such Person is not an individual, conflict with or result in a violation of the organizational documents of such Person, or (B) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Covered Shares), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (v) there is no Action pending or, to the knowledge of such Person, threatened against such Person before (or, in the case of a threatened Action, that would be before) any arbitrator or any Governmental EntityAuthority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (vi) except as disclosed pursuant to Section 7.10 6.08 of the Transaction Business Combination Agreement, no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person, Purchaser FTAC or New Pubco the Company (or any of their respective Subsidiaries), or any Affiliates of any of the foregoing Persons in connection with the Transaction Business Combination Agreement or this Sponsor Agreement or any of the respective transactions contemplated thereby and hereby, in each case, based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which Purchaser, New PubcoFTAC, the Company or Tempo or any of their respective Affiliates would have any obligations or liabilities of any kind or nature; (vii) such Person has had the opportunity to read the Transaction Business Combination Agreement and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors; (viii) such Person has not entered into, and will not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (ix) such Person has good and valid title to all Covered Shares held by it, and there exist no Liens or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under the Securities Act) affecting any such securities, other than pursuant to (A) this Sponsor Agreement, (B) the Memorandum and Articles of AssociationFTAC bylaws, (C) the Transaction FTAC Charter, (D) the Business Combination Agreement or (DE) any applicable securities Laws; and (x) the Founder Shares Shares, the FTAC Founder Warrants, FTAC Class A Common Stock, FP Investor FTAC Warrants, FTAC Class C Common Stock, FTAC Surviving Corporation Class C Common Stock and Private Placement Warrants Exchangeable Units listed on Schedule A are the only equity securities in New Pubco FTAC or any of its Subsidiaries (including, without limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of New Pubco FTAC or any of its Subsidiaries) owned of record or Beneficially Owned by such Person as of the date hereof and as of immediately prior to the consummation of the Transactions on the Closing Date and such Person (or such Person’s general partner or managing member) has the sole power to dispose of (or sole power to cause the disposition of) and the sole power to vote (or sole power to direct the voting of) such Founder Shares Shares, FTAC Founder Warrants, FTAC Class A Common Stock and Private Placement FP Investor FTAC Warrants and none of such Founder Shares Shares, FTAC Founder Warrants, FTAC Class A Common Stock or Private Placement FP Investor FTAC Warrants is subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Founder Shares Shares, FTAC Founder Warrants, FTAC Class A Common Stock or Private Placement FP Investor FTAC Warrants, except as provided in this Sponsor Agreement.
Appears in 1 contract
Other Representations and Warranties. Each Sponsor Person hereby represents and warrants (severally and not jointly severally, as to itself only, and not jointly) to PurchaserXxxxxx, New Pubco X0 Holdco and the Company Protected as follows: (ia) if such Person is not an individual, it is duly organized, validly existing and in good standing (to the extent such concept is recognized) under the laws Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate, limited liability company or other organizational powers and have been duly authorized by all necessary corporate, limited liability company or other organizational actions on the part of such Person; (iib) if such Person is an individual, such Person has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform its obligations hereunder; (iiic) this Sponsor Agreement has been duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Person, enforceable against such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remediesEnforceability Exceptions); (ivd) the execution and delivery of this Sponsor Agreement by such Person do not, and the performance by such Person of its obligations hereunder will not, (Ai) if such Person is not an individual, conflict with or result in a violation of the organizational documents of such Person, or (Bii) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Covered Shares), in each case, to the extent the failure to obtain such consent, approval or other action would have a material adverse effect on such Person or otherwise prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (ve) there is no Action pending or, to the knowledge of such Person, threatened against such Person before (or, in the case of a threatened Action, that would be before) any arbitrator or any Governmental EntityAuthority, which in any manner challenges or seeks to prevent, enjoin or materially delay delay, or would have the effect of preventing, enjoining or delaying, the performance by such Person of its obligations under this Sponsor Agreement; (vif) except as described herein or disclosed pursuant to Section 7.10 7.08 of the Transaction AgreementBCA, no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person, Purchaser or New Pubco (or Trebia, any of their respective Subsidiaries), or any Affiliates of any of the foregoing Persons in connection with the Transaction Agreement or BCA, this Sponsor Agreement or any of the respective transactions contemplated thereby and or hereby, in each case, based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which PurchaserXxxxxx, New PubcoX0 Holdco, the Company Protected or any of their respective Affiliates would have any obligations or liabilities of any kind or nature; (viig) such Person has had the opportunity to read the Transaction Agreement BCA and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisorsadvisors prior to entering into this Sponsor Agreement; (viiih) such Person has not entered into, and will not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (ixi) such Person has good and valid title to all Covered Shares held by it, and there exist no Liens or any other limitation or restriction (including, without limitation, including any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under the Securities Act) affecting any such securities), other than those imposed pursuant to to: (A) this Sponsor Agreement, (B) the Memorandum and Articles of AssociationTrebia Bylaws, (C) the Transaction Agreement or Trebia Certificate of Incorporation, (D) the BCA or (E) any applicable securities Securities Laws; and (xj) the Founder Shares, the Trebia Class A Ordinary Shares, the Trebia Class B Ordinary Shares, shares of Trebia Class A Common Stock, shares of Trebia Class D Common Stock and any other Covered Shares and Private Placement Warrants listed on Schedule A are the only equity securities in New Pubco Trebia or any of its Subsidiaries (including, without limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of New Pubco or any of its Subsidiaries) owned of record or Beneficially Owned by such Person as of the date hereof and as of the Closing Date and such Person has the sole power to dispose of (or sole power to cause the disposition of) and the sole power to vote (or sole power to direct the voting of) such Founder Shares, Trebia Class A Ordinary Shares, Trebia Class B Ordinary Shares, shares of Trebia Class A Common Stock, shares of Trebia Class D Common Stock and other Covered Shares and Private Placement Warrants and none of such Founder Shares, Trebia Class A Ordinary Shares, Trebia Class B Ordinary Shares, shares of Trebia Class A Common Stock, shares of Trebia Class D Common Stock or other Covered Shares or Private Placement Warrants is subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Founder Shares Shares, Trebia Class A Ordinary Shares, Trebia Class B Ordinary Shares, shares of Trebia Class A Common Stock, shares of Trebia Class D Common Stock or Private Placement Warrantsother Covered Shares, except as provided in (1) this Sponsor Agreement, (2) the Trebia Bylaws, (3) the Trebia Certificate of Incorporation or (4) the BCA.
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Other Representations and Warranties. Each Sponsor Person The Borrower(s) hereby further represents and warrants (severally and not jointly as warrant to itself only) to Purchaser, New Pubco and the Company Lender as follows: (i) if such Person It is not an individual, it is a company duly organized, validly existing and in good standing incorporated under the laws Companies Xxx 0000 and nothing in this Agreement conflicts with the memorandum or articles of association of the jurisdiction Borrower(s). Any information/declarations provided by the Borrower(s) or Security Provider / Xxxxxxx (either individually or jointly) in which it relation to the loan or other facilities availed by the Borrower(s) under this Agreement, is incorporatedtrue and correct and complete in all respects and bonfide; The persons, formedif any, organized or constituted, availing of and the execution, delivery operating each Facility for and performance of this Sponsor Agreement and the consummation on behalf of the transactions contemplated hereby Borrower(s) are within such Person’s corporate, limited liability company or other organizational powers and have been duly authorized by all necessary corporate, limited liability company or other organizational actions on the part of such PersonBorrower(s) to do so; (iiThe Borrower(s) if such Person and the Security Provider / Xxxxxxx is an individual, such Person has full legal capacity, right and authority fully empowered to execute and deliver enter into this Sponsor Agreement and to perform its obligations hereunder; (iii) hereunder and in the Facility Documents, and this Sponsor Agreement has and the Facility Documents have been duly executed and delivered by such Person andthe Borrower(s) as may be required, assuming due authorizationand constitute a legal, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Personthe Borrower(s), as the case may be, enforceable against such Person him/ her/it/them in accordance with their respective terms; All accounts and financial statements furnished by the terms hereof Borrower(s) to the Lender have been prepared in accordance with accounting standards and practices in force in India consistently applied during the periods Involved (except as enforceability may be limited by bankruptcy Lawsstated in the published financial statements) and present truly and fairly the financial position and result of operations of the Borrower(s); and, save as mentioned above, the Borrower(s) has no liabilities or obligations of any nature (absolute, accrued, contingent or otherwise) which are not fully reflected or reserved against in the balance sheet included in such financial statements; No proceedings have been initiated or events occurred in connection with insolvency, bankruptcy, protection against creditors or as a relief undertaking or other similar Laws affecting creditors’ rights and general principles of equity affecting matters in relation to the availability of specific performance and other equitable remedies); (ivBorrower(s) the execution and delivery of this Sponsor Agreement by such Person do notor Security Provider / Xxxxxxx, and the performance by such Person of its obligations hereunder will not, (A) if such Person is not an individual, conflict with or result in a violation of the organizational documents of such Person, or (B) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Covered Shares), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (v) there is no Action pending or, to order for the knowledge of such Person, threatened against such Person before (or, in the case appointment of a threatened Actionreceiver, that would be before) any arbitrator or any Governmental Entity, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (vi) except as disclosed pursuant to Section 7.10 of the Transaction Agreement, no financial advisor, investment banker, broker, finder administrator or other similar intermediary is entitled person or authority in relation to any fee the business, undertaking or commission from such Person, Purchaser or New Pubco (or any of their respective Subsidiaries), or any Affiliates of any assets of the foregoing Persons in connection with Borrower(s) or Security Provider / Xxxxxxx; The Borrower(s) hereby agrees and undertakes that the Transaction Agreement or this Sponsor Agreement or any proceeds of the respective transactions contemplated thereby Advance shall not be used for financing any takeover related activity, unless the takeover is done by the Borrower(s) in full compliance of the Securities and herebyExchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 1996. The Borrower(s) hereby unconditionally agrees that if in each caseview of the Lender there is any breach of these Regulation by the Borrower(s) or Security Provider / Xxxxxxx, based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which Purchaser, New Pubco, the Company or any of their respective Affiliates would Lender shall have any obligations or liabilities of any kind or nature; (vii) such Person has had the opportunity to read the Transaction Agreement and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors; (viii) such Person has not entered into, and will not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (ix) such Person has good and valid title to all Covered Shares held by it, and there exist no Liens or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under terminate this Agreement on the Securities Act) affecting any such securities, other than pursuant to (A) this Sponsor Agreement, (B) the Memorandum and Articles of Association, (C) the Transaction Agreement or (D) any applicable securities Laws; and (x) the Founder Shares and Private Placement Warrants listed on Schedule A are the only equity securities in New Pubco or any of its Subsidiaries (including, without limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of New Pubco or any of its Subsidiaries) owned of record or Beneficially Owned by such Person as ground of the date hereof and as Borrower(s) having committed an Event of the Closing Date and such Person has the sole power to dispose of (or sole power to cause the disposition of) default and the sole power Lender shall be entitled to vote (or sole power to direct sell the voting of) such Founder Shares and Private Placement Warrants and none of such Founder Shares or Private Placement Warrants is subject to secured assets without any proxy, voting trust or other agreement or arrangement with respect notice to the voting of such Founder Shares Borrower(s) or Private Placement Warrants, except as provided in this Sponsor AgreementSecurity Provider / Xxxxxxx and no further Advance shall be made to the Borrower(s).
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Samples: Loan Cum Pledge Agreement
Other Representations and Warranties. Each Sponsor Person hereby represents and warrants (severally and not jointly as to itself only) to Purchaser, New Pubco VOSO and the Company Wejo Parties as follows: (ia) if such Person is not an individual, it is duly organized, validly existing and in good standing under the laws Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate, limited liability company or other organizational powers and have been duly authorized by all necessary corporate, limited liability company or other organizational actions on the part of such Person; (iib) if such Person is an individual, such Person has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform its obligations hereunder; (iiic) this Sponsor Agreement has been duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Person, enforceable against such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remediesEnforceability Exceptions); (ivd) the execution and delivery of this Sponsor Agreement by such Person do not, and the performance by such Person of its obligations hereunder will not, (Ai) if such Person is not an individual, conflict with or result in a violation of the organizational documents of such Person, or (Bii) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s Covered Shares), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (ve) there is no Action pending or, to the knowledge of such Person, threatened against such Person before (or, in the case of a threatened Action, that would be before) any arbitrator or any Governmental EntityAuthority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Person of its obligations under this Sponsor Agreement; (vif) except as disclosed pursuant to Section 7.10 6.08 of the Transaction Merger Agreement, no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person, Purchaser VOSO or New Pubco the Company (or any of their respective Subsidiaries), or any Affiliates of any of the foregoing Persons in connection with the Transaction Merger Agreement or this Sponsor Agreement or any of the respective transactions contemplated thereby and hereby, in each case, based upon any arrangement or agreement made by or, to the knowledge of such Person, on behalf of such Person, for which Purchaser, New PubcoVOSO, the Company and Wejo or any of their respective Affiliates would have any obligations or liabilities of any kind or nature; (viig) such Person has had the opportunity to read the Transaction Merger Agreement and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors; (viiih) such Person has not entered into, and will not enter into, any agreement that would restrict, limit or interfere with the performance of such Person’s obligations hereunder; (ixi) such Person has good and valid title to all Covered Shares held by it, and there exist no Liens or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell or otherwise dispose of such securities (other than transfer restrictions under the Securities Act) affecting any such securities, other than pursuant to (A) this Sponsor Agreement, (B) the Memorandum and Articles of AssociationVOSO Bylaws, (C) the Transaction VOSO Charter, (D) the Merger Agreement or (DE) any applicable securities Laws; and (x) the Founder Shares Shares, Sponsor VOSO Warrants, and Private Placement Warrants VOSO Class A Common Stock listed on Schedule A are the only equity securities in New Pubco VOSO or any of its Subsidiaries (including, without limitation, any equity securities convertible into, or which can be exercised or exchanged for, equity securities of New Pubco or any of its SubsidiariesVOSO) owned of record or Beneficially Owned by such Person the Sponsor as of the date hereof and as of the Closing Date and such Person the Sponsor has the sole power to dispose of (or sole power to cause the disposition of) and the sole power to vote (or sole power to direct the voting of) such Founder Shares Shares, Sponsor VOSO Warrants, and Private Placement Warrants VOSO Class A Common Stock, and none of such Founder Shares Shares, Sponsor VOSO Warrants or Private Placement Warrants VOSO Class A Common Stock is subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Founder Shares Shares, Sponsor VOSO Warrants or Private Placement WarrantsVOSO Class A Common Stock, except as provided in this Sponsor Agreement.
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